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CBSE Class 12 Accountancy Answer Key 2025: The Central Board of Secondary Education successfully conducted the CBSE Class 12th Accountancy Exam for all the Commerce stream students today i.e., March 26, 2025 [Wednesday]. The exam began at 10:30 am and continued till 01:30 pm at various examination centers across the state. After completion of the exam, students were eagerly looking for the set-wise CBSE Class 12th Accountancy Question Paper 2025. So this is to inform them that students can now check the unofficial CBSE Class 12 Accountancy Answer Key 2025 with Question Paper PDF, along with the exam analysis for Set A, Set B, Set C, and Set D, shared in the article below.
CBSE Class 12 Accountancy Answer Key 2025 Out
The CBSE Class 12th Accountancy Board Exam 2025 was conducted for a total duration of 3 hours, with an extra 15 minutes for reading and completing other formalities in traditional offline pen and paper mode. The CBSE Class 12th Accountancy Question Paper 2025 was for a total of 80 marks, while the remaining 20 marks will be given based on the internal assessments/practical exams.
The CBSE Class 12th Accountancy Question paper had many different types of questions, including multiple-choice questions, short and long answer questions, with some internal choices. Students can check the direct link to check and download their CBSE Class 12th Accountancy Answer Key with Question Paper 2025 in the article below. The CBSE Class 12 Accountancy Answer Key 2025 (unofficial) is a helpful guide for all the students who took the CBSE 12th Accountancy board exam for the academic year 2024-25.
CBSE Class 12 Accountancy Answer Key 2025 with Question Paper
CBSE Class 12 Accountancy Answer Key 2025 is not officially released by the CBSE board, but can be used to check answers and estimate scores. Experts will prepare this answer key with correct solutions so students can compare their responses. Although it may not be completely accurate, it gives a good idea of expected marks. It is always important to verify with official sources for final confirmation. After the exam, we have shared the question paper along with the answer key. This will make it easier for students to find mistakes and learn the correct solutions.
| CBSE Class 12 Accountancy Answer Key 2025 with Question Paper | |
| Conducting Body | Central Board of Secondary Education |
| Name of Examination | CBSE Class 12th Accountancy Exam 2025 |
| Category | Question Paper |
| Status | Released |
| CBSE Class 12th Accountancy Exam Date 2025 | March 26, 2025 |
| Exam Timing | 10:30 am to 01:30 pm |
| Unofficial CBSE Class 12 Accountancy Answer Key 2025 release date | March 26, 2025 |
| Mode of availability | Online mode |
| Total marks | 100 Marks |
CBSE 12th Accountancy Question Paper Pattern 2025
The CBSE Class 12 Accountancy Exam 2025 is for a total of 80 marks, with a 3-hour written paper. The remaining 20 marks are for practical or project work. The Class 12 Accountancy Question Paper is divided into two different parts: Part A (Financial statements of companies), Part B (Cost Accounting and Analysis of Financial Statements). The Question paper includes no overall choice, but some internal choices are given. Students should study well to answer a variety of questions.
| CBSE Class 12th Accountancy Question Paper Pattern 2025 | ||
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Section
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Question Numbers
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Marks per Question
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Part A (Compulsory for all)
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Questions 1 to 16
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1 mark each
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Questions 17 to 20
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3 marks each
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Questions 21 to 22
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4 marks each
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Questions 23 to 26
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6 marks each
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Part B (Choose one option only)
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Option (i): Analysis of Financial Statements
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Questions 27 to 30
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1 mark each
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Questions 31 to 32
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3 marks each
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Question 33
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4 marks each
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Question 34
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6 marks each
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Option (ii): Computerised Accounting
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Questions 27 to 30
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1 mark each
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Questions 31 to 32
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3 marks each
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Question 33
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4 marks each
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Question 34
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6 marks each
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Total Marks
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80 marks | |
CBSE Class 12 Accountancy Answer Key with Questions
PART – A
(Accounting for Partnership Firms and Companies)
1. Arun, Bashir, and Joseph were partners in a firm sharing profits and losses in the ratio of 5:3:2. They admitted Daksh as a new partner who acquired his share entirely from Arun. If Arun sacrificed 1/5 of his share to Daksh, Daksh’s share in the profits of the firm will be:
(A) 1/10
(B) 1/5
(C) 3/10
(D) 2/5
Answer: (A) 1/10
2. Eliza, Fenn, and Garry were partners in a firm sharing profits and losses in the ratio of 4:3:1. Fenn was guaranteed ₹25,000 as his share in the profits. Any deficiency arising on that account was to be met by Eliza. The firm earned a profit of ₹80,000 for the year ended 31st March 2024. The amount of profit credited to Fenn’s capital account will be:
(A) ₹30,000
(B) ₹40,000
(C) ₹25,000
(D) ₹10,000
Answer: (C) ₹25,000
3. Wayne, Shaan, and Bryan were partners in a firm. Shaan had advanced a loan of ₹1,00,000 to the firm. On 31st March 2024, the firm was dissolved. After transferring various assets (other than cash & bank) and outside liabilities to the Realisation Account, Shaan took over furniture of book value ₹90,000 in part settlement of his loan amount. For the payment of the balance amount of Shaan’s loan, the Bank Account will be credited with:
(A) ₹1,00,000
(B) ₹90,000
(C) ₹1,90,000
(D) ₹10,000
Answer: (D) ₹10,000
4. Pulkit and Ravinder were partners in a firm sharing profits and losses in the ratio of 3:2. Sikander was admitted as a new partner for 15\frac{1}{5}51 share in the profits of the firm. Pulkit, Ravinder, and Sikander decided to share future profits in the ratio 2:2:1. Sikander brought ₹5,00,000 as his capital and ₹10,00,000 as his share of premium for goodwill. The amount of premium for goodwill that will be credited to the old partners’ capital accounts will be:
(A) Pulkit’s Capital Account ₹10,00,000
(B) Pulkit’s Capital Account ₹6,00,000 and Ravinder’s Capital Account ₹4,00,000
(C) Pulkit’s Capital Account ₹5,00,000 and Ravinder’s Capital Account ₹5,00,000
(D) Pulkit’s Capital Account ₹2,00,000
Answer: (B) Pulkit’s Capital Account ₹6,00,000 and Ravinder’s Capital Account ₹4,00,000
5. Kajal and Laura were partners in a firm sharing profits and losses in the ratio of 5:3. They admitted Maddy for 1/4 share in future profits. Maddy brought ₹8,00,000 as his capital and ₹4,00,000 as his share of premium for goodwill. Kajal, Laura, and Maddy decided to share profits in future in the ratio 2:1:1. After all adjustments in respect of goodwill, revaluation of assets, and liabilities, etc., Kajal’s capital was ₹10,00,000 and Laura’s capital was ₹8,00,000. It was agreed that partners’ capitals should be in proportion to their new profit-sharing ratio, taking Maddy’s capital as base. The adjustment was made by bringing in or withdrawing the necessary cash. The cash brought in by Kajal was:
(A) ₹1,00,000
(B) ₹8,00,000
(C) ₹16,00,000
(D) ₹12,00,000
Answer: (A) ₹1,00,000
6. Assertion (A): The maximum number of partners in a partnership firm is 50.
Reason (R): By virtue of the Companies Act 2013, the Central Government is empowered to prescribe the maximum number of partners in a firm. The Central Government has prescribed the maximum number of partners in a firm to be 50.
Choose the correct option:
(A) Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
(B) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
(C) Assertion (A) is true, but Reason (R) is false.
(D) Both Assertion (A) and Reason (R) are false.
Answer: (A) Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
7. Nandita and Prabha were partners in a firm. Nandita withdrew ₹3,00,000 during the year for personal use. The partnership deed provides for charging interest on drawings @ 10% p.a. Interest on Nandita’s drawings for the year ended 31st March 2024 will be:
(A) ₹9,000
(B) ₹30,000
(C) ₹18,000
(D) ₹15,000
Answer: (C) ₹18,000
8. Radhika, Mehar, and Shubha were partners in a firm sharing profits and losses in the ratio 9:8:7. If Radhika’s share of profit at the end of the year amounted to ₹5,40,000, Shubha’s share of profit will be:
(A) ₹5,40,000
(B) ₹4,80,000
(C) ₹60,000
(D) ₹4,20,000
Answer: (D) ₹4,20,000
9. Suhas and Vilas were partners in a firm with capitals of ₹4,00,000 and ₹3,00,000 respectively. They admitted Prabhas as a new partner for 15\frac{1}{5}51 share in future profits. Prabhas brought ₹2,00,000 as his capital. Prabhas’ share of goodwill will be:
(A) ₹1,00,000
(B) ₹10,00,000
(C) ₹9,00,000
(D) ₹20,000
Answer: (A) ₹1,00,000
10. Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public offer) is known as:
(A) Sweat equity
(B) Incorporation cost
(C) Private placement of shares
(D) Employee stock option plan
Answer: (C) Private placement of shares
11. Ajay Ltd. forfeited 100 shares of 10 each for non-payment of first call of 1 per share and second and final call of 3 per share. The minimum price per share at which these shares can be reissued will be:
(A) ₹6
(B) ₹4
(C) ₹10
(D) 16
Answer: (A) ₹6
12. (a) The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as
(A) Nominal capital
(B) Reserve capital
(C) Issued capital
(D) Subscribed capital
Answer: (A) Nominal capital
OR
(b) According to Securities and Exchange Board of India (SEBI), guidelines, minimum subscription of capital cannot be less than 90% of
(A) Authorised capital
(B) Issued capital
(C) Reserve capital
(D) Subscribed capital
Answer: (B) Issued capital
13. (a) Debentures on which a company does not give any undertaking for the repayment of money borrowed are called:
(A) Bearer Debentures
(B) Secured Debentures
(C) Perpetual Debentures
(D) Registered Debentures
Answer: (C) Perpetual Debentures
OR
(b) If the amount of debentures issued is more than the amount of the net assets taken over by a company, the difference will be treated as:
(A) Capital Reserve
(B) Goodwill
(C) Purchase Consideration
(D) General Reserve
Answer: (B) Goodwill
14. (a) The following journal entry appears in the books of Latvion Ltd.:
| Date | Particulars | Dr. Amount (₹) | Cr. Amount (₹) |
|---|---|---|---|
| Bank A/c | Dr. | 4,75,000 | |
| Loss on issue of debentures A/c | Dr. | 75,000 | |
| To 12% Debentures A/c | 5,00,000 | ||
| To Premium on Redemption of Debentures A/c | 50,000 |
The discount on the issue of debentures is:
(A) 15%
(B) 5%
(C) 10%
(D) 95%
Answer: (C) 10%
14. (b) Zeba Limited issued 15,000, 9% debentures of ₹ 100 each at 10% discount on 1st April 2023. It has a balance of ₹ 1,00,000 in Securities Premium Account. The ‘Discount on issue of Debentures’ ₹ 1,50,000 will be written off:
(A) ₹ 1,00,000 out of Securities Premium Account and ₹ 50,000 out of Statement of Profit and Loss
(B) ₹ 50,000 out of Securities Premium Account and ₹ 1,00,000 out of Statement of Profit and Loss
(C) ₹ 1,50,000 out of Securities Premium Account
(D) ₹ 1,50,000 out of Statement of Profit and Loss
Answer: (A) ₹ 1,00,000 out of Securities Premium Account and ₹ 50,000 out of Statement of Profit and Loss
15. (a) Anisha, Deepa, and Charu were partners sharing profits and losses in the ratio of 6:3:2. On 31st March 2024, they decided to change their profit-sharing ratio to 2:3:5. Each partner’s gain or sacrifice due to the change in the profit-sharing ratio will be:
(A) Anisha’s sacrifice 3/10 : Charu’s gain 3/10
(B) Anisha’s gain 3/10 : Charu’s sacrifice 3/10
(C) Anisha’s sacrifice 3/10 : Deepa’s gain 3/10
(D) Deepa’s gain 3/10 : Charu’s sacrifice 3/10
Answer: (A) Anisha’s sacrifice 3/10: Charu’s gain 3/10
(b) Preet and Saral were partners sharing profits and losses in the ratio of 3:2. On 31st March 2024, they decided to change their profit-sharing ratio to 1:1. On the date of reconstitution, the goodwill of the firm was valued at ₹ 1,00,000. The journal entry for treatment of goodwill on account of change in the profit-sharing ratio will be:
| Particulars | Dr. Amount (₹) | Cr. Amount (₹) |
|---|---|---|
| (A) Preet’s Capital A/c Dr. | 1,00,000 | To Saral’s Capital A/c |
| (B) Saral’s Capital A/c Dr. | 1,00,000 | To Preet’s Capital A/c |
| (C) Preet’s Capital A/c Dr. | 10,000 | To Saral’s Capital A/c |
| (D) Saral’s Capital A/c Dr. | 10,000 | To Preet’s Capital A/c |
Answer: (C) Preet’s Capital A/c Dr. ₹10,000 To Saral’s Capital A/c ₹10,000
16. (a) Ishan, Jatin, and Kapil were partners in a firm sharing profits and losses in the ratio of 5:4:1. Jatin retired and his share was taken up by Ishan and Kapil in the ratio of 3:1. The new profit-sharing ratio between Ishan and Kapil after Jatin’s retirement will be:
(A) 6:4
(B) 5:4
(C) 7:3
(D) 7:1
Answer: (C) 7:3
(b) Sakshi, Kiara, and Gunjan were partners in a firm sharing profits and losses in the ratio of 3:2:1. Kiara retired on 1-4-2023. After all adjustments, the amount due to Kiara was ₹ 5,00,000. The payment was to be made in two yearly installments of ₹ 2,50,000 each, and the firm agreed to pay interest @ 10% per annum on the unpaid balance. The amount of the first installment paid on 31-03-2024 will be:
(A) ₹ 6,50,000
(B) ₹ 5,00,000
(C) ₹ 2,50,000
(D) ₹ 2,75,000
Answer: (D) ₹ 2,75,000
27. The Quick Ratio of a company is 1:1. Which of the following transactions will result in an increase in Quick Ratio?
(A) Cash received from debtors
(B) Sold goods on credit
(C) Purchased goods on credit
(D) Purchased goods on cash
Answer: (B) Sold goods on credit
CBSE Class 12th Accountancy Question Paper 2025 Download Link Set 1, 2, 3
As the CBSE Class 12th Accountancy Exam 2025 has now been successfully held, we have updated the CBSE Class 12th Accountancy Question Paper 2025 PDFs for all sets here. These CBSE Class 12th Accountancy Question Papers are valuable resources as, after the completion of the exam, these question papers help the students to evaluate their performance in the exams. They also give an overview of the types of questions asked in the question papers to students preparing to appear in the 12th class exams next year. To download the CBSE Class 12th Accountancy Question Paper 2025 set 1, 2, and 3 PDF, the direct links have been mentioned below.
| CBSE Class 12th Accountancy Question Paper 2025 PDF Download Link |
| CBSE Class 12th Accountancy Question Paper 2025 Set 67/2/1 |
| CBSE Class 12th Accountancy Question Paper 2025 Set 67/2/2 |
| CBSE Class 12th Accountancy Question Paper 2025 Set 67/6/3 |
| CBSE Class 12th Accountancy Question Paper 2025 Set 67/2/1 |
CBSE Class 12th Accountancy Answer Key 2025 [Unofficial] PDF Download Link
All the CBSE Class 12th students with Accountancy as one of their Major subjects can now check and download their unofficial set-wise CBSE Class 12th Accountancy Answer Key 2025 from the direct link shared here. Students can get an approximate idea of Class 12th Accountancy exam scores by verifying the answers from the answer key with those written in the exam. The evaluation via answer key can help students predict their marks. The direct link to download the CBSE Class 12th Accountancy Answer Key 2025 has been updated below:
Steps to Calculate Estimated Marks Using CBSE 12th Accountancy Answer Key
Step 1 – Firstly, download the unofficial CBSE Class 12 Accountancy Answer Key 2025 with the respective Question Paper set from the direct links that will soon be shared above.
Step 2 – Check all your answers carefully and from the unofficial answer key PDF.
Step 3 – Give and deduct marks according to the marking scheme.
Step 4 – At the end, sum up all your marks to get an idea of expected scores in the Accountancy board exam.
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