CBSE Class 12 Accountancy Boards 2021 Sample Paper Solved

Read and download the CBSE Class 12 Accountancy Boards 2021 Sample Paper Solved, designed by expert teachers according to the latest 2025-26 curriculum and examination pattern issued by CBSE, NCERT, and KVS. These Class 12 Accountancy sample papers include detailed step-by-step solutions, helping students to practice and evaluate their performance against the most recent marking schemes.

Solved Sample Paper for Class 12 Accountancy PDF

Our Class 12 Accountancy model papers are important for understanding the weightage of different chapters and the difficulty level of expected questions. By solving these guess papers Class 12 students can identify weak areas and improve time management. We also suggest referring to our Class 12 Accountancy Question Papers of previous years to further strengthen your exam preparation.

Class 12 Accountancy Sample Paper with Solutions

Part- A
(Accounting for Not for Profit organizations, Partnership firms and Companies)
 
1 Which of the following items is not dealt through Profit and Loss Appropriation Account?
 
a. Interest on Partner’s Loan
 
b. Partner’s Salary
 
c. Interest on Partner’s Capital
 
d. Partner's Commission
 
2 For which of the following situations, the old profit sharing ratio of partners is used at the time of admission of a new partner?
 
a. When new partner brings only a part of his share of goodwill.
 
b. When new partner is not able to bring his share of goodwill.
 
c. When, at the time of admission, goodwill already appears in the balance sheet.
 
d. When new partner brings his share of goodwill in cash.
 
3 Reserve Capital is not a part of:
 
(a) Authorized Capital (b) Subscribed capital (c) Unsubscribed capital (d) Issued Share Capital
 
4 Sports Star Charitable club has income of ` 16,000 and ‘deficit’ debited to capital fund of ` 4,300 for the year 2019-20, then expenditure for the year 2019-20 is:
 
(A) ` 11,700 (B) ` 4,300 (C) ` 20,300 (D) None of these
 
5 At the time of dissolution of partnership firm, journal entry for the settlement of loan advanced by the firm to
 CBSE Class 12 Accountancy Boards 2021 Sample Paper Solved
6 A company forfeited 4,000 shares of `10 each on which application money of `3 has been paid. Out of these 2,000 shares were reissued as fully paid up and `4,000 has been transferred to capital reserve. Calculate the rate at which these shares were reissued.
a. `10 Per share
b. ` 9 Per share
c. `11 Per share
d. `8 Per share
 
7 On the basis of the following data, how much final payment will be made to a partner on firm’s dissolution? Credit balance of capital account of the partner was `50,000. Share of loss on realization amounted to `10,000. Firm’s liability taken over by him was for `8,000.
a. `32,000
b. `48,000
c. `40,000
d. `52,000
CBSE Class 12 Accountancy Boards 2021 Sample Paper Solved
 
9 Rex, Tex and Flex are partners in a firm in the ratio of 5:3:2. As per their partnership agreement, the share of deceased partner is to be calculated on the basis of profits and turnover of previous accounting year.
Tex expired on 31st December 2019. Turnover till the date of death was `18,00,000.
Their profits and turnover for the year 2018-19 amounted to `4,00,000 and `20,00,000 respectively.
An amount of `____________will be given to his executors as his share of profits till the date of death.
 
10 Retirement or death of a partner will create a situation for the continuing partners, which is known as:
A. Dissolution of Partnership
B. Dissolution of partnership firm
C. Winding up of business
D. None of the above
 
11 A, B and C are partners. C expired on 18th December 2019 and as per agreement surviving partners A and B directed the accountant to prepare financial statements as on 18th December 2019 and accordingly the share of profits of C (deceased partner) was calculated as `12,00,000. Which account will be debited to transfer C’s share of profits:
a. Profit and Loss Suspense Account.
b. Profit and loss Appropriation Account.
c. Profit and loss Account.
d. None of the above.
 
12 E, F and G are partners sharing profits in the ratio of 3:3:2. As per the partnership agreement, G is to get a minimum amount of `80,000 as his share of profits every year and any deficiency on this account is to be personally borne by E. The net profit for the year ended 31st March, 2020 amounted to `3,12 ,000. Calculate the amount of deficiency to be borne by E?
a. `1,000
b. `4,000
c. `8,000
 
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How to download CBSE Class 12 Accountancy Boards 2021 Sample Paper Solved in PDF?

Students can easily download the CBSE Class 12 Accountancy Boards 2021 Sample Paper Solved from our website to prepare for their upcoming examinations. To score high marks, it is important for Class 12 students to understand the exaact pattern as per which teachers design the question papers. We strongly suggest that you practice these latest sample papers for Accountancy and solve different types of questions that are expected to come this year. You can downloadin PDF format so that you can practice offline. We also recommend that Class 12 students solve these papers actual exam conditions at home.

Why should you solve CBSE Class 12 Accountancy Boards 2021 Sample Paper Solved?

Practicing these model papers has several benefits for Class 12 students:

  • New Question Bank: This set has fresh questions for Accountancy which are different from previous years.
  • Exam Pattern Knowledge: Solving more sets will help you to understand the weightage of each chapter in Class 12 and also the type of questions asked.
  • Identify Weak Areas: Comparing your score in each set to find out topics in Class 12 Accountancy for which you need hard work.
  • Speed and Accuracy: Attempting MCQ questions and long-form problems for Class 12 Accountancy makes you faster and better and you will be able to finish your exam on time.

What should you do after solving CBSE Class 12 Accountancy Boards 2021 Sample Paper Solved?

  1. Check Your Work: Match your answers with the solutions given by our teachers in the Accountancy Sample Paper PDF.
  2. Learn from Mistakes: Class 12 students should focus on the questions which you solved incorrectly and understand the error.
  3. Revision: If you find a question difficult you shoul refer to NCERT book for Class 12 Accountancy to understand concepts and then try the question again.
  4. Continuous Practice: Solve multiple sets of Accountancy sample papers from studiestoday.com to build confidence before the CBSE exams.
Where can I download the PDF for CBSE Class 12 Accountancy Boards 2021 Sample Paper Solved?

You can download the complete PDF for CBSE Class 12 Accountancy Boards 2021 Sample Paper Solved for free from StudiesToday.com. Our resources for Class 12 Accountancy are updated for the latest academic session and follow the official exam pattern.

Are solutions provided for CBSE Class 12 Accountancy Boards 2021 Sample Paper Solved?

Yes, CBSE Class 12 Accountancy Boards 2021 Sample Paper Solved comes with detailed, teacher-verified solutions. We have provided step-by-step answers for Accountancy to help students of Class 12 understand correct methodology and marking scheme.

How can practicing CBSE Class 12 Accountancy Boards 2021 Sample Paper Solved help in exam preparation?

Practicing this Accountancy paper helps in time management and identifying important topics. For Class 12, solving mock papers is the best way to gain confidence and reduce exam-day anxiety.

Is the CBSE Class 12 Accountancy Boards 2021 Sample Paper Solved accessible on mobile and tablets?

Yes, all our study materials for Class 12 Accountancy are provided in a mobile-friendly PDF format. You can easily download CBSE Class 12 Accountancy Boards 2021 Sample Paper Solved on your mobile device.