CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2014 Set 03

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Sample Question 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 2014 Set 03. Designed to align with the 2026-27 CBSE academic guidelines, these model papers help students assess their exam readiness and understand current marking schemes.

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Part A

(Accounting for not for Profit Organizations, Partnership Firms & Companies)


1. What is the basis for preparing an Income and Expenditure Account in the case of Not-for-Profit Organizations. 

2. Distinguish between Fixed and Fluctuating Capital Accounts. 

3. State the two main rights that a newly admitted partner acquires in the firm.

4. How does the market situation affect the value of goodwill of a firm ? 

5. Pass the necessary Journal entry when 10,000 debentures of Rs. 100 each are issued as collateral security against a Bank loan of Rs. 8,00,000. 

6. From the following information of a club show the amounts of match expenses and match fund in the Financial Statements of the Club for the years ended on 31st March, 2009 and 31st March, 2010.

    Details                                                                                                     Amount Rs.
Match expenses (paid during the year 2009 - 2010)                                              30,000
Match Fund (as on 31-3-2009)                                                                            17,000
Donation for Match Fund (Received during the year 2009-2010)                             9,000
Proceeds from the sale of match tickets (Received during the year 2009-2010)       3,000
 
7. Y Ltd. purchased furniture costing Rs. 1,35,000 from A. B. Ltd. The payment was made by issue of Equity Shares of Rs. 10 each at a discount of Rs. 1 per share. Pass necessary Journal entries in the books of Y Ltd. 3
 
8. X Ltd. redeemed 100, 6% Debentures of Rs. 100 each by converting them into Equity Shares of Rs. 100 each. The 6% Debentures were redeemable at 10% premium for which the Equity Shares were issued at 25% premium. Pass the necessary Journal entries for the redemption of above mentioned debentures in the books of X Ltd.

9. A business has earned average profits of Rs. 1,00,000 during the last few years and the normal rate of return in similar business is 10%. Find out the value of Goodwill by

(i) Capitalisation of super profit method and
(ii) Super profit method if the goodwill is valued at 3 years purchase of super profit.
The assets of the business were Rs. 10,00,000 and its external liabilities Rs. 1,80,000. 
 
10. Pass the necessary Journal entries for the issue and redemption of Debentures in the following cases:
(i) 10,000,10% Debentures of Rs. 120 each issued at 5% premium, repayable at par.
(ii) 20,000, 9% Debentures of Rs. 200 each issued at 20% premium, repayable at 30% premium.


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Exam Preparation Sample Paper for Class 12 Accountancy CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2014 Set 03

Class 12 Accountancy CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2014 Set 03 PDF Download Guide

Explore downloadable sample sets for Class 12 Accountancy. Utilizing the CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2014 Set 03 allows learners to gauge exam readiness and master official CBSE assessment structures.

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  • 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.

How to Analyze Your Performance in CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2014 Set 03

  1. Verify Answers: Compare your responses against professional teacher solutions provided in the sample paper keys.
  2. Error Analysis: Class 12 learners must review incorrect answers carefully to understand underlying mistakes.
  3. Concept Reinforcement: Consult the official NCERT book for Class 12 Accountancy when stuck before re-attempting problems.

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