CBSE Class 12 Accountancy Exam 2025 Most Repeated Questions

CBSE Class 12 Accountancy Exam 2025 Most Repeated Questions: After looking closely at last year's exam questions, we have pinpointed some important subjects in Accountancy that are likely to come up again in the CBSE Class 12 exam 2025. By concentrating on questions from topics with maximum weightage, students can better understand the concepts and improve their chances of doing well in the upcoming test, which can also boost their confidence.

CBSE Class 12 Accountancy Exam 2025 Most Repeated Questions

Check out the most repeated 10 subjective and objective questions from Accountancy for CBSE Class 12 Accountancy Exam 2025 here: 

1 mark Questions:

1. Alexa Ltd. purchased building from Siri Ltd for ₹8,00,000. The consideration was paid by issue of 6%debentures of ₹100 each at a discount of 20%. The 6% Debentures account is credited with: a) ₹10,40,000 b) ₹10,00,000 c) ₹9,60,000 d) ₹6,40,000

2. Interest on Partner’s loan is credited to: a) Partner’s Fixed capital account. b) Partner’s Current account. c) Partner’s Loan Account. d) Partner’s Drawings Account.

3. Dividend Received is concerned with_________. a) Operating Activities b) None of these c) Financing Activities d) Investing Activities

4. An asset shall be classified as current when it satisfies any of the following criteria a) It is part of fixed assets b) It is an old asset in the firm c) It is not the part of business d) It is expected to be realized within a year

3 Marks Questions:

1. 2. Pioneer Fitness Ltd. took over the running business of Healthy World Ltd. having assets of ₹10,00,000 and liabilities of ₹ 1,70,000 by: a) Issuing 8,000 8% Debentures of ₹ 100 each at 5% premium redeemable after 6 years @ ₹ 110; and b) Cheque for ₹ 50,000. Pass the Journal entries in the books of Pioneer Fitness Ltd.

2. Rihaan Ltd had an authorised capital of 4,00,000 equity shares of ₹10 each. The company offered for subscription 1,00,000 shares. The issue was fully subscribed . The amount payable on application was ₹2 per share, ₹4 per share were payable each on allotment and first and final call. A shareholder holding 100 shares failed to pay the allotment money. His shares were forfeited immediately after the allotment. Show how the 'Share Capital will be shown in the company's balance sheet (as per Schedule III, Part I of the Company’s Act, 2013) if the final call has not yet been made. Also prepare Notes to Accounts for same.

4 Marks Questions:

1. Altaur Ltd. was registered with an authorised Capital of ₹ 4,00,00,000 divided in 25,00,000 Equity Shares of ₹ 10 each and 1,50,000, 9% Preference Shares of ₹ 100 each. The company issued 8,00,000 Equity Shares for public subscription at 20% premium, payable ₹ 3 on application; ₹ 7 on allotment (including premium) and balance on call. Public had applied for 10,00,000 shares. Excess Applications were sent letters of regret. All the dues on allotment received except on 15,000 shares held by Sanju. Another shareholder Rocky paid his call dues along with allotment on his holding of 25,000 shares. You are required to prepare the Balance Sheet of the company as per Schedule III of Companies Act, 2013, showing Share Capital balance and also prepare Notes to Accounts.

2. Sun and Kiran are partners sharing profits and losses equally. They decided to dissolve their firm. Assets and Liabilities have been transferred to Realisation Account. Pass necessary Journal entries for the following:

• a) All partners are agreed that the process of realisation at the time dissolution will be accomplished by Sun for which he will be paid ₹10,000 along with the amount of expense which amounted to 2% of total value realised from the Assets on dissolution. Some assets were sold for Cash at a cumulative Value of ₹12,00,000 and the remaining were taken over by creditors at a valuation of ₹3,00,000.

• b) Deferred Advertisement Expenditure A/c appeared in the books at ₹28,000.

• c) Out of the Stock of ₹1,20,000; Kiran (a partner) took over 1/3 of the stock at a discount of 25% and 50% of remaining stock was took over by a Creditor of ₹30,000 in full settlement of his claim. Balance amount of stock realized at ₹25,000.

• d) An outstanding bill for repairs and renewal of₹3,000 was settled through an unrecorded asset which was valued at ₹10,000. Balance being settled in Cash.

6 Marks Questions:

1. Shaktimaan Ltd. invited applications for issuing 1,00,000 Shares of ₹ 10 each at a premium of ₹2 per share. The amount was payable as₹ 4 on application (including premium); ₹ 5 on Allotment and balance on call. Applications were received shares for 1,80,000 of which Applications for 30,000 shares were rejected and remaining applicants were allotted on pro-rata basis. Manthan, holding 5,000 shares failed to pay call money and his shares were forfeited. Out of these 2,000 shares were re-issued at premium of ₹ 3 per share. Prepare Cash Book and pass necessary entries.

2. OTUA Ltd. was registered with an authorised capital of 2,00,000 equity shares of ₹ 100 each. The company offered 60,000 shares for public subscription at 25% premium. The share was payable as ₹ 40 on application and balance on allotment, with premium. Public had applied for 85,000 shares. Pro-rata allotment was made in the ratio of 5:4 and remaining applications were sent letters of regret.  Mr. Anand holding 4,000 shares failed to pay allotment money and his shares were forfeited. Out of these 3,000 shares were re-issued at a discount of ₹ 20 per share. Pass necessary entries in the books of the OTUA Ltd.

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