CBSE Class 12 Accountancy Sample Paper SA1 2013

Scroll down for PDF

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Q.7 If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total amount withdrawn will be calculated?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

Please click the below link to access CBSE Class 12 Accountancy Sample Paper SA1 2013.


Click on the text For more study material for Accountancy please click here - Accountancy

Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

Simple tips to Excel in Examinations

We are entering the last quarter of the Academic Session. With examinations just around the corner, I am sure all of us are carrying a mixed bag of Stress, Excitement, and Anxieties!! So, first and foremost- Let’s be Positive and Futuristic! It’s most important to...

CBSE examination board hike the fee for class 10th and 12th

The CBSE (Central Board Secondary Education) increased the examination fees for classes 10 and 12 of the 2020 boards, with no profit no loss principle, from Rs. 750 to Rs 1500, for all categories of students, including SC/ST candidates for all schools throughout India...

JEE in Punjabi too after English, Hindi and Gujarati

Punjab Minister Tript Rajinder Singh Bajwa requested the joint technology entrance exam (main) to be conducted in Punjabi and other regional languages too. In his letter to Union HRD Minister Ramesh Pokhriyal Nishank, the Punjab Minister for Higher Education and...

Studies Today