CBSE Class 12 Mathematics Question Paper 2026 Available- Download PDF with Solutions

CBSE CLASS XII Questions

• 1.

  Universal Ltd. took over machinery of ₹ 3,30,000, furniture of ₹ 1,60,000 and liabilities of ₹ 80,000 from Amol Ltd. for a purchase consideration of ₹ 4,50,000. The payment to Amol Ltd. was made by issue of 10% Debentures of ₹ 50 each at a discount of 10%. The number of debentures issued to Amol Ltd. was:

  • 1,000
    
  • 4,500
    
  • 45,000
    
  • 10,000
    
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• 2.

  Sujata and Laxmi were partners in a firm sharing profits and losses in the ratio of 2 : 1. On 1st April, 2025, they admitted Raghu as a new partner for 1/5th share in the profits of the firm. On the date of Raghu’s admission, it was found that the equipment is undervalued by ₹ 90,000. After revaluation, the Balance Sheet of Sujata, Laxmi and Raghu showed equipment at ₹ 3,00,000. The value of equipment shown in the books of the firm of Sujata and Laxmi before Raghu’s admission was :

  • ₹ 3,90,000
    
  • ₹ 2,10,000
    
  • ₹ 3,00,000
    
  • ₹ 90,000
    
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• 3.

  At the time of forfeiture of shares, ‘Share Capital Account’ is debited with:

  • Paid-up amount on forfeited shares
    
  • Called-up amount on forfeited shares
    
  • Face value of shares forfeited
    
  • Unpaid amount on forfeited shares
    
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• 4.

  Naisha, Mansi and Aakash were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 2. On 1st January, 2025, Aakash advanced a loan of ₹ 3,00,000 to the firm. In the absence of a partnership deed, the amount of interest on loan due to Aakash on 31st March, 2025 will be :

  • ₹ 18,000
    
  • ₹ 4,500
    
  • ₹ 9,000
    
  • ₹ 30,000
    
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• 5.

  Sudama, Sharma and Varun were partners in a firm sharing profits and losses in the ratio of 6 : 4 : 3. Sharma retired from the firm on 31st March, 2025. The gaining ratio of Sudama and Varun will be:

  • 3 : 2
    
  • 2 : 1
    
  • 1 : 2
    
  • 2 : 3
    
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• 6.

  John, Honey and Racob were partners in a firm sharing profits and losses equally. On 31st July, 2025 John died. His share in the profits of the firm from the date of last balance sheet till the date of his death will be:

  • Debited to Profit and Loss Account
    
  • Credited to Profit and Loss Account
    
  • Debited to Profit and Loss Suspense Account
    
  • Credited to Profit and Loss Suspense Account
    
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