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Accountancy · Class 12 Commerce

Jharkhand Jac 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.

2024–2026
Years of papers
3
Total Papers
3
Real Board Papers
0
Sample papers
156
Real-paper Q & A
0
Sample-paper Q & A

Real board-paper questions available, by year

52 Q2026complete
52 Q2025complete
52 Q2024complete
—2023Paper not available
—2022Paper not available
—2021Exam cancelled (COVID-19)
—2020Paper not available

2023 — Paper not available: The board held this year’s commerce examination, but no verified 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 available: The board held this year’s commerce examination, but no verified 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 — Exam cancelled (COVID-19): This Class-12 board examination was cancelled due to COVID-19; results were computed from an internal assessment/formula instead of a written paper. No annual question paper was conducted that year, so none exists to publish.

2020 — Paper not available: The board held this year’s commerce examination, but no verified 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.

JAC Jharkhand Intermediate Class 12 (Commerce) 2026 · Set ANNUAL

Real board examination

About this paper

The real Class-12 board examination held in 2026. 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 52 of this paper’s questions, with 52 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

JAC Jharkhand Intermediate Class 12 (Commerce) 2026 · Set ANNUAL

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

Q1.
Partnership agreement can be
  • (a) Oral
  • (b) Written
  • (c) Oral or written
  • (d) None of these
[1]
Q2.
In an ordinary partnership the minimum number of partners must be
  • (a) 1
  • (b) 2
  • (c) 3
  • (d) 4
[1]
Q3.
Which one is not a non-cash item?
  • (a) Goodwill written off
  • (b) Cash sales
  • (c) Depreciation
  • (d) Provision for bad debts
[1]
Q4.
Increase in current liabilities is
  • (a) Source of cash
  • (b) Use of cash
  • (c) Both (A) and (B)
  • (d) None of these
[1]
Q5.
The ideal liquid ratio is
  • (a) 1 : 1
  • (b) 1 : 2
  • (c) 1 : 3
  • (d) 2 : 1
[1]
Q6.
Gross profit ratio is
  • (a) Profitability ratio
  • (b) Liquidity ratio
  • (c) Operating ratio
  • (d) None of these
[1]
Q7.
In a common size statement, the amount of net sale is assumed to be equal to
  • (a) 1
  • (b) 10
  • (c) 100
  • (d) 1000
[1]
Page 1 of 7
Q8.
The most commonly used tools for financial analysis are (a) Horizontal Analysis (b) Vertical Analysis (c) Ratio Analysis (d) All of these
[1]
Q9.
Goodwill is (a) A tangible asset (b) An intangible asset (c) A current asset (d) None of these
[1]
Q10.
Interest on partner's capital is calculated on (a) capital in the beginning (b) capital at the end (c) average capital (d) none of these
[1]
Q11.
Profit and Loss Adjustment Account is (a) Personal Account (b) Real Account (c) Nominal Account (d) None of these
[1]
Q12.
X and Y are partners in a firm. Z is admitted as a new partner. (a) Old firm will be dissolved (b) Old firm and old partnership will be dissolved (c) Old partnership will be reconstituted (d) None of these
[1]
Q13.
Current assets is Rs. 60,000 and Current liabilities is Rs. 30,000, the current ratio will be (a) 1 : 1 (b) 2 : 1 (c) 1 : 2 (d) 2 : 2
[1]
Q14.
Profit or loss on revaluation is borne by (a) Old partners (b) New partners (c) All partners (d) None of them
[1]
Q15.
The profit sharing ratio among A, B and C is 2 : 2 : 1. Their profit sharing ratio is 3 : 2 after retirement of B. The gaining ratio is (a) 3 : 2 (b) 2 : 3 (c) 1 : 1 (d) 2 : 1
[1]
Q16.
On the death of a partner, the accumulated profit are shared in their (a) Old profit sharing ratio (b) New profit sharing ratio (c) Capital ratio (d) None of these
[1]
Q17.
Profitability ratio is expressed in (a) Simple ratio (b) Percentage (c) Time (d) None of these
[1]
Page 2 of 7
Q18.
Under the provisions of Companies Act, a company can issue (a) Equity shares (b) Preference shares (c) Both (A) and (B) (d) None of these
[1]
Q19.
A company's net sale is Rs. 60,000 and cost of sales is Rs. 50,000. Gross profit will be (a) Rs. 10,000 (b) Rs. 20,000 (c) Rs. 30,000 (d) Rs. 40,000
[1]
Q20.
Realisation Account is a (a) Personal Account (b) Nominal Account (c) Real Account (d) None of these
[1]
Q21.
Annual report of a company is issued for its (a) Directors (b) Auditors (c) Management (d) Shareholders
[1]
Q22.
Shares can be issued (a) at par only (b) at premium only (c) at discount only (d) at par or at premium
[1]
Q23.
Current liabilities are to be payable within (a) 3 months (b) 6 months (c) 9 months (d) 12 months
[1]
Q24.
Shares can be forfeited (a) for failure to attend meetings (b) for non-payment of call money (c) for non-payment of bank loan (d) all of these
[1]
Q25.
Discount on issue of debentures is (a) Fixed Asset (b) Current Asset (c) Real Asset (d) Capital Loss
[1]
Q26.
According to the Companies (Share Capital and Debentures) Rule, 2014 by which percentage of a company will have to create Debenture Redemption Reserve of the amount of the debentures to be redeemed? (a) 50% (b) 25% (c) 75% (d) 100%
[1]
Q27.
Which of the following transactions will result into flow of cash? (a) Deposited into bank (b) Withdrew cash from bank (c) Converted debentures into shares (d) Sold machinery
[1]
Q28.
Registered capital of company is (a) Paid up capital (b) Authorised capital (c) Un-called capital (d) Issued capital
[1]
Page 3 of 7
Q29.
Amount set aside to meet losses due to bad debt is called (a) Reserve (b) Provision (c) Liabilities (d) None of these
[1]
Q30.
Current Assets include (a) Stock (b) Debtors (c) Cash (d) All of these
[1]
Section B

Q1.
What is meant by cash inflow?
[2]
Q2.
Name any two profitability ratio.
[2]
Q3.
What is meant by forfeiture of shares?
[2]
Q4.
What is fixed capital method?
[2]
Q5.
Give the formula of Quick Ratio.
[2]
Q6.
What do you understand by Common size Income-Expenditure Statement?
[2]
Page 4 of 7
Q7.
Name any two modes of redemption of debentures.
[2]
Q8.
What is minimum subscription?
[2]
Section C

Q1.
Calculate Current Ratio from the following information: Particulars | Rs. Cash in hand | 1,00,000 Stock | 20,000 Debtors | 30,000 Bills Receivable | 10,000 Bills Payable | 20,000 Creditors | 60,000
[3]
Q2.
X Ltd. issued 4000 equity shares of Rs. 10 each payable as follows: On Application Rs. 4 On Allotment Rs. 3 On First Call Rs. 3 The issue was fully subscribed and all the money was duly received. Record necessary journal entries in the books of X Ltd.
[3]
Q3.
Give the major headings of the assets side of company's Balance Sheet as per Schedule-III, Part I.
[3]
Q4.
A company issues 1000, 10% debentures of Rs. 10 each at a premium of 10%, redeemable at 15% premium. Give necessary journal entries relating to redemption of debentures.
[3]
Page 5 of 7
Q5.
Explain any three characteristics of public company.
[3]
Q6.
A and B are partners in a firm sharing profit in ratio 3 : 2. If C acquires his 1/5th share equally from A and B, calculate the new profit sharing ratio and sacrificing ratio.
[3]
Q7.
The profit of a firm of last 5 years were — First year — Rs. 10,000 Second year — Rs. 12,000 Third year — Rs. 15,000 Fourth year — Rs. 13,000 Fifth year — Rs. 15,000 Calculate the amount of goodwill on the basis of 2 years' purchase of last 5 years average profit.
[3]
Q8.
Describe in brief the significance of calculating profitability ratio.
[3]
Section D

Q1.
X, Y and Z are partners in a firm sharing profit in ratio 1 : 1 : 1. Their capitals were Rs. 50,000, Rs. 40,000 and Rs. 60,000 respectively. As per partnership deed they are to get interest on capital @ 6% p.a. The profits for the year Rs. 60,000 were distributed without providing the interest on capital. Show the necessary adjustment entries.
[5]
Page 6 of 7
Q2.
What do you mean by partnership deed? Explain its features and importance.
[5]
Q3.
X Ltd. made a profit of Rs. 1,00,000 after charging depreciation of Rs. 20,000 on assets. The gain on sale of building was Rs. 10,000. Additional information are as follows: (i) Increase in debtors — Rs. 8,000 (ii) Increase in creditors — Rs. 10,000 (iii) Increase in Prepaid expenses — Rs. 500 (iv) Decrease in Bills receivable — Rs. 3,000 (v) Decrease in Bills payable — Rs. 4,000 Ascertain the cash from operating activities.
[5]
Q4.
A Ltd. invited applications for 100000 equity shares of Rs. 10 each @ Rs. 13 each. Amount payable on the shares were as follows: On application Rs. 4 On allotment (with premium) Rs. 5 On first and final call Rs. 4 Applications were received for 120000 shares and pro-rata allotment was made to all applications. The excess application money was returned. Mr. P. who has 100 shares failed to pay first and final call. His shares were forfeited. Pass journal entries in the books of company.
[5]
Q5.
What do you mean by 'Analysis of financial statement'? Explain in brief two tools of financial statements.
[5]
Q6.
What do you mean by profitability ratio? Explain the calculation of gross profit ratio. What can be possible causes for the decline in or increase in gross profit ratio?
[5]
Page 7 of 7