MP Board Class 12 Book Keeping & Accountancy Model Paper 2024: Download FREE PDF

MPBSE MP Board Class 12th Book Keeping & Accountancy Model Paper 2024: The ongoing academic year is nearing its end, and the board exams are fast approaching. The curriculum has been completed in most schools, and students are now busy preparing for the final exams. The timetable for class 12 exams has already been released, and the important Book Keeping & Accountancy paper is on March 4, 2024.

This is a crucial time for students, and they should make the most of the final weeks before the exam. Students should avoid picking up new topics and focus on what they already have learned. The MP Board has released the sample papers for the 2024 exams for all subjects. The Madhya Pradesh board is among the top education bodies in India and is responsible for conducting the yearly MPBSE board exams for lakhs of students. You can check the MP Board Class 12 Book Keeping & Accountancy Model Paper 2024 below.

MP Board Book Keeping & Accountancy Model Paper 2024

There are many advantages of solving the model papers before the exams, especially for commerce subjects like Book Keeping & Accountancy, which require a lot of practice and analytical skills. Solving sample papers gives an idea of the exam pattern, improves time management skills, enhances writing speed and helps students overcome exam stress. On that note, we bring you the Madhya Pradesh Board Book Keeping & Accountancy model paper 2024 class 12 here.

Exam Instructions:-

1. All questions are compulsory to solve.
2. Questions no.1 to 5 are objective type questions. Each objective carries 01 mark.  Marks of each question are given before the question.
3. Question no. 6 to 15, each question 02 marks, word limit 30 words.
4. Question no. 16 to 19, each question 03 marks, word limit 75 words.
5. Question no. 20 to 23, each equation 04 marks, word limit 120 words.
6. Question no. 6 to 23 have internal options.
7. There is no limit of words in numerical questions.

Q.1 Select the correct answer of the following 1x6=6

1. In the absence of agreement, interest is given on loan by the partner-

 a.4% P.A.

b.5% P.A.

c.6% P.A.

d.8%P.A.

2. Preparation of partnership deed is-

a. Compulsory

b. optional

c. partly compulsory

d. un-necessary

3. At the time of change in profit sharing ratio, the reserve are distributed in-

a. previous ratio

b. equal ratio

c. new ratio

d. capital ratio

4. Under which heading of balance sheet is capital reserve shown -

a. current liabilities

b. miscellaneous expenditure

c. share capital

d. reserve and surplus

5. Ideal liquid ratio should be?

a. 1:2

b. 2:1

c. 1:1

d. 2:2

6. Cash flow statement is related to which accounting standard ?

a. AS-3

b. AS-6

c. AS-1

d. AS-7

Q.2 Fill in the blanks   1x6=6

1. The registration of partnership firm is_______
2. In partnership, the liability of partner is _____
3. Goodwill is an ____asset.
4. Revaluation account is _____ account.
5. As per Companies Act 2013 the balance sheet is prepared according to schedule ____
6. Bills payable is shown in the heading ___ of balance sheet.

Q.3 Answer the following in true or false   1x6=6

1. The provision of partnership act 1986 is applicable in partnership firm.
2. Gaining ratio is a part of sacrificing partner’s ratio.
3. Revaluation account is prepared on sale of assets.
4. A, B, C are partner in the ratio of 3:2:1 respectively, B retires. The new ratio of A & C will be 3:1.
5. There is no difference between the dissolution of firm and dissolution of partnership.
6. Bills receivables are shown under the heading of current assets.

Q.4 Match the columns    1x7=7

A	B
1. Reserved capital	a. Capital gain
2. Redemption of shares	b. No right in management
3. Memorandum of association	c. Capital loss
4. Over subscription	d. Winding up of company
5. Premium on debentures	e. Redeemable preference shares
6. Debenture holder	f. Base of the company
7. Discount on issue of debenture	g. Proportionate allotment
	h. Financial Statement

Q.5 Answer the following in one word.    1x7=7

1. What is called the capital a/c of which the closing balance changes every year?
2. What is the basis of valuation of goodwill?
3. Write one reason for retirement of a partner.
4. Dissolution of firm due to expiry of time is called?
5. In which heading of balance sheet profit of the company shown according to schedule.
6. Name the statement which discloses the financial position of a business on a particular date.
7. What type of activity of cash flow is receipt of cash from customers?

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View and download the complete MPBSE Book Keeping & Accountancy model paper 2024 below.

MP Board Class 12 Book Keeping & Accountancy Model Paper 2024 PDF

How to download the MP Board Book Keeping & Accountancy Model Paper 2024?

• Go to the official website of the MP Board at https://mpbse.nic.in/
• Scroll through the home page to find the “Academics” tab. Click on it.
• Check the new notifications for प्रश्‍न पत्रों के पेटर्नand click.
• Scroll the page until you find the MP Board Class 12 Book Keeping & AccountancyModel Paper 2024

 Also Read: 

MP Board 12th Time Table 2024: Download MPBSE Class 12 Exam Date PDF

MP Board 12th Model Paper 2024: Download Class 12 Book Keeping & Accountancy Sample Paper PDF