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CBSE Class 12 Accountancy Question Paper 2020 | Download Free PDF

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Class 12 Accountancy CBSE Question Paper 2020

At Vedantu, CBSE Class 12 Accountancy subject is prepared in a way that is developed to present basic skills for developing accounting data to maintain books of accounts. 


We have seen that many students studied hard and learned the concepts well, but still, struggled to finish answering the paper. Our super professional and qualified teachers have curated these CBSE Accountancy Class 12 prior years’ question papers. Following this, they have developed a set of sample papers in PDF format that are available for free download at Vedantu.


The study material has been made using sample question papers, past year question papers with relevant solutions and answer keys. All the guidelines provided are valuable in learning CBSE Class 12 Accountancy to its full potential. The question papers of CBSE Class 12 Accountancy are full of varied exercises, such as multiple choice questions, worksheets, assignments, value based questions, long form answer keys, online tests, etc. 

Importance of studying Accountancy at CBSE Class 12:

Accountancy is the key step of keeping records of different financial events. Accountancy is such a subject that it is going to help you throughout your future even if you don’t become an accountant. Learning the subject very well will help you lay a very concrete foundation for other fields as well. If you are good at Accountancy, then you will be able to manage your finance-related matters efficiently. You just need to learn the basics of Accountancy thoroughly. These practices will help the student in not just passing, but also attaining a good score in their  Class 11 Accountancy.

 

To learn the subject at the primary level, you need to study Accountancy thoroughly in Classes 11 and 12. At CBSE Class 12, you will get to learn the theory base of Accounting which will lay a strong base of the subject. You can access the revision notes for Accounts CBSE Class 12 on Vedantu from the aforementioned links. 

FAQs on CBSE Class 12 Accountancy Question Paper 2020 | Download Free PDF

1. Can I prepare for the CBSE Class 12 board in 3 months?

If you have the basic understanding of Accountancy you learned in class, 3 months is ample time for you to be fully prepared for the final examination. By observing the relevant questions and understanding the key concepts related to Accountancy, you can get a thorough idea of the upcoming question paper. Vedantu has previous years CBSE Class 12 Accountancy question papers along with the answer keys for you to get the general framework of the subject and its relevant topics.

2. What are the additional reference books for CBSE Class 12 Accountancy?

Apart from the study materials provided by Vedantu, it is recommended that students take guidance from relevant study materials which are needed to have a strong grasp on the subject of Accountancy. T.S Grewal’s comprehensive guide for Class 12 Accountancy books are effective learning materials. D.K. Goel’s Accountancy sample papers and Answer Keys are also one of the most reliable sources for attaining knowledge about Accountancy question papers.

3. How can I pass my CBSE Class 12 Accountancy?

The student must follow specific instructions to clear their Class 12 Accountancy. A better way to understand the concepts of the chapters is to go through the previous year’s CBSE Class 12 Accountancy question papers and note the main key points mentioned there. Secondly,  it is important to read and understand all the chapters line by line to attain a perfect understanding.


Once they are done with the reading of the chapters, the students need to resort to the CBSE solutions, where they get additional practice and training to further strengthen and polish their existing knowledge. 

These practices will help the student in not just passing, but also attaining a good score in their CBSE Class 12 Accountancy.

4. What are CBSE approved abbreviations for Class 12 Accountancy?

Some of the abbreviations from the vast compound of Accountancy are as follows:


ASSOCHAM : Associated Chambers of Commerce and Industry of India


VAT : Value Added Tax


UNCTAD : United Nations Conference on Trade and Development


TDS: Tax Deduction at Source


TIN : Tax Information Network


TAN : Tax Deduction and Collection Account Number


STT : Securities Transaction Tax


SDR : Special Drawing Rights


RTP : Reverse Tranche Position


PAN : Permanent Account Number


OLTAS : Online Tax Accounting System


NYSE : New York Stock Exchange


NSDL : National Securities Depository Limited


NAV : Net Asset Value


NASDAQ : National Association of Securities Dealers Automated Quotation


IPO : Initial Public Offering


IMF : International Monetary Fund


GDR : Global Depository Receipt


GATT : General Agreement for Trade and Tariff


FPO : Follow-on Public Offer


FII : Foreign Institutional Investors


FICCI : Federation of Indian Chambers of Commerce and Industry


FDI : Foreign Direct Investment


FCCB : Foreign Currency Convertible Bond


ECB : External Commercial Borrowing


DICGC : Deposit Insurance and Credit Guarantee Corporation of India


CPI : Consumer Price Index


CII : Confederation of Indian Industries