Read and download the CBSE Class 12 Accountancy Sample Paper 2017 Set D, 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 PARTNERSHIP FIRMS AND COMPANIES
Q1. A, B and C are the partners sharing profits and losses in the ratio of 5:3:2. C retired and his capital balance after adjustments regarding Reserves, Accumulated profits/ losses and gain/loss on revaluation was RS. 2,50,000. C was paid RS.3,00,000 in full settlement. Afterwards D was admitted for 1/4thshare . Calculate the amount of goodwill premium brought by D.
Sol: Goodwill share of C= RS. 3,00,000 - RS. 2,50,000 = RS. 50,000
Firm’s Goodwill= RS. 50,000x10/2= RS. 2,50,000
D’s share in Goodwill= RS. 2,50,000x1/4 = RS. 62,500
Q2. A and B were partners in a firm. They admitted C as a new partner for 20% share in the profits. After all adjustments regarding general reserve, goodwill, gain or loss on revaluation, the balances in capital accounts of A and B were RS. 3,85,000 and RS. 4,15,000 respectively. C brought proportionate capital so as to give him 20% share in the profits. Calculate the amount of capital to be brought by C.
Sol: Combined capital of A and B = RS. 3,85,000 + RS. 4,15,000 = RS. 8,00,000 C’s Share= 1/5th of total capital
Remaining share = 1-1/5=4/5 4/5 = RS. 8,00,000
C’s capital = RS. 8,00,000x5/4x1/5 = RS. 2,00,000
Q3. A and B are partners. The net divisible profit as per Profit and Loss Appropriation A/c is RS. 2,50,000. (1) The total interest on partner’s drawing is RS. 4,000. A’s salary is RS. 4,000 per quarter and B’s salary is RS. 40,000 per annum. Calculate the net profit/loss earned during the year.
Sol. Net Profit during the year = Divisible profits + Salary to partners – Interest on Drawings
= RS. 2,50,000 + RS. 16,000 + RS. 40,000 – RS. 4000 = RS. 3,02,000
Q4. ABC Ltd. Purchased for cancellation its own RS. 5,000, 9% Debentures of 100 each for 95 per debenture. The brokerage charges 15,000 were incurred. Calculate the amount to be transferred to capital reserve.
Sol. Amount paid for RS. 5,000 Debentures= RS. 4,75,000 + RS. 15,000 = RS. 4,90,000 The nominal value of debentures to be redemption/cancelled = RS. 5,00,000 Amount of profit on redemption to be transferred to capital reserve = RS. 5,00,000 - RS. 4,90,000= 10,000
Q5. A Ltd forfeited a share of 100 issued at a premium of 20% for non-payment of first call of 30 per share and final call of 10 per share. State the minimum price at which this share can be reissued.
Sol. Minimum price at which shares can be reissued = 100 – 60 = 40
Q6. A group of 60 persons want to form a partnership business in India. Can they do so? Give reason in support of your answer.
Sol. No, Maximum no. of partners as per The Companies Misc. Rule, 2014 is 50 persons.
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Important Practice Resources for Class 12 Accountancy
How to download CBSE Class 12 Accountancy Sample Paper 2017 Set D in PDF?
Students can easily download the CBSE Class 12 Accountancy Sample Paper 2017 Set D 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 Sample Paper 2017 Set D?
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 Sample Paper 2017 Set D?
- Check Your Work: Match your answers with the solutions given by our teachers in the Accountancy Sample Paper PDF.
- Learn from Mistakes: Class 12 students should focus on the questions which you solved incorrectly and understand the error.
- 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.
- Continuous Practice: Solve multiple sets of Accountancy sample papers from studiestoday.com to build confidence before the CBSE exams.
You can download the complete PDF for CBSE Class 12 Accountancy Sample Paper 2017 Set D for free from StudiesToday.com. Our resources for Class 12 Accountancy are updated for the latest academic session and follow the official exam pattern.
Yes, CBSE Class 12 Accountancy Sample Paper 2017 Set D 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.
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.
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 Sample Paper 2017 Set D on your mobile device.