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100+ Free BSEH SS Accountancy Practice Questions

Board of School Education Haryana (BSEH) Senior Secondary Accountancy (Class 12 — Accountancy elective, date-sheet code 903) practice questions are available now; exam metadata is being verified.

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2026 Statistics

Key Facts: BSEH SS Accountancy Exam

3 hours

Typical BSEH Senior Secondary Accountancy theory exam duration

BSEH date-sheet logistics (code 903)

33%

Common Senior Secondary subject pass floor for BSEH theory electives

BSEH Senior Secondary notification practice

Code 903

Accountancy subject code on BSEH Senior Secondary date sheet

BSEH date sheet

English MCQ adaptation

This free local bank is not the official Senior Secondary paper format

OpenExamPrep practice policy

BSEH Senior Secondary Accountancy is a Class 12 public-exam theory elective of about 3 hours (date-sheet code 903) with a 33% pass floor, covering partnership, company accounts, ratios, and cash flow — not a pure MCQ board paper. This free 2026 bank is an English MCQ study adaptation for NCERT/BSEH-aligned Class 12 Accountancy concepts and calculations.

Sample BSEH SS Accountancy Practice Questions

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

1In the absence of a partnership deed, interest on partners' capital is:
A.Allowed at 6% p.a.
B.Allowed at 12% p.a.
C.Not allowed
D.Allowed only if profits are sufficient
Explanation: Under the Indian Partnership Act 1932, if there is no deed (or no provision), partners are not entitled to interest on capital.
2A and B share profits equally. A drew ₹60,000 on 1 July and B drew ₹40,000 on 1 October. Interest on drawings is charged at 12% p.a. for the year ended 31 March. Total interest on drawings is:
A.₹7,800
B.₹12,000
C.₹6,000
D.₹5,400
Explanation: A: 60,000 × 12% × 9/12 = ₹5,400. B: 40,000 × 12% × 6/12 = ₹2,400. Total = ₹7,800.
3Average profits of last 4 years are ₹1,20,000. Goodwill is valued at 3 years' purchase of average profits. Goodwill is:
A.₹3,60,000
B.₹1,20,000
C.₹4,80,000
D.₹2,40,000
Explanation: Goodwill = average profit × years' purchase = 1,20,000 × 3 = ₹3,60,000.
4Normal rate of return is 10%. Capital employed is ₹10,00,000. Average profit is ₹1,50,000. Super profit is:
A.₹50,000
B.₹1,50,000
C.₹1,00,000
D.₹15,000
Explanation: Normal profit = 10% of 10,00,000 = ₹1,00,000. Super profit = 1,50,000 − 1,00,000 = ₹50,000.
5Super profit is ₹40,000. Normal rate of return is 10%. Goodwill by capitalisation of super profit is:
A.₹4,00,000
B.₹40,000
C.₹4,40,000
D.₹4,000
Explanation: Goodwill = Super profit × 100 / Normal rate = 40,000 × 100/10 = ₹4,00,000.
6Net profit before interest on capital and partners' salaries is ₹2,40,000. Interest on capital ₹30,000; partners' salaries ₹50,000. Divisible profit is:
A.₹1,60,000
B.₹2,40,000
C.₹2,10,000
D.₹1,90,000
Explanation: Divisible profit = 2,40,000 − 30,000 − 50,000 = ₹1,60,000.
7Under the fixed capital method, interest on capital is credited to:
A.Partners' Capital Accounts
B.Partners' Current Accounts
C.Drawings Accounts
D.Cash Account only
Explanation: With fixed capitals, adjustments (interest, salary, share of profit, drawings) go through Current Accounts; Capital Accounts remain fixed except permanent changes.
8X and Y share profits 3:2. Net profit is ₹1,00,000. Interest on capital: X ₹12,000, Y ₹8,000. Divisible profit and X's share are:
A.₹80,000; X gets ₹48,000
B.₹1,00,000; X gets ₹60,000
C.₹80,000; X gets ₹32,000
D.₹1,20,000; X gets ₹72,000
Explanation: Divisible profit = 1,00,000 − 12,000 − 8,000 = ₹80,000. X's share = 3/5 × 80,000 = ₹48,000.
9A, B and C share profits 2:2:1. C is guaranteed a minimum of ₹50,000 by A and B equally. Profit is ₹1,80,000. Deficiency of C met by A and B is:
A.₹7,000 each
B.₹14,000 each
C.₹10,000 by A only
D.No deficiency
Explanation: C's share = 1/5 × 1,80,000 = ₹36,000. Deficiency = 50,000 − 36,000 = ₹14,000, shared equally by A and B → ₹7,000 each.
10Interest on capital was omitted: A ₹10,000, B ₹6,000. Profits were shared equally. The adjusting entry to correct past omission (net) charges B and credits A with:
A.₹2,000
B.₹8,000
C.₹4,000
D.₹16,000
Explanation: Total interest ₹16,000 should reduce divisible profit. Equal sharing means each was over-credited by ₹8,000 of profit. After giving interest, A should be better by 10,000−8,000=₹2,000; B worse by 8,000−6,000=₹2,000. So debit B ₹2,000 and credit A ₹2,000.

About the BSEH SS Accountancy Practice Questions

Verified exam format metadata for Board of School Education Haryana (BSEH) Senior Secondary Accountancy (Class 12 — Accountancy elective, date-sheet code 903) is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.