CBSE Class 12 Accountancy Term 2 Sample Paper 2022 (By CBSE Board): Solve To Score Maximum Marks in Exam

CBSE Term 2 Class 12 Board Exam 2022: CBSE Term 2 Sample Papers for Class 12, session 2021-22  have been released. Check Accountancy Sample Paper along with Marking scheme here. 

Updated: May 23, 2022 18:42 IST
CBSE Term 2 Accountancy
CBSE Term 2 Accountancy

Central Board of Secondary Education, CBSE would conduct the Class 12th Accountancy Term 2 Exam tomorrow (May 23, 2022). We have provided below the CBSE Sample Paper for Class 12 Accountancy. This sample question papers released by the board will provide you the basic information about the type of paper, the pattern to be followed and marks distribution scheme for the Term 2 Exam. Take a look at the CBSE 12th Term 2 Accounts Sample Paper below and understand the marking scheme as well for a high score in tomorrow's exam. 

CBSE Class 12th Accountancy Sample Paper By Experts for Last Minute Revision (Term 2 Exam 2022)

CBSE Class 12th Accountancy Syllabus for Term 2 Exam with Important Resources

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. 

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







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


Amount (₹)

Cash Purchases of medicines

Add: Credit Purchases of medicines

 Total Purchases

Add: Opening Stock

Less: Closing Stock

 Medicines consumed during the year



 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


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. 






Dr. Amount

Cr. Amount


Suresh’s Capital A/c Dr




Tushar’s Capital A/c Dr




Ramesh’s Capital A/c (Being goodwill adjusted)



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 



Subscription credited to Income & Expenditure A/c


Add: Outstanding for 2019-20


Less : Outstanding for 2020-21


For 10 members (10 x 3000 – 26,000) 4,000


For 8 members (8 x3000) 24,000


Less : Advance during 2019-20


Add : Advance during 2020-21


Amount of subscription Received During the Year


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


Jagran Play
रोमांचक गेम्स खेलें और जीतें एक लाख रुपए तक कैश
ludo_expresssnakes_ladderLudo miniCricket smash
ludo_expresssnakes_ladderLudo miniCricket smash
Comment (0)

Post Comment

6 + 3 =
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.