CBSE Class 12 Accountancy Cash Flow Statement VBQs

Official CBSE VBQs for Class 12 Accountancy

Explore authentic value-based practice materials through the CBSE Class 12 Accountancy Cash Flow Statement VBQs. Tailored for Class 12 learners, utilizing these Accountancy VBQs ensures thorough preparation and strengthens moral reasoning skills before final CBSE evaluations.

Competency-Based Practice for Accountancy

View or download the dedicated CBSE Class 12 Accountancy Cash Flow Statement VBQs resource below. Engaging with these value-based scenarios ensures continuous academic progress and mastery of the 2026-27 exam format.

ACCOUNTANCY

VALUE BASED QUESTIONS

FUNDAMENTALS


Question. A, B and C are partners sharing profits in the ratio 3:2:1 and contribute capital Rs. 1, 00,000; Rs. 80,000 and Rs. 60,000 respectively. Profit before adjustments is Rs. 84,000. Interest on capital is to be provided @ 10% p.a. Since C has to take care of his physically challenged brother, his share of profit should not be less than Rs. 15,000. A and B have agreed to bear the deficiency.

Contextual: Prepare Profit and Loss Appropriation Account.

Value Based: What values are reflected on the part of A and B that they are ready to sacrifice their share to meet the deficiency of guaranteed profit? 

Value Points:

Compassionate

Sacrificing nature

Contentment

Commitment

ADMISSION OF A PARTNER

Question. A & B are partners sharing profits in the ratio 1:1. C wants to join their firm as it enjoys a good reputation in the industry. A and B were initially reluctant to his admission but agreed to admit him for 1/5th share in profits. For this, they ask him to pay an unreasonable amount of goodwill in cash irrespective of his share in the profits.

Contextual: Compute Sacrificing ratio and New Profit sharing ratio. 

Value Based: What values are being overlooked by the firm at the time of C’s admission? 

Value Points:

Respect for Professional ethics

Integrity

Fairness

Considerate

RETIREMENT OF A PARTNER

Question. Ram, Ramesh and Rajesh are partners in a business sharing profits and losses in the ratio 3:2:1. Rajesh retires and both the existing partners agree to share profits in the ratio 2:1 .Later Rajesh requests the other partners that his physically challenged son should be inducted as a partner in his place. After discussing it amongst themselves both the partners, Ram and Ramesh agree to take his son as a partner.

Contextual: Calculate the gaining ratio on Rajesh’s retirement 

Value Based: Which values have been taken into consideration while taking Rajesh’s son as a partner? 

Value Points:

Compassion

Socially responsible behaviourMutual Cooperation

Equal Opportunity to all

Question. A, B and C are partners carrying on an illegal business without forming a partnership deed. C wants to retire but A and B are not willing to give his share. Their profit sharing ratio is 3:2:1.
 
Value Based
 
Identify the values which should have been incorporated while formulating partnership.
 
Value Points
 
Respect for law
 
Righteous behaviour
 
Responsibility towards society
 
DEATH OF A PARTNER
 
Question. A, B and C are partners in a firm. B died on 28 February, 2010. On his death, his wife (legalexecutor) needs money for her son’s operation next week. His share of profit was to be calculated on the basis of last three years’ average profits. The profits were 2007- Rs.10, 000; 2008- Rs.15,000 and 2009- Rs 20,000. Goodwill is calculated on the basis of 2 years’ purchase of last three years’ average profit. The firm decides to settle the executor’s account immediately and absorb his wife as an employee in the firm.
 
Contextual
 
Calculate the amount payable to his legal executor.
 
Value Based
 
Which value is exhibited in the firm’s decision? 
 
Value Points
 
Concern for the bereaved wife and family
 
Sympathy
 
Humanity
 
Fairness
 
Question. Mr.Ramesh had personal assets worth Rs. 10, 00,000 and liabilities to be paid worth Rs. 4,00,000 (borrowed money from his friend). Mr. Ramesh dies & his son Ram decides to give equal
share to his sisters and pay off the liability immediately.
 
Value Based
 
What values does Ram exhibit by taking this decision? 
 
Value Points
 
Honesty
 
Responsibility
 
Equal status to women in family
 
Prompt in discharging obligations
 
ISSUE OF SHARES
 
Question. Springs ltd decided to set up a handicraft based export oriented unit in a remote area of Bihar. Their business model involves sourcing of raw materials from neighbouring villages. For
this purpose a prospectus was issued inviting applications for 50,000 shares of Rs 10 each fully payable on application. Applications were received for 75,000 shares allotment was made on prorata basis to all the applicants.
 
Contextual
 
Give necessary journal entries.
 
Value Based
 
Which values are being considered by the management of Spring Ltd. in setting up this unit?
 
Value Points
 
Generating employment opportunities in backward areas. (by setting up unit in remote area),
 
Promoting balanced regional development
 
Promoting craft based industry
 
Equality (Pro rata allotment to all applicants)
 
 
ANALYSIS OF FINANCIAL STATEMENTS
 
Question. Preeti Ltd. has a pending suit in court. Incase the ruling goes in favour of other party, compensation of Rs. 10,00,000 will be payable by Preeti Ltd. The management decides not to disclose this fact in the financial statement. Satish, an employee is not in favour of this decision and tries to convince the management to change their decision.
 
Contextual
 
What values do you think are lacking in company’s decision?
 
Value Based
 
Suggest the most suitable way for company to deal with this situation. 
 
Value Points
 
Honesty
 
Responsibility towards other stakeholders
 
Adherence to principles of accounting.
 
CASH FLOW STATEMENT
 
Question. ABC Ltd. acquired a land of Rs. 20 crores & gave it on a very nominal rent to a school for blind children.
 
Contextual
 
How will you record it in cash flow statement? 
 
Value Based
 
Mention the social values which are reflected in this decision of ABC Ltd. 
 
Value Points
 
Concern,
 
Compassion
 
Social responsibility Sensitivity towards differently abled.
 
Question. Mr. X, purchase manager of a company was entrusted with the responsibility of purchasing machinery. The machinery was worth Rs. 1 crore in the market .However X purchased it from his brother in law in lieu of shares in the company worth Rs.1.5 crore as purchase consideration.
 
Contextual
 
Under which activity (in cash flow statement) will you classify the transactions stated in the above case? 
 
Value Based
 
State the values that are being ignored by the company as indicated in the above case. 
 
Value Points:
 
Transparency
 
Honesty
 
Responsibility
 
Morality

Free study material for Accountancy

Moral and Ethical Questions: Class 12 Accountancy Part 2 Chapter 06 Cash Flow Statement

Moral Practice Exercises: Class 12 Accountancy Part 2 Chapter 06 Cash Flow Statement

Review important VBQs for Part 2 Chapter 06 Cash Flow Statement tailored for Class 12 learners. These structured exercises highlight core values and practical concepts essential for high-scoring exam performance.

NCERT-Aligned VBQ Solutions

Built using the official NCERT book for Class 12 Accountancy, these solved problem sets provide reliable guidance. Cross-reference your answers with our expert-verified keys for complete conceptual clarity.

Complete Your Chapter Revision

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FAQs

Where can I find 2026-27 CBSE Value Based Questions (VBQs) for Class 12 Accountancy Part 2 Chapter 06 Cash Flow Statement?

The latest collection of Value Based Questions for Class 12 Accountancy Part 2 Chapter 06 Cash Flow Statement is available for free on StudiesToday.com. These questions are as per 2026 academic session to help students develop analytical and ethical reasoning skills.

Are answers provided for Class 12 Accountancy Part 2 Chapter 06 Cash Flow Statement VBQs?

Yes, all our Accountancy VBQs for Part 2 Chapter 06 Cash Flow Statement come with detailed model answers which help students to integrate factual knowledge with value-based insights to get high marks.

What is the importance of solving VBQs for Class 12 Part 2 Chapter 06 Cash Flow Statement Accountancy?

VBQs are important as they test student's ability to relate Accountancy concepts to real-life situations. For Part 2 Chapter 06 Cash Flow Statement these questions are as per the latest competency-based education goals.

How many marks are usually allocated to VBQs in the CBSE Accountancy paper?

In the current CBSE pattern for Class 12 Accountancy, Part 2 Chapter 06 Cash Flow Statement Value Based or Case-Based questions typically carry 3 to 5 marks.

Can I download Accountancy Part 2 Chapter 06 Cash Flow Statement VBQs in PDF for free?

Yes, you can download Class 12 Accountancy Part 2 Chapter 06 Cash Flow Statement VBQs in a mobile-friendly PDF format for free.