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100+ Free Kerala Plus Two Accountancy with AFS (DHSE) Practice Questions

Kerala Directorate of Higher Secondary Education (DHSE) Plus Two / Higher Secondary Accountancy with Analysis of Financial Statements (Class 12 — Commerce; codes 511/512) practice questions are available now; exam metadata is being verified.

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2026 Statistics

Key Facts: Kerala Plus Two Accountancy with AFS (DHSE) Exam

~2.5 hours

Typical Kerala Plus Two Accountancy with AFS Terminal Evaluation theory duration (incl. cool-off as notified)

DHSE Higher Secondary exam logistics

80 + 20

Common TE + CE mark split for non-practical Plus Two subjects including Accountancy with AFS

DHSE TE+CE pattern for non-practical subjects

511/512

Official ACCOUNTANCY WITH AFS course codes on beta.hseportal.kerala.gov.in

Kerala HSE subject catalog (beta portal)

Commerce

Accountancy with AFS is a core Plus Two Commerce stream elective under DHSE

Kerala HSE subject-combination practice

~30%

Commonly stated Kerala Higher Secondary subject pass floor (D+; confirm TE minimum yearly)

DHSE Plus Two pass criteria practice

English MCQ adaptation

This free local bank is not the official Plus Two TE paper format

OpenExamPrep practice policy

Kerala DHSE Plus Two Accountancy with AFS (codes 511/512) is a Class 12 Commerce public-exam theory elective of about 2.5 hours (commonly TE 80 + CE 20) with a ~30% pass floor, covering partnership through cash flow — not a pure MCQ board paper. This free 2026 bank is an English MCQ study adaptation for NCERT/DHSE-aligned Plus Two Accountancy concepts and numericals.

Sample Kerala Plus Two Accountancy with AFS (DHSE) Practice Questions

Try these sample questions to test your Kerala Plus Two Accountancy with AFS (DHSE) 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, partners share profits and losses:
A.In the ratio of their capital contributions
B.Equally
C.In the ratio of time devoted
D.As decided by the managing partner
Explanation: The Indian Partnership Act, 1932 provides that, in the absence of an agreement, partners share profits and losses equally, irrespective of capital contributions or time devoted.
2In the absence of a partnership deed, interest on partners' capital is:
A.Allowed at 6% per annum
B.Allowed at 12% per annum
C.Not allowed
D.Allowed only on fixed capitals
Explanation: Without an agreement, no interest on capital is payable. Interest on capital is allowed only if the partnership deed provides for it (and usually only out of profits).
3Interest on a partner's loan to the firm, in the absence of agreement, is allowed at:
A.5% per annum
B.6% per annum
C.8% per annum
D.12% per annum
Explanation: Section 13 of the Indian Partnership Act provides for interest at 6% p.a. on a partner's loan when the deed is silent. This is charged as an expense of the firm.
4Under the fixed capital method, interest on capital is credited to:
A.Partners' Capital Accounts
B.Partners' Current Accounts
C.Profit and Loss Account only
D.Drawings Account
Explanation: With fixed capitals, capital accounts remain at the agreed fixed amounts. Adjustments such as interest on capital, share of profit, and drawings pass through Partners' Current Accounts.
5A and B share profits equally. Capitals: A Rs 1,00,000; B Rs 60,000. Interest on capital is 10% p.a. as per deed, allowed only out of profits. Profit before interest is Rs 12,000. Interest allowed will be:
A.A Rs 10,000; B Rs 6,000
B.A Rs 7,500; B Rs 4,500
C.A Rs 6,000; B Rs 6,000
D.A Rs 12,000; B Rs 0
Explanation: Full interest would be A Rs 10,000 + B Rs 6,000 = Rs 16,000, but available profit is only Rs 12,000. Interest is restricted in the ratio of interest claims 10:6 (5:3). A gets 5/8 x 12,000 = Rs 7,500; B gets 3/8 x 12,000 = Rs 4,500.
6Drawings of Rs 10,000 made on 1 July. Interest on drawings is 12% p.a. and books close on 31 March. Interest on drawings is:
A.Rs 1,200
B.Rs 900
C.Rs 600
D.Rs 300
Explanation: Period from 1 July to 31 March is 9 months. Interest = 10,000 x 12% x 9/12 = Rs 900.
7When partners use fluctuating capital accounts, partners' drawings are:
A.Debited to Partners' Current Accounts
B.Debited to Partners' Capital Accounts
C.Credited to Partners' Capital Accounts
D.Not recorded in partners' accounts
Explanation: Under the fluctuating capital method there is usually no separate current account. All adjustments including drawings, interest, salary, and profit share are made in the Capital Accounts. Drawings are debited to Capital Accounts.
8A guarantee that a partner will receive a minimum profit means that any deficiency is borne by:
A.The firm as a business expense
B.The guaranteeing partner(s) as agreed
C.The government
D.Only the partner with the largest capital
Explanation: When a partner is guaranteed a minimum share of profit, any shortfall is met by the partner(s) who gave the guarantee, in the agreed manner (often in their profit-sharing ratio among themselves).
9Past adjustments for omitted interest on capital are generally made through:
A.Revaluation Account
B.Partners' Capital (or Current) Accounts with a single adjusting entry
C.Realisation Account
D.Cash Account only
Explanation: Errors or omissions relating to interest, salary, or profit distribution for prior periods are corrected by adjusting partners' capital/current accounts (often via Profit and Loss Adjustment Account), not through revaluation or realisation.
10A, B and C are partners sharing profits 2:2:1. C is guaranteed a minimum profit of Rs 50,000. Firm's profit is Rs 1,80,000. C's actual share before guarantee is Rs 36,000. Deficiency of Rs 14,000 is borne by A and B equally as per deed. Profit credited to A will be:
A.Rs 72,000
B.Rs 65,000
C.Rs 58,000
D.Rs 79,000
Explanation: Profit before guarantee: A 2/5 x 1,80,000 = Rs 72,000; B Rs 72,000; C Rs 36,000. C needs Rs 50,000, so deficiency Rs 14,000 is borne equally by A and B (Rs 7,000 each). A's final share = 72,000 - 7,000 = Rs 65,000; B Rs 65,000; C Rs 50,000.

About the Kerala Plus Two Accountancy with AFS (DHSE) Practice Questions

Verified exam format metadata for Kerala Directorate of Higher Secondary Education (DHSE) Plus Two / Higher Secondary Accountancy with Analysis of Financial Statements (Class 12 — Commerce; codes 511/512) is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.