The JK Board 2026 Class 12 Accountancy Question Paper with Solution PDF is available here. The JKBOSE Accountancy exam was held on March 3, 2026, during the morning session. 

The paper was moderately challenging, with a heavy focus on Financial Statements, Accounting for Partnership Firms, Depreciation, Non-Profit Organizations (NPOs), and GST. While the objective questions on basic partnership deeds and GST definitions were high-scoring, the long-answer questions involving complex partnership reconstitution, cash flow adjustments, and the preparation of final accounts for NPOs required high computational accuracy and a clear understanding of Accounting Standards. Candidates aiming for top-tier results should target a score between 85–95 marks, ensuring they provide neat journal entries, structured ledger formats, and detailed working notes for all practical problems.

JK Board 2026 Class 12 Accountancy Question Paper with Solution PDF

JK Board 2026 Class 12 Accountancy Question Paper with Solution PDF Download PDF Check Solution
JK Board 2026 Class 12 Accountancy Question Paper with Solution

Question 1:

Which of the following is not a tool of financial statement analysis?

  • (A) Ratio analysis
  • (B) Cash flow statement
  • (C) Comparative statement
  • (D) Journal entries

Question 2:

Dividend paid is classified under which activity (as per AS-3 Revised)?

  • (A) Operating
  • (B) Financing
  • (C) Investing
  • (D) Trading

Question 3:

Debentures are shown in Balance Sheet of a company under the head of:

  • (A) Share Capital
  • (B) Debenture Capital
  • (C) Non-current Liabilities
  • (D) Current Liabilities

Question 4:

Shareholders get:

  • (A) Interest
  • (B) Dividend
  • (C) Commission
  • (D) Profit

Question 5:

Old ratio of two partners A and B is 5:3, they admit another partner C for 1/4th share. The new ratio among A, B and C is:

  • (A) 15 : 9 : 8
  • (B) 20 : 12 : 8
  • (C) 5 : 3 : 2
  • (D) 9 : 6 : 5

Question 6:

The maximum number of partners in a partnership firm as per Companies Act, 2013 is:

  • (A) 20
  • (B) 50
  • (C) 100
  • (D) No limit

Question 7:

The goodwill brought in cash by a new partner is shared by the existing partners in:

  • (A) New profit-sharing ratio
  • (B) Old profit-sharing ratio
  • (C) Sacrificing ratio
  • (D) Gaining ratio

Question 8:

Dissolution of partnership means:

  • (A) Ending of partnership agreement only
  • (B) Closing down of business completely
  • (C) Change in profit sharing ratio
  • (D) Admission of a new partner

Question 9:

A Ltd forfeited 20 shares of K for non-payment of final call money of Rs. 3. Pass forfeiture entry when face value of share is Rs. 10.


Question 10:

A Ltd. purchased plant from B Ltd. for Rs. 4,00,000 payable in fully paid shares of Rs. 100. Pass journal entries when shares are issued at par.


Question 11:

X, Y, and Z are partners in 2:1:1 ratio. Y retires. Calculate the new ratio.


Question 12:

Define redemption of debentures. Explain any two methods of redemption.

Class 12 Accounts Chapter 1 One Shot | Fundamentals of Partnership |Accounting for Partnership Firms