CBSE Class 12 Accountancy Answer Key 2023CBSE Accountancy Answer Key 2023: The accountancy paper marks the end of CBSE board exam for the students of the commerce stream. Accountancy being a major paper was conducted for 80 marks and a duration of 3 hours. The exam began today, March 31, 2023, at 10:30 AM and got over at 1:30 AM. The feedback of the students and experts on the difficulty level of the paper, lengthiness, and more is posted on this page. Furthermore, CBSE 12th accountancy answer key 2023 for all the 24 multiple-choice questions in the paper is given here as well. However, no solutions for the descriptive questions will be elaborated.
CBSE Class 12 Accountancy Answer Key 2023
The CBSE board distributes several question paper sets. In there, there are multiple subsets to a single major set and in these subsets, the questions remain the same but are merely interchanged in order. Hence, the detailed answer (option number + answer in words) is given here so that you can cross-check the same with your concerned subset. CBSE accountancy answer key is updated here.
| Part A – Accounting for Partnership Firms and Companies | QP Code: 67/4/3 |
| 1. | (c) Rs 2,00,000 and Rs 3,50,000 |
| 2. | (i) (a) Debiting Surbhi's account by 30,000 and crediting Ria's account by 30,000. (ii) (b) Naman's sacrifice 3/16, Suman's gain 1/16, Mohit's gain 2/16 |
| 3. | (c) Reserve capital |
| 4. | (b) Rs 80,000 |
| 5. | (b) Rs 30,000 |
| 6. | (b) Keshav Rs 1,80,000; Krishna Rs 1,12,000; and Murari Rs 80,000 |
| 7. | (c) Keshav Rs 1,50,000; Krishna Rs 1,00,000; and Murari Rs 50,000 |
| 8. | (i) (d) 5:2 (ii) (b) 5:3 |
| 9. | (a) Interest on Drawings Account |
| 10. | (i) Nil |
| 11. | (i) (c) Debited by Rs 20,00,000 (ii) (c) Rs 20,000 |
| 12. | (c) Rs 14,500 |
| 13. | (i) (a) 3,600 (ii) (a) Profit and Loss Suspense account |
| 14. | (c) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A). |
| 15. | (b) Rs 37,950 |
| 16. | (d) 3:2:4 |
| Part B – Analysis of Financial Statements (Option-I) | QP Code: 67/4/3 |
| 27. | (i) (c) Rs 30,000 received from debtors (ii) (c) One year or less |
| 28. | (a) Return on investment |
| 29. | (b) Operating activity |
| 30. | (i) Wrong options - Answer should be Rs 7,50,000 (ii) 40% |
CBSE Class 12 Accountancy 2023 Analysis: Student Reviews
The reviews of students, experts, and other important highlights of the paper are added below.- The paper was rated as 'Easy to Moderate but lengthy'.
- "It was, at the most, a moderate paper. I thought the question on cash flow will be tough but it was easier than expected," said Shreya, a Delhi CBSE commerce student. "I did well in the paper. I expect to score above 75 marks."
- "If the basics are not clear, it would seem to be a very tough paper," another student commented. "It was lengthy for me. I missed a 6-mark question. Other than that, I'd say I did well."
- "It was surprisingly easier than the other papers conducted until now," Kedar, another Delhi student, said. "It was lengthy but easy."
- Expert Review:
CBSE accountancy paper was easy and the questions were strictly from the prescribed NCERT books. Students who had studied these well and were clear with their basic concepts will be able to score well.
CBSE Class 12 Accountancy Question Paper Analysis 2023
A comprehensive assessment of today’s CBSE 12th Accountancy 2023 has been updated in the table here for the respective parameters mentioned.
| Parameter | CBSE Class 12 Accountancy Analysis 2023 |
| Overall difficulty level of the paper | Easy to Moderate |
| Overall expected good score | 70+ |
| Was the paper lengthy? | Yes |
| Part A – Accounting for Partnership Firms and Companies | |
| Difficulty level of multiple-choice questions (Q1 to 16) | Easy to Moderate |
| Difficulty level of 3-mark questions (Q17 to 20) | Easy to Moderate |
| Difficulty level of 4-mark questions (Q21 & 22) | Moderate |
| Difficulty level of 6-mark questions (Q23 to 26) | Slightly above Moderate |
| Part B – Analysis of Financial Statements (Option-I) | |
| Difficulty level of multiple-choice questions (Q27 to 30) | Easy to Moderate |
| Difficulty level of descriptive-type questions (Q31 to 34) | Moderate |
| Part B – Computerised Accounting (Option-II) | |
| Difficulty level of multiple-choice questions (Q27 to 30) | Easy to Moderate |
| Difficulty level of descriptive-type questions (Q31 to 34) | Moderate |
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