CBSE Class 12 Accountancy Worksheet Set I Solved

Read and download free pdf of CBSE Class 12 Accountancy Worksheet Set I Solved. Download printable Accountancy Class 12 Worksheets in pdf format, CBSE Class 12 Accountancy All Chapters Worksheet has been prepared as per the latest syllabus and exam pattern issued by CBSE, NCERT and KVS. Also download free pdf Accountancy Class 12 Assignments and practice them daily to get better marks in tests and exams for Class 12. Free chapter wise worksheets with answers have been designed by Class 12 teachers as per latest examination pattern

All Chapters Accountancy Worksheet for Class 12

Class 12 Accountancy students should refer to the following printable worksheet in Pdf in Class 12. This test paper with questions and solutions for Class 12 Accountancy will be very useful for tests and exams and help you to score better marks

Class 12 Accountancy All Chapters Worksheet Pdf

1. Distinguish between ‘Dissolution of Partnership’ and ‘Dissolution of Partnership firm’ on the basis of closure of books.
 
2. Why is ‘Realisation Account’ prepared? 
 
3. Following is the Balance Sheet of Sunita, Rashi and Seema who are sharing profits in the ratio 2:1:2 as on 31st March 2017.

CBSE Class 12 Accountancy Worksheet Set I Solved 1

Sunita died on 30th September 2017. She had withdrawn 44,000 from her capital on July 1, 2017. According to the partnership agreement, she was entitled to interest on capital @8% p.a. Her share of profit till the date of death was to be calculated on the basis of the average profits of the last three years. Goodwill was to be calculated on the basis of three times the average profits of the last four years. The profits for the years ended 2012-2013, 2013-14, 2014-15 and 2015-16 were Rs. 1,20,000 Rs. 30,000, Rs. 70,000 and Rs. 80,000 respectively. Prepare Sunita’s account to be rendered to her executors.
 
4. X, Y and Z are partners in a firm sharing profits in proportion of 3:2:1 respectively.
 
The Balance Sheet as on April 1, 2018 was as follows:-

CBSE Class 12 Accountancy Worksheet Set I Solved 2

Z retires from the business and the partners agree that: (a) Machinery has to be depreciated by 10%. (b) Provision for bad debts has to be increased to Rs. 1,500. (c) Furniture was taken over by Z for Rs. 14,000. (d) Goodwill is valued at Rs. 21,000 on Z’s retirement. (e) The continuing partners’ have decided to adjust their capitals in their new profit sharing ratio after retirement of Z. Surplus or deficit if any, in their capital accounts will be adjusted through their current accounts. Prepare Revaluation A/c and Partners’ Capital A/c’s.
 
5. Prashant and Rajesh were partners in a firm sharing profits in the ratio of 3 : 2. In spite of repeated reminders by the authorities, they kept dumping hazardous material into a nearby river. The court ordered for the dissolution of their partnership firm on 31st March 2018. Parshant was deputed to realise the assets and to pay the liabilities. He was paid Rs.1,000 as commission for his services. The financial position of the firm on 31st March 2018 was as follows:

CBSE Class 12 Accountancy Worksheet Set I Solved 3

Following was agreed upon:
(i) Prashant agreed to pay off his wife’s loan.
(ii) Debtors realized Rs.24,000
(iii) Rajesh took away all investments at Rs.27,000.
(iv) Building realized Rs.1,52,000.
(v) Creditors were payable after 2 months. They were paid immediately at 10% discount.
(vi) Bills receivable were settled at a loss of Rs.1,400.
(vii) Realisation expenses amounted to Rs.2,500.
Prepare Realisation A/c, Partners Capital A/c and Cash A/c and identify the value being conveyed.


Please click on below link to download CBSE Class 12 Accountancy Worksheet Set I Solved

Part 2 Chapter 03 Financial Statements of a Company
CBSE Class 12 Accountancy Financial Statements of A Company Worksheet

All Chapters CBSE Class 12 Accountancy Worksheet

The above practice worksheet for All Chapters has been designed as per the current syllabus for Class 12 Accountancy released by CBSE. Students studying in Class 12 can easily download in Pdf format and practice the questions and answers given in the above practice worksheet for Class 12 Accountancy on a daily basis. All the latest practice worksheets with solutions have been developed for Accountancy by referring to the most important and regularly asked topics that the students should learn and practice to get better scores in their examinations. Studiestoday is the best portal for Printable Worksheets for Class 12 Accountancy students to get all the latest study material free of cost. Teachers of studiestoday have referred to the NCERT book for Class 12 Accountancy to develop the Accountancy Class 12 worksheet. After solving the questions given in the practice sheet which have been developed as per the latest course books also refer to the NCERT solutions for Class 12 Accountancy designed by our teachers. After solving these you should also refer to Class 12 Accountancy MCQ Test for the same chapter. We have also provided a lot of other Worksheets for Class 12 Accountancy which you can use to further make yourself better in Accountancy.

Where can I download latest CBSE Practice worksheets for Class 12 Accountancy All Chapters

You can download the CBSE Practice worksheets for Class 12 Accountancy All Chapters for the latest session from StudiesToday.com

Are the Class 12 Accountancy All Chapters Practice worksheets available for the latest session

Yes, the Practice worksheets issued for All Chapters Class 12 Accountancy have been made available here for the latest academic session

Is there any charge for the Practice worksheets for Class 12 Accountancy All Chapters

There is no charge for the Practice worksheets for Class 12 CBSE Accountancy All Chapters you can download everything free

How can I improve my scores by solving questions given in Practice worksheets in All Chapters Class 12 Accountancy

Regular revision of practice worksheets given on studiestoday for Class 12 subject Accountancy All Chapters can help you to score better marks in exams

Are there any websites that offer free Practice test papers for Class 12 Accountancy All Chapters

Yes, studiestoday.com provides all the latest Class 12 Accountancy All Chapters test practice sheets with answers based on the latest books for the current academic session