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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-focused Class 12 Accountancy concepts and calculations.

Sample BSEH SS Accountancy Practice Questions

Try these sample questions to review concepts for the BSEH SS Accountancy exam. 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 Exam

Haryana Senior Secondary Accountancy under BSEH covers Class 12 Accountancy aligned to the Board’s Senior Secondary syllabus and NCERT-style Class 12 Accountancy. Core topics include partnership fundamentals and goodwill, reconstitution (admission, retirement, death), dissolution, company share capital (issue, forfeiture, reissue), debentures, company financial statements, ratio analysis, and cash flow statement (AS-3). Official assessment is a theory paper of about 3 hours (date-sheet code 903). This free local bank provides English four-option MCQs for revision and calculation practice; pair it with official syllabus PDFs and written numerical practice via bseh.org.in.

Exam sponsor: Board of School Education Haryana (BSEH). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

BSEH Senior Secondary Accountancy is a Class 12 theory elective under the Senior Secondary Certificate Examination (date-sheet code 903). Official logistics describe about 3 hours of theory work. Syllabus is CBSE/NCERT Class 12 Accountancy-aligned: partnership fundamentals and goodwill, reconstitution (admission, retirement, death), dissolution, company share capital, debentures, financial statement analysis, accounting ratios, and cash flow statement (AS-3). Hindi/English medium materials are typical; this practice bank is an English-language MCQ study adaptation. Confirm the current syllabus PDF and circulars on bseh.org.in.

Time Limit

3 hours

Passing Score

33%

Exam / Certification Fees

As notified by BSEH and paid through affiliated schools for regular and compartment/improvement sittings (no single fixed public subject fee for all categories).

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

~12% of this local bank

Partnership Fundamentals

Deed defaults, capitals, appropriations, interest, and goodwill valuation methods.

~18% of this local bank

Reconstitution

Admission, retirement, death — ratios, revaluation, reserves, and goodwill.

~10% of this local bank

Dissolution

Realisation Account, payment order, and realisation results.

~18% of this local bank

Company Share Capital

Issue, premium, pro-rata, forfeiture, reissue, and capital reserve.

~7% of this local bank

Debentures

Issue, premium/discount concepts, interest, and Class 12 redemption basics.

~5% of this local bank

Company Financial Statements

Schedule III presentation and comparative/common-size ideas.

~16% of this local bank

Ratio Analysis

Liquidity, solvency, activity, and profitability ratios with calculations.

~14% of this local bank

Cash Flow Statement

Operating, investing, financing classification and indirect-method adjustments.

Preparing for the BSEH SS Accountancy Exam

What You Need to Know

  • Passing score: 33%
  • Assessment: BSEH Senior Secondary Accountancy is a Class 12 theory elective under the Senior Secondary Certificate Examination (date-sheet code 903). Official logistics describe about 3 hours of theory work. Syllabus is CBSE/NCERT Class 12 Accountancy-aligned: partnership fundamentals and goodwill, reconstitution (admission, retirement, death), dissolution, company share capital, debentures, financial statement analysis, accounting ratios, and cash flow statement (AS-3). Hindi/English medium materials are typical; this practice bank is an English-language MCQ study adaptation. Confirm the current syllabus PDF and circulars on bseh.org.in.
  • Time limit: 3 hours
  • Exam / certification fees: As notified by BSEH and paid through affiliated schools for regular and compartment/improvement sittings (no single fixed public subject fee for all categories). Official sources

Using Our Practice Resources

  • Work through all 100 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

BSEH SS Accountancy: Suggested Study Strategy

1Memorise standard formats (P&L Appropriation, Revaluation, Realisation, Share Capital journals) and rewrite one short/long answer after each MCQ set.
2For ratios and goodwill, always write the formula first, then substitute Indian-format figures carefully (₹ lakhs separators).
3Track sacrificing vs gaining ratio triggers: admission vs retirement/death — a common objective trap.
4For share forfeiture/reissue, separate called-up, received, and capital reserve steps before picking options.
5Use current BSEH Class 12 Accountancy syllabus and date-sheet materials from bseh.org.in to allocate revision time between objective and subjective sections.

Frequently Asked Questions

How is BSEH Senior Secondary Accountancy officially examined?

Accountancy is examined under the Haryana Senior Secondary Certificate Examination as a Class 12 theory elective. Date-sheet materials list Accountancy as code 903 with about 3 hours of theory work. Confirm the year’s syllabus PDF, date sheet, and circulars on bseh.org.in.

Is this practice bank the same format as the official Senior Secondary Accountancy paper?

No. Official BSEH Class 12 Accountancy theory papers mix objective and subjective numerical/theory sections. This bank is an English-language multiple-choice study adaptation for concepts and numericals only — not an official translation, blueprint replica, or full written-paper simulation.

What syllabus does this bank follow?

It is aligned to BSEH Senior Secondary (Class 12) Accountancy / NCERT Class 12 Accountancy style scope: partnership fundamentals and reconstitution, dissolution, company share capital, debentures, company financial statements, ratio analysis, and cash flow statement (AS-3).

What is the pass mark for BSEH Senior Secondary Accountancy?

BSEH Senior Secondary subject pass floor is commonly stated as 33% for theory electives. Always verify the current BSEH Senior Secondary notification for exact criteria for your sitting.

Where should I check official syllabus and date sheets?

Use the Board of School Education Haryana website at bseh.org.in for Class 12 syllabus catalog entries (including Accountancy), date sheets (code 903), and exam circulars.