CBSE Class 12 Accountancy 2025 Sample Paper Solved Set 7

Read and download PDF of CBSE Class 12 Accountancy 2025 Sample Paper Solved Set 7 designed as per the latest curriculum and examination pattern for Class 12 issued by CBSE, NCERT and KVS. The latest Class 12 Accountancy Sample Papers have been provided with solutions so that the students can solve these practice papers and then compare their answers. This will help them to identify mistakes and improvement areas in Accountancy Class 12 which they need to study more to get better marks in Class 12 exams. After solving these guess papers also refer to solved Class 12 Accountancy Question Papers available on our website to build strong understanding of the subject

Sample Paper for Class 12 Accountancy Pdf

Students can refer to the below Class 12 Accountancy Sample Paper designed to help students understand the pattern of questions that will be asked in Class 12 exams. Please download CBSE Class 12 Accountancy 2025 Sample Paper Solved Set 7

Accountancy Class 12 Sample Paper

1 X and Y are partners. Y draws a fixed amount at the beginning of every month. Interest on drawings is charged @8% p.a. At the end of the year interest on Y’s drawings amounts to ₹ 2,600. Monthly drawings of Y were:
a) ₹ 8,000
b) ₹ 60,000
c) ₹ 7,000
d) ₹ 5,000
                                                                                      OR
Vaibhavi, a partner withdrew ₹ 5,000 in the beginning of each quarter and interest on drawings was calculated as ₹ 1,500 at the end of accounting year 31 March 2022. What is the rate of interest on drawings charged?
a) 6% p.a.
b) 8% p.a.
c) 10% p.a.
d) 12% p.a.

Answer : d or d

2 Assertion a):- Commission provided to partner is shown in Profit and Loss A/c. Reason (R):- Commission provided to partner is charge against profits and is to be provided at fixed rate.
a) a) is correct but (R) is wrong
b) Both a) and (R) are correct, but (R) is not the correct explanation of a)
c) Both a) and (R) are incorrect.
d) Both a) and (R) are correct, and (R) is the correct explanation of a)

Answer : c

3 A firm earns ₹1,00,000. The normal rate of return is 10%. The assets of the company amounted to ₹11,00,000 and liabilities to ₹1,00,000. Value of goodwill by the capitalisation of average actual profit will be
a) ₹ 2,00,000
b) ₹ 10,000
c) ₹ 5,000
d) ₹ 1,00,000

Answer : d

4 X, Y and Z are partners in a firm sharing profits in the ratio of 3 : 2 : 1.
They decided to share future profits equally. The Profit and Loss Account showed a Credit balance of ₹60,000 and a General Reserve of ₹30,000. If these are not to be shown in balance sheet, in the journal entry:

a) Cr. X by ₹15,000: Dr. Z by ₹15,000
b) Dr. X by ₹15,000; Cr. Z by ₹15,000
c) Cr. X by ₹45,000; Cr. Y by ₹30,000; Cr. Z by ₹15,000
d) Cr. X by ₹30,000; Cr. Y by ₹30,000; Cr. Z by ₹30,000

Answer : c

5 A and B are sharing profits and losses in the ratio 5 : 3. They admitted C as a partner and gave him 1/5th share of the profits. He acquired his share equally from A and B. New profit-sharing ratio will be:
a) 5 : 6 : 3
b) 2 : 4 : 6
c) 21 : 11 : 8
d) 18 : 24 : 38

Answer : c

6 A and B are partners sharing profits and losses in the ratio of 5 : 3 . On admission, C brings Rs.70,000 as cash and Rs.43,000 against Goodwill. New profit ratio between A, B and C is 7: 5: 4. The sacrificing ratio of A and B is:
a) 3 : 1
b) 1 : 3
c) 4 : 5
d) 5 : 9

Answer : a

 

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CBSE Class 12 Accountancy 2025 Sample Paper Solved Set 7

We hope you liked the above provided CBSE Class 12 Accountancy 2025 Sample Paper Solved Set 7. To get an understanding of the type of questions which were asked in exams, it is important for Class 12 students to understand the way sample Paper are set by teachers. Students can download the Sample Paper for Class 12 Accountancy which will be coming in the exams so that you can practise them and solve all types of questions that can be asked in exams. By doing CBSE Class 12 Accountancy 2025 Sample Paper Solved Set 7 you will understand the regular questions and MCQ questions for Class 12 Accountancy which are always asked. You can download CBSE Class 12 Accountancy Sample Paper and Class 12 Accountancy Question Papers in PDF. You should attempt all the last year question paper for Class 12 and Class 12 Accountancy MCQ Test in examination conditions at home and then compare their answers with the solutions provided by our teachers.

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