CBSE Class 12 Term 2 Sample Question Papers 2021-22 #class12papers #cbsepapers #eduvictors

CBSE Class 12 Term 2 Sample Question Papers 2021-22

CBSE (Central Board of Secondary Education) has released the Sample Question Papers for Class 10 and Class 12 Term 2 in the academic year 2021-22.

CBSE (Central Board of Secondary Education) has released the Sample Paper for Class 10 12 Term 2 Exams 2022. CBSE released the sample papers on their official website for both the Classes 10th and 12th and these papers are in a subjective format. 

Students can check the sample paper at https://cbseacademic.nic.in/ 

These papers are in a subjective format. 

CBSE Class 12 Accountancy Term 1 MCQs #class12Accountancy #cbseterm1 #Accountancy #eduvictors

CBSE Class 12 Accountancy Term 1 MCQs

Q1: In absence of partnership deed, which partner gets more share of profit?

(a) sleeping 

(b) active

(c) actual 

(d) No one

Q2: Vikas and Yogesh were in partnership sharing profits and losses in the ratio of 2 : 1. They admitted Kunal as a new partner. Kunal brought ₹ 1,00,000 as his share of goodwill premium, which was entirely credited to Vikas’s capital account. On the date of admission, goodwill of the firm was valued at ₹ 5,00,000. The new profit sharing ratio of Vikas, Yogesh and Kunal will be:

(a) 7:5:3 

(b) 7:3:5 

(c) 5:7:3 

(d) 3:5:7

CBSE Class 12 Sample Question Papers (2020-21) With Marking Schemes PDF Files (#cbsepapers)(#cbse2020)(#eduvictors)

CBSE Class 12 Sample Question Papers (2020-21) With Marking Schemes PDF Files

CBSE has issued new CBSE Sample Papers 2020-21 on Oct 9, 2020 and has also issued a notification regarding this. CBSE Sample Papers 2020-21 for tenth and twelfth are presently the most significant assets for the up and coming CBSE Board Exams 2021 readiness.With the new CBSE Making Scheme 2020-21, students will get a total thought regarding the method of composing good responses in the answer sheet. It also helps undoubtedly comprehending the significant points that must be written in answer books to score maximum marks.

You can download the Question Papers and Marking Scheme PDF files from here: 

CBSE Class 12 Accountancy - Chapter 2: ACCOUNTING FOR PARTNERSHIP FIRMS FUNDAMENTALS (Questions and Answers) (#eduvictors)(#cbsenotes)(#Class12Accountancy)

Chapter 2: ACCOUNTING FOR PARTNERSHIP FIRMS FUNDAMENTALS 

(Questions and Answers)

CBSE Class 12 Accountancy

Q1: Define Partnership.

Answer: Section 4 of the Indian Partnership Act 1932 defines partnership as follows:

Partnership is the relations between two or more persons who have agreed to share the profits of a business carried on by all or any one of them acting for all.

In most respects a partnership is like a proprietorship except that more than one owner is involved. Like a proprietorship, for accounting purposes the partnership transactions must be kept separate from the personal activities of the partners. Partnerships are often used to organize retail and service-type businesses, including professional practices (lawyers, doctors, architects, and certified public accountants).

Q2: What are the essential features of Partnership?

Answer: Essential features of partnership are:

1. Two or More Persons

2. Agreement

3. Lawful Business

4. Mutual Agency

5. Sharing of Profit

6. Relationship of Mutual agency among the partners

Essential feature in details are:

CBSE Class 12 - Accountancy - MCQs -COMPARATIVE & COMMON – SIZE STATEMENTS (#eduvictors)(#class12Accountancy)

CBSE Class 12 - Accountancy - MCQs -COMPARATIVE & COMMON – SIZE STATEMENTS 

CHAPTER: TOOLS FOR FINANCIAL STATEMENT ANALYSIS

Financial statements are reports prepared by a company’s management to present the financial performance and position at a point in time. A general-purpose set of financial statements usually includes a balance sheet, income statements, statement of owner’s equity, and statement of cash flows.

The various tools used for analysis of financial statements are:
1. Comparative Statement: Financial Statements of two years are compared (Horizontal Analysis)
2. Common Size Statement: Figures of Financial Statements are converted in to percentage with respect to some common base
3. Ratio Analysis
4. Cash Flow Statement

COMPARATIVE & COMMON – SIZE STATEMENTS(MCQs)

1. The most commonly used tools for financial analysis are:
(A) Comparative Statements
(B) Common Size Statements
(C) Accounting Ratios
(D) All of the above

CBSE Class 12: Accountancy - Chapter 1: Not For Profit Organisations (NPOs) Questions and Answers - (Part 2) (#eduvictors)(#cl12Accountancy)

Chapter 1: Not For Profit Organisations (NPOs) Part-2

Questions and Answers - (Part 2)

CBSE Class 12: Accountancy 

Q1: Define honorarium. How is it shown in income and expenditure account? 

Answer: It is the amount paid to the person(outsider) to reimburse the actual expenses incurred for delivering a lecture or giving his performance as an artist. It will be treated as revenue expenditure.

It is shown as expenses.

Q2: What is the format of Total Subscription/Income/Expense for CY?

Answer:

CBSE Class 12: Accountancy - Chapter 1: Not For Profit Organisations (NPOs) - Questions and Answers - (Part 1) (#eduvictors)(#class12Accountancy)

Chapter 1: Not For Profit Organisations (NPOs) 

Questions and Answers - (Part 1)

CBSE Class 12: Accountancy 

Q1: What is a Not For Profit Organisation (NPO)?

Answer: NPO's are voluntary organisations founded with objective of promoting art, culture, education and other social and charitable purpose without any intention of earning profit. They work for self interest.

e.g. Hospitals,colleges,schools,universities,religious organisations, culture institutions, professional accounting bodies i.e. ICAIICSI etc are generally run by NPOs.


Q2: What are the salient features of NPOs?

Answer:
   (i) Service motive
   (ii) Profit is not the criterion.
   (iii) Surplus not distributed among its members.
   (iv) Separate entity.
   (v) Unique names connect their working.
   (vi) Managed by elected persons.
   (vii) Major funds in the form of contribution and donations, etc.


Q3: Distinguish between Not for Profit Organisation and Profit Organisation.

CBSE Class 12 - Accountancy- Sample Question Paper Set-2 (2019-2020)(#eduvictors)(#cbsepapers)

CBSE Class 12 - Accountancy- Sample Question Paper Set-2 (2019-2020)

In class 12th (and 11th), the basic objective of introducing accountancy subject is to acquaint students with basic accounting concepts and accounting standards. To develop the skills of designing need based accounting database.Accountancy is the practice of recording, classifying, and reporting on business transactions for a business. It provides feedback to management regarding the financial results and status of an organization.

In class XII, Accounting for Not for Profit Organisations, Partnership Firms and companies are taught as a compulsory part. Students will also be given an opportunity to understand about Computerized Accounting System, as an optional course to Analysis of Financial Statements.

Here follows sample question paper on accountancy(released by Delhi Dir. of Education):

Class 12 - Accountancy Help Guides and Question Bank:
1. 15 Sample Question Paper Accountancy Class 12th CBSE 2019-2020
2. Oswaal CBSE Sample Question Papers Class 12 Accountancy Book (For March 2020 Exam)

CBSE Class 12 - Accountancy- Sample Question Paper Set-1 (2019-2020)(#eduvictors)(#class12papers)

CBSE Class 12 - Accountancy- Sample Question Paper Set-1 (2019-2020)

In class 12th (and 11th), the basic objective of introducing accountancy subject is to acquaint students with basic accounting concepts and accounting standards. To develop the skills of designing need based accounting database.Accountancy is the practice of recording, classifying, and reporting on business transactions for a business. It provides feedback to management regarding the financial results and status of an organization.

In class XII, Accounting for Not for Profit Organisations, Partnership Firms and companies are taught as a compulsory part. Students will also be given an opportunity to understand about Computerized Accounting System, as an optional course to Analysis of Financial Statements.

Here follows sample question paper on accountancy(released by Delhi Dir. of Education):

Class 12 - Accountancy Help Guides and Question Bank:
1. 15 Sample Question Paper Accountancy Class 12th CBSE 2019-2020
2. Oswaal CBSE Sample Question Papers Class 12 Accountancy Book (For March 2020 Exam)

Major Changes in CBSE Examination in 2020 For Class 10 and 12 (#eduvictors)(#cbse)

Major Changes in CBSE Examination in 2020 For Class 10 and 12

CBSE has made some changes in the examination pattern for class 10 and 12 in the academic
session 2019-20.

As per the new exam pattern, CBSE has given more weight to the school-based/internal assessment.

Please watch the video to get the idea of important changes that would happen in CBSE Examination in 2020 i.e. for academic session 2019-20

Class 12 - Accountancy - Basics of Partnership - Short Questions and Answers (#cbsenotes)(#eduvictors)

Accountancy - Basics of Partnership - Short Questions and Answers

Q1: Define partnership.

Answer: When two or more persons enter into an agreement to carry on business and share its profit and losses, it is a case of partnership. The Indian partnership Act, 1932, defines Partnership as follows:
"Partnership is the relation between persons and who have agreed to share the profits of a business
carried on by all or any of them acting for all."


Q2(CBSE 2017): Does partnership firm has a separate legal entity ? Give reason in support of your answer.

Answer: As per law the partners and partnership firm have no separate legal entities.


Q3: What do you understand by 'partners', 'firm' and 'firms' name?

Answer: The persons who have entered in to a Partnership with one another are individually called 'Partners' and collectively 'a firm' and the name under which the business is carried is called 'the firm's name'.

CBSE Class 12 - Accountancy Sample Question Paper + Solution- (2018-19)(#cbsenotes)(#eduvictors)

CBSE Class 12 - Accountancy
 Sample Question Paper + Solution- (2018-19)

The objective of most businesses is to earn a profit . Profit is the difference between the amounts received from customers for goods or services and the amounts paid for the inputs used to provide the goods or services. accounting can be defined as an information system that provides reports to users about the economic activities and condition of a business. You could think of accounting as the “language of business.”

Here follows the class 12  Accountancy sample question paper along with marking scheme and answers help you in studies.

Grading System in CBSE For 10th & 12th (#eduvictors)

Grading System in CBSE For 10th & 12th

For awarding the grades, the Board shall put all the passed students in a rank order and will

award grades as follows:

• A-1 Top 1/8th of the passed candidates
• A-2 Next 1/8th of the passed candidates
• B-1 Next 1/8th of the passed candidates
• B-2 Next 1/8th of the passed candidates
• C-1 Next 1/8th of the passed candidates
• C-2 Next 1/8th of the passed candidates
• D-1 Next 1/8th of the passed candidates
• D-2 Next 1/8th of the passed candidates
• E Failed candidates

Notes:

CBSE Class 12 - Final Examination Date Sheet - (2017-18) (#eduvictors)(#cbsenotes)

CBSE Class 12 - Final Examination Date Sheet - (2017-18)

CBSE Class 12 - Accountancy - Sample Question Paper - (2017-18) (#eduvictors)(#cbseNotes)

CBSE Class 12 - Accountancy -
Sample Question Paper - (2017-18)

CBSE Class 12 Accountancy - -Syllabus (2017-18) (#cbseNotes)

Accountancy -Syllabus (2017-18)

CBSE Class 12 Accountancy

Here presents the prescribed syllabus for Class 12 Accountancy for the curriculum 2017-18.

CBSE Class 12 - Accountancy Sample Question Paper (2014-15) (#cbsePapers)

CBSE Class 12 - Accountancy Sample Question Paper (2014-15)

CBSE Class 12 - Accountancy Sample Question Paper with Answers (2016-17) (#cbsepapers)

CBSE Class 12 - Accountancy Sample Question Paper with Answers  (2016-17)

CBSE Class 12 - Accountancy- Sample Question Paper with Marking Scheme(2016)

CBSE Class 12 - Accountancy- Sample Question Paper with Marking Scheme(2016) 

CBSE Class 12 - Accountancy- Sample Question Paper (2015)

CBSE Class 12 - Accountancy- Sample Question Paper (2015)