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100+ Free BSEB Inter Accountancy Practice Questions

Bihar School Examination Board (BSEB) Intermediate Accountancy (Class 12 / Intermediate Public Examination — Accountancy elective, I.Com) practice questions are available now; exam metadata is being verified.

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2026 Statistics

Key Facts: BSEB Inter Accountancy Exam

~3h 15m

Typical BSEB Intermediate Accountancy theory exam duration

BSEB Intermediate exam pattern (secondary + board logistics)

100 marks

Full Marks theory commerce elective (Accountancy / I.Com)

BSEB Intermediate Accountancy model-paper 220 style logistics

Obj + short/long

Mixed paper; objective work commonly near ~50 marks in model-paper style

BSEB Intermediate Accountancy model-paper reporting

English MCQ adaptation

This free local bank is not the official Intermediate paper format

OpenExamPrep practice policy

BSEB Intermediate Accountancy is a Class 12 public-exam theory elective (I.Com) of Full Marks 100 and about 3 hours 15 minutes, mixing objective work (commonly near ~50 marks in model-paper 220 style) with short/long numericals — not a pure MCQ board paper. This free 2026 bank is an English MCQ study adaptation for NCERT/BSEB-aligned Class 12 Accountancy concepts and calculations.

Sample BSEB Inter Accountancy Practice Questions

Try these sample questions to test your BSEB Inter Accountancy exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1A Receipts and Payments Account of a not-for-profit organisation is essentially a:
A.Summary of cash and bank transactions for a period
B.Statement of income and expenditure on accrual basis
C.Balance sheet of the organisation
D.Members personal profit and loss account
Explanation: Receipts and Payments is a real account summarising all cash and bank receipts and payments for the period.
2Which item appears on the debit (receipts) side of a Receipts and Payments Account?
A.Cash purchase of stationery
B.Opening cash and bank balances
C.Depreciation on furniture
D.Outstanding subscription
Explanation: R&P opens with opening cash/bank on the receipts side and closes with closing cash/bank on the payments side.
3Income and Expenditure Account of an NPO is prepared on the:
A.Cash basis only
B.Accrual basis
C.Hybrid basis only for donations
D.Single-entry basis
Explanation: I&E is prepared on the accrual basis for the current period incomes and expenses.
4Subscription received during the year is ₹1,20,000. Opening outstanding ₹15,000; closing outstanding ₹20,000; opening advance ₹8,000; closing advance ₹12,000. Subscription income is:
A.₹1,21,000
B.₹1,15,000
C.₹1,31,000
D.₹1,09,000
Explanation: Income = 1,20,000 - 15,000 + 20,000 + 8,000 - 12,000 = ₹1,21,000.
5Life membership fees received by a club are generally treated as:
A.Full revenue income in the year of receipt
B.Capital receipt credited to Capital Fund
C.An expense of the club
D.Always a contingent liability
Explanation: Life membership fees are usually capital receipts added to Capital Fund (or a Life Membership Fund).
6Sports equipment purchased for ₹80,000 with carriage ₹5,000 appears in the Balance Sheet (before depreciation) at:
A.₹80,000
B.₹85,000
C.₹75,000
D.₹5,000
Explanation: Cost = purchase + carriage = 80,000 + 5,000 = ₹85,000.
7Entrance fees ₹25,000 received; 60% capitalised, rest revenue. Amount credited to Income and Expenditure is:
A.₹15,000
B.₹10,000
C.₹25,000
D.₹40,000
Explanation: Revenue = 40% of 25,000 = ₹10,000. This matches the standard Class 12 Accountancy treatment for the given data.
8Which item is shown on the assets side of an NPO Balance Sheet?
A.Capital Fund
B.Subscription received in advance
C.Outstanding subscription
D.Building Fund
Explanation: Outstanding subscription is accrued income (asset). Capital Fund, advances and specific funds are liabilities-side.
9Opening Capital Fund ₹4,00,000; surplus ₹45,000; legacy ₹30,000 credited to Capital Fund. Closing Capital Fund is:
A.₹4,75,000
B.₹4,45,000
C.₹4,15,000
D.₹4,30,000
Explanation: 4,00,000 + 45,000 + 30,000 = ₹4,75,000. This matches the standard Class 12 Accountancy treatment for the given data.
10Stationery: opening stock ₹6,000; purchases ₹22,000; closing stock ₹4,000. Stationery consumed is:
A.₹24,000
B.₹20,000
C.₹22,000
D.₹28,000
Explanation: Consumed = 6,000 + 22,000 - 4,000 = ₹24,000.

About the BSEB Inter Accountancy Practice Questions

Verified exam format metadata for Bihar School Examination Board (BSEB) Intermediate Accountancy (Class 12 / Intermediate Public Examination — Accountancy elective, I.Com) is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.