CBSE Class 12 Accountancy Exam 2026 Repeated Questions

CBSE Class 12 Accountancy Exam 2026 Repeated Questions helps in learning about the important topics from where the questions can be asked in the final paper. For Accountancy, it is important that you practice regularly and learn about the accurate way to answer the questions. Since it is mostly numerical-based, you need to practice as many questions as possible for a complete run-down of the curriculum. The accountancy paper will be conducted for 80 marks with MCQs, very short answer type questions, short answer type questions, etc. The most important chapter in the curriculum is Shares and Debentures, along with Partnerships, so make sure to work on those. You can check the CBSE Class 12 Accountancy Weightage 2026 here to check the topic-wise marking scheme. To learn about the question paper pattern, you can also download the CBSE Class 12 Accountancy Exam Pattern 2026 . Check out some CBSE Class 12 Accountancy Exam 2026 Repeated Questions below.

CBSE Class 12 Accountancy Exam 2026 Repeated Questions

Accountancy can be a little complicated since it has a lot of different topics and chapters to be covered in a limited time. Below, we have provided some important yet repeated questions from 12th Class Accountancy. Make sure to solve these questions regularly:

Question 1. Renu, Trilok, and Mansi were partners in a firm sharing profits and losses in the ratio of 9:6:5. Hina was admitted as a partner for a 1/10th share in the profits, which she acquired equally from Renu and Trilok. The new profit-sharing ratio after Hina's admission will be :

(A) 5:5:2:8

(B) 5:5:8:2

(C) 8:2:5:5

(D) 8:5:5:2

Question 2. Sheetal Ltd. purchased a building worth 2,50,000, Plant and Machinery worth 2,00,000, Furniture worth 40,000, and took over the liabilities of 30,000 from Poonam Ltd. for a purchase consideration of ₹ 4,40,000. The purchase consideration was paid by issuing 12% Debentures of 100 each at a premium of 10%. Pass the necessary journal entries in the books of Sheetal Ltd. to record the above transactions.

Question 3. Asha and Babita were partners in a firm. Their capitals were 15,00,000 and 10,00,000, respectively. The normal rate of return was 15%. The profits of the last four years were:

2019-20 2,50,000

2020-21 (50,000)

2021-22 8,00,000

2022-23 5,00,000 The closing stock for the year 2022 - 23 was undervalued by 1,00,000. Goodwill is to be valued at two years' purchase of the last four years' average super profits. Calculate the value of goodwill.

Question 4. On 1st April, 2023, Simple Ltd. took over the assets of 5,00,000 and the liabilities of 1,00,000 from Temur Ltd. at an agreed value of 16,00,000. Simple Ltd. paid the amount to Temur Ltd. as follows: (i) Issued a bank draft of 1,00,000. (ii) Issued 8% Debentures of 100 each at a premium of 50% in satisfaction of the balance amount of purchase consideration. Pass the necessary journal entries in the books of Simple Ltd. to record the above transactions.

Question 5. Jatin, Keshav, and Lalit were partners in a firm with fixed capitals of ₹ 1,20,000, ₹ 1,00,000, and ₹ 80,000, respectively. As per the partnership deed, there was a provision for allowing interest on capital a 10% p.a., but entries for the same had not been made for the last two years. The profit-sharing ratio during the last two years was as follows:

Pass an adjustment entry of the beginning of the third year, ie, on 1st April 2023.

Also Read: CBSE Class 12 Accountancy Important Questions 2025-26

Question 6. Sonia and Rohit were partners sharing profits and losses in the ratio 3:2. Their Balance Sheet as on 31st March 2023 is as follows:

Balance Sheet of Sonia and Rohit as at 31st March 2023

The firm was dissolved on the above date on the following terms:

1. Building, machinery, and furniture realised ₹3,44,000.
2. Debtors realised 90% only.
3. Creditors took away half of the stock in full settlement of their accounts.
4. Remaining stock realised ₹72,000.
5. Realisation expenses amounting to ₹14,000 were paid by Rohit.

Prepare the Realisation Account.

Question 7. On 1st April, 2022, Ardhaan Ltd. issued 10,000, 9% Debentures of ₹ 100 each at a discount of 5%, redeemable at a premium of 10% after five years. The company had a balance of ₹ 80,000 in the Securities Premium Account.

1. Pass necessary journal entries for the issue of debentures and for writing off ‘Loss on Issue of Debentures’ utilizing Securities Premium Account at the end of the first year itself.
2. Prepare ‘Loss on Issue of Debentures Account’ for the year ended 31st March, 2023.

Also Read: CBSE Class 12 Accountancy Sample Paper 2025-26

Question 8.  Trisha, Urvi, and Varsha were partners in a firm sharing profits and losses in the ratio of 5:4:1. Their Balance Sheet as at 31st March, 2023, was as follows:

Trisha retired on 1st April, 2023, and the partners agreed to the following terms:

(i) Fixed Assets were found overvalued by ₹80,000.
(ii) Stock was taken over by Trisha at ₹80,000.
(iii) Goodwill of the firm was valued at ₹1,00,000 on Trisha’s retirement, and Trisha’s share of goodwill was adjusted through the Capital Accounts of the remaining partners.
(iv) The new profit-sharing ratio between the remaining partners was agreed at 2:3.
(v) Trisha was paid ₹50,000 on retirement, and the balance was transferred to her loan account.

Question 9. Pearl Ltd. issued a prospectus inviting applications for 40,000 shares of ₹10 each at a premium of 20%. The amount was payable as follows:

• On Application - ₹5 per share
• On Allotment - ₹5 per share (Including Premium)
• On First and Final call - Balance

Applications for 60,000 shares were received, and allotment was made on a pro-rata basis to all the applicants. Excess money received on the application was adjusted towards the amount due on allotment.

Sameer, who had applied for 1,200 shares, failed to pay the allotment money. His shares were forfeited immediately after allotment. All the forfeited shares were reissued at ₹7 per share as ₹8 paid up. The first and final call was not yet made.

Pass necessary journal entries to record the above transactions in the book of Pearl Ltd. Open 'Calls in Arrears Account' wherever necessary.

Question 10. Which of the following statements is true?

1. The shares of a public limited company are not freely transferable.
2. Paid-up capital is that part of the subscribed capital which has been called up.
3. The company cannot raise more capital than the amount of capital as specified in the Memorandum of Association.
4. The part of the uncalled only in the event of winding up of the company is called Capital Reserve.

After going through the repeated questions, you can also solve the CBSE Class 12 Accountancy Previous Year Question Paper for more practice and confidence. Make sure to always check your journal entries and balance your balance sheet.