CBSE 12th Accountancy Sample Paper Term-2 : PDF Download

CBSE Term 2 Class 12 Accountancy Sample Paper: Marking Scheme, Question Paper Pattern

The question paper would be comprising two Parts: A and B. 

There would be 12 questions in the question paper. All questions would be compulsory.

Part-A is compulsory for all candidates.

Part- B would have two major options

(i) Analysis of Financial Statements and 

(ii) Computerized Accounting 

Students must attempt only one of the given options.

There would be short type of questions in each paper comprising two marks each and 3 marks each. Then there would also be long type of questions carrying 5 marks each as well. Internal choices would be provided in questions of three and 5 marks. 

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CBSE Term 2 Accountancy Sample Paper: CBSE Class 12 Board Exams 2022

Q1. The following information has been provided by M/s Achyut Health Care. You are required to calculate the amount of medicines consumed during the year 2020-21:

The stock of medicines as of April 1, 2020 Creditors for medicines as of April 1, 2020 The stock of medicines as on March 31, 2021 Creditors for medicines as of March 31, 2021 Cash purchases of medicines during the year 2020-21 Credit purchases of medicines during the year 2020-21

15,00,000 3,50,000 10,00,000 4,20,000 2,00,000 6,00,000

Ans. Amount of medicines consumed during the year 2020-21:

Particulars	Amount (₹)
Cash Purchases of medicines Add: Credit Purchases of medicines  Total Purchases Add: Opening Stock Less: Closing Stock  Medicines consumed during the year	2,00,000  6,00,000  8,00,000 ½ Marks 15,00,000 ½ Marks 10,00,000 ½ Marks 13,00,000 ½ Marks

Q2. Distinguish between ‘Dissolution of Partnership’ and ‘Dissolution of Partnership Firm’ based on:

(i) Settlement of assets and liabilities

(ii) Economic relationship

Ans. 

Basis of Distinction	Dissolution of Partnership	Dissolution of Partnership Firm
Settlement of Assets and Liabilities	Assets are revalued and liabilities are reassessed	Assets are sold and liabilities are paid off.
Economic relationship	Economic relationship between the partners continues, though in a changed form.	Economic relationship between the partners comes to an end.

Q3. Suresh, Ramesh and Tushar were partners of firm sharing profits in the ratio of 6:5:4. Ramesh retired and his capital after making adjustments on account of reserves, revaluation of assets and reassessment of liabilities stood at ₹ 2,50,400. Suresh and Tushar agreed to pay him ₹ 2,90,000 in full settlement of his claim. Pass necessary journal entries for the treatment of goodwill. Show workings clearly. 

Ans. 

JOURNAL ENTRY
Date	Particulars	L.F.	Dr. Amount	Cr. Amount
	Suresh’s Capital A/c Dr		23,760
	Tushar’s Capital A/c Dr		15,840
	Ramesh’s Capital A/c (Being goodwill adjusted)			39,600

Working Note:

Ramesh’s share of Goodwill= ₹2,90,000 - ₹2,50,400 = ₹39,600


 

Q4. From the following information given by Modern Dance Academy, calculate the amount of Subscription received during the year 2020-21.

(i)Subscription credited to Income & Expenditure A/c for the year ending 31st March 2021 amounted to ₹3,00,000 and each member is required to pay an annual subscription of ₹ 3,000.

(ii)Subscription in arrears as on 1st April 2020 amounted to ₹ 16,000.

(iii) During the year 2020-21, 10 members made a partial payment of ₹26,000 towards subscription, 8 members failed to pay the subscription amount and 5 members paid the subscription amount for the year2021-22.

(iv) During the year 2019-20, 12 members paid the subscription amount for the year 2020-21.

Ans. Calculation of the amount of Subscription received during the year 2020-21 

Particulars	Amount(₹)
Subscription credited to Income & Expenditure A/c	3,00,000
Add: Outstanding for 2019-20	16,000
Less : Outstanding for 2020-21
For 10 members (10 x 3000 – 26,000) 4,000
For 8 members (8 x3000) 24,000	-28,000
Less : Advance during 2019-20	-36,000
Add : Advance during 2020-21	15,000
Amount of subscription Received During the Year	2,67,000

To solve many more questions like these, check the links below:
 

CBSE Class 12 Accountancy Sample Paper 2022: Download PDF here

CBSE Class 12 Accountancy Marking Scheme with Answers: Download PDF below


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