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BSEH SS Accountancy Practice Questions - Board of School Education Haryana (BSEH) Senior Secondary Accountancy (Class 12 - Accountancy elective, date-sheet code 903) Exam

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About this Exam

Prepare with the BSEH SS Accountancy Practice Questions - Board of School Education Haryana (BSEH) Senior Secondary Accountancy (Class 12 - Accountancy elective, date-sheet code 903) Exam practice quiz. This question bank includes 100 questions covering share, capital, shares, goodwill, and profit. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

Sample Questions

Question 1
In the absence of a partnership deed, interest on partners' capital is:
Allowed at 6% p.a.
Allowed at 12% p.a.
Not allowed
Allowed only if profits are sufficient
Question 2
A 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:
₹7,800
₹12,000
₹6,000
₹5,400
Question 3
Average profits of last 4 years are ₹1,20,000. Goodwill is valued at 3 years' purchase of average profits. Goodwill is:
₹3,60,000
₹1,20,000
₹4,80,000
₹2,40,000
Question 4
Normal rate of return is 10%. Capital employed is ₹10,00,000. Average profit is ₹1,50,000. Super profit is:
₹50,000
₹1,50,000
₹1,00,000
₹15,000
Question 5
Super profit is ₹40,000. Normal rate of return is 10%. Goodwill by capitalisation of super profit is:
₹4,00,000
₹40,000
₹4,40,000
₹4,000

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Additional Information

BSEH SS Accountancy Practice Questions - Board of School Education Haryana (BSEH) Senior Secondary Accountancy (Class 12 - Accountancy elective, date-sheet code 903) Exam

This practice set contains 100 questions from the matching question bank and focuses on share, capital, shares, goodwill, and profit. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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Frequently Asked Questions

This quiz contains a total of 100 practice questions carefully selected to test your knowledge on this subject.
Yes, you will have exactly 0 minutes to complete the exam. A countdown timer will be visible once you start.
Yes, you can retake this practice test as many times as you need. The questions and options may be randomized on subsequent attempts to ensure comprehensive learning.

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