CBSE Class 12 Accountancy Sample Paper SA1 2013

CBSE Class 12 Accountancy Sample Paper SA1 2013.Sample Papers are the very important for every student. The sample papers should be practiced to gain extra marks in examinations. The sample papers have been prepared based on summative assessment1 and summative assessment 2 pattern. The sample papers have been prepared based on pattern of last year examinations and as per latest changes in the syllabus. Students, teachers and parents can download all CBSE educational material and very well prepared worksheets from this website.  All CBSE educational material is developed by our panel of teachers, have also been submitted by CBSE teachers and students. 


Q.1 Which characteristics of partnership forms basis of mutual rights and duties of partners. 

Q.2 How will you calculate interest on drawings when date of withdrawal is not given? 

Q.3 In which account (profit and loss a/c or profit and loss appropriation a/c) interest to a Partners’ loan is written and why?

Q.4 How will you treat accumulated profit/loss at the time of admission of a partner? 

Q.5 Pass journal entry for the recording of deceased partners share of profit from the closure of last balance-sheet till the date of his death.

Q.6 Give one difference between dissolution of firm and dissolution of partnership. 

Q.7 If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total amount withdrawn will be calculated? Explain with the help of an example.

Q.8 a) X and Y were partners in the ratio of 6:4 were admitted with 3/7th share in the profits which he takes 2/7th from A and 1/7th from B. Calculate the new profit sharing ratio of the partners.

b) Sita and Geeta were partners in a firm sharing profits in the ratio of 5:3. Madhu was admitted for 1/6th share which he takes 1/24th from Sita and 1/8th from Geeta.

Calculate the sacrificing ratio of the partners.

Q.9 X and Y are in partnership sharing profits and losses in the ration of 3:2. Z is admitted for 1/4th share. After words W enters for 20 paise in the rupee. Compute the profit sharing ratio of X, Y, Z and W after W’s admission.


A and B were partners in the ratio of 4:1. They admit C for 1/6th share. C brings Rs. 90,000 as his share of goodwill. New ratio of A, B and C was 3:2:1 respectively. Pass necessary journal entries.

Q.10 a) A and B were partners. B met with an accident and died on 1st March, 2013. As per the partnership deed the amount due to the heirs of B was payable in three yearly instalments but A paid the entire amount on 15th March, 2013. Identify the value involved in it. It was paid on the request of the legal heirs of B.

b) Charu and Deepika are partners. They decided to admit Shikha, their handicap unemployed friend into partnership. Identify the value involved in admitting Shikha as a partner.

Q.11 Arun and Arora were partners in a firm sharing profits in the ratio of 5:3. Their fixed capitals as on 1.4.2010 were : Arun Rs. 60,000 and Arora Rs. 80,000. They agreed to allow interest on capital @ 12% p.a. and to charge on drawings @ 15% p.a. The profit of the firm for the year ended 31/3/2011 before all above adjustments were Rs. 12,600.

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