CGBSE CG Board Class 12th Accountancy Model Paper 2024: CGBSE Class 12 Accountancy exam is scheduled for March 14, 2024. This is a crucial time for Class 12 Accountancy students to give the right direction to their exam preparation. In this context, revision of chapters through practicing a sufficient number of questions becomes of great importance as it will help students achieve high marks in their board exams.
CGBSE Board's Class 12 Accountancy Sample Paper and Question Bank are now available for students on the official website of the board. Students who have accountancy as one of their subjects in class 12 can check the sample paper content to understand the pattern of the question paper and the marking scheme of the paper.
Chhattisgarh Board Class 12 Accountancy Model Paper 2024
Students appearing for the CGBSE Class 12 Accountancy board exam 2023-24 can find below the CGBSE Class 12 Accountancy Official Sample Paper 2023-24 to prepare for the final exam 2023-24.
Subject Code: 301
Time: 3 hours
Maximum Marks: 80
Instructions:
- Question paper is divided into 3 sections: A, B, and C.
- Attempt all the questions in Section A.
- Solve any one section of section B or section C.
- All the questions in each section should be answered in one place.
- Maximum word limits apply only to theoretical questions.
Section-A
(Accounting of Partnership firms and Companies.)
Question No. 1 to 06 are very short-answer type questions.
Each Question carries 1 mark.
Question 1:- Indian Partnership Act has been passed in the year-
(a)1932
(b)1947
(c)1951
(d)1991
Question 2:- The minimum number of members in a partnership firm must be -
(a) 3
(b) 2
(c) 7
(d) 10
Question 3:- The most important document of the company is-
(a) Prospects
(b) Memorandum of Associations
(c) Article of Association
(d) Register of members.
Answer the following question in one word/Sentence.
Question 4:- Which Company's Shares cannot be transferred?
Question 5:- Which act applies in the absence of Partnership deed?
Question 6:- When are partners' current accounts prepared?
Question No. 07 to 09 are short-answer type questions. Each question carries 3 marks.
Question 7:- What is meant by the term partner?
Question 8:- Y Ltd. issued 15000 shares of Rs 10 each to the public. The whole amount due was received in lump-sum. pass necessary journal entries.
Question 9:- Z Ltd. issued 25000 12% preference shares of Rs.10 each to the public. The Amount was received in the lump sum. pass necessary journal entries in the books of Z ltd.
To check all questions, download the full sample paper using the link given below.
CG Board Class 12 Accountancy Model Paper 2024 Download Free PDF
Chhattisgarh Board Class 12 Accountancy Question Bank 2024
Questions
Q. Who can become a partner in the firm?
Q. Can a minor be admitted in firm to share firm’s profit and can he inspect the books of account of the firm
Q. How will you calculate Interest on drawings, when fixed amount is withdrawn at the beginning of each quarter?
Q. Why profit and loss appropriation account is prepared? Explain.
Q. Is it compulsory to register a partnership? What are the effects of not registration?
Q. A and B are partners on 1st January 2021 with Capitals of ₹1,00,000 and ₹1,20,000 respectively. On the same date A gave a loan of ₹45,000 to the firm and the profit in that year is ₹45,000. In the absence of partnership agreement, show how you will divide the profits of the partners. By preparing profit and loss appropriation account?
Q. How the Goodwill of a firm is affected by location ?
Q. Explain the average profit method of finding out the value of good will with suitable example.
Q. The capital of a business firm is ₹90,000. The average profit of the firm is ₹9,000. The normal rate of return in similar business is 9%. Find out the value of goodwill on the basis of capitalisation method.
Q. Briefly explain any four points for the need of the revaluation of assets and liabilities on the reconstitution of a partnership firm.
Students can view and download PDF of official question bank of Accountancy using the link given below.
Chhattisgarh Board Class 12 Accountancy Question Bank 2024 Free PDF
Importance of Solving the Official CG Board Class 12 Accountancy Model Paper and Question Bank 2024
- Official sample papers provide details about the exam pattern and the marking scheme.
- Through solving questions, students can develop an efficient time management strategy.
- Students can get an idea of topics that have a higher weightage in the exam and prepare accordingly.
- Students can identify their areas of weakness and strength and work on them.
Practicing accountancy sample papers and question bank before appearing for the board exam will boost students' confidence and provide them with the opportunity to analyze their level of preparation.
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