Free Practice Questions for KSEAB II PUC Accountancy
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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-focused Class 12 Accountancy concepts and calculations.
Sample KSEAB II PUC Accountancy Practice Questions
Try these sample questions to review concepts for the KSEAB II PUC 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, partners share profits and losses:
2In the absence of a partnership deed, interest on a partner's loan to the firm is allowed at:
3Which statement is true when there is no partnership deed?
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:
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:
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:
7Average profits of last 4 years are ₹1,50,000. Goodwill is valued at 2 years' purchase of average profits. Goodwill is:
8Normal rate of return is 12%. Capital employed is ₹8,00,000. Average profit is ₹1,20,000. Super profit is:
9Super profit is ₹50,000. Normal rate of return is 10%. Goodwill by capitalisation of super profit is:
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:
About the KSEAB II PUC Accountancy Exam
Karnataka II PUC Accountancy under KSEAB/DPUE covers Class 12 Pre-University Accountancy aligned to the Board’s 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 (subject code 30). This free local bank provides English four-option MCQs for revision and calculation practice; pair it with official syllabus materials and written numerical practice via kseab.karnataka.gov.in and dpue-exam.karnataka.gov.in.
Exam sponsor: Karnataka School Examination and Assessment Board (KSEAB) / Department of Pre-University Education (DPUE), Karnataka. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.
Assessment
KSEAB II PUC Accountancy is a Class 12 Pre-University theory elective under the Karnataka II PUC public examination (subject code 30). Official logistics describe multi-hour theory work under KSEAB/DPUE rules. Syllabus is 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). Kannada/English medium materials are typical; this practice bank is an English-language MCQ study adaptation. Confirm the current syllabus and circulars on kseab.karnataka.gov.in and dpue-exam.karnataka.gov.in.
Time Limit
About 3 hours 15 minutes (confirm year’s timetable)
Passing Score
As notified by KSEAB/DPUE for II PUC theory subjects
Exam / Certification Fees
As notified by KSEAB/DPUE and paid through affiliated PU colleges for regular and repeat sittings (no single fixed public subject fee for all categories).
Exam sponsor websiteFees, 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.
Partnership Fundamentals
Deed defaults, capitals, appropriations, interest, and goodwill valuation methods.
Reconstitution
Admission, retirement, death — ratios, revaluation, reserves, and goodwill.
Dissolution
Realisation Account, payment order, and realisation results.
Company Share Capital
Issue, premium, pro-rata, forfeiture, reissue, and capital reserve.
Debentures
Issue, premium/discount concepts, interest, and Class 12 basics.
Company Financial Statements
Schedule III presentation and comparative/common-size ideas.
Ratio Analysis
Liquidity, solvency, activity, and profitability ratios with calculations.
Cash Flow Statement
Operating, investing, financing classification and indirect-method adjustments.
Preparing for the KSEAB II PUC Accountancy Exam
What You Need to Know
- Passing score: As notified by KSEAB/DPUE for II PUC theory subjects
- Assessment: KSEAB II PUC Accountancy is a Class 12 Pre-University theory elective under the Karnataka II PUC public examination (subject code 30). Official logistics describe multi-hour theory work under KSEAB/DPUE rules. Syllabus is 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). Kannada/English medium materials are typical; this practice bank is an English-language MCQ study adaptation. Confirm the current syllabus and circulars on kseab.karnataka.gov.in and dpue-exam.karnataka.gov.in.
- Time limit: About 3 hours 15 minutes (confirm year’s timetable)
- Exam / certification fees: As notified by KSEAB/DPUE and paid through affiliated PU colleges for regular and repeat 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
KSEAB II PUC Accountancy: Suggested Study Strategy
Frequently Asked Questions
How is KSEAB II PUC Accountancy officially examined?
Accountancy is examined under the Karnataka II PUC (Class 12 Pre-University) public examination as a theory elective (subject code 30). Confirm the year’s syllabus, timetable, and circulars on kseab.karnataka.gov.in and dpue-exam.karnataka.gov.in.
Is this practice bank the same format as the official II PUC Accountancy paper?
No. Official KSEAB II PUC 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 Karnataka II PUC 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 subject code for II PUC Accountancy?
Accountancy is commonly listed as subject code 30 on Karnataka II PUC materials. Always verify the current year’s subject list and date sheet on official KSEAB/DPUE portals.
Where should I check official syllabus and exam notices?
Use kseab.karnataka.gov.in, dpue.karnataka.gov.in, and dpue-exam.karnataka.gov.in for II PUC Accountancy syllabus, model papers, fee circulars, and public examination timetables.