PracticeVideosBlogFlashcardsEspañol
All Practice Exams

100+ Free KSEAB II PUC Accountancy Practice Questions

Karnataka School Examination and Assessment Board (KSEAB) II PUC Accountancy (Class 12 Pre-University — Accountancy, subject code 30) practice questions are available now; exam metadata is being verified.

✓ No registration✓ No credit card✓ No hidden fees✓ Start practicing immediately
100+ Questions
100% Free

Loading practice questions...

Same family resources

Explore More Karnataka KSEAB II PUC Subjects

Continue into nearby exams from the same family. Each card keeps practice questions, study guides, flashcards, videos, and articles in one place.

Karnataka II PUC Arabic (KSEAB)

Practice Questions

Karnataka II PUC Basic Mathematics (KSEAB)

Practice Questions

Karnataka II PUC Biology (KSEAB)

Practice Questions

Karnataka II PUC Business Studies (KSEAB)

Practice Questions

Karnataka II PUC Chemistry (KSEAB)

Practice Questions

Karnataka II PUC Computer Science (KSEAB)

Practice Questions
2026 Statistics

Key Facts: KSEAB II PUC Accountancy Exam

Code 30

II PUC Accountancy subject code on Karnataka Pre-University materials

KSEAB/DPUE II PUC subject lists

II PUC theory

Official assessment is a multi-hour public-exam theory paper, not pure MCQ

KSEAB/DPUE II PUC examination pattern

NCERT Class 12 scope

Partnership, company accounts, ratios, and cash flow (AS-3)

DPUE/KSEAB Accountancy syllabus alignment

English MCQ adaptation

This free local bank is not the official II PUC paper format

OpenExamPrep practice policy

KSEAB II PUC Accountancy (Code 30) is a Class 12 Pre-University public-exam theory elective 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/Karnataka-aligned Class 12 Accountancy concepts and calculations.

Sample KSEAB II PUC Accountancy Practice Questions

Try these sample questions to test your KSEAB II PUC 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, partners share profits and losses:
A.In capital ratio
B.Equally
C.In the ratio of their drawings
D.As decided by the managing partner only
Explanation: Under the Indian Partnership Act, 1932, if there is no deed (or no profit-sharing clause), profits and losses are shared equally.
2In the absence of a partnership deed, interest on a partner's loan to the firm is allowed at:
A.12% p.a.
B.10% p.a.
C.6% p.a.
D.Nil
Explanation: Section 13 of the Indian Partnership Act, 1932 provides interest on partner's loan at 6% p.a. when the deed is silent.
3Which statement is true when there is no partnership deed?
A.Salary is allowed to working partners automatically
B.Interest on capital is allowed at 6% p.a.
C.Partners are not entitled to salary
D.Commission is paid on net profit automatically
Explanation: Without a deed provision, partners are not entitled to salary, commission, or interest on capital (except 6% interest on partner loans).
4A and B are partners sharing profits equally. A's capital is ₹2,00,000 and B's is ₹1,00,000. Interest on capital is allowed at 10% p.a. Total interest on capital charged to Profit and Loss Appropriation Account is:
A.₹30,000
B.₹20,000
C.₹15,000
D.₹10,000
Explanation: Interest on A = 2,00,000 × 10% = ₹20,000; on B = 1,00,000 × 10% = ₹10,000; total = ₹30,000.
5X drew ₹40,000 on 1 October. Interest on drawings is charged at 12% p.a. for the year ended 31 March. Interest on X's drawings is:
A.₹4,800
B.₹2,400
C.₹1,200
D.₹3,600
Explanation: Months outstanding = 6 (Oct–Mar). Interest = 40,000 × 12% × 6/12 = ₹2,400.
6A 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.
7Average profits of last 4 years are ₹1,50,000. Goodwill is valued at 2 years' purchase of average profits. Goodwill is:
A.₹3,00,000
B.₹1,50,000
C.₹6,00,000
D.₹75,000
Explanation: Goodwill = average profit × years' purchase = 1,50,000 × 2 = ₹3,00,000.
8Normal rate of return is 12%. Capital employed is ₹8,00,000. Average profit is ₹1,20,000. Super profit is:
A.₹24,000
B.₹96,000
C.₹1,20,000
D.₹1,44,000
Explanation: Normal profit = 12% of 8,00,000 = ₹96,000. Super profit = 1,20,000 − 96,000 = ₹24,000.
9Super profit is ₹50,000. Normal rate of return is 10%. Goodwill by capitalisation of super profit is:
A.₹5,00,000
B.₹50,000
C.₹5,50,000
D.₹5,000
Explanation: Goodwill = Super profit × 100 / Normal rate = 50,000 × 100/10 = ₹5,00,000.
10Profits for 4 years: ₹80,000, ₹1,00,000, ₹1,20,000 and ₹1,00,000. Goodwill at 3 years' purchase of average profit is:
A.₹3,00,000
B.₹4,00,000
C.₹2,50,000
D.₹1,00,000
Explanation: Average profit = (80,000 + 1,00,000 + 1,20,000 + 1,00,000)/4 = ₹1,00,000. Goodwill = 1,00,000 × 3 = ₹3,00,000.

About the KSEAB II PUC Accountancy Practice Questions

Verified exam format metadata for Karnataka School Examination and Assessment Board (KSEAB) II PUC Accountancy (Class 12 Pre-University — Accountancy, subject code 30) is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.