CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2013 Set 01

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Class 12 Accountancy Solved Model Papers: CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2013 Set 01

Access comprehensive sample question papers for Class 12 Accountancy using the CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2013 Set 01. 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’

1. Rita, Sita and Teena are partners in a firm and do not have a partnership agreement. Teena had given a loan of Rs. 10,000 to the firm and expects an interest @ 10% for the loan. The other partners do not agree to this. Should Teena be given interest at the desired rate? Give reason. 

2. X, Y & Z are partners. Y retires and the new profit sharing ratio is 2 : 1. Calculate the gaining ratio of X & Z. 

3. State any two reasons for Dissolution of a Firm. 

4. When is ‘Revaluation Account’ prepared? 

5. State at least one way in which the amount of Securities Premium can be used by the Company. 

6. What is meant by ‘Over Subscription’? 

7. When is ‘Debenture Redemption Reserve’ created? 

8. A, B and C are partners in a firm. When the Accounts were closed on 31st March, 2012, it was found that Interest on Capital was allowed @ 4% instead of 6%p.a. The capitals of partners were: A Rs.1,00,000 B Rs.80,000 C Rs.60,000 

Give the necessary adjusting entry with proper workings.

9. On 1st January, 2009 R Ltd has Rs. 25,00,000 as Debenture Redemption Reserve. The company has to redeem its 12% Debentures at the end of 2009 worth Rs.90,00,000. Pass journal entries to record the redemption of debentures. 

10. Pass necessary journal entries of ‘Issue of debentures’ for the following:
(i) S Ltd issued 150, 15% Debentures of Rs 100 each at a discount of 10% redeemable at a premium of 10%.
(ii) J Ltd issued 600, 9% Debentures of Rs. 100 each at a premium of Rs 10 per Debenture, redeemable at par
 
11. Anand and Sonu were childhood friends and colleagues in a company who were thinking of starting something of their own someday. On 1st Jan, 2011 they thought of starting a stationery depot for the financially backward children of their area.
They also admitted Manoj a differently abled educated youth who was unemployed as a partner of their firm without any capital contribution. Sonu also approached Rohit Kaul from Jammu, who was also eager to start something of this sort having lot of funds at his disposal, and persuaded him to join them.
The following terms where agreed upon:
 
i) Anand, Sonu and Rohit will contribute 30,000; 50,000 and 4,00,000 respectively as capital.
 
ii) Profit will be shared equally.
 
iii) Interest on capital will be allowed @ 5% p.a.
 
The Profits of the firm for the year ended 31st Dec 2011 were 50,000.
 
a) Identify any two values which according to you motivated them to start the partnership firm. 
 
b) Prepare Profit & Loss Appropriation Account of the firm for the year ending 31st Dec 2011.


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Download Sample Paper: CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2013 Set 01 (Class 12 Accountancy)

Access structured sample papers for Class 12 Accountancy. Solving the CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2013 Set 01 provided above helps students understand official exam blueprints and tackle anticipated question formats with confidence.

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Steps to Follow After Completing CBSE Class 12 Accountancy Sample Paper with Marking Scheme 2013 Set 01

  1. Self-Evaluation: Score your answers using official guidance to track your academic progress.
  2. Mistake Correction: Class 12 pupils must re-solve questions answered incorrectly to master the correct method.
  3. Continuous Practice: Take additional Accountancy sample modules online to maximize preparedness for CBSE evaluations.

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