HBSE Class 12 Sample Paper 2025 Accountancy

Board Of School Education Haryana

मॉडल पेपर
2025

BSEH Model Test Paper (March-2025)
Class-12th (Sr. Secondary)

Roll No. ------------------

ACCOUNTANCY
Time Allowed : 3 Hours Maximum Marks:60

 Please make sure that the printed pages in this question paper 9 in number
and it contains 30 questions.
 Before answering a question, must write its serial number.
 Attempt all parts of a question together.
 Don’t leave blank Page/Pages in your answer book.
 Except the answer booklet, no extra sheet will be provided. Write to the
point and don’t strike the written answer.
 Candidate must write their roll number on the question paper. Except Roll
No. do not write anything on question and do not make any mark on answers
of objective type questions.
 Before answering the questions, ensure that you have been supplied the
correct and complete questions paper, no claim in this regard, will be
entertained after examination.
General Instructions :
(i) This question paper comprises two parts A and B . There are 30 questions
in the question paper. All questions are compulsory.
(ii) Part A is Compulsory for all candidates.
(iii) Part B has two options i.e. (1) Analysis of Financial Statements and (2)
computerized Accounting. You have to attempt only one of the given
options.
(iv) Question Nos. 1 to 10 and 23-27 are very short answer type questions
carrying 1 mark each.
(v) Question Nos. 11-15 and 28 are questions carrying 2 marks each.
(vi) Question Nos. 16 to 20 and 29 are questions carrying 3 marks each.
(vii) Question Nos. 21, 22 and 30 are questions carrying 5 marks each.
(viii) An internal choice is available in some questions. You have to attempt
only one of the given choices in such questions.

Part-A
(Accounting for Partnership Firms and Companies)

1. In the absence of Partnership Deed, the interest is allowed on partner’s
Capital:

A) 6% P.a. B) 10% P.a.

C) 12% P.a. D) No interest is allowed

2. When a partner is given guarantee by other partners, loss on such guarantee will
be born by:

A) Partnership firm

B) All the other partners

C) Partners who give the guarantee

D) Partner with highest profit sharing ratio.

3. On the death of a Partner, the amount due to him will be created to :

A) All partner’s Capital Account

B) Remaining Partners Capital Account

C) His executor’s Account

D) Government’s Revenue Account

4. On dissolution of a firm, debtors were Rs. 17,000. Of these Rs. 500 became bad
and the rest realized 60 % Which account will be debited and by how much
amount?

A) Realization Account by Rs. 16500

B) Profit and Loss Account by Rs. 7100

C) Cash Account by Rs. 9900

D) Debtors Account by Rs. 7100

5. Maximum number of members of a Private Company is ……….As per
Company Act 2013.

6. Given below are two Statements, one labelled as Assertion (A) and the other
labeled as Reason (R) :

Assertion (A) : If there are Eight Partners in a firm, a new partner cannot be
admitted even if one partner does not agree to this.

Reason (R) : A new partner can be admitted if majority of partners agree on his
admission.

In the context of the above two statements, which of the following is correct?

Codes :

A) (A) and (R) both are correct and (R) correctly explains (A).

B) Both (A) and (R) are correct but (R) does not explain (A).

C) Both (A) and (R) are incorrect.

D) (A) is correct but (R) is incorrect.

7. What do you understand by Sweat Equity Shares?

8. What is coupon rate?

9. On the basis of given Statement: Assertion (A) and Reason (R), Choose the
correct option:

Assertion (A): Dissolution of partnership firm refers to the dissolution of the
Partnership among all the partners of the firm.

Reason (R) : Dissolution of partnership firm results into closure of business and
hence dissolution of partnership also. Option:

A) (A) and (R) are true, but (R) is not correct explanation of (A).

B) Both (A) and (R) are true and (R) is correct explanation of (A).

C) Both (A) and (R) are false.

D) (A) is false, but (R) is true.

10. There was an Unrecorded Assets of Rs. 2000 which was taken over by a
partner at Rs. 1500. Partner’s Capital Account will be debited by ………

11. A, B and C are partners in a firm. They have omitted interest on Capital @
10% P.a. for year ended 31st March, 2024. Their capitals were Rs. 1,00,000,
80,000 and Rs. 70,000 . Pass an adjustment entry.

OR
Mention two items that may appear on the credit side of a Partner’s Fixed Capital
Account.

12. Complete the following journal entry by filling the blanks:-

JOURNAL
Date Particulars LF Dr. Rs. Cr. Rs.
Share Capital A/c Dr. 2,25,000
Securities Premium A/c Dr. ………..
To Share Forfeiture A/c …………
To Share allotment A/c …………
(3000 Share of Rs. 100 each Rs. 75
paid, forfeited for non-payment of
allotment of Rs. 45 each including
premium @ Rs. 5 per share
OR
Particulars
Date Particulars LF Dr. Rs. Cr. Rs.
Sundry Assets A/c Dr. 18,00,000
To Sundry Creditors A/c 2,00,000
To ………………… A/c …………
To ………………… A/c …………
(Business of Rohan & Co.
purchased for a consideration of
Rs. 15,00,000

th
13. A and B are partners. They admit ‘C’ for ¼ Share. In future the ratio between
A and B would be 2:1 Find out New Ratio.

14. Name any two factors affecting goodwill of a Partnership Firm.

15. Distinguish between Average Profit and Super Profit with two points.

16. State any three purposes for which securities Premium can be utilized.

17. A and B are partners in a firm. A is entitled to a salary of Rs. 15000 P.m. and a
commission of 10% of net profit before charging any commission. B is entitled
to a commission of 10% of net profit after charging his commission. Net Profit
for the year ended 31st March 2024 was Rs. 4, 40,000.

You are required to show the distribution of Profit.

18. Give a comparison of Sacrificing Ratio and Gaining Ratio.

19. Write any three, points of differences between dissolution of Partnership and
Dissolution of Partnership firm.

20. Explain the meaning of the following terms.

1. Capital Reserve.

2. Reserve Capital

3. Issue of Debentures as collateral Security

OR

Bata Ltd. Issued 5,000, 9% Debenture of Rs. 500 each pass the necessary Journal
entries for the issue of Debentures in the books of the company in the following
cases.

i) When debentures are issued at par and redeemable at Par.
ii) When debentures are issued at 5% Premium and redeemable at 10%
Premium.
iii) When dentures are issued at a premium of 25% to the vendors for
machinery purchased for Rs. 6,25,000.

21. Differentiate between a share and a debenture.

OR

Sangeeta Ltd. Invited applications for issuing 60,000 Shares of Rs. 10 each at
par. The amount was payable as follows:

On Application Rs. 2 per Share

On Allotment Rs. 3 per Share

On First Final call Rs. 5 per Share

Application were received for 92,000 Shares. Allotment was made on the
following basis :

i) To applicant for 40,000 shares- Full
ii) To applicant for 50,000 shares- 40%
iii) To applicant for 2,000 shares- NIL

Rs. 108000 was realized on account of allotment (excluding the amount carried
from application money) and Rs. 2,50,000 on account of call.

The directors decided to forfeit shares of those applicants to whom full allotment
was made and on which allotment money was overdue.

Pass Journal entries in the books of Sangeeta Ltd. To record the above transactions.

22. The following is the Balance sheet of A & B as at 31 st March, 2022 who share
profit in the ratio of 2:1.

Liabilities Rs. Assets Rs.
Bank overdraft 15,000 Sundry Debtors 40,000
Reserve fund 12,000 Less : Provision 3,600 36400
Sundry Creditors 20,000 Stock 20,000
Capitals: A 40,000 Building 25,000
B 30,000 Patents 2,000
Machinery 33,600
117000 117000

They admitted C into Partnership on 1st April 2022. New profit sharing ratio is agreed
as 3 , 2 : 1 . C brings in proportionate Capital after the following adjustments:
6 6 6
(1) C brings in Rs. 10,000 in cash as his share of good will
(2) Provision for doubtful debts is to be reduced by Rs. 2,000.
(3) There is an old typewriter valued Rs. 2600. It does not appear in the books of
the firm. It is now to be recorded.
(4) Patents are valueless.

(5) 2% discount is to be received from creditors Prepare Revaluation A/c, Capital
A/cs and the opening Balance Sheet.

OR
Explain the accounting treatment of Goodwill with imaginary figures at the time of
retirement of a Partner from the firm.

PART – B
(Analysis of Financial Statements)

23. On the basis of given statements: Assertion (A) & Reason (R), Choose the
correct option:
Assertion (A): Liquidity Ratios are used to assess the short term financial
obligations of the firm.
Reason (R) : Current Ratio and Acid Test Ratio are two liquidity ratios which
measure the firm’s ability to meet its current obligations in time.
Options:

(A) Both (A) and (R) are correct and (R) is the correct reason of (A)
(A) Both (A) and (R) are correct but (R) is not correct reason of (A)
(A) Only (R) is correct
(A) Both (A) and (R) are wrong.
24. Balance Sheet of a Company is required to be prepared in the format given in
…………..
(A) Schedule III Part I (B) Schedule III Part II
(C) Schedule III Part III (D) Table A

25. The formula to calculate operating Ratio…………..
26. The Statement of Cash flows clarifies Cash flows according to …………
(A) Operating and non-operating flows
(B) Investing and non-operating flows
(C) Inflows and out flows
(D) Operating, investing and financing activities
27. Write any two objections of preparing Financial Statements.
28. Explain briefly the features of Financial Statements.
29. Differentiate Current Ratio and Quick Ratio.

From the following information, determine the opening inventory and closing
inventory:

Inventory Turnover Ratio 5 times
Revenue from Operation Rs. 8,00,000
Gross Profit Ratio 25%

Closing inventory was Rs. 20,000 more than the opening inventory.
30. Prepare the format of Cash Flows from operating Activities under Cash Flow
Statement as per Accounting Standard-3 Revised.
OR
From the following information of X Ltd., Calculate Cash Flows from Financing
Activities:
Particulars 31st March 2023 31st March 2022
Rs. Rs.
Equity Share Capital 20,00,000 20,00,000
12% Debentures -- 3,00,000
10% Debentures 5,00,000 --
Bank Overdraft 80,000 1,00,000
Additional Information:
(i) Interest paid on Bank overdraft Rs. 10,000 .
(ii) 12% Debentures were redeemed on 1st July, 2022 and new 10% Debentures
were issued on the same date at a discount of 5%.
(iii) Proposed Dividend on equity shame capital for previous year ended 31 st March
2022 was paid @ 8%.

PART – B
(Computerized Accounting )

23. Give one Limitation of Computerized Accounting System.

24. When extended selection is active, ………..is the keyboard shortcut for
selecting all data up to and included the last row.
25. In excel, the chart tools provide three different options…..……,
…………..…….and……….for formatting.
(A) Layout, Format, Data Maker (B) Design, Layout, Format

(C) Format, Layout, Label (D) Design, Data Maker, Layout

26. The syntax of PMY Function is …………
(A) PMT (rate, Pv, nper, [f v], [type])
(B) PMT (rate, nper,Pv, [f v], [type])
(C) PMT (rate, Pv, nper, [type] , [f v])
(D) PMT (rate, nper, Pv, [type] , [f v])

27. What is the full form of SQL?
(A) Structured Query Language
(B) Structured query List
(C) Simple query Language
(D) None of these

28. Explain the term Primary key and Secondary key in a database.
29. Differentiate between data and information with the help of an example
OR
Explain the use of ‘Conditional Formatting’.

30. Explain the importance of absolute and relative address. Also, give the example
of absolute and relative addresses as they appear in Excel Sheet/ Spreadsheet.
OR
Explain the elements used in payroll Calculations in an Excel Sheet/ Spreadsheet.

Sample Papers

CBSE Sample Papers
ICSE / ISC Board Sample Papers
AP Board Sample Papers
Assam Board Sample Papers
Bihar Board Sample Papers
Chhattisgarh Board Sample Papers
Goa Board Sample Papers
Gujarat Board Sample Papers
Haryana Board Sample Papers
HP Board Sample Papers
J&K State Board Sample Papers
Jharkhand Board Sample Papers
Karnataka Board Sample Papers
Kerala Board Sample Papers

Sample Papers

MP Board Sample Papers
Maharashtra Board Sample Papers
Manipur Board Sample Papers
Mizoram Board Sample Papers
Orissa Board Sample Papers
Punjab Board Sample Papers
Rajasthan Board Sample Papers
Tamil Nadu Board Sample Papers
Telangana State Board Sample Papers
Tripura Board Sample Papers
UP Board Sample Papers
Uttarakhand Board Sample Papers
West Bengal Board Sample Papers