CBSE Class 12 Accountancy Boards 2020 Sample Paper Solved

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CBSE Class 12 Accountancy Boards 2020 Sample Paper Solved. CBSE has recently released the class 12 sample papers for subject Accountancy. These suggested sample papers are released every year by CBSE ahead of the class 12 board exams so that the students can understand the pattern of question paper and type of questions which is expected to come in the Class 12 board exams. Students can refer to the attached question paper along with marking scheme to understand what they can expect in the board exams in 2020. Its always better to solve the question paper first and then refer to provided answers. 

PART A
(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1 How are the following items presented in financial statements of a Not-for- Profit organisation:-
(a) Tournament Fund- 80,000
(b) Tournament expenses-14,000
 
2 At what rate is interest payable on the amount remaining unpaid to the executor of deceased partner, in absence of any agreement among partners, when (s)he opts for interest and not share of profit.
(a) 12% p.a.
(b) 8% p.a.
(c) 6% p.a.
(d) 7.5%p.a.
 
3 State the order of payment of the following, in case of dissolution of partnership firm.
i. to each partner proportionately what is due to him/her from the firm for advances as distinguished from capital (i.e. partner’ loan);
ii. to each partner proportionately what is due to him on account of capital; and
iii. for the debts of the firm to the third parties;
 
4 A and B are partners in a firm having a capital of ₹ 54,000 and ₹ 36,000 respectively. They admitted C for 1/3rd share in the profits C brought proportionate amount of capital. The Capital
brought in by C would be:
a) ₹ 90,000
b) ₹ 45,000
c) ₹ 5,400
d) ₹ 36,00
 
5 Amit, a partner in a partnership firm withdrew ₹ 7,000 in the beginning of each quarter. For how many months would interest on drawings be charged?
 
6 Ankit, Unnati and Aryan are partners sharing profits in the ratio of 5:3:2. They decided to share future profits in the ratio of 2:3:5 with effect from 1st April,2018. They had the following balance in their balance sheet, passing necessary Journal Entry:
      Particulars                                                   Amount(₹)
Profit and loss Account                                       (Dr) 60,500
 
7 A and B are partners in a firm. They admit C as a partner with 1/5th share in the profits of the firm. C brings ₹ 4,00,000 as his share of capital. Calculate the value of C’s share of Goodwill on the basis of his capital, given that the combined capital of A and B after all adjustments is ₹ 10,00,000
 
8 Riyansh, Garv and Kavleen were partners in a firm sharing profit and loss in the ratio of 8:7:5. On 2nd November 2018, Kavleen died. Kalveen’s share of profits till the date of her death was calculated at₹ 9,375. Pass the necessary journal entry.
 
9 A and B are partners in a firm sharing profits and losses in the ratio of 3:2.On 1st April, 2019 they decided to admit C their new ratio is decided to be equal. Pass the necessary journal entry to distribute Investment Fluctuation Reserve of₹ 60,000 at the time of C’s admission, when Investment appear in the books at₹ 2,10,000 and its market value is ₹1,90,000.
 
10 ‘Complete the following statement’
When a liability is discharged by a partner, at the time of dissolution, Capital Account is credited because
 

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Key Advantages of Solving CBSE Class 12 Accountancy Boards 2020 Sample Paper Solved

  • Exam Blueprint: Understand mark allocations and structural guidelines relevant to Class 12 evaluations.
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  • Pacing & Precision: Practice mixed question formats to build execution speed and ensure timely paper completion.

Steps to Follow After Completing CBSE Class 12 Accountancy Boards 2020 Sample Paper Solved

  1. Review Solutions: Evaluate your completed papers using expert-verified guidance inside our solution sets.
  2. Target Weaknesses: Class 12 students should analyze missed questions to rectify conceptual misunderstandings.
  3. Deep Revision: Re-read sections in the NCERT book for Class 12 Accountancy to clear doubts before solving items again.

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