🔥 HBSE CLASS 12 ACCOUNTANCY 2026 ✅ 100 MOST IMPORTANT / QUESTIONS & MCQs

🔥 HBSE CLASS 12 ACCOUNTANCY

✅ 100 MOST IMPORTANT MCQs (2020–2025 Pattern Based)

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🟢 PART A – Partnership Accounts

1. On admission of a partner, goodwill is credited to:
(A) New partner
(B) All partners
(C) Old partners
(D) Revaluation A/c

2. Sacrificing ratio is calculated at the time of:
(A) Retirement
(B) Admission
(C) Dissolution
(D) Death

3. If gaining ratio is 2:1, goodwill will be shared in:
(A) 2:1
(B) 1:2
(C) Old ratio
(D) Equal ratio

4. Revaluation A/c is prepared at the time of:
(A) Dissolution only
(B) Admission only
(C) Admission and Retirement
(D) Every year

5. Interest on drawings is:
(A) Expense
(B) Income
(C) Liability
(D) Asset

6. Partner’s loan appears in Balance Sheet under:
(A) Current Liability
(B) Long-term Liability
(C) Capital
(D) Asset

7. On dissolution, Realisation A/c is prepared to:
(A) Close books
(B) Calculate profit/loss
(C) Record assets & liabilities
(D) All of these

8. Loan from partner is transferred to:
(A) Capital A/c
(B) Cash A/c
(C) Realisation A/c
(D) Partner’s Loan A/c

9. Accumulated profits are transferred to:
(A) Capital A/c
(B) Revaluation A/c
(C) Cash A/c
(D) Profit & Loss A/c

10. Gaining ratio is calculated at the time of:
(A) Admission
(B) Retirement
(C) Death
(D) Formation

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(इसी प्रकार जारी…)

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🟢 Questions 11–30 (Partnership Numerical & Concept Based)

11. Average profit ₹50,000; Normal return 10%; Capital ₹4,00,000 → Super Profit?
    (A) 10,000
    (B) 20,000
    (C) 30,000
    (D) 40,000

12. Capital employed ₹5,00,000; NRR 10%; Avg Profit ₹70,000 → Goodwill (4 years purchase of super profit)?
    (A) 80,000
    (B) 60,000
    (C) 40,000
    (D) 1,00,000

13. Revaluation loss is borne by:
    (A) New partner
    (B) Old partners
    (C) All partners
    (D) None

14. At dissolution, cash is paid first to:
    (A) Creditors
    (B) Partners’ Loan
    (C) Capital
    (D) Reserve

15. If A sacrifices 1/4 and B sacrifices 1/6 → Sacrificing ratio?
    (A) 3:2
    (B) 2:3
    (C) 1:1
    (D) 4:3

(… इसी पैटर्न में प्रश्न 30 तक)

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🔵 PART B – Company Accounts

31. Securities Premium appears under:
    (A) Share Capital
    (B) Reserves & Surplus
    (C) Current Liabilities
    (D) Assets

32. Debenture holders are:
    (A) Owners
    (B) Creditors
    (C) Promoters
    (D) Directors

33. Shares issued at premium ₹2 on ₹10 → Securities Premium = ?
    (A) ₹10
    (B) ₹12
    (C) ₹2
    (D) ₹8

34. Over-subscription means:
    (A) Less applications
    (B) More applications
    (C) No application
    (D) None

35. Forfeited shares reissued at discount → Discount is debited to:
    (A) Capital Reserve
    (B) Share Forfeiture
    (C) Cash
    (D) Share Capital

36. Convertible debenture can be converted into:
    (A) Cash
    (B) Shares
    (C) Bonds
    (D) Loan

37. Issue of debentures at discount is shown as:
    (A) Asset
    (B) Fictitious asset
    (C) Liability
    (D) Reserve

38. Minimum subscription is:
    (A) 90%
    (B) 80%
    (C) 75%
    (D) 100%

39. Capital Reserve is created from:
    (A) Revenue Profit
    (B) Capital Profit
    (C) Sales
    (D) Drawings

40. Reserve Capital is:
    (A) Called capital
    (B) Uncalled capital
    (C) Part of uncalled capital called on liquidation
    (D) Subscribed capital

(… इसी पैटर्न में 60 तक)

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🔵 Questions 41–60 (Debenture & Shares Practical)

41. Issue of ₹1,00,000 debentures at 5% discount → Discount amount?
    (A) 5,000
    (B) 10,000
    (C) 15,000
    (D) 20,000

42. 8% Debentures ₹2,00,000 → Annual interest?
    (A) 8,000
    (B) 16,000
    (C) 20,000
    (D) 25,000

43. Redemption at premium → Premium is debited to:
    (A) P&L
    (B) Capital Reserve
    (C) Securities Premium
    (D) Debenture A/c

(… प्रश्न 60 तक जारी)

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🟣 PART C – Financial Statement Analysis

61. Current Ratio formula =
    (A) CA/CL
    (B) CL/CA
    (C) Sales/CA
    (D) GP/Sales

62. Quick Ratio excludes:
    (A) Debtors
    (B) Cash
    (C) Inventory
    (D) Bills Receivable

63. Net Profit Ratio =
    (A) NP/Revenue ×100
    (B) GP/Revenue
    (C) Sales/NP
    (D) CA/CL

64. Debt Equity Ratio =
    (A) Debt/Equity
    (B) Equity/Debt
    (C) CA/CL
    (D) Sales/Debt

65. Cash flow from operating activities includes:
    (A) Sale of machinery
    (B) Purchase of land
    (C) Interest received
    (D) Issue of shares

66. Depreciation is added back in:
    (A) Investing
    (B) Financing
    (C) Operating
    (D) None

67. Increase in current assets leads to:
    (A) Increase in cash
    (B) Decrease in cash
    (C) No effect
    (D) Profit

)

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🔥 HBSE CLASS 12 ACCOUNTANCY

✅ MCQs (61–100)

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🟣 PART C – Financial Statement Analysis & Cash Flow

61. Current Ratio =
(A) Current Assets / Current Liabilities
(B) Current Liabilities / Current Assets
(C) Net Profit / Sales
(D) Debt / Equity

62. Quick Ratio excludes:
(A) Debtors
(B) Bills Receivable
(C) Inventory
(D) Cash

63. Ideal Current Ratio is:
(A) 1 : 1
(B) 2 : 1
(C) 1.5 : 1
(D) 3 : 1

64. Ideal Quick Ratio is:
(A) 2 : 1
(B) 1 : 1
(C) 0.5 : 1
(D) 3 : 1

65. Net Profit Ratio =
(A) Net Profit / Revenue × 100
(B) Gross Profit / Revenue × 100
(C) Sales / Net Profit × 100
(D) Cost / Sales × 100

66. Gross Profit Ratio =
(A) GP / Sales × 100
(B) NP / Sales × 100
(C) Sales / GP × 100
(D) GP / Cost × 100

67. Debt Equity Ratio =
(A) Total Debt / Shareholders’ Funds
(B) Shareholders’ Funds / Debt
(C) Current Assets / Current Liabilities
(D) Net Profit / Capital

68. Inventory Turnover Ratio =
(A) Sales / Average Inventory
(B) Cost of Revenue from Operations / Average Inventory
(C) Net Profit / Inventory
(D) Purchases / Closing Stock

69. Increase in Current Assets (other than cash) results in:
(A) Increase in cash
(B) Decrease in cash
(C) No effect
(D) Profit

70. Increase in Current Liabilities results in:
(A) Increase in cash
(B) Decrease in cash
(C) No effect
(D) Loss

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🟣 Cash Flow Statement

71. Depreciation is added back while calculating cash from:
(A) Investing Activities
(B) Financing Activities
(C) Operating Activities
(D) None

72. Sale of machinery is shown under:
(A) Operating
(B) Investing
(C) Financing
(D) None

73. Issue of shares is shown under:
(A) Operating
(B) Investing
(C) Financing
(D) None

74. Interest paid by a finance company is:
(A) Operating Activity
(B) Investing Activity
(C) Financing Activity
(D) None

75. Dividend paid is shown under:
(A) Operating
(B) Investing
(C) Financing
(D) None

76. Purchase of building is:
(A) Operating
(B) Investing
(C) Financing
(D) None

77. Decrease in Debtors results in:
(A) Increase in cash
(B) Decrease in cash
(C) No effect
(D) Loss

78. Increase in Stock results in:
(A) Increase in cash
(B) Decrease in cash
(C) No effect
(D) Profit

79. Cash Flow Statement deals with:
(A) Accrual basis
(B) Cash basis
(C) Both
(D) None

80. Non-cash item is:
(A) Wages paid
(B) Rent paid
(C) Depreciation
(D) Commission received

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🟣 Mixed Concept + Numerical (Board Trend Based)

81. Working Capital =
(A) Current Assets – Current Liabilities
(B) CA + CL
(C) CL – CA
(D) Assets – Liabilities

82. If Working Capital ₹50,000 and Current Liabilities ₹25,000 → Current Assets?
(A) ₹75,000
(B) ₹25,000
(C) ₹50,000
(D) ₹1,00,000

83. If CA = ₹1,20,000 and CL = ₹60,000 → Current Ratio?
(A) 1 : 2
(B) 2 : 1
(C) 3 : 1
(D) 1 : 1

84. Revenue from Operations ₹4,00,000; Gross Profit 25% on cost → GP?
(A) ₹80,000
(B) ₹1,00,000
(C) ₹1,25,000
(D) ₹75,000

85. Opening Stock ₹70,000; Closing Stock ₹80,000; Stock Turnover 6 times → COGS?
(A) ₹4,50,000
(B) ₹90,000
(C) ₹4,80,000
(D) ₹3,00,000

86. Average Inventory =
(A) Opening + Closing
(B) (Opening + Closing)/2
(C) Closing – Opening
(D) Opening × Closing

87. Accumulated depreciation appears under:
(A) Asset
(B) Liability
(C) Deduction from asset
(D) Capital

88. Gain on sale of asset is:
(A) Added in operating
(B) Deducted in operating
(C) Investing inflow
(D) Financing inflow

89. Provision for tax is:
(A) Current Asset
(B) Current Liability
(C) Fixed Asset
(D) Capital

90. Debenture redemption reserve is created out of:
(A) Capital Profit
(B) Revenue Profit
(C) Securities Premium
(D) Loan

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🟣 Assertion–Reason (HBSE Pattern)

91. Assertion (A): Current ratio of 3:1 is always good.
Reason (R): Higher liquidity always means efficient use of funds.
(A) Both true, R correct explanation
(B) Both true, R not correct explanation
(C) A true, R false
(D) A false, R true

92. Assertion (A): Cash flow statement ignores non-cash items.
Reason (R): It is prepared on cash basis.
(A) Both true, R correct explanation
(B) Both true, R not correct explanation
(C) A true, R false
(D) Both false

93. Assertion (A): Issue of shares increases shareholders’ funds.
Reason (R): Shares represent ownership capital.
(A) Both true, R correct explanation
(B) Both true, R not explanation
(C) A true, R false
(D) Both false

94. Assertion (A): Debenture holders are owners.
Reason (R): They get fixed interest.
(A) Both true
(B) Both false
(C) A false, R true
(D) A true, R false

95. Assertion (A): Depreciation reduces profit but not cash.
Reason (R): It is a non-cash expense.
(A) Both true, R correct explanation
(B) Both true, R not explanation
(C) A true, R false
(D) Both false

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🟣 Final Rapid Concept

96. Schedule III relates to:
(A) Income Tax Act
(B) Companies Act format
(C) Partnership Act
(D) GST Act

97. Balance Sheet is prepared under:
(A) Schedule III Part I
(B) Schedule III Part II
(C) Schedule II
(D) Table A

98. Cash equivalents include:
(A) Inventory
(B) Debtors
(C) Short-term deposits
(D) Furniture

99. Preference shareholders get:
(A) Voting right
(B) Fixed dividend
(C) No dividend
(D) Interest

100. Final accounts of a company include:
(A) Trading A/c
(B) P&L Appropriation
(C) Statement of P&L and Balance Sheet
(D) Realisation A/c

Q.No	Ans	Q.No	Ans	Q.No	Ans	Q.No	Ans
1	C	26	A	51	B	76	B
2	B	27	C	52	C	77	A
3	A	28	B	53	A	78	B
4	C	29	A	54	B	79	B
5	B	30	D	55	C	80	C
6	B	31	B	56	B	81	A
7	D	32	B	57	A	82	A
8	D	33	C	58	C	83	B
9	A	34	B	59	B	84	A
10	B	35	B	60	D	85	A
11	C	36	B	61	A	86	B
12	A	37	B	62	C	87	C
13	B	38	A	63	B	88	B
14	A	39	B	64	B	89	B
15	A	40	C	65	A	90	B
16	B	41	A	66	A	91	D
17	B	42	B	67	A	92	A
18	A	43	C	68	B	93	A
19	A	44	D	69	B	94	C
20	B	45	A	70	A	95	A
21	B	46	C	71	C	96	B
22	A	47	B	72	B	97	A
23	B	48	A	73	C	98	C
24	A	49	D	74	C	99	B
25	C	50	B	75	C	100	C

📘 HBSE CLASS 12 ACCOUNTANCY

🎯 SECTIONWISE PYQs + REPEATED + MOST PREDICTED

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🟢 SECTION A – PARTNERSHIP ACCOUNTS

(Admission, Retirement, Death, Dissolution, Goodwill)

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🔁 Repeated PYQs (Years in Brackets)

1. Goodwill calculation on admission (2020, 2023, 2024)

2. Sacrificing Ratio calculation (2020, 2024)

3. Gaining Ratio calculation (2023, 2025)

4. Revaluation Account preparation (2023, 2024, 2025)

5. Capital Adjustment on admission (2024, 2025)

6. Dissolution – Realisation Account (2020, 2025)

7. Order of settlement in dissolution (2023, 2025)

8. Interest on Drawings (2023, 2024)

9. Accumulated Profits adjustment (2020, 2024)

10. Super Profit method of goodwill (2024, 2025)

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🔥 MOST PREDICTED (PARTNERSHIP) – BOLD LIST

1. Goodwill – 4 Years Purchase of Super Profit (Numerical)

2. Sacrificing Ratio + Journal Entry

3. Gaining Ratio with Retirement Case

4. Full Revaluation Account (Admission Case)

5. Capital Adjustment After Admission

6. Death of Partner – Executor Account

7. Interest on Drawings (Beginning/End of Month)

8. Dissolution – Realisation A/c + Cash A/c

9. Loan from Partner Treatment

10. Distribution of Accumulated Profits

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🔵 SECTION B – COMPANY ACCOUNTS

(Shares & Debentures)

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🔁 Repeated PYQs (Years in Brackets)

1. Issue of Shares at Premium (2023, 2024, 2025)

2. Over-subscription & Pro-rata Allotment (2024, 2025)

3. Forfeiture & Reissue of Shares (2023, 2025)

4. Issue of Debentures at Discount/Premium (2020, 2023)

5. Debenture Redemption (2024, 2025)

6. Securities Premium Utilisation (2023, 2024)

7. Convertible Debentures (2024, 2025)

8. Minimum Subscription (2023, 2024)

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🔥 MOST PREDICTED (COMPANY ACCOUNTS)

11. Forfeiture + Reissue (Full Journal Entry Case)

12. Pro-rata Allotment Numerical

13. Issue of Debentures at Discount & Redemption at Premium

14. Debentures Issued for Purchase of Assets

15. Calculation of Interest on Debentures

16. Capital Reserve Calculation after Reissue

17. Minimum Subscription Conceptual MCQ

18. Reserve Capital vs Capital Reserve Difference

19. Security Premium Usage Case

20. Convertible Debenture Meaning & Treatment

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🟣 SECTION C – FINANCIAL STATEMENT ANALYSIS

(Ratios + Cash Flow)

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🔁 Repeated PYQs (Years in Brackets)

1. Current Ratio calculation (2023, 2025)

2. Quick Ratio calculation (2024, 2025)

3. Inventory Turnover Ratio (2023, 2024)

4. Net Profit Ratio formula (2024, 2025)

5. Cash Flow from Investing Activities (2023, 2025)

6. Cash Flow – Sale of Fixed Asset (2024, 2025)

7. Operating Activities adjustments (2023, 2024)

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🔥 MOST PREDICTED (FINANCIAL ANALYSIS)

21. Current Ratio Numerical

22. Quick Ratio Numerical

23. Inventory Turnover Ratio (With GP %)

24. Debt Equity Ratio

25. Net Profit Ratio Formula Based Question

26. Cash Flow from Investing Activities (Machine Sale Case)

27. Cash Flow – Building Sale with Accumulated Depreciation

28. Depreciation Adjustment in Operating Activities

29. Increase/Decrease in Working Capital Effect

30. Difference between Liquidity & Solvency Ratios

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💥 TOTAL 50 MOST PREDICTED (FULL LIST)

31. Goodwill – Average Profit Method
32. Goodwill – Super Profit Method
33. Sacrificing Ratio Numerical
34. Gaining Ratio Numerical
35. Revaluation Account (Full 5 Mark Case)
36. Capital Adjustment After Admission
37. Death of Partner – Final Settlement
38. Dissolution – Realisation Account
39. Dissolution – Cash Account Preparation
40. Interest on Capital (In Absence of Deed)
41. Forfeiture of Shares (Full Working)
42. Reissue of Shares at Discount
43. Issue of Debentures at Par/Premium/Discount
44. Debentures Issued for Consideration Other Than Cash
45. Debenture Redemption at Premium
46. Security Premium Reserve Treatment
47. Current Ratio Practical Question
48. Quick Ratio Practical Question
49. Cash Flow from Operating Activities (Indirect Method)
50. Cash Flow from Investing Activities (Fixed Asset Case)

🟢 SECTION A – PARTNERSHIP ACCOUNTS

(Concept + Numerical Detailed Solutions)

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1. Goodwill – Average Profit Method

Question:
Average Profit ₹60,000; Goodwill valued at 3 years purchase.

Solution:
Goodwill = Average Profit × No. of Years
= 60,000 × 3
= ₹1,80,000

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2. Goodwill – Super Profit Method

Average Profit = ₹70,000
Capital Employed = ₹5,00,000
Normal Rate of Return = 10%

Normal Profit = 5,00,000 × 10% = ₹50,000
Super Profit = 70,000 – 50,000 = ₹20,000

Goodwill (4 years purchase) = 20,000 × 4
= ₹80,000

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3. Sacrificing Ratio

Old Ratio = 3:2
New Ratio = 2:2

A’s sacrifice = 3/5 – 2/4 = 12/20 – 10/20 = 2/20
B’s sacrifice = 2/5 – 2/4 = 8/20 – 10/20 = (-2/20) (gain)

So Sacrificing Ratio = 2 : 0

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4. Gaining Ratio (Retirement Case)

Old Ratio = 4:1
New Ratio = 3:2

Gain of A = 3/5 – 4/5 = (-1/5)
Gain of B = 2/5 – 1/5 = 1/5

Gaining Ratio = 1 : 1

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5. Revaluation Account (Admission)

Increase in Building ₹20,000
Decrease in Stock ₹5,000

Revaluation Profit = 20,000 – 5,000 = ₹15,000

Distributed in old ratio.

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6. Capital Adjustment

New Partner brings ₹1,00,000 as capital
Old partner’s capital required in new ratio = ₹2,00,000

Adjustment made through Cash A/c.

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7. Death of Partner – Executor Account

Share of profit till death = ₹30,000
Goodwill share = ₹20,000
Capital = ₹1,50,000

Total Payable to Executor =
= 30,000 + 20,000 + 1,50,000
= ₹2,00,000

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8. Interest on Drawings

₹5,000 per month at beginning
Rate = 12%

Interest = 5,000 × 12 × 6.5/12 × 12%
= ₹3,900

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9. Dissolution – Realisation A/c

Assets realised ₹2,00,000
Liabilities ₹1,20,000
Expenses ₹10,000

Profit = 2,00,000 – (1,20,000 + 10,000)
= ₹70,000

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10. Loan from Partner Treatment

Loan is paid after outside creditors but before capital repayment.

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🔵 SECTION B – COMPANY ACCOUNTS

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11. Issue of Shares at Premium

₹10 share issued at ₹12
Premium = ₹2

Entry:
Bank A/c Dr 12
To Share Capital 10
To Securities Premium 2

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12. Pro-rata Allotment

Applied 15,000 shares
Issued 10,000

Ratio = 2:3

Excess adjusted in allotment.

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13. Forfeiture of Shares

₹10 share, ₹8 called up
₹2 unpaid

Entry:
Share Capital Dr 8
To Share Forfeiture 6
To Calls in Arrears 2

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14. Reissue of Shares

Reissued at ₹9

Bank Dr 9
Share Forfeiture Dr 1
To Share Capital 10

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15. Capital Reserve

Forfeiture = ₹6
Discount on reissue = ₹1
Transferred to Capital Reserve = ₹5

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16. Issue of Debentures at Discount

₹1,00,000 debentures at 5% discount

Discount = ₹5,000

Entry:
Bank Dr 95,000
Discount Dr 5,000
To Debentures 1,00,000

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17. Redemption at Premium

Premium debited to P&L or Securities Premium.

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18. Debentures Issued for Asset Purchase

Asset A/c Dr
To Debentures A/c

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19. Interest on Debentures

₹2,00,000 @ 8%

Interest = ₹16,000

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20. Minimum Subscription

Company must receive at least 90% subscription.

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🟣 SECTION C – FINANCIAL ANALYSIS

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21. Current Ratio

CA = ₹1,20,000
CL = ₹60,000

Current Ratio = 2 : 1

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22. Quick Ratio

Quick Assets = CA – Inventory
= 1,20,000 – 20,000
= 1,00,000

QR = 1,00,000 / 60,000
= 1.67 : 1

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23. Inventory Turnover Ratio

Opening = 70,000
Closing = 80,000

Average = 75,000

COGS = 75,000 × 6 = ₹4,50,000

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24. Net Profit Ratio

NP = 50,000
Sales = 5,00,000

= 10%

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25. Debt Equity Ratio

Debt = 3,00,000
Equity = 2,00,000

= 1.5 : 1

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26. Cash Flow – Machine Sale

Machine Cost = 50,000
Accum Dep = 20,000
Book Value = 30,000
Sold = 35,000

Gain = 5,000

Cash Inflow (Investing) = ₹35,000

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27. Depreciation Adjustment

Depreciation added back in Operating Activity.

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28. Increase in Working Capital

Increase → Cash Outflow

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29. Cash Flow – Building Case

Sale of building → Investing inflow

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30. Liquidity vs Solvency

Liquidity → Short term ability
Solvency → Long term stability

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💥 Remaining 20 Predicted Concept-Based Short Solutions (31–50)

31. Goodwill = Average Profit × Years Purchase
32. Super Profit = AP – NP
33. Sacrificing Ratio = Old – New
34. Gaining Ratio = New – Old
35. Revaluation Profit → Old Partners
36. Capital Adjustment → Cash/Current A/c
37. Executor A/c → Death Case
38. Realisation A/c prepared at Dissolution
39. Cash A/c shows final settlement
40. Interest on Capital allowed only if deed says
41. Share Capital debited on forfeiture
42. Share Forfeiture used for discount
43. Debentures are long-term liabilities
44. Securities Premium shown under Reserves
45. Convertible Debentures → Equity conversion
46. Cash Flow prepared as per AS-3
47. Inventory excluded in Quick Ratio
48. Dividend paid → Financing Activity
49. Depreciation → Non-cash expense
50. Schedule III → Companies Act format

🎯 HBSE CLASS 12 ACCOUNTANCY

🔥 50 MOST PREDICTED FULL 5–6 MARK QUESTIONS (2026 BOARD READY)

(पूरी तरह 2020–2025 बोर्ड ट्रेंड आधारित – Long Answer Pattern)

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🟢 SECTION A – PARTNERSHIP ACCOUNTS

(Admission, Retirement, Death, Dissolution)

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🔥 ADMISSION OF PARTNER (5–6 Marks)

1. A और B 3:2 के अनुपात में लाभ बाँटते हैं। वे C को 1/5 हिस्सेदारी पर प्रवेश देते हैं। Goodwill ₹1,00,000 है। Sacrificing Ratio ज्ञात करें और आवश्यक Journal Entries पास करें।

2. X और Y साझेदार हैं। Revaluation के समय भवन ₹40,000 बढ़ा और स्टॉक ₹10,000 घटा। Revaluation Account तैयार करें।

3. A और B की पूँजी क्रमशः ₹2,00,000 और ₹1,50,000 है। C ₹1,00,000 पूँजी और ₹50,000 Goodwill लाता है। Capital Adjustment कीजिए।

4. Goodwill – Average Profit Method: पिछले 4 वर्षों का लाभ दिया गया है। 3 वर्ष की खरीद पर Goodwill की गणना कीजिए।

5. Super Profit Method से Goodwill ज्ञात कीजिए: Capital ₹6,00,000; NRR 10%; Average Profit ₹90,000।

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🔥 RETIREMENT / DEATH (5–6 Marks)

6. P, Q, R साझेदार 2:2:1 में लाभ बाँटते हैं। Q सेवानिवृत्त होता है। Gaining Ratio ज्ञात करें।

7. Retirement के समय Accumulated Profit ₹30,000 है। उसका समायोजन करें।

8. Death of Partner: मृत साझेदार की पूँजी ₹1,50,000; Goodwill ₹40,000; लाभ का हिस्सा ₹20,000। Executor Account तैयार करें।

9. Retiring partner को भुगतान की Journal Entries पास करें।

10. Interest on Drawings की गणना करें (माह की शुरुआत में निकासी)।

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🔥 DISSOLUTION (Most Important – हर साल आता है)

11. Dissolution के समय Realisation Account तैयार करें (Assets & Liabilities दिए गए हों)।

12. Realisation Profit/Loss की गणना करें और साझेदारों में बाँटें।

13. Partner’s Loan Settlement की प्रक्रिया समझाइए।

14. Insolvency of Partner (Garner v. Murray rule) लागू करें।

15. Cash Account तैयार करें (Final Settlement Case)।

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🔵 SECTION B – COMPANY ACCOUNTS

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🔥 ISSUE OF SHARES (Most Repeated)

16. 10,000 Shares ₹10 के, ₹2 प्रीमियम पर जारी। Journal Entries पास करें।

17. Over-subscription Case (Pro-rata Allotment सहित)।

18. Forfeiture of Shares – ₹8 called up, ₹2 unpaid।

19. Reissue of forfeited shares at discount।

20. Capital Reserve की गणना करें।

21. Minimum Subscription की शर्त समझाइए।

22. Securities Premium का उपयोग लिखिए।

23. Shares issued for purchase of assets – Journal Entry।

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🔥 DEBENTURES (Very Important 5–6 Marks)

24. ₹2,00,000 Debentures 5% discount पर जारी। Entry पास करें।

25. Debentures issued at Premium & redeemed at Premium।

26. Debentures issued for consideration other than cash।

27. Interest on Debentures की गणना और Entry।

28. Debenture Redemption Reserve की आवश्यकता।

29. Convertible Debentures का अर्थ व लेखांकन।

30. Loss on Issue of Debentures की अमूर्त संपत्ति के रूप में प्रस्तुति।

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🟣 SECTION C – FINANCIAL STATEMENT ANALYSIS

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🔥 RATIO ANALYSIS (5–6 Marks Case Based)

31. Current Ratio ज्ञात करें (Balance Sheet से आंकड़े दिए हों)।

32. Quick Ratio की गणना करें।

33. Inventory Turnover Ratio निकालें।

34. Debt Equity Ratio की गणना।

35. Net Profit Ratio ज्ञात करें।

36. Return on Investment (ROI) निकालें।

37. Working Capital में परिवर्तन ज्ञात करें।

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🔥 CASH FLOW STATEMENT (Sure Shot 6 Marks)

38. Operating Activities (Indirect Method) से Cash Flow तैयार करें।

39. Investing Activities तैयार करें (Machine Sale Case)।

40. Financing Activities तैयार करें (Share Issue + Dividend Paid)।

41. Depreciation Adjustment Case।

42. Building Sale with Accumulated Depreciation Case।

43. Preparation of Complete Cash Flow Statement (Full Format)।

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🔥 FINAL HIGH PROBABILITY (Concept + Case Mix)

44. Difference between Liquidity & Solvency Ratios।

45. Schedule III Format of Balance Sheet समझाइए।

46. Comparison between Share & Debenture।

47. Difference between Capital Reserve & Reserve Capital।

48. Treatment of Goodwill in Admission & Retirement।

49. Order of Settlement in Dissolution।

50. Difference between Operating, Investing & Financing Activities (Examples सहित)।

🎯 FINAL BOARD STRATEGY

✔ Partnership से 2 Long Question लगभग निश्चित
✔ Shares/Debentures से 1–2 Long
✔ Cash Flow से 1 Full Question
✔ Ratio से 1 Practical

अगर ये 50 Long Questions तैयार हैं →
तो 90% पेपर कवर 💯

📘 HBSE CLASS 12 ACCOUNTANCY

🔥 100 RAPID FIRE QUESTIONS (हिंदी में)

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🟢 SECTION A – PARTNERSHIP ACCOUNTS

1. साझेदारी अधिनियम किस वर्ष लागू हुआ?

2. साझेदारी फर्म में अधिकतम कितने साझेदार हो सकते हैं?

3. Goodwill किस प्रकार की अमूर्त संपत्ति है?

4. Sacrificing Ratio कब निकाला जाता है?

5. Gaining Ratio कब निकाला जाता है?

6. Revaluation Account किस अवसर पर बनाया जाता है?

7. Accumulated Profit किस खाते में स्थानांतरित किया जाता है?

8. Interest on Drawings आय है या व्यय?

9. Interest on Capital कब दिया जाता है?

10. Super Profit क्या होता है?

11. Average Profit Method में Goodwill कैसे निकाली जाती है?

12. Normal Profit कैसे निकाला जाता है?

13. Dissolution के समय सबसे पहले भुगतान किसे किया जाता है?

14. Realisation Account क्यों बनाया जाता है?

15. Loan from Partner का भुगतान कब किया जाता है?

16. Executor Account कब बनाया जाता है?

17. मृत साझेदार का लाभ कैसे निकाला जाता है?

18. Capital Adjustment कब किया जाता है?

19. Old Ratio से New Ratio घटाने पर क्या मिलता है?

20. New Ratio से Old Ratio घटाने पर क्या मिलता है?

21. Partnership Deed न होने पर ब्याज दर कितनी मानी जाती है?

22. Goodwill की खरीद का अर्थ क्या है?

23. Revaluation Profit किसे मिलता है?

24. Revaluation Loss कौन वहन करता है?

25. Garner v. Murray नियम कब लागू होता है?

26. Insolvent Partner का अर्थ क्या है?

27. Dissolution और Retirement में अंतर क्या है?

28. Capital Account कितने प्रकार का होता है?

29. Fluctuating Capital Method क्या है?

30. Fixed Capital Method में Current Account क्यों खोला जाता है?

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🔵 SECTION B – COMPANY ACCOUNTS

31. Share Capital किस प्रकार की पूंजी है?

32. Preference Share क्या होता है?

33. Equity Shareholder को क्या अधिकार होता है?

34. Securities Premium कहाँ दिखाया जाता है?

35. Minimum Subscription कितनी होनी चाहिए?

36. Over-subscription का अर्थ क्या है?

37. Pro-rata Allotment क्या है?

38. Forfeiture of Shares कब होता है?

39. Reissue of Shares किस खाते से संबंधित है?

40. Capital Reserve कैसे बनता है?

41. Reserve Capital क्या है?

42. Share Capital और Share Application में अंतर क्या है?

43. Debenture Holder कौन होता है?

44. Debenture Interest किस प्रकार का व्यय है?

45. Convertible Debenture क्या है?

46. Debentures पर ब्याज कब देय होता है?

47. Discount on Issue of Debentures किस प्रकार की संपत्ति है?

48. Debenture Redemption Reserve क्यों बनाया जाता है?

49. Shares issued for purchase of assets का अर्थ क्या है?

50. Calls in Arrears क्या है?

51. Calls in Advance किस प्रकार की देनदारी है?

52. Share Allotment Account कब बनाया जाता है?

53. Securities Premium का उपयोग किन कार्यों में होता है?

54. Share Capital की अधिकतम सीमा क्या कहलाती है?

55. Issued Capital क्या है?

56. Subscribed Capital क्या है?

57. Paid-up Capital क्या है?

58. Uncalled Capital क्या है?

59. Bonus Share क्या है?

60. Right Issue क्या है?

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🟣 SECTION C – FINANCIAL STATEMENT ANALYSIS

61. Current Ratio का सूत्र क्या है?

62. Ideal Current Ratio कितना माना जाता है?

63. Quick Ratio में कौन-सी संपत्ति शामिल नहीं होती?

64. Net Profit Ratio का सूत्र क्या है?

65. Gross Profit Ratio कैसे निकाला जाता है?

66. Debt Equity Ratio क्या दर्शाता है?

67. Inventory Turnover Ratio क्या बताता है?

68. Working Capital कैसे निकाला जाता है?

69. Increase in Current Assets का नकद पर क्या प्रभाव पड़ता है?

70. Increase in Current Liabilities का नकद पर क्या प्रभाव पड़ता है?

71. Cash Flow Statement किस मानक के अनुसार बनता है?

72. Depreciation नकद व्यय है या गैर-नकद?

73. Sale of Machinery किस गतिविधि में दिखाया जाता है?

74. Issue of Shares किस गतिविधि में आता है?

75. Dividend Paid किस गतिविधि में आता है?

76. Purchase of Building किस गतिविधि में आएगा?

77. Operating Activities क्या हैं?

78. Investing Activities क्या हैं?

79. Financing Activities क्या हैं?

80. Cash Equivalents क्या होते हैं?

81. Schedule III किस अधिनियम से संबंधित है?

82. Balance Sheet किस भाग में आती है?

83. Profit & Loss Statement किस भाग में आता है?

84. Revenue from Operations क्या है?

85. Cost of Revenue from Operations क्या है?

86. Accumulated Depreciation कहाँ दिखती है?

87. Provision for Tax क्या है?

88. Cash Flow के कितने भाग होते हैं?

89. Indirect Method में किससे शुरुआत होती है?

90. Gain on Sale of Asset का क्या समायोजन होता है?

91. Loss on Sale of Asset का क्या समायोजन होता है?

92. Increase in Debtors का प्रभाव क्या है?

93. Decrease in Stock का प्रभाव क्या है?

94. Liquidity Ratio का उद्देश्य क्या है?

95. Solvency Ratio क्या दर्शाता है?

96. ROI का पूरा नाम क्या है?

97. Return on Investment का सूत्र क्या है?

98. Working Capital Turnover Ratio क्या दर्शाता है?

99. Cash Flow Statement और Fund Flow Statement में अंतर क्या है?

100. Final Accounts of Company में कौन-कौन से विवरण शामिल होते हैं?

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🎯 ये 100 Rapid Fire Questions =

✔ 1 Mark Objective
✔ Concept Clear
✔ 30 Minute Revision
✔ Board से पहले Quick Booster

📘 HBSE CLASS 12 ACCOUNTANCY

✅ ANSWER SHEET (1–100) – IN ENGLISH

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🟢 SECTION A – PARTNERSHIP ACCOUNTS

1. 1932

2. 50 partners

3. Intangible asset

4. At the time of Admission

5. At the time of Retirement/Death

6. At Admission, Retirement, Death

7. Capital Account

8. Income of the firm

9. When provided in Partnership Deed

10. Excess of Average Profit over Normal Profit

11. Average Profit × Years’ Purchase

12. Capital Employed × Normal Rate of Return

13. Outside Creditors

14. To realize assets and settle liabilities

15. After outside creditors, before capital

16. At the death of a partner

17. On the basis of last agreed profit or time proportion

18. At the time of admission/retirement

19. Sacrificing Ratio

20. Gaining Ratio

21. 6% p.a. (Interest on loan only)

22. Compensation to old partners

23. Old partners in old ratio

24. Old partners in old ratio

25. When a partner becomes insolvent

26. A partner unable to pay his dues

27. Dissolution ends firm; retirement does not

28. Two – Fixed & Fluctuating

29. Capital changes every year

30. To record adjustments separately

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🔵 SECTION B – COMPANY ACCOUNTS

31. Owned capital

32. Share with fixed dividend

33. Voting right

34. Under Reserves & Surplus

35. 90%

36. Applications received more than shares offered

37. Proportional allotment

38. When call money is unpaid

39. Share Forfeiture Account

40. From capital profit

41. Part of uncalled capital called on liquidation

42. Application is temporary; capital is permanent

43. Creditor of the company

44. Finance cost

45. Debenture convertible into shares

46. Half-yearly or yearly

47. Fictitious asset / Deferred revenue expenditure

48. For redemption safety

49. Shares issued against asset purchase

50. Unpaid call money

51. Current liability

52. At the time of allotment

53. Bonus issue, writing off expenses, etc.

54. Authorised Capital

55. Part of authorised capital issued

56. Portion subscribed by public

57. Amount paid by shareholders

58. Uncalled portion of subscribed capital

59. Shares issued free of cost

60. Shares offered to existing shareholders

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🟣 SECTION C – FINANCIAL STATEMENT ANALYSIS

61. Current Assets / Current Liabilities

62. 2 : 1

63. Inventory

64. Net Profit / Revenue × 100

65. Gross Profit / Revenue × 100

66. Relationship between debt and equity

67. Efficiency of inventory usage

68. Current Assets – Current Liabilities

69. Decrease in cash

70. Increase in cash

71. AS–3

72. Non-cash expense

73. Investing Activity

74. Financing Activity

75. Financing Activity

76. Investing Activity

77. Day-to-day business activities

78. Purchase/sale of fixed assets

79. Capital & borrowing activities

80. Short-term highly liquid investments

81. Companies Act, 2013

82. Schedule III Part I

83. Schedule III Part II

84. Revenue from main operations

85. Cost of goods sold

86. Deducted from fixed asset

87. Current liability

88. Three

89. Net Profit before tax

90. Deducted from operating profit

91. Added back in operating section

92. Decrease in cash

93. Increase in cash

94. Short-term solvency

95. Long-term stability

96. Return on Investment

97. Net Profit / Capital Employed × 100

98. Efficiency of working capital use

99. Cash basis vs Fund basis difference

100. Statement of Profit & Loss and Balance Sheet

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🎯 Rapid Fire Revision Tip

अगर छात्र इन 100 answers को 3 बार revise कर लें →
✔ MCQ section 100% strong
✔ Case-based questions easy
✔ Ratios & Cash Flow clear