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100+ Free RBSE SS Accountancy Practice Questions

Rajasthan RBSE Senior Secondary (Class 12) Accountancy — Code 030 practice questions are available now; exam metadata is being verified.

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2026 Statistics

Key Facts: RBSE SS Accountancy Exam

030

RBSE subject code for Accountancy

RBSE 2026 subject-wise statistics

Theory 80 + Sessional 20

Typical full marks / assessment pattern

RBSE syllabus examination scheme

3 h 15 m

Typical theory paper duration (where applicable)

RBSE Class 12 / Praveshika schemes

33%

Common minimum pass threshold under RBSE regulations

RBSE examination regulations (confirm circular)

2026

Main examination cycle evidenced in official subject-wise statistics

rajeduboard.rajasthan.gov.in/statistics2026.htm

MCQ study aid

Local bank adapts knowledge to four-option MCQs; official paper is mixed/performance format

OpenExamPrep assessment-format policy

RBSE Senior Secondary (Class 12) Accountancy (code 030): Theory 80 + Sessional 20 = 100; 3 hours 15 minutes (theory paper). Pass about 33% per RBSE rules (confirm circular). Fee as per board notification. Free English MCQ study aid — not a full official-format simulation.

Sample RBSE SS Accountancy Practice Questions

Try these sample questions to test your RBSE 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, partners share profits and losses:
A.In capital ratio
B.Equally
C.In the ratio of time devoted
D.As fixed by the senior partner
Explanation: Under the Indian Partnership Act, 1932, if there is no agreement on profit sharing, profits and losses are shared equally.
2In 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 out of profits at 8%
Explanation: Without a deed provision, partners are not entitled to interest on capital under the Indian Partnership Act, 1932.
3A partner advances a loan of Rs 2,00,000 to the firm. There is no partnership deed. Interest on the loan for a full year is:
A.Rs 24,000
B.Rs 12,000
C.Nil
D.Rs 20,000
Explanation: Default interest on a partner's loan is 6% p.a.: 2,00,000 x 6% = Rs 12,000.
4A and B share profits equally. Capitals: A Rs 1,50,000; B Rs 1,00,000. Interest on capital @ 10% p.a. is allowed only out of profits. Profit before interest is Rs 20,000. Interest allowed will be:
A.A Rs 15,000; B Rs 10,000
B.A Rs 12,000; B Rs 8,000
C.A Rs 10,000; B Rs 10,000
D.A Rs 20,000; B Rs 0
Explanation: Full interest would be A Rs 15,000 + B Rs 10,000 = Rs 25,000, but profit is only Rs 20,000. Interest is restricted and shared in capital ratio 3:2, so A Rs 12,000; B Rs 8,000.
5Drawings of Rs 24,000 were made evenly throughout the year. Interest on drawings is charged at 10% p.a. Interest on drawings for the year is:
A.Rs 2,400
B.Rs 1,200
C.Rs 1,800
D.Rs 600
Explanation: When drawings are uniform throughout the year, average period is 6 months. Interest = 24,000 x 10% x 6/12 = Rs 1,200.
6A drew Rs 40,000 on 1 July and B drew Rs 30,000 on 1 October. Interest on drawings @ 12% p.a.; year ends 31 March. Total interest on drawings is:
A.Rs 8,400
B.Rs 5,400
C.Rs 4,200
D.Rs 3,600
Explanation: A: 40,000 x 12% x 9/12 = Rs 3,600. B: 30,000 x 12% x 6/12 = Rs 1,800. Total = Rs 5,400.
7Which of the following is NOT a feature of partnership under the Indian Partnership Act, 1932?
A.Agreement between two or more persons
B.Business carried on by all or any acting for all
C.Separate legal entity distinct from partners for all purposes
D.Sharing of profits of a business
Explanation: A partnership firm is not a separate legal entity like a company; partners are collectively the firm and generally have unlimited liability (except LLP).
8Current accounts of partners are maintained when capitals are:
A.Fluctuating only
B.Fixed
C.Always zero
D.Transferred to Realisation Account monthly
Explanation: Under the fixed capital method, adjustments such as interest, salary, share of profit and drawings go through partners' current accounts; capital accounts remain fixed except for permanent capital changes.
9Profit and Loss Appropriation Account is prepared to:
A.Record only cash transactions of partners
B.Show distribution of divisible profits among partners
C.Replace the Trading Account
D.Record revaluation of assets only
Explanation: P&L Appropriation Account starts with net profit and shows appropriations such as interest on capital, partners' salary and residual profit distribution.
10A and B share profits 2:1. Net profit is Rs 90,000. Interest on capital: A Rs 8,000; B Rs 4,000. Interest on drawings: A Rs 2,000; B Rs 1,000. Divisible profit after these adjustments is:
A.Rs 81,000
B.Rs 75,000
C.Rs 87,000
D.Rs 90,000
Explanation: Interest on capital is an appropriation (debit) and interest on drawings is a credit to P&L Appropriation. Divisible profit = 90,000 - 8,000 - 4,000 + 2,000 + 1,000 = Rs 81,000.

About the RBSE SS Accountancy Practice Questions

Verified exam format metadata for Rajasthan RBSE Senior Secondary (Class 12) Accountancy — Code 030 is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.