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Accountancy · Class 12 Commerce

Uttar Pradesh Upmsp 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
204
Real-paper Q & A
0
Sample-paper Q & A

Real board-paper questions available, by year

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

2021 — Exam cancelled (COVID-19): The UP Board (UPMSP) cancelled the Class-12 Intermediate 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 a formula based on earlier assessments.

UP Board (UPMSP) Intermediate (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 34 of this paper’s questions, with 34 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

UP Board (UPMSP) Intermediate (Commerce) 2026 · Set ANNUAL

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

Q1.
Preparation of partnership agreement in written form is
  • (a) Compulsory
  • (b) Voluntary
  • (c) Partly compulsory
  • (d) None of these
[1]
Q2.
When time of withdrawals is not mentioned, interest on drawing is charged for
  • (a) 5½ months
  • (b) 6 months
  • (c) 6½ months
  • (d) 12 months
[1]
Q3.
Weighted average method of calculating goodwill is used when
  • (a) Profit is equal
  • (b) Profit has increasing trend
  • (c) Profit has decreasing trend
  • (d) Both (A) and (B)
[1]
Q4.
On retirement of a partner, goodwill will be credited to Capital Account of
  • (a) Retiring partner
  • (b) Remaining partners
  • (c) All partners
  • (d) None of them
[1]
Q5.
On dissolution of a partnership firm, profit or loss on realisation is distributed among the partners:
  • (a) In Capital ratio
  • (b) In profit sharing ratio
  • (c) In sacrificing ratio
  • (d) Equally
[1]
Q6.
Share Application A/c is
  • (a) Personal A/c
  • (b) Real A/c
  • (c) Nominal A/c
  • (d) None of these
[1]
Page 1 of 7
Q7.
Debenture holders are the (a) Customers of the company (b) Owners of the company (c) Creditors of the company (d) All of them
[1]
Q8.
Current liabilities include (a) Sundry creditors (b) Outstanding expenses (c) Bills payable (d) All of these
[1]
Q9.
“Higher the ratio, the more favourable it is.” This does not apply to, (a) Operating ratio (b) Net profit ratio (c) Stock Turnover ratio (d) All of these
[1]
Q10.
'Payment of Dividend' will come under what type of activity while preparing Cash Flow Statement? (a) Operating activity (b) Investing activity (c) Financing activity (d) None of these
[1]
Section B

Q1.
What is meant by 'Partnership'?
[2]
Q2.
What is the need for valuation of Goodwill?
[2]
Q3.
State two circumstances of a firm reconstitution.
[2]
Q4.
What is 'Realisation Account'?
[2]
Q5.
What is the difference between sacrifice ratio and profit gaining ratio?
[2]
Page 2 of 7
Q6.
What do you mean by 'Preference Shares'?
[2]
Q7.
Mention two characteristics of Debenture.
[2]
Q8.
What is the meaning of Financial Statement?
[2]
Q9.
What is Current Ratio?
[2]
Q10.
What is Cash Flow Statement?
[2]
Section C

Q1.
Which Journal Entries are passed in the books of the firm at the time of admission of a new partner?
[5]
Q2.
Under what circumstances partnership firm is dissolved?
[5]
Page 3 of 7
Q3.
What do you mean by forfeiture of shares?
[5]
Q4.
Distinguish between a Bond and a Debenture.
[5]
Q5.
Describe the nature of Financial Statements.
[5]
Q6.
Clarify any five advantages of ratio analysis.
[5]
Page 4 of 7
Section D

Q1.
Ramesh and Sohan were partners in a firm. Their capital was Rs. 40,000 and Rs. 60,000 respectively. They agreed to admit Aman as a partner for 1/4th share on the term that he brings Rs. 30,000 as capital and Rs. 40,000 as goodwill. Aman paid his capital money but in respect of goodwill he can bring only Rs. 24,000. From the above information pass necessary journal entries and prepare Partner's Capital A/c and Aman's Current A/c. (4+3+3)
[10]
Q2.
(OR) What do you mean by dissolution of a partnership firm? What are the provisions of Indian Partnership Act regarding settlement of accounts at the dissolution of a partnership firm? (3+7)
[10]
Q3.
Kalyan Company offered 10000 shares of Rs. 10 each payable as Rs. 3 on application, Rs. 2.50 on allotment, Rs. 2.50 on first call and Rs. 2 on the final call. The public applied for 15200 shares. The shares were allotted on a pro-rata basis to the applicants of 15000 shares. All shareholders paid the allotment money excepting one shareholder who was allotted 20 shares. These shares were forfeited. The first call was made thereafter. The forfeited shares were re-issued @ Rs. 9 per share Rs. 8 paid up. The final call was not made. Pass necessary Journal entries in the book of Kalyan Company. (10)
[10]
Page 5 of 7
Q4.
(OR) What do you mean by 'Private Company' and 'Public Company'? Distinguish between Private Company and Public Company. (5+5)
[10]
Q5.
Following is the Trading and Profit Loss Account of a company for the year ended 31st March, 2025: Trading and Profit Loss Account (As on 31st March, 2025) Particulars | Amount (Rs.) | Particulars | Amount (Rs.) To Stock | 63,000 | By Sales | 3,00,000 To Purchases | 2,36,000 | By Stock at end | 1,50,000 To Wages | 4,000 | | To Gross Profit c/d | 1,47,000 | | Total | 4,50,000 | Total | 4,50,000 To Administrative Exp. | 4,000 | By Gross Profit b/d | 1,47,000 To Selling Distribution Exp. | 5,000 | | To Loss on sale of plant | 3,000 | | To Net profit | 1,35,000 | | Total | 1,47,000 | Total | 1,47,000 Calculate Gross Profit Ratio and Net Profit Ratio. (5+5)
[10]
Q6.
(OR) What is meant by debenture? Distinguish between debenture and share. (3+7)
[10]
Page 6 of 7
Q7.
From the following summary of Cash Account of Kedia Ltd. prepare Cash Flow Statement for the year ended 31st March, 2025 using the direct method: Summary of Cash Account (For the year ended 31st March, 2025) Receipts | Amount (Rs.) | Payments | Amount (Rs.) Balance on 31st March, 2024 | 5,000 | Payments of suppliers | 50,000 Issue of equity shares | 10,000 | Purchase of fixed Assets | 60,000 Receipts from Customers | 1,50,000 | Overhead expenses | 3,000 Sale of Fixed Assets | 33,000 | Wages and Salaries | 15,000 | | Taxation | 10,000 | | Dividend | 5,000 | | Payment of Bank Loan | 35,000 | | Balance on 31st March, 2025 | 20,000 Total | 1,98,000 | Total | 1,98,000
[10]
Q8.
(OR) What do you understand by Financial Statements? What are the objects of preparing them? Explain. (4+6)
[10]
Page 7 of 7