ISC Class 12 Accountancy Question Paper 2017

ICSE

ISC Class 12 Accountancy Question Paper 2017

Class 12 Accountancy ISC Question Paper 2017 - Free PDF Download

ISC refers to Indian School Certificate which is a 12th standard examination and CISCE is the body that is responsible for conducting this examination. Class 12 is the most important turning point of any student’s life because it is a point where school ends and college starts. It helps in getting a good college which will kickstart your career. Thus, good preparation for this turning point means a lot. Therefore, Vedantu is here to help you with ISC Class 12 Accountancy Question Paper 2017 which helps you to have an idea about the exam and you can prepare well accordingly.

Previous Year Question Paper of ISC Class 12 Accountancy 2017

If we talk about the subject of accountancy, a proper and detailed syllabus is structured for Class 12 students and we know that scoring good marks in Class 12 means a lot. A good score in Class 12 will help the students in getting a good college of their choice. Accountancy subject is introduced in Class 11 where students learn the basics of the subject and Class 12 is the up-gradation of Class 11 only where students get to learn more basic concepts of accountancy. For better preparation and scoring better marks, previous year’s papers will help you for sure. That's why we are here attaching the PDF of the previous year question paper of ISC Class 12 Accountancy 2017. This will solve the problem of those students who struggle to find previous year’s question papers for practice. Solving the previous year’s paper yields a number of benefits which are mentioned below.

What are the Merits of solving the Previous Year Question Paper of ISC Class 12 Accountancy 2017?

This is the actual question paper of 2017 and solving the previous year’s paper will help you to understand the level of the exam of a particular subject.
You will be able to assess your time of answering and completion of the paper. You will come to know whether you're able to finish the paper in the stipulated time or not. If not, then you can manage your time accordingly next time.
Previous year papers and the latest practice papers both help in upgrading your preparation level.
This will also help in revising the whole syllabus and practising as well.
Accountancy is a subject that demands practice. It will help you to practice more and more worthy practical questions along with theoretical ones.

How to Practise ISC Class 12 Accountancy Question Paper 2017?

The PDF of the question paper is attached here. You can download it with the help of the internet and use it offline for practice. It is a 3-hour final exam. Thus, practice it like you are attending your final examinations. Revise the whole syllabus, have a timer of 3 hours and start attempting. Within a time span of 3 hours, you have to finish the paper. Only then you will be able to get good results in solving this paper. For attempting the paper, you can use sample answer sheets from the market. Later, evaluate yourself and check your answers and count your marks. In this way, you will be able to extract multiple benefits from solving this paper.

Thus, the only difference between the students who get good marks and those who do not is the practice. Practice is the key to get a good score in final examinations and Accountancy is a subject that needs a lot of practice. That is why the importance of previous year papers and practise papers increases. Practice these papers again and again and evaluate yourself and yield the desired results.

What Do You Mean by the Balance Sheet in ISC Class 12 Accountancy?

The Balance Sheet in ISC Class 12 Accountancy refers to the statement that describes the financial status of any company. In short, it shows the financial position of any company. It consists of the assets and liabilities of the organization at the end of the accounting period and the preparation regarding the trade and profit and loss accounts.

Vedantu provides you with free access to this information. It explains to you the purpose or importance of the Balance Sheet, what is the Balance Sheet Format, the Structure of a Balance Sheet, etc. Visit the official website of Vedantu and gain in-depth knowledge about the Balance Sheet.

FAQs on ISC Class 12 Accountancy Question Paper 2017

1. Why should I go for Vedantu ISC Class 12 Accountancy Question Paper 2017?

Vedantu is considered as one of the best sources of education and provides you with in-depth knowledge about all the chapters and syllabus and therefore, the study material including question papers is precisely designed by highly qualified experts at Vedantu. The student should go for the ISC Class 12 Accountancy Question Paper 2017 and one of the basic reasons behind it is that the experts at Vedantu do a thorough study of each question paper and syllabus. After in-depth research of question papers of all years and syllabus of all years whether it is old and outdated as well as the latest, they designed their question papers which are exactly the same as the one that student receives in the examination hall. Therefore, Vedantu is considered to be one of the most trustworthy sources of reading.

2. What are the important topics of the ISC Class 12 Accountancy?

The 12th Class Board exam is the turning point for every student's life and therefore the student must need to understand the important topics of the ISC Class 12 Accountancy so that he would cover those topics first and they are mentioned below in a tabulated form.

Chapter Name	Topics
Joint Venture	Method 3: When Separate Sets of Books is Maintained
Partnership Accounts	Profit and Loss Appropriation Account and Partner’s Capital Accounts Past Adjustments Guarantee of Profits
Goodwill: Concept & Mode of Valuation	Valuation of Goodwill based on any 1 method
Admission of a Partner	Revaluation A/c, Partners’ Capital A/c and Balance Sheet(Cases of Adjustment of Capital and Treatment of Goodwill)
Change in Profit-Sharing Ratio	When Accumulated Profits & Losses are to be shown When Assets & Liabilities are to be shown at their old values
Retirement and Death of a Partner	Retirement – Revaluation A/c, Partners’ Capital A/c and Balance Sheet(Cases of Adjustment of Capital and Treatment of Goodwill) Death – Deceased Partner’s Capital A/c and Legal Representative A/c
Dissolution of a Partnership Firm	Realisation A/c, Partners’ Capital A/c & Cash A/c Or Journal Entries based question
Issue of Shares	Pro-rata Allotment related Journal Entries Presentation of Share Capital in Balance Sheet Issue of Shares for Consideration other than Cash
Issue of Debentures	Issue of Debentures w.r.t. Redemption Terms Interest on Debentures Issue of Debentures as Collateral Securities
Final Accounts of Companies	Listing of items under the Heads of Balance Sheet
Common-size and Comparative Statements	Common-size Income Statement/Balance SheetComparative Income Statement/Balance Sheet
Cash Flow Statement	Preparation of Cash Flow Statement Proposed Dividend Provision for Taxation Fixed Asset A/c and Provision for Depreciation A/c
Ratio Analysis	Important Ratios Solvency Ratios Profitability Ratios Turnover Ratios

3. How can I score well in the ISC Class 12 Accountancy exams?

Among all the board exams, the ISC board exam is considered to be challenging. Therefore, the students who are appearing for the ISC Class 12 Accountancy Exams are recommended to solve as many question papers as they can. Vedantu provides you free access to the ISC Class 12 Accountancy Question Paper 2017. By solving these question papers, they would gain speed as well as be more efficient. Although the syllabus of the ISC Class 12 Accountancy is similar to the Boards exams of CBSE, the students would get one advantage in the ISC is that checking of answer scripts is lenient as compared to CBSE and others.

4. What are some tips for solving the ISC Class 12 Accountancy Question Paper 2017?

Board exams, especially of 12th, are the main exams which help in deciding the interest and future of the students. The student needs to be very serious in case of board exams which are going to decide his future. So, to get the best possible scores the student needs to adopt these methods which are mentioned:

You need a solid plan and strategy for studying.
Divide your chapters on the basis of days and hours and complete your everyday target.
After finishing chapters, try to solve question papers which helps in providing you with an idea about what kind of questions they are going to ask. Vedantu provides you free access to ISC Class 12 Accountancy Question Paper 2017. You just click on this link. When the link would open then they would display "Download PDF" click on that tan and then all the questions would get downloaded in the PDF format.

5. Can I get a 100 per cent in the ISC Class 12 Accountancy?

The students, with the help of a solid plan and strategy, will definitely be able to score 100 percent in the ISC Class 12 Accountancy. Experts recommend revision and the regular practice of all the question papers. The question paper is an important source of gaining the highest marks in the exam and therefore it is indispensable for all the students to attempt to solve as many question papers as they can. Vedantu provides you free access to all these question papers. Go to the official website of Vedantu and click on Previous Year Question Paper for CBSE Class 12 Accountancy and then you will find Accountancy Previous Year Question Paper Class 12 from the year 2016-2020 and click on them and start solving for your better future.