AHSEC Class 12 Accountancy Important Questions 2025 [Accountancy Question Banks]

Preparing for the AHSEC Class 12 Accountancy exam 2025 becomes more manageable with the right resources. This Accountancy Question Bank, titled AHSEC Class 12 Accountancy Important Questions 2025, compiles previous years' questions along with additional crucial questions commonly asked in exams. These HS 2nd Year Accountancy Important Questions 2025 will guide students to focus on key topics and effectively prepare for high scores.

AHSEC Class 12 Accountancy Important Questions 2025 Exam

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Important Questions for AHSEC Class 12 Accountancy (2025 Exam)

1. What is the difference between Profit Motive and Not-For-Profit Organisation? What are its features? (2007, 2008, 2015, 2016, 2020, 2022)
2. What are various types of NPOs? Distinguish between Not-for-Profit Organisation and Profit Motive Organisation. (2019)
3. What are various types of financial statements prepared by NPOs? Explain the Cash and Accrual Basis of Accounting.
4. What is a Receipts and Payments Account? What are its features? Mention its merits and limitations. (1999, 2005, 2009)
5. What is an Income and Expenditure Account? What are its features? Distinguish between Receipts and Payments Account and Income and Expenditure Account. (1999, 2003, 2008, 2016, 2017, 2018, 2019, 2020, 2022)
6. Explain the treatment of the following Specific Items in Receipts and Payments and Income and Expenditure Accounts. (2019)
7. What is Deferred Revenue Expenditure? What are its features? Give examples. (2010)
8. What is a Capital Fund? (2011, 2014, 2017, 2022)
9. What are incidental trading activities?
10. What is Fund-Based Accounting and Non-Fund-Based Accounting? What are the principles of Fund-Based Accounting? Distinguish between Fund-Based and Non-Fund-Based Accounting. (2016, 2017, 2020, 2022)
11. What are various types of funds created by a Not-for-Profit Organisation?
12. Mention the steps involved in the preparation of an Income and Expenditure Account (2018) and Receipts and Payments Account. (2018)
13. Mention the steps involved in the preparation of a Balance Sheet of an NPO.
14. Define the term Partnership, Partners, Firm, and Firm Name. What are the essentials of a partnership?
15. What is a Partnership Deed? What are its contents? (1999, 2003, 2007, 2009, 2014, 2018, 2019)
16. What are the rules to be followed in the absence of a Partnership Agreement between partners? (2000, 2002, 2009, 2011, 2014)
17. Mention three Rights and Duties of Partners. (2009, 2014, 2022)
18. What are various types of partners and partnership?
19. What is a Profit and Loss Appropriation Account? Mention its purpose and features. Distinguish between Profit and Loss Account and Profit and Loss Appropriation Account. (2020, 2022)
20. What is Fixed and Fluctuating Capital? Distinguish between them. (2007, 2020, 2022)
21. Mention the adjustment entries for P/L Appropriation Account. (1999, 2003, 2012)
22. What do you mean by Guarantee in Partnership and Past Adjustments?
23. What is a Joint Venture? Write two similarities and differences between Joint Venture and Partnership.
24. What do you mean by Goodwill? What are its various types? Why is it valued? (2017, 2019)
25. What are the characteristics of Goodwill? What are the factors affecting the value of Goodwill?
26. Explain the various methods for the valuation of Goodwill. (2008, 2013, 2015, 2017)
27. What do you mean by Reconstitution of a Partnership? Under what situations does it take place? (2012)
28. What is a Revaluation Account? Why is Revaluation of Assets and Liabilities done in Partnership Business? (2013)
29. What is a Memorandum Revaluation Account? Distinguish between Revaluation and Memorandum Revaluation Accounts.
30. What do you mean by Admission of a Partner? Why is a New Partner admitted into a Partnership? Also, mention its effects.
31. What is Sacrificing Ratio and Gaining Ratio? Distinguish between them. (2008, 2010, 2012, 2013, 2015, 2020)
32. Define Hidden Goodwill and Joint Life Policy. (2007, 2009, 2013, 2014)
33. What do you mean by Retirement of a Partner? Mention the causes and effects of retirement of a partner. How is the amount due to a retiring Partner calculated? (2013, 2016, 2017)
34. Explain the liability of a retiring partner. What adjustments are necessary at the time of admission, retirement, or death of a partner?
35. Explain the treatment of accumulated profits or losses at the time of reconstitution of the firm.
36. How is the amount due to the executors of a Deceased Partner calculated? Explain the provisions of Section 37 of the Partnership Act regarding payment of the amount due to the executors of a deceased partner. (2014, 2016)
37. How is a deceased partner’s share of profit up to the date of death calculated? (2014)
38. What is Premium for Goodwill? Explain the treatment of Goodwill at the time of the admission of a new partner.
39. What do you mean by Dissolution of Partnership and Dissolution of a Partnership Firm? Distinguish between them. (2012, 2015, 2018, 2020, 2022)
40. What are the various modes of dissolution of a Partnership Firm? Explain briefly. (2011, 2014, 2016, 2019, 2020, 2022)
41. What is a Realisation Account? Mention its objectives. Distinguish between Realisation Account and Revaluation Account. (2017, 2019, 2022)
42. What are Unrecorded Assets and Unrecorded Liabilities? Explain their treatment in the Realisation Account.
43. How are the accounts settled between partners on the dissolution of a partnership firm? (2015)
44. Define a company. What are its features? (2001, 2009)
45. What is Share Capital? What are the different types of shares? (1999, 2000, 2016, 2017, 2020)
46. Explain the procedure of Issue of Shares at Par, at a Premium, and at a Discount.
47. What is meant by the forfeiture and re-issue of shares? Explain with examples. (2012, 2015, 2016, 2018, 2019)
48. What is Debentures? How are they different from Shares? (2007, 2013, 2015, 2017, 2018)
49. What is a Cash Flow Statement? Why is it important? (2012, 2013, 2015, 2016, 2017, 2019, 2020, 2022)
50. What are Accounting Ratios? Explain the method of calculating Current Ratio, Debt-Equity Ratio, Gross Profit Ratio, and Stock Turnover Ratio. (2016, 2017, 2020, 2022)

Advantages of These Important Question Banks

1. Includes previous years' questions along with additional essential ones.

2. Emphasizes commonly asked exam questions to optimize study time.

3. Helps students grasp the exam pattern effectively.

4. Enhances marks through focused preparation.

5. Convenient and time-saving for students.

Pro Tips for Students

1. Start by studying the most frequently asked questions.

2. Practice writing answers to enhance speed.

3. Review questions regularly to retain knowledge.

4. Focus more on the topics you find difficult.

5. Manage time wisely and stay consistent with your study schedule.

Class 12 Other Subjects Important Questions

• English 
• Alternative English
• Business Studies 
• Finance (New)
• Education
• Economics
• Political Science
• Sociology

FAQ

1. Will these questions guarantee full marks in the exam?
   These questions highlight important topics and common patterns to aid in your preparation, but success depends on consistent effort across all areas.

2. Are these questions relevant for all AHSEC students?
   Yes, these questions are tailored according to the AHSEC Class 12 syllabus and are helpful for all students.

3. How often should I practice these questions?
   Regular practice, weekly revisions, and writing answers are key to improving your results.

Final Thoughts

The AHSEC Class 12 Accountancy Important Questions 2025 are crafted to help you prepare with confidence and excel in your exams. Use this resource strategically, stay focused, and put in your best effort. Best of luck!