Sample Papers are very important for accomplishing a decent score in Board Examinations. They are a great resource for revising the whole syllabus in one go. This means that if sample papers or previous year papers are practiced they allow students to test their knowledge and have an intensive review of what they know and what they don’t know. Also, this eliminates any feeling of fear and apprehension, before the examination. They also help students to identify the pattern of questions asked. In this way, they can be ready for any typical type of question which may be asked. In this article, find a few tips to peruse accountancy sample papers for class 12.
Apart from this question papers if done with full dedication and diligence can be a great way to practice time management before the exam itself. The exams in concern are meant to be completed in a time duration of 3 hours and if a student practices them within the same time frame it can help him to not only organize all parts of his answer better but also to save a few minutes and do an enhanced revision.
Here are some essential tips to have full utilization of these papers -:
1. Make a proper timetable regarding when you are going to practice them on a regular basis, a month or two before the final exam
2. Don’t peep into the solutions directly, refer them only if you are completely unable to solve a particular question by your own and go blank.
3. Don’t cheat on yourself, make sure whatever you do, you do with full honesty.
Accountancy sample papers for class 12:
Accountancy sample papers for class 12 are attached below. All papers related to Delhi, Outside Delhi and Foreign set 1, set 2 and set 3 with their answers and marking scheme issued by CBSE are given with the question papers. Students need to thoroughly practice these to achieve high scores in the board examinations.
Past Year Papers
Kindly also refer to the following important questions from CBSE Question Papers 2017
- Y Ltd. forfeited 100 equity shares of ₹ 10 each for the non-payment of first call of ₹ 2 per share. The final call of ₹ 2 per share was yet to be made. Calculate the maximum amount of discount at which these shares can be re-issued.
- Amar, Ram, Mohan and Sohan were partners in a firm sharing profits in the ratio of 2 : 2 : 2 : 1. On 31st January, 2017 Sohan retired. On Sohan’s retirement the goodwill of the firm was valued at ₹70,000. The new profit sharing ratio between Amar, Ram and Mohan was agreed as 5 : 1 : 1. Showing your working notes clearly, pass necessary Journal Entry for the treatment of goodwill in the books of the firm on Sohan’s retirement.
- AXN Ltd. invited applications for issuing 1,00,000 equity shares of ₹ 10 each at a premium of ₹ 6 per share. The amount was payable as follows:
- On Application ₹ 4 per share (including ₹ 2 premium).
- On Allotment ₹ 5 per share (including ₹ 2 premium).
- On First Call ₹ 4 per share (including ₹ 2 premium).
- On Second and Final Call – Balance Amount.
- The issue was fully subscribed.
Kumar the holder of 400 shares did not pay the allotment money and Ravi the holder of 1,000 shares paid his entire share money alongwith allotment money. Kumar’s shares were forfeited immediately after allotment. Afterwards first call was made. Gupta a holder of 300 shares failed to pay the first call money and Gopal a holder of 600 shares paid the second call money also alongwith first call. Gupta’s shares were forfeited immediately after the first call. Second and final call was made afterwards. The whole amount due on second call was received. All the forfeited shares were re-issued at ₹ 9 per share fully paid up. Pass necessary Journal Entries for the above transactions in the books of the company.
To beat other candidates taking the exam, you have to put in some extra hard work and efforts and give it your all. Make sample papers your best companion and have confidence in yourself, and if all is done properly, you can do wonders on the day of exam.