CBSE Class 12 Accountancy Sample Paper 2021 Set C Solved

Accountancy
Download PDF

Read and download the CBSE Class 12 Accountancy Sample Paper 2021 Set C 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

1 Ram and Mohan are partners in a firm. They want to admit one more partner in the firm. Besides a minor and insolvent, name a person who cannot be admitted as partner.
 
2 A partner has given a loan of Rs.50,000 to the firm on 1st July 2016. The Partnership Deed is silent as to the interest on Partner’s Loan. How much amount of Interest on Partner’s Loan will be allowed on 31st March 2017.
 
3 What is meant by number of years’ purchase? 
 
4 Does the change in profit sharing ratio result into dissolution of partnership firm? Give reason in support of your answer.
 
5 P, Q and R were partners sharing profits and losses in the ratio of 1:2:2. On 1st April 2015 it was decided that P will get ¼ of the total profit and remaining share will be taken by Q and R equally. Calculate sacrificing and gaining ratios.
 
6 Give the journal entry to distribute ‘General Reserve’ of Rs.20,000 at the time of admission of Z when 25% of General Reserve is transferred to Workmen Compensation Reserve. The firm has two partners X and Y.
 
7 X and Y who are in partnership sharing profits & losses in the ratio of 3:2 admit Z for 1/5th share in profits. The capitals of X and Y after adjustments are Rs.2,40,000 and Rs.1,60,000 respectively. Z is to bring in 25% of the total capital of X and Y. Calculate Z’s capital.
 
8 A, B and C were partners in a firm sharing profits in 3:3:2 ratio. They admitted D as a new partner for 4/7 profit. D acquired his share 2/7 from A, 1/7 from B and 1/7 from C. Calculate new profit sharing ratio.
 
9 K, L and M were partners in a firm sharing profits in 2:1:1 ratio. M was guaranteed a profit of Rs.25,000. K agreed to meet the liability arising out of guaranteed amount to M. The firm earned a profit of Rs.80,000 for the year ended 31st March 2016. Prepare Profit & Loss Appropriation Account.
 
10 A business has earned average profit of Rs.2,00,000 during the last few years and the normal rate of return in similar business is 10%. Find the value of goodwill by
(i) Capitalisation of Super Profit Method
(ii) Super Profit Method if the goodwill is valued at 3 years’ purchase of Super Profits.
The assets of the business were Rs.20,00,000 and its external liabilities Rs.3,60,000.
 
11 A, B and C are partners sharing profits and losses in the ratio of 5:3:2. They now decide to share future profits and losses equally. Goodwill of the firm is valued at Rs.90,000. Goodwill is already appearing in the books at Rs.40,000. Pass necessary journal entries to adjust goodwill.
 
12 A and B are partners sharing profits in the ratio of 3:2. C is admitted as a new partner. A sacrificed 1/6th of his share and B sacrificed 1/8th from his share. Find new profit sharing ratio and sacrificing ratio.
 
13 X and Y are partners in a firm manufacturing solar cookers, sharing profits in the ratio of 2:1. They invested capitals of Rs.20,00,000 and Rs.10,00,000 respectively. X withdrew the following amounts during the year for his personal use:

CBSE Class 12 Accountancy Sample Paper 2021 Set C Solved 1

Y withdrew Rs.30,000 in the beginning of each quarter (i.e. 1st day of each quarter) for household expenses of his family. The firm also paid Rs.10,000 per month as rent for the premises owned by Y used as office of partnership firm.
(a) Calculate Interest on Drawings @ 6% p.a. for the year 2016-17. Also explain the accounting treatment of Interest on drawings.
(b) State giving reason to which account rent paid for Y for use of his premises is debited.
 
14 On 1st April 2015 an existing firm had assets of Rs.2,00,000 including cash of Rs.4,000. Its creditors amounted to Rs.10,000 on that date. The partner’s capital accounts showed a balance of Rs.1,60,000, while the reserve fund amounted to Rs.30,000. If the normal rate of return is 15% and the goodwill of the firm is valued at Rs.36,000 at 3 years’ purchase of super profit, find the average profit of the firm.
 
15 A, B and C are partners sharing profits and losses in the ratio of 3:3:2. Their Balance Sheet as at 31st March 2017 was as follows:

CBSE Class 12 Accountancy Sample Paper 2021 Set C Solved 2

Partners decided that with effect from 1st April 2017, they would share profits and losses in the ratio of 4:3:2. It was agreed that :
 
(i) Stock be valued at Rs.1,10,000
(ii) Machinery is to be depreciated by 10%
(iii) A provision of doubtful debts is to be made on debtors @ 5%
(iv) Building to be appreciated by 20%.
(v) A liability for Rs.2,500 included in sundry creditors is not likely to arise.
 
Partners agreed that the revised values are to be recorded in the books. They do not, however want to distribute the General Reserve. You are required to prepare Journal entries.
 
16 X and Y are partners in a firm sharing profits and losses in the ratio of 3:2. Their Balance Sheet as at 31st March 2016 was as follows:

CBSE Class 12 Accountancy Sample Paper 2021 Set C Solved 3

They admit Z into partnership on 1st April 2016 and the new profit sharing ratio is agreed at 2:1. It is
estimated that :
(i) Claim on account of Workmen’s Compensation is estimated at Rs.10,000
(ii) Market value of Investments is Rs.46,000.
Give necessary journal entries to adjust accumulated profits and losses.
 
17 A and B are partners in a firm sharing profits and losses in the ratio of 3:2. They admit C as a partner with effect from 1st April, 2017 for 1/5th share. C acquires his share from A and B in the ratio of 2:3. Goodwill of the firm is valued at 5 years’ purchase of Super Profits based on Average Profits of last year 3 years. Average Profit and Normal Profits are Rs.3,50,000 and Rs.2,00,000 respectively. Goodwill already appears in the books at Rs.50,000. C brings in only 60% of his share of firm’s goodwill and Rs.10,00,000 as his capital by bank draft. 50% of the goodwill is withdrawn by the partners. Pass necessary journal entries.
 
18 Amit and Sumit are partners sharing profits and losses in the ratio of 3:2. Firm pays Rs.1,000 per month as salary to their manager, Neha who has deposited Rs.30,000 with the firm carrying interest at 8% p.a. On 1st January, 2016, it was decided to treat Neha as their partner w.e.f 1st January 2012 at 1/5th share in profit. It was decided to treat her deposit as capital carrying interest @ 6% p.a. like capital of other partners. The firm’s profits and losses after above adjustments were as under :

CBSE Class 12 Accountancy Sample Paper 2021 Set C Solved 4

(a) Record the necessary journal entries.
(b) Indicate values involved in this decision
 

Please click on below link to download CBSE Class 12 Accountancy Sample Paper 2021 Set C Solved

2025
CBSE Class 12 Accountancy 2025 Sample Paper Solved Set 1
CBSE Class 12 Accountancy 2025 Sample Paper Solved Set 2
CBSE Class 12 Accountancy 2025 Sample Paper Solved Set 3
CBSE Class 12 Accountancy 2025 Sample Paper Solved Set 4
CBSE Class 12 Accountancy 2025 Sample Paper Solved Set 5
CBSE Class 12 Accountancy 2025 Sample Paper Solved Set 6
CBSE Class 12 Accountancy 2025 Sample Paper Solved Set 7
CBSE Class 12 Accountancy Boards 2025 Sample Paper Solved
2023
CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2023
2022
CBSE Class 12 Accountancy Sample Paper 2022 Set A Solved
CBSE Class 12 Accountancy Sample Paper 2022 Set B Solved
CBSE Class 12 Accountancy Sample Paper 2022 Set C Solved
CBSE Class 12 Accountancy Sample Paper 2022 Set D
CBSE Class 12 Accountancy Term 2 Sample Paper 2022 Set A Solved
2021
CBSE Class 12 Accountancy Boards 2021 Sample Paper Solved
CBSE Class 12 Accountancy Sample Paper 2021 Set A Solved
CBSE Class 12 Accountancy Sample Paper 2021 Set B Solved
CBSE Class 12 Accountancy Sample Paper 2021 Set C Solved
CBSE Class 12 Accountancy Sample Paper 2021 Set D
2020
CBSE Class 12 Accountancy Boards 2020 Sample Paper Solved
CBSE Class 12 Accountancy Sample Paper 2020 Solved Set A
CBSE Class 12 Accountancy Sample Paper 2020 Solved Set B
CBSE Class 12 Accountancy Sample Paper 2020 Solved Set C
CBSE Class 12 Accountancy Sample Paper 2020 Solved Set D
CBSE Class 12 Accountancy Sample Paper 2020 Solved Set E
2019
CBSE Class 12 Accountancy Sample Paper 2019 Set A
CBSE Class 12 Accountancy Sample Paper 2019 Set E
CBSE Class 12 Accountancy Sample Paper 2019 Set F
CBSE Class 12 Accountancy Sample Paper 2019 Solved
CBSE Class 12 Accountancy Sample Paper 2019 Solved Set B
CBSE Class 12 Accountancy Sample Paper 2019 Solved Set C
CBSE Class 12 Accountancy Sample Paper 2019 Solved Set D
2018
CBSE Class 12 Accountancy Sample Paper 2018 Set A
CBSE Class 12 Accountancy Sample Paper 2018 Set B
CBSE Class 12 Accountancy Sample Paper 2018 Set C
CBSE Class 12 Accountancy Sample Paper 2018 Set D
CBSE Class 12 Accountancy Sample Paper 2018 Set E
CBSE Class 12 Accountancy Sample Paper 2018 Set F
2017
CBSE Class 12 Accountancy Sample Paper 2017 Set A
CBSE Class 12 Accountancy Sample Paper 2017 Set B
CBSE Class 12 Accountancy Sample Paper 2017 Set C
CBSE Class 12 Accountancy Sample Paper 2017 Set D
CBSE Class 12 Accountancy Sample Paper 2017 Set E
CBSE Class 12 Accountancy Sample Paper 2017 Set F
2015
CBSE Class 12 Accountancy Sample Paper 2015 Set A
CBSE Class 12 Accountancy Sample Paper 2015 Set B
CBSE Class 12 Accountancy Sample Paper 2015 Set C
CBSE Class 12 Accountancy Sample Paper 2015 Set D
CBSE Class 12 Accountancy Sample Paper 2015 Set E
CBSE Class 12 Accountancy Sample Paper 2015 Set F
CBSE Class 12 Accountancy Sample Paper 2015 Set G
CBSE Class 12 Accountancy Sample Paper 2015 Set H
CBSE Class 12 Accountancy Sample Paper 2015 Set I
2014
CBSE Class 12 Accountancy Sample Paper 2014 Set A
CBSE Class 12 Accountancy Sample Paper 2014 Set B
CBSE Class 12 Accountancy Sample Paper 2014 Set C
CBSE Class 12 Accountancy Sample Paper 2014 Set D
CBSE Class 12 Accountancy Sample Paper 2014 Set E
CBSE Class 12 Accountancy Sample Paper 2014 Set F
CBSE Class 12 Accountancy Sample Paper 2014 Set G
CBSE Class 12 Accountancy Sample Paper 2014 Set H
CBSE Class 12 Accountancy Sample Paper 2014 Set I
CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2014 Set A
CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2014 Set B
CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2014 Set C
2013
CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2013 Set A
CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2013 Set B
CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2013 Set C
CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2013 Set D
CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2013 Set E
CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2013 Set F
2010
CBSE Class 12 Accountancy Sample Paper 2010 Set G
CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set A
CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set B
CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set C
CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set D
CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set E

Important Practice Resources for Class 12 Accountancy

How to download CBSE Class 12 Accountancy Sample Paper 2021 Set C Solved in PDF?

Students can easily download the CBSE Class 12 Accountancy Sample Paper 2021 Set C 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 Sample Paper 2021 Set C 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 Sample Paper 2021 Set C 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 Sample Paper 2021 Set C Solved?

You can download the complete PDF for CBSE Class 12 Accountancy Sample Paper 2021 Set C 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 Sample Paper 2021 Set C Solved?

Yes, CBSE Class 12 Accountancy Sample Paper 2021 Set C 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 Sample Paper 2021 Set C 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 Sample Paper 2021 Set C 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 Sample Paper 2021 Set C Solved on your mobile device.