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Accountancy · Class 12 Commerce

Bihar Bseb Class 12 Accountancy — Real Previous-Year Papers

with complete answers

Real previous-year board papers, year by year — the official exam pattern, the full question paper, and every question solved the concept-first way. Distinct from the chapter-wise textbook bank.

2023–2025
Years of papers
2
Total Papers
2
Real Board Papers
0
Sample papers
276
Real-paper Q & A
0
Sample-paper Q & A

Real board-paper questions available, by year

—2026Paper not yet available
138 Q2025complete
—2024Paper not yet available
138 Q2023complete
—2022Paper not yet available
—2021Paper not yet available
—2020Paper not yet available

2026 — Paper not yet available: The BSEB (Bihar) Intermediate commerce exam was held this year, but no verified English-readable question paper for this subject is available from the sources we check. We publish only a paper we can verify against a real printed original — it will appear here once it is.

2024 — Paper not yet available: The BSEB (Bihar) Intermediate commerce exam was held this year, but no verified English-readable question paper for this subject is available from the sources we check. We publish only a paper we can verify against a real printed original — it will appear here once it is.

2022 — Paper not yet available: The BSEB (Bihar) Intermediate commerce exam was held this year, but no verified English-readable question paper for this subject is available from the sources we check. We publish only a paper we can verify against a real printed original — it will appear here once it is.

2021 — Paper not yet available: The BSEB (Bihar) Intermediate commerce exam was held this year, but no verified English-readable question paper for this subject is available from the sources we check. We publish only a paper we can verify against a real printed original — it will appear here once it is.

2020 — Paper not yet available: The BSEB (Bihar) Intermediate commerce exam was held this year, but no verified English-readable question paper for this subject is available from the sources we check. We publish only a paper we can verify against a real printed original — it will appear here once it is.

BSEB Bihar Intermediate (Class-12) Commerce Board 2025 · Set ANNUAL

Real board examination

About this paper

The real Class-12 board examination held in 2025. Every question below is solved the concept-first way. Sample papers are labelled honestly — never shown as a past exam.

Total marks
—
Questions
—
Duration
—
Sections
—

The marks / questions / duration above are the official exam pattern. We currently have 138 of this paper’s questions, with 138 fully solved. Questions we couldn’t yet extract or verify are held — never shown as complete.

The question paper

The questions we hold for this paper, laid out by section. Solutions are on the Answers tab.

Board Examination

Accountancy

BSEB Bihar Intermediate (Class-12) Commerce Board 2025 · Set ANNUAL

Series/Set: ANNUALRoll No. ________
Time Allowed: —Maximum Marks: —
Section A

Q1.
In the absence of partnership deed, partners are not entitled to get (A) Salaries (B) Commission (C) Interest on capital (D) All of these
[1]
Q2.
A new partner brings for his share of Goodwill (A) Cash (B) Capital (C) Both (A) and (B) (D) None of these
[1]
Q3.
Which of the following is a nature of goodwill ? (A) Rat goodwill (B) Cat goodwill (C) Dog goodwill (D) All of these
[1]
Q4.
Under superprofit basis goodwill is calculated by (A) Purchase year x Average profit (B) Purchase year x Superprofit (C) Purchase year ÷ Average profit (D) None of these
[1]
Q5.
Factor(s) that affect(s) goodwill is/are (A) Favourable location (B) Capital required (C) Efficiency of management (D) All of these
[1]
Q6.
What do you understand by superprofit ? (A) Total profit ÷ No. of years (B) Average profit – Normal profit (C) Weighted profit ÷ No. of years purchase (D) None of these
[1]
Page 1 of 16
Q7.
General Reserve Account always shows (A) Debit Balance (B) Credit Balance (C) Both (A) and (B) (D) None of these
[1]
Q8.
Revaluation Account is a (A) Personal A/c (B) Real A/c (C) Nominal A/c (D) None of these
[1]
Q9.
Excess of credit side over the debit side in Revaluation Account is called (A) Profit (B) Loss (C) Receipt (D) Expense
[1]
Q10.
Equal profit ratio of three partners is (A) 1/2 : 1/3 : 1/6 (B) 4/9 : 1/3 : 2/9 (C) 1/3 : 1/3 : 1/3 (D) 1/2 : 1/4 : 1/4
[1]
Q11.
According to Companies (Share capital and Debenture) Rules, 2014 by which percentage of the amount of debentures will have to create Debenture Redemption Reserve, before the commencement of redemption of debentures ? (A) 25% (B) 50% (C) 100% (D) Zero
[1]
Q12.
Deep Ltd. issued 10,00,000, 7% debentures of Rs. 100 each at a discount of 4%, redeemable after 5 years at a premium of 6%. Loss on the issue of debenture is (A) Rs. 10,00,000 (B) Rs. 6,00,000 (C) Rs. 4,00,000 (D) None of these
[1]
Q13.
The balance of 'Sinking Fund Account' after the redemption of debentures is transferred to (A) Profit Loss Statement (B) General Reserve A/c (C) Sinking Fund A/c (D) None of these
[1]
Q14.
When debentures are issued at par and are redeemable at a premium, the loss on such an issue is debited to (A) Profit Loss Statement (B) Debenture Application Allotment A/c (C) Loss on Issue of Debenture A/c (D) Premium on Redemption A/c
[1]
Q15.
Method(s) of redemption of debenture is/are (A) Redemption by conversion (B) Redemption on instalments (C) Lumpsum payment method (D) All of these
[1]
Q16.
Sale of marketable securities will be shown under (A) Operating activities (B) Financing activities (C) Investing activities (D) Cash cash equivalent
[1]
Page 2 of 16
Q17.
Provision for Tax is (A) Current liabilities (B) Internal reserve (C) Both (A) and (B) (D) None of these
[1]
Q18.
An annual report is issued by a company for (A) Directors (B) Management (C) Shareholders (D) Auditors
[1]
Q19.
Financial Statement is (A) Anticipated fact (B) Recorded fact (C) Estimated fact (D) None of these
[1]
Q20.
Patents and copyrights fall under which category ? (A) Current Assets (B) Liquid Assets (C) Intangible Assets (D) All of these
[1]
Q21.
On death of a partner, the firm gets for joint life policy taken for all partners is (A) Policy amount (B) Surrender value (C) Policy amount of deceased partner (D) Surrender value of all partners
[1]
Q22.
On the death of a partner, final payment is made through (A) Capital A/c (B) Executor's A/c (C) Both (A) and (B) (D) Loan A/c
[1]
Q23.
When is the partner's executor account opened ? (A) On retirement of partner (B) On death of partner (C) On admission of partner (D) None of these
[1]
Q24.
Legal expenses are recorded in which side of Realisation A/c ? (A) Debit (B) Credit (C) Liabilities (D) Assets
[1]
Q25.
At the time of dissolution of firm, book value of assets is recorded in which side of Realisation Account ? (A) Debit (B) Credit (C) Liability (D) None of these
[1]
Q26.
Amount realised from sales of assets, on dissolution of firm is recorded in (A) Realisation A/c (B) Liabilities A/c (C) Expenses A/c (D) None of these
[1]
Page 3 of 16
Q27.
When a partner takes responsibility to make payment of any outside liability of the firm, the account credited will be (A) Realisation A/c (B) Cash A/c (C) Partner's Capital A/c (D) None of these
[1]
Q28.
Unrecorded liabilities when paid are shown in (A) Debit side of Realisation A/c (B) Debit side of Bank A/c (C) Credit side of Realisation A/c (D) Credit side of Bank A/c
[1]
Q29.
If at the time of dissolution nothing is said about liabilities, then (A) Never paid (B) Fully paid (C) Partly paid (D) None of these
[1]
Q30.
On dissolution of the firm, Partners' Capital Accounts are closed through (A) Realisation A/c (B) Drawings A/c (C) Bank A/c (D) Loan A/c
[1]
Q31.
The term 'Financial Statement' includes (A) Statement of Profit and Loss (B) Balance Sheet (C) Both (A) and (B) (D) None of these
[1]
Q32.
The form of Balance Sheet as per Companies Act, 2013 is (A) Horizontal (B) Vertical (C) Both (A) and (B) (D) None of these
[1]
Q33.
Fixed Assets are shown (A) At par value (B) At cost price less depreciation (C) At cost price (D) At realisable value less depreciation
[1]
Q34.
Parties interested in financial statements are (A) Managers (B) Financial institutions (C) Creditors (D) All of these
[1]
Q35.
When financial statements of two or more organisations are analysed, it is called (A) Intra-firm analysis (B) Inter-firm analysis (C) Vertical analysis (D) None of these
[1]
Q36.
Financial analysis is useful for (A) Investors (B) Shareholders (C) Debenture holders (D) All of them
[1]
Page 4 of 16
Q37.
Which year can be selected for calculating trend percentage ? (A) Current year (B) Previous year (C) Base year (D) None of these
[1]
Q38.
Sales less cost of goods sold is called (A) Operating profit (B) Gross profit (C) Net profit (D) Total profit
[1]
Q39.
Which of the following is not the method of financial statement analysis ? (A) Ratio Analysis (B) Comparative Analysis (C) Trend Analysis (D) Capitalisation Method
[1]
Q40.
Common size financial statements are mostly prepared in the form of (A) Ratio (B) Percentage (C) Both (A) and (B) (D) None of these
[1]
Q41.
Legacies should be treated as (A) Liability (B) Revenue Receipt (C) Asset (D) Income
[1]
Q42.
All receipts of capital nature are shown in (A) Income and Expenditure A/c (B) Balance Sheet (C) Profit and Loss A/c (D) Cash Flow Statement
[1]
Q43.
Subscription received in advance is (A) Asset (B) Income (C) Expense (D) Liability
[1]
Q44.
In which year did the Partnership Act come into force ? (A) 1932 (B) 1956 (C) 1947 (D) 2013
[1]
Q45.
For the firm, interest on partner's drawing is a/an (A) Expenditure (B) Income (C) Loss (D) Receipt
[1]
Q46.
In partnership, preparation of partnership agreement is (A) Compulsory (B) Voluntary (C) Optional (D) None of these
[1]
Q47.
When capital is fixed, the capital accounts of partners show (A) Debit balance (B) Credit balance (C) Profit (D) Loss
[1]
Page 5 of 16
Q48.
To become a partner it is essential to be (A) Adult (B) Minor (C) Both (A) and (B) (D) None of these
[1]
Q49.
In the absence of partnership deed, partner (A) shall be paid salaries (B) shall not be paid salaries (C) active partner shall be paid salaries (D) none of these
[1]
Q50.
The balance of Current Account can be (A) Positive (B) Negative (C) Zero (D) All of these
[1]
Q51.
Which of the following items is not taken into consideration while computing current ratio ? (A) Creditors (B) Debtors (C) Furniture (D) Bank overdraft
[1]
Q52.
Liquid assets include (A) Bills Receivable (B) Debtor (C) Cash (D) All of these
[1]
Q53.
Tangible assets of a company are increased from Rs. 4,00,000 to Rs. 5,00,000. What is the percentage of change ? (A) 20% (B) 25% (C) 33 1/3 % (D) 50%
[1]
Q54.
Operating ratio is (A) Profitability ratio (B) Activity ratio (C) Solvency ratio (D) None of these
[1]
Q55.
Current assets include only those assets which are expected to be realised within (A) 3 months (B) 6 months (C) 1 year (D) 2 years
[1]
Q56.
Creditors turnover ratio includes (A) Total credit purchase (B) Total credit sales (C) Total cash sales (D) Total cash purchase
[1]
Q57.
Cash Flow Statement is prepared from (A) Balance Sheet (B) Profit Loss A/c (C) Additional information (D) All of these
[1]
Q58.
While preparing the Cash Flow Statement, the 'cash purchase of building' will be classified as (A) Operating activity (B) Financing activity (C) Investing activity (D) None of these
[1]
Page 6 of 16
Q59.
Which of the following is not an application of cash ? (A) Increase in Debtors (B) Increase in Creditors (C) Increase in Stock (D) Increase in prepaid expenses
[1]
Q60.
An example of cash flow from financing activities is (A) Sale of goods (B) Sale of investment (C) Cash receipt from issue of shares (D) Interest received
[1]
Q61.
A company is incorporated by (A) A Special Act of Parliament (B) Companies Act (C) Agreement of investors (D) Both (A) and (B)
[1]
Q62.
Discount on issue of share is (A) Capital gain (B) Capital loss (C) Revenue gain (D) Revenue loss
[1]
Q63.
A company issues its shares at a premium under which section of Indian Companies Act, 2013 ? (A) 78 (B) 52 (C) 53 (D) None of these
[1]
Q64.
The liability of members in a company is (A) Limited (B) Unlimited (C) Stable (D) Fluctuating
[1]
Q65.
The amount received over and above the par value is credited to which account ? (A) Share Capital A/c (B) Calls-in-advance A/c (C) Securities Premium A/c (D) Share Forfeiture A/c
[1]
Q66.
Balance of Share Forfeiture A/c is shown in the Balance Sheet under the item (A) Share Capital A/c (B) Current Liabilities and Provision (C) Unsecured loan (D) Reserve and Surplus
[1]
Q67.
Which of the following should be deducted from the called-up capital to find out paid-up capital ? (A) Call-in-advance (B) Calls-in-arrear (C) Share forfeiture (D) Premium
[1]
Q68.
Sweat equity shares are issued to (A) Employees (B) Directors (C) Both (A) and (B) (D) None of them
[1]
Page 7 of 16
Q69.
A company issued 10,000 shares of Rs. 10 each at a premium of 10%. The amount of premium will be (A) Rs. 10,000 (B) Rs. 20,000 (C) Rs. 8,000 (D) Rs. 5,000
[1]
Q70.
To whom is dividend given at a fixed rate in a company ? (A) Equity shareholders (B) Preference shareholders (C) Debenture holders (D) Promoters
[1]
Q71.
Which of the following is a capital receipt ? (A) Subscription (B) Donation (C) Building fund (D) Interest on fixed deposit
[1]
Q72.
The surplus / deficit of not-for-profit organisation is ascertained by (A) Income Expenditure A/c (B) Receipts and Payments A/c (C) Profit Loss A/c (D) Income Statement
[1]
Q73.
Which of the following is a revenue expenditure ? (A) Purchase of furniture (B) Payment of salaries (C) Construction of building (D) Purchase of machinery
[1]
Q74.
Donations received for specific purpose are treated as (A) Asset (B) Liability (C) Capital receipt (D) Expense
[1]
Q75.
The summary of cash and bank transaction shows (A) Cash A/c (B) Bank A/c (C) Receipts and Payments A/c (D) Bank overdraft
[1]
Q76.
Payment of honorarium to Secretary is treated as (A) Capital expenditure (B) Revenue expenditure (C) An income (D) All of these
[1]
Q77.
Which of the following shows transactions related to one year ? (A) Receipts and Payments A/c (B) Income Expenditure A/c (C) Balance Sheet (D) None of these
[1]
Q78.
Entrance fee is treated as (A) Capital Receipt (B) Revenue Receipt (C) Donation (D) Subscription
[1]
Q79.
What is used to prepare the opening Balance Sheet ? (A) Income and Expenditure A/c (B) Receipts Payments A/c (C) Cash A/c (D) Capital A/c
[1]
Page 8 of 16
Q80.
Outstanding subscription is shown in (A) Balance Sheet (B) Income Expenditure A/c (C) Both (A) and (B) (D) None of these
[1]
Q81.
Which of the following assets is compulsorily revalued at the time of admission of a new partner ? (A) Stock (B) Fixed Assets (C) Investment (D) Goodwill
[1]
Q82.
Decrease in the value of fixed asset is called as (A) Loss (B) Profit (C) Depreciation (D) None of these
[1]
Q83.
Revaluation Account is alike a (A) Profit and Loss Adjustment A/c (B) Profit and Loss A/c (C) Trading A/c (D) Realisation A/c
[1]
Q84.
When a new partner does not bring his share of goodwill in cash, then the amount is debited to (A) Cash A/c (B) Premium A/c (C) New Partner's Capital A/c (D) Capital A/c of Old Partners
[1]
Q85.
The Partner's Capital Account is credited with (A) Interest on Capital (B) Interest on Drawings (C) Drawings (D) Share in Loss
[1]
Q86.
The accumulated profits are transferred to (A) Realisation A/c (B) Partners' Capital A/c (C) Bank A/c (D) Profit Loss Appropriation A/c
[1]
Q87.
Reconstitution of partnership is (A) Necessary (B) Unnecessary (C) Situational (D) None of these
[1]
Q88.
In which ratio, the cash brought in for goodwill by the new partner is shared by the existing partners ? (A) Profit sharing ratio (B) Capital ratio (C) Sacrificing ratio (D) Old ratio
[1]
Q89.
Hari, Roy and Prasad are partners and their profit sharing ratio is 3 : 5 : 1. Roy now wants to retire and his share is taken by Prasad. New ratio of Hari and Prasad will be (A) 2 : 1 (B) 1 : 2 (C) 3 : 5 (D) Equal
[1]
Page 9 of 16
Q90.
X, Y and Z are partners sharing profit in the ratio of 3 : 4 : 3. Y retires and X and Z share their profits in equal ratio. New ratio of X and Z will be (A) 1 : 2 (B) 2 : 1 (C) 3 : 1 (D) 1 : 1
[1]
Q91.
Forfeiture of share results in the reduction of (A) Paid-up capital (B) Authorised capital (C) Fixed assets (D) Reserved capital
[1]
Q92.
A company signs through (A) Seal (B) Stamp (C) Both (A) and (B) (D) None of these
[1]
Q93.
Debenture is the part of (A) Share capital (B) Long-term borrowings (C) Owner's capital (D) None of these
[1]
Q94.
Debenture holders are the (A) Customers of the company (B) Creditors of the company (C) Owners of the company (D) None of these
[1]
Q95.
What is the nature of Debenture application account ? (A) Real A/c (B) Personal A/c (C) Nominal A/c (D) None of these
[1]
Q96.
Interest payable on debentures is (A) An appropriation of profits of the company (B) Transfer to sinking fund (C) A charge against the profit of the company (D) None of these
[1]
Q97.
In case of issue of debentures as a collateral security for the loan taken from the bank, which account will be debited ? (A) Bank A/c (B) Bank Loan A/c (C) Debenture A/c (D) Debenture Suspense A/c
[1]
Q98.
In the Balance Sheet of a company, debentures are shown under which head ? (A) Unsecured loan (B) Long-term borrowings (C) Current liabilities (D) Reserve Surplus
[1]
Q99.
Discount on issue of debentures is recorded in the form of (A) Intangible Asset (B) Current Asset (C) Current Liabilities (D) Miscellaneous Expenditure
[1]
Page 10 of 16
Q100.
Premium on redemption of debenture is a (A) Personal A/c (B) Real A/c (C) Nominal A/c (D) Suspense A/c
[1]
Section B

Q1.
Mention two objectives of financial statements.
[2]
Q2.
State two objectives of common size statement.
[2]
Q3.
What is meant by analysis of financial statements ?
[2]
Q4.
Why are assets and liabilities revalued on the death of a partner ?
[2]
Q5.
When and why is realisation account prepared ?
[2]
Q6.
Under what circumstances is a partnership firm compulsorily dissolved ?
[2]
Q7.
What is meant by number of years' purchase at the time of valuation of goodwill ?
[2]
Page 11 of 16
Q8.
State the conditions for valuation of goodwill.
[2]
Q9.
Write any two points of difference between sacrificing ratio and gaining ratio.
[2]
Q10.
What is trend analysis ?
[2]
Q11.
What do you understand by common size statement ?
[2]
Q12.
State two objectives of ratio analysis.
[2]
Q13.
Differentiate between shares and debentures on any two points.
[2]
Q14.
What is lumpsum payment method of redemption of debenture ?
[2]
Q15.
What is meant by redemption of debentures ?
[2]
Q16.
Write the formula of calculating gaining ratio.
[2]
Page 12 of 16
Q17.
X and Y are partners. They share profits and losses in the ratio of 2 : 1. They admit Z into partnership by giving 1/4 th share in future profits. Calculate the new profit sharing ratio.
[2]
Q18.
What is called accumulated profit ?
[2]
Q19.
How is Capital Fund calculated ?
[2]
Q20.
Distinguish between charge against profit and appropriation of profit.
[2]
Q21.
What is partnership deed ?
[2]
Q22.
X, Y and Z are partners sharing profit in the ratio of 3 : 2 : 2. Y retires. X and Z decide to share profit in future in the ratio of 4 : 3. Calculate gaining ratio.
[2]
Q23.
What is joint life policy ?
[2]
Q24.
State the items which are debited to deceased partner's capital account.
[2]
Page 13 of 16
Q25.
Name any two solvency ratios.
[2]
Q26.
What are the objectives of preparing Cash Flow Statement ?
[2]
Q27.
Give two examples of cash outflow from investing activities.
[2]
Q28.
What is Sweat equity share ?
[2]
Q29.
Why does company forfeit shares ?
[2]
Q30.
What is Redeemable Debenture ?
[2]
Section C

Q1.
What is Receipts and Payments Account ? How is it different from Income and Expenditure Account ?
[5]
Page 14 of 16
Q2.
What is partnership firm ? State its main characteristics.
[5]
Q3.
What is meant by comparative income statement ? How is it prepared ?
[5]
Q4.
What is Cash Flow Statement ? Describe its uses.
[5]
Q5.
The total capital of the firm of Sourabh, Mohit and Nikhil was Rs. 1,00,000. The net profits for the last three years were : 2019-20 Rs. 40,000 ; 2020-21 Rs. 46,000 and 2021-22 Rs. 52,000. There was an abnormal loss of Rs. 3,000 in 2020-21. Goodwill of the firm was to be valued at 2 years' purchase of the average profit of last three years. Calculate the goodwill of the firm.
[5]
Q6.
What journal entries would you pass for the following transactions on the dissolution of a firm of A and B ? i) Dissolution expenses amounted to Rs. 500. ii) Unrecorded assets realised Rs. 2,500. iii) Stock worth Rs. 2,000 already transferred to realisation account was taken over by a partner A. iv) Creditors, already transferred to realisation account were paid Rs. 3,000. v) Profit on realisation Rs. 4,000 is to be distributed between A and B in the ratio of 3 : 1.
[5]
Page 15 of 16
Q7.
Cemto Ltd. forfeited 6,000 shares of Rs. 10 each issued at a premium of Rs. 2 per share for the non-payment of final call of Rs. 3 per share. 300 of the forfeited shares were re-issued for Rs. 8 per share as fully paid up. Pass necessary journal entries for the forfeiture and re-issue of shares. Also prepare share forfeited account.
[5]
Q8.
A Ltd. provides the following information : | | Particulars | Rs. | |---|---|---| | i) | Closing Stock | 1,00,000 | | ii) | Creditors | 86,000 | | iii) | Cash | 20,000 | | iv) | Bills Receivable | 18,000 | | v) | Sales | 6,00,000 | | vi) | Fixed Assets | 1,20,000 | | vii) | Bank | 42,000 | | viii) | Overdraft | 34,000 | You are required to calculate the following ratios : (a) Current Ratio, (b) Quick Ratio, (c) Stock Turnover Ratio, (d) Fixed Asset Turnover Ratio.
[5]
Page 16 of 16