AHSEC Class 12 Accountancy Question Paper 2025 [AHSEC Class 12 Accountancy Question Papers]

ACCOUNTANCY Question Paper 2025

AHSEC Class 12 Accountancy Question Papers

(For New Course Students)

Full Marks: 80

Pass Marks: 24

Time: Three hours

Q. No. 1 (a) ... 1x4 = 4

Q. No. 1 (b) ... 1x2 = 2

Q. No. 1 (c) ... 1x2 = 2

Q. Nos. 2-7 carry 2 marks each... 2x6 = 12

Q. Nos. 8-11 carry 3 marks each... 3x4 = 12

Q. Nos. 12-15 carry 6 marks each... 6x4 = 24

Q. Nos. 16-18 carry 8 marks each... 8x3 = 24

Total = 80

The figures in the margin indicate full marks for the questions.

1. (a) Fill in the blanks with appropriate word/words: (any four) 1x4=4

(i) New Ratio - Old Ratio =?

(ii) Closing Stock is valued at cost or market price whichever is ______.

(iii) ______ statement is also known as Profit and Loss Account.

(iv) ______ is the extra earning capacity of a partnership firm.

(v) Balance Sheet shows financial ______ of an enterprise.

(b) State whether the following statements are 'True' or ‘False': 1x2=2

(i) Company is an artificial person.

(ii) Debt-Equity ratio is a kind of liquidity ratios.

(c) Choose the correct alternative: 1x2=2

(i) When a new partner is admitted, the increase in the value of assets is debited to:

(a) Profit and Loss Account

(b) Assets Account

(c) Capital account of old partners

(d) None of the above

(ii) As per Companies Act, 2013, the maximum rate of interest on calls-in-arrears is:

(a) 11%

(b) 10%

(c) 6%

(d) 12%

2. Name two types of shares which a company can issue. 2

3. Mention any two items which are recorded on the debit side of Profit and Loss Appropriation Account. 2

4. What is Partner's Current Account? 2

OR

What is meant by guarantee of profit to a partner?

5. What is paid-up capital of a company? 2

OR

What is meant by computerised accounting system?

6. Give two limitations of financial statement analysis. 2

OR

What is data verification?

7. Write two features of cash flow statement. 2

OR

Write two uses of electronic spreadsheet.

8. A, B and C are partners sharing profits in the ratio of 2:2:1 respectively. They admit D as a new partner for 1/6th share in the profits. Calculate the sacrificing ratio. 3

9. Write three uses of financial statement analysis. 3

OR

Seru Ltd. has a liquid ratio of 2:1. The values of inventory, prepaid expenses and current liabilities are Rs. 50,000, Rs. 10,000 and Rs. 2,00,000 respectively. Find out the value of current assets.

OR

Mention the steps for creating graphs using Excel.

10. What is buyback of shares? 3

OR

Give three examples of cash inflow from operating activities.

OR

Write in brief about Accounting Information System (AIS).

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ALSO READ: AHSEC CLASS 12 ACCOUNTANCY QUESTION PAPERS

1. AHSEC CLASS 12 ACCOUNTANCY QUESTION PAPER 2012

2. AHSEC CLASS 12 ACCOUNTANCY QUESTION PAPER 2013

3. AHSEC CLASS 12 ACCOUNTANCY QUESTION PAPER 2014

4. AHSEC CLASS 12 ACCOUNTANCY QUESTION PAPER 2015

5. AHSEC CLASS 12 ACCOUNTANCY QUESTION PAPER 2016

6. AHSEC CLASS 12 ACCOUNTANCY QUESTION PAPER 2017

7. AHSEC CLASS 12 ACCOUNTANCY QUESTION PAPER 2018

8. AHSEC CLASS 12 ACCOUNTANCY QUESTION PAPER 2019

9. AHSEC CLASS 12 ACCOUNTANCY QUESTION PAPER 2020

10. AHSEC CLASS 12 ACCOUNTANCY QUESTION PAPER 2022

11. AHSEC CLASS 12 ACCOUNTANCY QUESTION PAPER 2023

12.AHSEC CLASS 12 ACCOUNTANCY QUESTION PAPER 2024

13.AHSEC CLASS 12 ACCOUNTANCY QUESTION PAPER 2025

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11. Write three distinctions between Revaluation Account and Realisation Account. 3

OR

Why a retiring partner is entitled to a share of goodwill of the firm?

12. Prepare a Comparative Income Statement from the following particulars of BP Ltd. 6

Particulars	2022 (₹)	2023 (₹)
Sales	4,00,000	6,00,000
Cost of Goods Sold	60% of Sales	60% of Sales
Indirect Expenses	5% of Sales	5% of Sales
Rate of Income Tax	50% of Net Profit before tax	50% of Net Profit before tax

OR

Explain the nature of financial statements.

OR

Discuss the features of Database Management System.

13. What is meant by debenture? Explain the types of debentures. 1+5=6

OR

Give journal entries in the books of MB Ltd. for issue and redemption of debentures under the following situations: 2x3=6

(a) ₹4,50,000, 12% Debentures issued at a discount of 5% and redeemable at a premium of 5%.

(b) 10,000, 15% Debentures of ₹100 each issued at a premium of 10% and redeemable at par.

(c) 2,000, 8% Debentures of ₹100 each issued at a discount of 4% and redeemable at par.

14. Explain how the amount due to a retiring partner is ascertained. 6

OR

Babatu, Cintu and Montu were partners in a firm sharing profits and losses in the ratio of their capitals. Their Balance Sheet on 31-03-2022 was as follows:

Balance Sheet

As on 31-03-2022

Liabilities	Amount (₹)	Assets	Amount (₹)
Creditors	3,000	Furniture	8,000
Reserve Fund	3,200	Stock	6,000
Capital :		Debtors	6,000
Babatu	10,000	Bill. Receivable	1,000
Cintu	5,000	Cash	5,200
Montu	5,000
Total	26,200	Total	26,200

Babatu died on 30-06-2022. Under the terms of the partnership deed, the executors of a deceased partner were entitled to:

(i) Amount standing to the credit of deceased partner's capital account.

(ii) Interest on capital @ 5% p.a.

(iii) Share of goodwill on the basis of twice the average of past three years' profits.

(iv) Share of profit from the closing of the last financial year to the date of death on the basis of last year's profits.

Profits for 2019-20, 2020-21 and 2021-22 were ₹6,000, ₹8,000 and ₹7,000 respectively.

Prepare Babatu's capital account on the date of his death.

15. What is meant by dissolution of partnership firm by giving notice? Mention any four situations when a partnership firm may be dissolved by the court. 2+4=6

OR

Tarun and Moni are two equal partners of a business. They decided to dissolve their firm on 31st March, 2023. Their Balance Sheet on that date was as under:

Balance Sheet

As on 31st March, 2023

Liabilities	Amount (₹)	Assets	Amount (₹)
Sundry Creditors	20,000	Cash	2,000
Loan from Manash	5,000	Debtors	20,000
Capitals :		Stock	25,000
Tarun	30,000	Investments	5,000
Moni	20,000	Fixed Assets	23,000
Total	75,000	Total	75,000

(i) Fixed assets are realised at ₹27,600 and debtors realised at 60% of book value.

(ii) Investments are taken over by Tarun at book value.

(iii) Sundry Creditors agreed to accept 15% less.

(iv) Stock are realised at ₹40,000.

(v) Expenses on realisation are ₹500.

(vi) An unrecorded printer realised ₹500.

Close the firm's books by preparing a Realisation Account, Partners' Capital Accounts and Cash Account.

16. Ayushi Ltd. issued 7,000 equity shares of ₹10 each at a premium of ₹2 per share payable as follows: 8

On Application - ₹3

On Allotment - ₹5 (including premium)

On First and Final Call – ₹4

Applications were received for 11,000 shares. The excess money was refunded and the allotment money was received in full. When the first and final call was made the amount due was received with the exception of 200 shares. These 200 shares were forfeited and subsequently reissued as fully paid up for a consideration of ₹6 per share. Give Journal entries in the books of the company recording the transactions.

OR

Write short notes on: (any four) 2x4=8

(a) Under Subscription

(b) Capital Reserve

(c) Pro-rata Allotment

(d) Securities Premium

(e) Convertible Debenture

OR

Write the limitations of Computerised Accounting System.

17. Sikha and Sneha are partners in a firm sharing profits in the ratio of 2:1. On 1st January, 2022, their Balance Sheet was as under: 8

Balance Sheet

As on 1st January, 2022

Liabilities	Amount (₹)	Assets	Amount (₹)
Bills Payable	10,000	Cash in hand	10,000
Creditors	58,000	Cash at bank	40,000
Outstanding Expenses	2,000	Debtors	60,000
Capitals :		Stock	40,000
Sikha	1,80,000	Plant	1,00,000
Sneha	1,50,000	Building	1,50,000
Total	4,00,000	Total	4,00,000

On the above date, they admitted Anisha as a new partner on the following terms:

(i) Anisha will bring ₹1,00,000 as her capital and ₹60,000 as her share of goodwill for 1/4th share in the profits.

(ii) Plant is to be appreciated to ₹1,20,000 and the value of buildings is to be appreciated by 10%.

(iii) Stock is to be valued at ₹36,000.

(iv) A provision for bad and doubtful debts is to be created at 5% of debtors.

(v) Creditors will increase by ₹1,000 as an amount payable to Priyanka for goods purchased on credit was not taken into account.

Prepare Revaluation Account, Pass Journal Entries and prepare the Balance Sheet of the new firm.

OR

(i) Distinguish between Fixed Capital Account and Fluctuating Capital Account. 5

(ii) How the adjustment of capitals is made at the time of admission of a new partner? 3

18. Following is the Trial Balance of Arnab and Anvi as on 31st March, 2023: 8

Trial Balance

As on 31st March, 2023

Particulars	Debit (₹)	Credit (₹)
Salary	16,000
Outstanding Wages		400
Taxes	800
Bad Debts Provision		1,400
General Expenses	1,000
Bills Payable		42,400
Bills Receivable	1,800
Sundry Creditors		13,200
Debtors	42,800
Charity	1,400
Gross Profit (Trading Account)		1,24,600
Investment	30,000
Discount	1,000
Bank Balance	15,000
Commission		400
Cash in hand	600
Machinery	3,00,000
Furniture	8,000
Drawings :
Arnab	12,000
Anvi	8,000
Copyright	10,000
Capital :
Arnab		2,40,000
Anvi		1,60,000
Closing Stock	20,000
Building	1,35,000
Reserve Fund		19,000
Total	6,02,400	6,02,400

Prepare Profit and Loss Account, Profit and Loss Appropriation Account for the year ended 31st March, 2023 and a Balance Sheet as on that date after taking into consideration of the following adjustments:

(i) Partners are entitled to interest on capital at 5% p.a.

(ii) Transfer 10% of net profits to Reserve Fund.

(iii) Bad debts provision has to be increased to 5% on Debtors.

(iv) Interest on Investment accrued ₹500.

(v) Depreciate Machinery @10%.

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