Students searching for the AHSEC Class 12 Accountancy Question Paper 2026, ASSEB Class 12 Accountancy Question Paper 2026, or HS 2nd Year Accountancy Question Paper 2026 are looking for the same examination question paper.
The name of the board and the terminology used by students may differ, but all three keywords refer to the Class 12 / HS 2nd Year Accountancy examination question paper for 2026.
AHSEC Class 12 Accountancy Question Paper 2026
The AHSEC Class 12 Accountancy Question Paper 2026 is useful for students who appeared in the Higher Secondary examination and for students preparing for upcoming examinations.
Many students still search using the term AHSEC Class 12 Accountancy Question Paper 2026, while the current board name is ASSEB. Therefore, the same paper is also commonly referred to as the ASSEB Class 12 Accountancy Question Paper 2026.
Below, we have provided the complete AHSEC Class 12 Accountancy Question Paper 2026 for students' reference.
ASSEB Class 12 Accountancy Question Paper 2026
The ASSEB Class 12 Accountancy Question Paper 2026 contains the questions asked in the Higher Secondary 2nd Year Accountancy examination.
For convenience, students can use this page to access the complete ASSEB Class 12 Accountancy Question Paper 2026 and check the questions they attempted in the examination.
ASSEB Class 12 Accountancy Question Paper 2026 - Overview
Subject: Accountancy
Class: 12 / HS 2nd Year
Examination: Higher Secondary Examination 2026
Board: Assam State School Education Board (ASSEB)
Year: 2026
HS 2nd Year Accountancy Question Paper 2026
Below is the complete ASSEB Class 12 Accountancy Question Paper 2026:
ACCOUNTANCY 2026
(For New Course Students)
Full Marks: 80
Pass Marks: 24, Time: Three hours
The figures in the margin indicate full marks for the questions.
1. (a) Fill in the blanks with appropriate word/words (any four): 1*4 = 4
(i) Current ratio is a kind of ________ ratio.
(ii) The goodwill that is attached to the owner of the business is called ________.
(iii) The premium for goodwill brought in by the new partner is shared by existing partners in ________ ratio.
(iv) ________ is also known as position statement.
(v) Debenture holders are the ________ of the company.
(b) State whether the following statements are 'True' or 'False': 1*2=2
(i) Closing stock is valued at cost price or market price whichever is lower.
(ii) Equity shareholders get return on their capital in the form of interest.
(c) Choose the correct alternative: 1*2=2
(i) The maximum amount of share capital that can be offered by a company to public is called:
(1) authorized capital
(2) issued capital
(3) subscribed capital
(4) paid-up capital
(ii) Working Capital is equal to:
(1) Current Assets
(2) Current Liabilities
(3) Current Assets - Current Liabilities
(4) None of the above
2. What is partnership deed? [2]
3. Write two differences between equity shares and preference shares. [2]
4. State two situations when a partnership firm is dissolved. [2]
OR
What is the difference between dissolution of partnership and dissolution of partnership firm?
5. What is meant by calls-in-arrears? [2]
OR
State two features of computerized accounting system.
6. What do you mean by buy-back of shares? [2]
OR
What is an Accounting Information System?
7. Write the meaning of 'cash flow from financing activities'. [2]
OR
What is an electronic spreadsheet?
8. Akash and Bikash are partners in a firm sharing profits and losses equally. They admit Prakash as a new partner for 1/4th share in the future profits and losses. Calculate the new profit-sharing ratio. [3]
OR
Why is goodwill valued at the time of admission of a partner?
9. Write any three objectives of financial statement analysis. [3]
OR
Current ratio of a firm is 4:3 and working capital is 60,000. Calculate current assets and current liabilities.
OR
Write three differences between data validation and data verification.
10. Ganga Ltd. purchased assets from Yamuna Ltd. for 6,60,000. The purchase consideration was discharged by issue of equity shares of 10 each at a premium of 10%. Journalize the above transactions in the books of Ganga Ltd. [3]
OR
Write the meaning of issue of debentures as collateral security.
OR
Write three limitations of a computerized accounting system.
11. Distinguish between Profit & Loss Account and Profit & Loss Appropriation Account. [3]
OR
Distinguish between sacrificing ratio and gaining ratio.
12. Prepare a Comparative Income Statement of Jorhat Ltd. from the following particulars: [6]
OR
Explain the importance of financial statements.
OR
Explain the structure of Computerized Accounting System.
13. Pass Journal Entries in the books of Anand Ltd. for issue of 8% debentures under the following situations: (2+1+1+2 = 6)
(i) 1000 Debentures of 100 each issued at 10% premium, repayable after 5 years at 10% premium
(ii) 2000 Debentures of 100 each issued at a discount of 10%, repayable after 5 years at par
(iii) 1500 Debentures of 100 each issued at par, repayable after 5 years at 10% premium
(iv) 2500 Debentures of 100 each issued at a discount of 10%, repayable after 5 years at 10% premium
OR
Explain the various methods of redemption of debentures. [6]
OR
Explain the applications of electronic spreadsheet in various accounting activities.
14. Anurag, Birag and Chirag were partners sharing profits and losses in the ratio of 3: 2: 1. Their Balance Sheet as on 31-03-2024 was as follows:
Balance Sheet
Birag retires from the firm on 01-04-24 on the following terms:
(i) Goodwill of the firm is valued at 24,000
(ii) Machinery is to be depreciated by 10% and Furniture by 20%
(iii) Provision for Doubtful Debt is to be increased by 1,000
(iv) Birag's Capital is to be transferred to his Loan Account
(v) The new profit-sharing ratio between Anurag and Chirag will be 3: 2
Pass Journal Entries relating to the above transactions. [6]
OR
Explain how the amount due to a deceased partner is ascertained.
15. Gayatri, Harshita and Isha were partners sharing profits and losses in the ratio of 5: 4: 3. Their Balance Sheet as on 31-03-24 was as follows:
Balance Sheet
They decided to dissolve the firm on the above date with the following transactions:
(i) Debtors realized 38,000
(ii) Stock was sold for 27,000
(iii) Machinery realized 29,000
(iv) Furniture was taken over by Harshita for 23,000
(v) Creditors were paid off at a discount of 1,000
(vi) Bills payable was settled at 500 less
(vii) Dissolution expenses amounted to 1,000, paid by Gayatri on behalf of the firm
Close the books of the firm by preparing a Realization Account, Partners' Capital Accounts and Bank Account. [6]
Or
What is realisation account? How is it prepared? How does it differ from revaluation account?
16. Vijay Ltd. issued 4,000 equity shares of 100 each at par, payable as follows:
On application - ₹ 30
On allotment - ₹ 30
On first call - ₹ 20
On final call - ₹ 20
The shares were fully subscribed. All money was called up and received except:
(i) First call and final call money from Rima, holding 100 shares.
(ii) Final call money from Sima, holding 50 shares.
All these shares were forfeited and reissued as fully paid-up at a 10% discount. Pass necessary Journal Entries in the books of Vijay Ltd. [8]
OR
Write the meaning of the following: [8]
(a) Capital reserve
(b) Calls in advance
(c) Forfeiture of shares
(d) Pro rata allotment of shares
OR
Explain the procedure for creating and customizing various types of charts in MS-Excel. [8]
17. Bandita and Dixita were partners sharing profits and losses in the ratio of 4:3. Their Balance Sheet as on 31-03-24 was as follows:
Balance Sheet
Chitra is admitted into the partnership on 01-04-2024 on the following terms: [8]
(i) Chitra will bring 50,000 as Capital and 10,000 as premium for Goodwill
(ii) The new profit-sharing ratio will be 5:3:2 for Bandita, Dixita and Chitra
(iii) Stock to be revalued at 27,000 and Machinery to be depreciated by 10%
(iv) A Provision for Doubtful Debt is to be created at 5% on Debtors
(v) Creditors are overvalued by 2,000
Prepare the following: 8
(a) Revaluation Account
(b) Partners' Capital Accounts
(c) New Balance Sheet after Chitra's admission
OR
(a) Write any four duties of a partner. 4
(b) Distinguish between Fixed Capital Account and Fluctuating Capital Account. 4
18. Arup and Swarup were partners in a firm sharing profits and losses in the ratio of 3: 2. The Trial Balance of the firm as on 31-03-24 was as follows: [8]
Trial Balance
Prepare Profit & Loss Account and Profit & Loss Appropriation Account of the firm for the year ended 31-03-24 and a Balance Sheet as at that date after taking into consideration of the following adjustments:
Adjustments:
(i) Outstanding Salary: ₹ 1,000
(ii) Prepaid Advertisement: ₹ 500
(iii) Depreciate Machinery by 10% p.a.
(iv) Commission received in advance: ₹ 200
(v) Provision for Doubtful Debts @ 5% on Sundry Debtors
(vi) Allow interest on partners' capital @ 5% p.a.
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AHSEC Class 12 Accountancy Question Paper 2026 PDF
Students looking for the AHSEC Class 12 Accountancy Question Paper 2026 PDF can use this page to view the complete question paper.
The question paper is particularly useful for:
Checking questions asked in the 2026 examination
Reviewing important Accountancy topics
Practising previous-year questions
Understanding the examination pattern
Preparing for future HS examinations
Comparing answers after the examination
HS 2nd Year Accountancy Question Paper 2026 – Important for Students
The HS 2nd Year Accountancy Question Paper 2026 can help students understand which chapters and concepts were given importance in the examination.
Students preparing for the next Higher Secondary Accountancy examination can also use the AHSEC Class 12 Accountancy Question Paper 2026 and ASSEB Class 12 Accountancy Question Paper 2026 as a valuable practice resource.
Solving the HS 2nd Year Accountancy Question Paper 2026 under examination conditions can also help students improve their time management and answer-writing skills.
AHSEC Class 12 Accountancy Question Paper 2026: Why Practise It?
Practising the AHSEC Class 12 Accountancy Question Paper 2026 can help students:
Understand the type of questions asked in the examination.
Revise important Accountancy concepts.
Practise numerical and practical questions.
Improve calculation speed and accuracy.
Understand the distribution of questions.
Identify important chapters for future preparation.
Frequently Asked Questions
What is the AHSEC Class 12 Accountancy Question Paper 2026?
The AHSEC Class 12 Accountancy Question Paper 2026 refers to the Accountancy question paper of the Higher Secondary Class 12 examination conducted in Assam in 2026.
What is the ASSEB Class 12 Accountancy Question Paper 2026?
The ASSEB Class 12 Accountancy Question Paper 2026 is the same 2026 Higher Secondary Accountancy question paper, referred to using the current board name, ASSEB.
Is the HS 2nd Year Accountancy Question Paper 2026 the same paper?
Yes. The HS 2nd Year Accountancy Question Paper 2026 refers to the Class 12 Higher Secondary Accountancy question paper for 2026.
Where can I find the AHSEC Class 12 Accountancy Question Paper 2026?
Students can view the complete AHSEC Class 12 Accountancy Question Paper 2026 on this page. The question paper is provided for students who want to check and practise the questions asked in the examination.
Can I use the ASSEB Class 12 Accountancy Question Paper 2026 for exam preparation?
Yes. The ASSEB Class 12 Accountancy Question Paper 2026 can be used as a previous-year practice paper to understand the examination pattern and revise important Accountancy topics.
Conclusion
The AHSEC Class 12 Accountancy Question Paper 2026, ASSEB Class 12 Accountancy Question Paper 2026, and HS 2nd Year Accountancy Question Paper 2026 are different commonly used search terms for the same Higher Secondary Accountancy examination paper.
Students can use the question paper for revision, practice, checking questions and understanding the Accountancy examination pattern.
Bookmark this page for more ASSEB Class 12 / HS 2nd Year study materials, question papers, solutions and examination updates.
