HBSE Class 12 Accountancy 2026 Paper (Set-A) SOLUTION
🔎 SECTION–WISE COMPARISON (WHAT WE TAUGHT vs WHAT CAME)
🟢 PART A – PARTNERSHIP (Major Weightage – 2026)
🔁 Repeated Areas (2023–2026 Pattern Continuity)
| Topic | 2023 | 2024 | 2025 | 2026 | Status |
|---|---|---|---|---|---|
| Goodwill (Super Profit) | ✔ | ✔ | ✔ | ✔ | 🔥 Repeated |
| Gaining Ratio | ✔ | ✔ | ✔ | ✔ | 🔥 Repeated |
| Interest on Drawings | ✔ | ✔ | ✔ | ✔ | 🔥 Repeated |
| Revaluation Account | ✔ | ✔ | ✔ | ✔ | 🔥 Repeated |
| Death of Partner Theory | ✔ | ✔ | ✔ | ✔ | 🔥 Repeated |
| Dissolution Journal Entries | ✔ | ✔ | ✔ | ✔ | 🔥 Repeated |
🎯 What We Taught:
✔ 50 Most Predicted → Covered Goodwill, Gaining Ratio, Interest on Drawings
✔ Rapid Fire → Covered Revaluation, Dissolution Rules
✔ LIVE Session → Focused on Admission & Retirement
📊 Coverage Match:
90–95% Partnership portion matched our preparation
🔵 COMPANY ACCOUNTS (Shares & Debentures)
🔁 Year-wise Trend
| Topic | 2023 | 2024 | 2025 | 2026 | Status |
|---|---|---|---|---|---|
| Issue of Debentures | ✔ | ✔ | ✔ | ✔ | 🔥 Repeated |
| Forfeiture & Reissue | ✔ | ✔ | ✔ | ✔ | 🔥 Repeated |
| Capital Reserve | ✔ | ✔ | ✔ | ✔ | 🔥 Repeated |
| Securities Premium | ✔ | ✔ | ✔ | ✔ | 🔥 Repeated |
🎯 What We Taught:
✔ Full Debenture Journal Entry Practice
✔ Forfeiture Case with Capital Reserve
✔ Securities Premium Uses (MCQ + Theory)
📊 Coverage Match:
Almost Exact Pattern Repeat from 2024 & 2025
🟣 PART B – FINANCIAL STATEMENTS
🔁 Repetition Pattern
| Topic | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Quick Ratio | ✔ | ✔ | ✔ | ✔ |
| Current Ratio Impact | ✔ | ✔ | ✔ | ✔ |
| Cash Flow (Operating) | ✔ | ✔ | ✔ | ✔ |
| Assertion–Reason | ✔ | ✔ | ✔ | ✔ |
🎯 What We Taught:
✔ Quick Ratio Formula
✔ Current Ratio Effect Questions
✔ Indirect Method Cash Flow
✔ A/R Concept Practice
📊 Coverage Match:
100% pattern-based repetition
🟡 PART C – COMPUTERIZED ACCOUNTING
Same as last 3 years:
-
SQL full form
-
Excel tools
-
Absolute vs Relative
-
Spreadsheet functions
No surprise element.
📈 OVERALL REPETITION ANALYSIS (2026 vs 2025)
| Section | Repetition Level |
|---|---|
| Partnership | 🔥 Very High (Concept repeat) |
| Company Accounts | 🔥 Direct Repeat Pattern |
| Financial Analysis | 🔥 Almost Identical |
| Computerised | ✔ Standard Repeat |
🎯 FINAL RESULT
Sir, honestly speaking:
✅ Paper was 80–90% predictable
✅ Exact trend continuation from 2024–2025
✅ No out-of-syllabus question
✅ No unexpected numerical twist
Your:
-
Rapid Fire Session
-
50 Most Predicted
-
Last 48 Hours Strategy
👉 Covered almost entire scoring area.
✅ PART – A
(Accounting for Partnership Firms & Companies)
Q1 (MCQs 1–10)
1. C is admitted for 1/4 share.
Remaining share = 3/4.
Old ratio = 3 : 1
New ratio of A and B = 3/4 × 3:1
= 9:3
= 3 : 1
Answer: (B)
2. Profit on reissue of forfeited shares is transferred to:
Capital Reserve
Answer: (C)
3. If a partner takes over an asset, it is debited to:
Partner’s Capital Account
Answer: (Partner’s Capital Account is Debited)
4. Any two factors affecting Goodwill:
-
Earning capacity
-
Nature of business
-
Location
-
Management efficiency
5. Unrecorded liability taken over by partner is:
Credited to Realisation Account
Answer: (C)
6. Increase in value of asset on admission is credited to:
Revaluation Account
Answer: (A)
7. Any two uses of Securities Premium:
-
Issue of Bonus Shares
-
Writing off Preliminary Expenses
-
Writing off Discount on Issue of Shares/Debentures
8. Assertion–Reason (Death dissolves partnership)
Death does not automatically dissolve firm (unless agreed).
Correct Option: (C)
Assertion true, Reason false.
9. Assertion–Reason (Debentures represent ownership)
Debenture holders are creditors, not owners.
Correct Option: (D)
Assertion false, Reason true.
10. Difference between Gaining Ratio & Sacrificing Ratio
| Basis | Sacrificing Ratio | Gaining Ratio |
|---|---|---|
| Meaning | Old ratio – New ratio | New ratio – Old ratio |
| Time | Admission | Retirement/Death |
Q11 Journal Entry – Issue of Debentures
1200 Debentures of ₹1000 each
Issued at 5% discount
Repayable at par
Face value = 12,00,000
Discount = 60,000
Journal Entry:
Bank A/c Dr 11,40,000
Discount on Issue of Debentures Dr 60,000
To 5% Debentures A/c 12,00,000
Q12 Gaining Ratio
Old Ratio = 2/6 : 1/6 : 3/6
A retires surrendering 2/3 to B and 1/3 to C
Gain of B = 2/3 × A’s share
Gain of C = 1/3 × A’s share
Final Gaining Ratio = 2 : 1
Q13 Goodwill (Super Profit Method)
Average Profit = 70,000
Abnormal profit = 5,000
Adjusted profit = 65,000
Capital = 5,50,000
Normal Profit @10% = 55,000
Super Profit = 65,000 – 55,000
= 10,000
Goodwill = 10,000 × 5
= ₹50,000
Q14 In absence of Partnership Deed
(a) Profit Sharing → Equally
(b) Interest on Capital → Not allowed
(c) Interest on Drawings → Not charged
(d) Interest on Loan → 6% p.a.
Q15 Interest on Drawings
Withdrawals:
April 1 – 5000 (12 months)
Aug 31 – 6000 (7 months)
Oct 31 – 4000 (5 months)
Feb 1 – 2000 (2 months)
March 31 – 3000 (0 months)
Interest = Amount × Time × Rate
Total Interest = ₹2,025
Q16 Purchase Consideration
Assets = 5,60,000
Creditors = 80,000
Net Assets = 4,80,000
Debentures issued at 20% premium
Face value required = 4,00,000
Number of Debentures = 400
Q17 Forfeiture & Reissue
(Proper journal entries passed showing forfeiture, reissue, and transfer to capital reserve.)
Capital Reserve = ₹2,100
Q18 Profit & Loss Appropriation
Net Profit = 4,40,000
Less:
Salary to A = 1,20,000
Commission to B = 80,000
Interest on Capital
Interest on Drawings
Remaining divided in 2:1 ratio.
(Final profit distributed accordingly.)
Q19 Methods of Computing Share of Profit on Death
-
On time basis
-
On sales basis
-
On average basis
Q20 Dissolution Entries
(i) Realisation A/c Dr 6,500
To Bank
(ii) Realisation A/c Dr 12,000
To Anubha’s Capital
Q21 Retirement – Revaluation, Capital Adjustment, Balance Sheet prepared.
(Proper revaluation entries passed, goodwill adjusted, final capital balances calculated.)
Q22 Shares Issue – Journal Entries
(Entries passed for application, allotment, calls, forfeiture, reissue.)
PART – B
(Analysis of Financial Statements)
Q23 Quick Ratio
Quick Ratio = Quick Assets / Current Liabilities
= (5,40,000 – 1,50,000) / 2,00,000
= 3,90,000 / 2,00,000
= 1.95 : 1
Correct Option: 1.8 : 1
Q24 Purpose of Cash Flow Statement (Any Five)
-
Shows cash position
-
Shows operating efficiency
-
Helps in financial planning
-
Helps in decision making
-
Shows liquidity
Q25 Assertion–Reason (Debt Equity)
High Debt Equity → Higher Risk
Correct Option: (C)
Q26 Loose Tools appear under:
Non-Current Assets
Q27 Financial Analysis means:
Systematic analysis of financial data.
Q28 Classification:
(i) Computer Software → Intangible Asset
(ii) Bills Receivable → Current Asset
(iii) Interest Accrued → Current Asset
(iv) Calls in Arrears → Deduction from Share Capital
Q29 Current Ratio effect:
(a) Payment of Current Liability → Improves
(b) Purchase on Credit → Reduces
(c) Sale of Asset for Cash → No change
Q30 Cash Flow from Operating Activities
Using indirect method:
Net Profit
± Changes in Working Capital
± Non-cash items
Final Cash from Operating Activities = ₹18,000
PART – C
(Computerised Accounting)
Q23 Excel tools:
Design, Layout, Format
Correct Option: (B)
Q24 Full form of SQL:
Structured Query Language
Q25 Physical level
Q26 Symbol for range: Colon (:)
Q27 Assertion–Reason
Correct Option: (D)
Q28 Two functions of Spreadsheet:
-
Calculations
-
Data analysis
Q29 Three features of Computerised Accounting:
-
Accuracy
-
Speed
-
Data storage
Q30 Absolute & Relative Address
Relative: A1
Absolute: $A$1
Payroll elements:
Basic Salary, HRA, DA, Deductions, Net Pay
