CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set 04

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Official CBSE Practice Papers for Class 12 Accountancy

Access comprehensive sample question papers for Class 12 Accountancy using the CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set 04. Designed to align with the 2026-27 CBSE academic guidelines, these model papers help students assess their exam readiness and understand current marking schemes.

Solved Model Papers for Accountancy

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Part A

Accounting for Not-for-Profit Organisations, Partnership Firms and Companies


1. Not-for-profit organisations have some distinguishing features from that of profit organisations. State any one of them. 

2. Alka, Barkha and Charu are partners in a firm having no partnership agreement. Alka, Barkha and Charu contributed Rs. 2,00,000, Rs. 3,00,000 and Rs.1,00,000 respectively. Alka and Barkha desire that the profits should be divided in the ratio of capital contribution. Charu does not agree to this. Is Charu correct? Give reasoning. 

3. Give the formula for calculating ‘gaining share’ of a partner in a partnership firm.

4. Pawan and Jayshree are partners. Bindu is admitted for 1/4th share. What is the ratio in which Pawan and Jayshree will sacrifice their share in favour of Bindu? 

5. What is meant by ‘Convertible debentures’? 

6. Show the following information in the Balance Sheet of the Cosmos Club as on 31st March, 2007: 

            Particulars                                            Debit             Credit

                                                                            Rs.             Rs.

Tournament Fund                                                –                 1,50,000
Tournament Fund Investment                             1,50,000      –
Income from Tournament Fund Investment          –                18,000
Tournament Expenses                                           12,000           –
Additional Information :-
Interest Accrued on Tournament Fund Investment Rs. 6,000. 
 
7. Shubh Limited has the following balances appearing in its Balance Sheet :
                                          Rs.
Securities Premium              22,00,000
9% Debentures                    120,00,000
Underwriting Commission     10,00,000
The company decided to redeem its 9% Debentures at a premium of 10%. You are required to suggest the ways in which the company can utilise the securities premium amount. 
 
8. 20,000 Shares of Rs. 10 each were issued for public subscription at a premium of 10%. Full amount was payable on application. Applications were received for 30,000 shares and the Board decided to allot the shares on a pro-rata basis. Pass journal entries. 
 
9. A, B and C are partners in a firm. They have omitted interest on capital @ 10% p.a. for three years ended 31st March, 2007. Their fixed capitals on which interest was to be calculated throughout were:
A     Rs. 1,00,000
B     Rs. 80,000
C     Rs. 70,000 
Give the necessary adjusting journal entry with working notes.
 
10. X, Y and Z were sharing profits and losses in the ratio of 5:3:2. They decided to share future profits and losses in the ratio of 2:3:5 with effect from 1.4.2007. They decided to record the effect of the following, without affecting their book values:-
(i) Profit and Loss Account Rs. 24,000
(ii) Advertisement Suspense Account Rs. 12,000
Pass the necessary adjusting entry.


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Model Practice Papers & Solutions for Class 12 Accountancy

Class 12 Accountancy CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set 04 PDF Download Guide

Explore downloadable sample sets for Class 12 Accountancy. Utilizing the CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set 04 allows learners to gauge exam readiness and master official CBSE assessment structures.

Key Advantages of Solving CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set 04

  • Original Practice Material: Access unique questions for Accountancy designed to challenge your understanding.
  • Self-Assessment: Evaluate scores per set to pinpoint weak zones in Class 12 Accountancy.
  • Exam Completion Skills: Routine problem sets train you to manage test duration efficiently without stress.

Steps to Follow After Completing CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2010 Set 04

  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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