Karnataka 2nd PUC Accountancy Important Questions 2026

Karnataka 2nd PUC Accountancy Important Questions 2026 help you to test your preparation level. These questions are taken from the previous year's question papers. By solving these questions regularly, you can get an idea of the types of questions asked in the exam. It also gives you an idea about the marks allotted to each question. There are chances that you get similar types of questions in board exams. Through regular practice, it will be easy for you to answer the questions on board exams with good speed and accuracy. It is suggested that you should keep solving the questions at regular intervals after completing the Karnataka 2nd PUC Accountancy Syllabus 2025-26 . By writing proper answers, you will be able to improve your performance. For more information about the Karnataka 2nd PUC Accountancy Important Questions, continue reading the article.

Also Read Karnataka 2nd PUC Accountancy Previous Year Question Papers

Karnataka 2nd PUC Accountancy Important Questions 2026 for 1 Mark

Q1. Mahendra Ltd. forfeited 4,000 equity shares of ₹10 each issued at a premium of ₹ 2 per share, for non-payment of first and final call of ₹4 per share. On forfeiture, ‘Share forfeiture Account’ will be credited by:

1. a) ₹ 16,000
2. b) ₹ 24,000
3. c) ₹ 30,000
4. d) ₹ 40,000

Q2. Match the following

A ​​​​ B

a) Partnership Deed                             i) Investing activity
b) Gain ratio                                        ii) 2013
c) Dissolution of partnership firm           iii) Written agreement
d) Companies Act                                iv) Retirement of a partner
e) Purchase of fixed asset                    v) Closing down the business of the firm

Q3. In the absence of partnership deed, profits or losses must be shared in

1. a) Capital proportion
2. c) Agreed proportion
3. b) Equal proportion
4. d) Any other proportion

Q4. In the absence of partnership deed, profits or losses must be shared in

1. a) Capital proportion
2. c) Agreed proportion
3. b) Equal proportion
4. d) Any other proportion

Q5. The old profit sharing ratio among Ramesh, Sathish and Ravish were 2:2:1. The new profit sharing ratio after Sathish's retirement is 3:2. The gain ratio of continuing partners is

1. a) 3:2
2. b) 2:1
3. c) 1:2
4. d) 1:1

Karnataka 2nd PUC Accountancy Important Questions 2026 for 2 Marks

Q1. Mention any two circumstances for retirement of a partner.

Q2. Write any two objectives of preparing cash flow statement.

Q3. State any two differences between fixed capital method and fluctuating capital method.

Q4. Write the journal entry for the assets taken over by the partner at the time of dissolution of a firm.

Q5. Mention any two circumstances for retirement of a partner.

Also Read Karnataka 2nd PUC Accountancy Model Papers 2025-26

Karnataka 2nd PUC Accountancy Important Questions 2026 for 6 Marks

Q1. Arun & Varun are the partners commence business on 01/04/2023 sharing profits & losses in the ratio of 2:1 with capitals of ₹80,000 &₹50,000 respectively. They earned a profit of ₹20,000 before allowing the following:

1. a) Interest on capital @ 8% p.a.
2. b) Interest on drawings: Arun ₹2,000, Varun₹2,500
3. c) Salary to Arun ₹3,000 p.a.
4. d) Commission to Varun ₹2,000 p.a. Prepare P & L Appropriate A/c for the year ending 31/03/2024.

Q2. ‘A’ and ‘B’ are partners in a firm sharing profits and losses in the ratio of 3:2. Their balance sheet as on 31.03.2023 was as follows. Balance Sheet as on 31.03.2023 Liabilities ₹ Assets ₹ Creditors 20,000 Cash at Hand 5,000 Bills Payable 6,000 Debtors 20,000 Reserve Fund 4,000 Less: PDD 2,000 18,000 Capitals: Stock 17,000 A 40,000 Buildings 30,000 B 30,000 70,000 Furniture 30,000 100,000 100,000 On 01.04.2023, ‘C’ is admitted into the partnership on the following terms:

1. a) C should bring in ₹25,000 as capital and ₹8,000 towards goodwill for 1/6th sharein the future profits.
2. b) Depreciate furniture at 10% and appreciate buildings by 20%.
3. c) Provision for doubtful debts is no longer necessary.
4. d) Provide ₹1,000 for repair charges.
5. e) Goodwill is to be withdrawn by the Old Partners.(as per AS26) Prepare:

i). Revaluation Account

ii). Partners’ Capital Accounts &

iii). New balance sheet of the firm as on 01/04/2023.

Q3. Varun and Tarun were partners in a firm sharing profits and losses in the ratio of 3:2. They admit Kiran for 1/6*h share in profits and guaranteed that his share of profit will not be less than ? 25,000. The total profits of the firm was ? 90,000. Calculate the share of profits for each partner when guarantee is given by Varun and Tarun equally. Prepare Profit and Loss Appropriation Account.

Q4. Seeta, Geeta and Kavita are partners sharing profits and losses in the ratio of 5: 3: 2. Their capital balances on 1.4.2024 stood at * INR 80,000, INR 60,000 and INR 7 40,000 respectively. Geeta died on 1.1.2025. Partnership deed provides the following :

1. a) Interest on capital at 12% per annum
2. b) Salary to Geeta INR 4,000 per month
3. c) Geeta's share of goodwill

Her share of profit upto the date of death on the basis of previous year's profit.

Total goodwill of the firm is INR 84,000.

1. ii) Profit of the firm for the year 2024-25 is INR 7 60,000.

Prepare Geeta's executor account.

Q5. Rajesh and Rakesh are partners sharing profits and losses in ratio of 5:3. They admit Ramesh as a new partner. The new profit sharing ratio is 3:2:1 respectively.

Find out the sacrifice ratio of old partners.

How Many Important Questions Should I Prepare for the Karnataka 2nd PUC Accountancy Exam?

After completing the Karnataka 2nd PUC Accountancy syllabus, you can try to solve a variety of questions from different chapters. By solving a number of questions, you can get familiar with the difficulty level of the exam too. This will help you to perform well in board exams. You can try to solve as many questions as possible from the Karnataka 2nd PUC Accountancy important questions. Try to solve different types of questions regularly before the board exams in order to get familiar with the types of questions asked in the exam. For regular practice, keep visiting the page.