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Accountancy · Class 12 Commerce

Madhya Pradesh Mpbse 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.

2020–2026
Years of papers
6
Total Papers
6
Real Board Papers
0
Sample papers
375
Real-paper Q & A
0
Sample-paper Q & A

Real board-paper questions available, by year

62 Q2026complete
62 Q2025complete
62 Q2024complete
63 Q2023complete
63 Q2022complete
—2021Exam cancelled (COVID-19)
63 Q2020complete

2021 — Exam cancelled (COVID-19): The MP Board (MPBSE) cancelled the Class-12 Higher Secondary examination in 2021 due to COVID-19; no annual question paper was conducted or printed that year, so none exists to publish. Results were declared using an internal-assessment formula.

MP Board (MPBSE) Higher Secondary (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 62 of this paper’s questions, with 62 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

MP Board (MPBSE) Higher Secondary (Commerce) 2026 · Set ANNUAL

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

Q1.
Interest on capital in the absence of partnership deed :
  • (a) 6%
  • (b) 10%
  • (c) 12%
  • (d) is not paid
[1]
Q2.
On admission of a new partner, undistributed profit is transferred to which account?
  • (a) Old partner's capital account
  • (b) New partner's capital account
  • (c) All partners' capital account
  • (d) Sacrificing partner's capital account
[1]
Q3.
Which account is prepared for the sale of Assets?
  • (a) Realization account
  • (b) Revaluation account
  • (c) Profit and Loss appropriation account
  • (d) Partner's capital account
[1]
Q4.
Interest rate on calls in arrears as per table 'F' is :
  • (a) 5%
  • (b) 8%
  • (c) 10%
  • (d) 12%
[1]
Q5.
The Balance Sheet of a company is prepared according to which schedule of the Indian Companies Act 2013?
  • (a) Schedule I
  • (b) Schedule II
  • (c) Schedule III
  • (d) Schedule V
[1]
Q6.
Cash flow statement is related to :
  • (a) Accounting Standard-3
  • (b) Accounting standard-10
  • (c) Accounting Standard-15
  • (d) Accounting standard-26
[1]
Page 1 of 8
Q7.
Fill in the blank: All the partners are collectively called as ____.
[1]
Q8.
Fill in the blank: Sacrificing ratio is always ____ to gaining ratio.
[1]
Q9.
Fill in the blank: The amount due to deceased partner is paid to ____.
[1]
Q10.
Fill in the blank: Retirement or death of a partner also leads to ____ of a partnership firm.
[1]
Q11.
Fill in the blank: ____ company does not require to issue prospectus.
[1]
Q12.
Fill in the blank: Debentures represents a ____ term loan taken by the company.
[1]
Q13.
State whether True or False: To prepare partnership deed is compulsory.
[1]
Q14.
State whether True or False: Revaluation account is a real account.
[1]
Q15.
State whether True or False: Shares are of two types.
[1]
Q16.
State whether True or False: Debentureholders are owners of the company.
[1]
Q17.
State whether True or False: Purchase of assets is an investing activity.
[1]
Page 2 of 8
Q18.
State whether True or False: Financial statements are prepared on a particular date.
[1]
Q19.
Answer in one word/sentence: The provisions of which Act applies in the absence of partnership deed?
[1]
Q20.
Answer in one word/sentence: The amount of goodwill brought by new partner is distributed to old partners in which ratio?
[1]
Q21.
Answer in one word/sentence: On retirement of a partner, the existing partners will pay his share of goodwill to him in which ratio?
[1]
Q22.
Answer in one word/sentence: On dissolution, Bank overdraft is transferred to which account?
[1]
Q23.
Answer in one word/sentence: A public company must use which word at the end of its name?
[1]
Q24.
Answer in one word/sentence: Financial statements ignores which aspect?
[1]
Q25.
Answer in one word/sentence: Cash paid to employees is which type of activity?
[1]
Q26.
Match the correct pairs: Column A - (i) Purchased goodwill (ii) Self-generated goodwill (iii) Loss of P L Appropriation A/c (iv) Profit of P L Appropriation A/c (v) Shareholders (vi) Fixed rate of return (vii) Return not fixed; Column B - (a) Credit of partners' capital A/c (b) Owners of the company (c) Equity shares (d) Preference shares (e) Shown as an asset (f) Not shown as an asset (g) Debit of partners' capital A/c.
[7]
Page 3 of 8
Section B

Q1.
What is partnership deed? Explain.
[2]
Q2.
(OR) Apoorv withdraws Rs. 3,000 at the end of each month from business for personal use. Calculate interest on Apoorv's drawings @ of 9% p.a.
[2]
Q3.
A and B are partners in a firm in the ratio of 5 : 3. They decide to distribute future profits in equal ratio. Find out their sacrifice and gain.
[2]
Q4.
(OR) X and Y are partners in the ratio of 2 : 1. After the admission of Z, their ratio becomes 8 : 4 : 3. Find out sacrifice of X and Y.
[2]
Q5.
Write any two differences between sacrificing ratio and gaining ratio.
[2]
Q6.
(OR) Explain in brief any two methods of payment of the amount due to the retiring partner.
[2]
Q7.
Write any two differences between Realization account and Revaluation Account.
[2]
Q8.
(OR) Write any two conditions of the compulsory dissolution of a firm.
[2]
Page 4 of 8
Q9.
Clarify the meaning of 'perpetual succession' in context to a company.
[2]
Q10.
(OR) Clarify the meaning of 'calls in arrears'.
[2]
Q11.
Write the meaning of 'Debenture'.
[2]
Q12.
(OR) Clarify the meaning of "Issue of debentures in consideration other than cash".
[2]
Q13.
Write any two characteristics of financial statements.
[2]
Q14.
(OR) Write any two limitations of financial statements.
[2]
Q15.
Write any two objectives of accounting ratios.
[2]
Q16.
(OR) Write any two benefits of accounting ratios.
[2]
Q17.
Find out current ratio from the following : Bank Overdraft Rs. 2,00,000, Cash Rs. 1,50,000, Outstanding expenses Rs. 1,00,000, Stock Rs. 1,50,000.
[2]
Page 5 of 8
Q18.
(OR) Find out Gross Profit Ratio from the following : Revenue from operations Rs. 1,00,000, Cost of Revenue from operations Rs. 65,000.
[2]
Q19.
Write the meaning of cash flow statement.
[2]
Q20.
(OR) Clarify the meaning of financing activities.
[2]
Section C

Q1.
Nirmal had 50 shares of Rs. 20 each of ABC Limited on which he paid Rs. 4 on application; Rs. 4 on allotment but he could not pay Rs. 7 on 1st call and Rs. 5 on 2nd call. His shares were forfeited. Pass the journal entry for forfeiture only in the books of ABC Limited.
[3]
Q2.
(OR) Write any three uses of the amount of securities premium.
[3]
Q3.
Chakresh retired from a firm as a partner on 31st March 2022. On that day, the balance of his capital account was Rs. 1,20,000. It was decided that the amount due to him shall be paid in three equal yearly instalments with 5% interest. Prepare Chakresh's loan account.
[3]
Q4.
(OR) Pass journal entries for the revaluation of the following : (i) Value of building increased by Rs. 40,000. (ii) Value of stock is decreased by Rs. 10,000. (iii) Creditors are reduced by Rs. 5,000.
[3]
Page 6 of 8
Q5.
Write the main head and sub head of following items : (i) Creditors (ii) Patent (iii) Stock.
[3]
Q6.
(OR) Write any three items which comes under the head 'Reserves and Surplus'.
[3]
Q7.
Write three examples of cash 'outflow' from financing activities.
[3]
Q8.
(OR) Write any three limitations of cash flow statement.
[3]
Section D

Q1.
Describe the provisions applicable in the absence of partnership deed on the following basis : (i) Profit - Loss distribution (ii) Remuneration (of partners) (iii) Interest on loan given by a partner (iv) Interest on drawings.
[4]
Q2.
(OR) A, B and C are partners in the ratio of 5 : 4 : 1. C is given a guarantee that his share of profit, in any year will not be less than Rs. 50,000. If any shortfall in the profit of C is to be borne by A and B in the ratio of 8 : 2. Prepare Profit and Loss Appropriation Account if the profit of the year is Rs. 3,50,000.
[4]
Page 7 of 8
Q3.
Capital invested in a business is Rs. 2,00,000. Normal rate of return on capital is 15%. During the year the firm earned a profit of Rs. 48,000. Calculate goodwill on the basis of three years purchase of super profit.
[4]
Q4.
(OR) X and Y are partners in the ratio of 3 : 2. They admit Z for 1/4 share, who brings Rs. 30,000 for capital and Rs. 5,000 for goodwill in cash. The goodwill of the firm is valued at Rs. 20,000. X and Y withdrew their shares of goodwill from business. Give necessary journal entries.
[4]
Q5.
Explain the following types of share capital in brief : (i) Authorized Capital (ii) Issued Capital (iii) Paid-up Capital (iv) Reserve Capital.
[4]
Q6.
(OR) Write any four characteristics of equity shares.
[4]
Q7.
Differentiate between shares and debentures on the following basis : (i) Convertibility (ii) Repayment (iii) Security (iv) Voting rights.
[4]
Q8.
(OR) Briefly explain the types of debentures on the following basis : (i) From Coupon rate point of view (ii) From the Registration point of view.
[4]
Page 8 of 8