Super 20 Accountancy Sample Paper for Class 12

About Super 20 Sample Paper Accountancy Class 12

Super 20 accountancy Sample Paper for class 12 are designed in accordance with the pattern specified by the CBSE for the Examination. This book consists of 20 Solved Different types of questions. These papers give you an idea about how your real Board Examination Question Paper will look in terms of difficulty level, marks distribution, sections, number & type of questions, time and duration.

Why to Practice Super 20 Accountancy Sample Paper?

Super 20 Accountancy Sample Papers help you to get into the real exam-type feeling. As this question paper is exactly similar to the CBSE sample papers, you will find it very useful to analyze how much time you need to answer each question, what should be your writing strategy and how to finish it in given time. The more you practice, the more efficiency level you achieve. It matters a lot. Most of the time, you know the answers but you miss it only because of bad time management.

Students are advised to solve all these Sample Papers and refer their answers to the Marking Scheme to assess their level of preparation for CBSE Board Examination. All these questions are very important for forthcoming CBSE Board Examination.

Some Questions from Super 20 Sample Paper Accountancy Class 12

  1. Which account is debited when liabilities already transferred to realisation account, are paid in cash? (1)

  2. What is meant by issue of shares at Par? (1)

  3. Why should a firm have a partnership deed? (1)

  4. When an asset is taken over by a partner, why is his capital account debited? (1)

  5. Pass the necessary journal entries for the issue and redemption of debentures in the following cases:
    (i) 10,000, 10% debentures of ₹100 each issued at 20% premium, repayable at par.
    (ii) 20,000, 9% debentures of ₹200 each issued at 20% premium, repayable at 30%        premium. (3)

  6. A and B were partners in a firm sharing profits and losses in the ratio of 5 : 3. They admitted C as a new partner. A surrendered 1/3rd of his share in favour of C and B surrendered 1/4th of his share in favour of C. C brought ₹1,50,000 for his capital and ₹ 58,000 for his share of goodwill. Calculate new profit sharing ratio of A, B and C, sacrificing ratio of A and B and pass necessary journal entries for the above transaction on C’s admission. (4)

  7. Meena Ltd. issues 6,000 shares of ₹10 each at a Premium of ₹ 2 per share payable at ` 3 on application, ₹5 (including premium) on allotment and the balance on 1st and final call. Application were received for 102000 shares. The director resolved to allot as follows:
    (A) Applicants of 60,000 shares 3,000 shares
    (B) Applicants of 40,000 shares 3,000 shares
    (C) Applicants of 2,000 shares Nil
    Nikhil, who had applied for 1000 shares in category A and Vishu who was allotted 600 shares in category B failed to pay the allotment money. Calculate the amount received on allotment. Also find the value involved in this questions. (6)

  8. Som Ltd. invited applications for issuing 60,000 equity shares of 100 ₹each at a premium of ₹50 per share. The amount was payable as follows:
    On application – ₹75 per share (including premium ₹25)
    On allotment – ₹50 per share (including premium ₹25)
    On first and final call — the balance amount.
    Applications for ₹55,000 shares were received. Allotment was made to all the applicants and the company received all money due on allotment except K who was allotted 500 shares and his shares were immediately forfeited. Afterwards, the first and final call was made. L to whom 300 shares were allotted failed to pay the first and final call. His shares were also forfeited. 300 shares of K and 200 shares of L were re-issued for ₹75,000 fully paid up.
    Pass necessary journal entries in the books of Som Ltd. for the above transactions. (8)