Class 12 Accountancy Solved Model Papers: CBSE Class 12 Accountancy Sample Paper 2014 Set 03
Access comprehensive sample question papers for Class 12 Accountancy using the CBSE Class 12 Accountancy Sample Paper 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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View or download the dedicated CBSE Class 12 Accountancy Sample Paper 2014 Set 03 resource below. Engaging with these sample papers under timed conditions ensures continuous academic progress and mastery of the 2026-27 exam format.
1. No interest on capital is allowed.
2.a.Efficient Management.
b. Favourable location
3. Realisation a/c Dr
To Partner’s Capital.
4. A= 4/7-3/7=1/7
B=3/7-1/7=2/7
A:B=1:2. (1)
5. The amount not received on allotment or on calls is called ‘Calls in arrear.’
6. The shares are said to be undersubscribed if the number of shares applied for is less than the number of shares offered to public for subscription.
7. Irredeemable debentures are those debentures that are not repayable during the lifetime of the company and hence will be repaid only when the company goes into liquidation.
8. Capitalised value of profit=60,000*100/10=6,00,000
Capital employed=4,80,000
Goodwill= 6,00,000-4,80,000=1,20,000
9. (i)Bank Dr 28,50,000
To Debenture application and allotment a/c 28,50,000
(Being debentures issued)
(ii)Deb.appli.&allotment a/c Dr 28,50,000
Discount on issue of debentures a/c Dr 1,50,000
To Debentures a/c 30,0000
(Being application money transferred )
10. (i) Assets Dr 7,00,000
Goodwill a/c Dr 20,000
To Liabilities 60,000
To W Ltd 6,60,000
(Being purchase of Business)
(ii) W Ltd Dr 6,60,000
To share Capital 6,00,000
To Securities Premium 60,000
(Being Purchase consideration given as shares
Issued at premium) (3)
11.(i) Realisation a/c Dr 34,000
To Bank a/c 34,000
(Being bank loan paid)
(ii) T’s capital a/c Dr 70,000
To Realisation 70,000
Please click the below link to access CBCBSE Class 12 Accountancy Sample Paper 2014 Set C
Free study material for Accountancy
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Access structured sample papers for Class 12 Accountancy. Solving the CBSE Class 12 Accountancy Sample Paper 2014 Set 03 provided above helps students understand official exam blueprints and tackle anticipated question formats with confidence.
Maximize Your Scores with Model Papers
- Curriculum Insights: Clarify chapter-wise weightage rules and question trends across Class 12.
- Gap Analysis: Check performance drops across sets to isolate specific Class 12 Accountancy topics needing extra attention.
- Time Efficiency: Working through objective and descriptive problems builds critical pacing to finish exams comfortably.
How to Analyze Your Performance in CBSE Class 12 Accountancy Sample Paper 2014 Set 03
- Verify Answers: Compare your responses against professional teacher solutions provided in the sample paper keys.
- Error Analysis: Class 12 learners must review incorrect answers carefully to understand underlying mistakes.
- Concept Reinforcement: Consult the official NCERT book for Class 12 Accountancy when stuck before re-attempting problems.
FAQs
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Yes, CBSE Class 12 Accountancy Sample Paper 2014 Set 03 comes with detailed, teacher-verified solutions. We have provided step-by-step answers for Accountancy to help students of Class 12 understand correct methodology and marking scheme.
Practicing this Accountancy paper helps in time management and identifying important topics. For Class 12, solving mock papers is the best way to gain confidence and reduce exam-day anxiety.
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