Prepare for your MP Board Class 12 Accountancy exam with these 10 most important questions on Partnership Accounts. Each question includes step-by-step solutions to help you score full marks.
📋 Table of Contents
Most Important Questions in MP Board Class 12 Accountancy for 2027
📌 Why This Matters: Partnership Accounts alone covers 30-35% of the MP Board Class 12 Accountancy paper. Mastering these 10 questions can help you score 25+ marks out of 100 with confidence.
Q1: Question on Calculation of Interest on Capital
📝 Question:
✅ Solution: A’s Interest = ₹2,00,000 × 8% = ₹16,000. B’s Interest = ₹1,50,000 × 8% = ₹12,000. Journal entry: Debit Profit & Loss Appropriation A/c ₹28,000 and Credit A’s Capital A/c ₹16,000 and B’s Capital A/c ₹12,000. This question appears regularly in the MP Board 12th Accountancy paper (2022, 2024).
💡 Exam Tip: This type of question frequently appears in 6-mark and 8-mark sections. Practice similar problems from previous years.
Q2: Question on Goodwill Valuation by Average Profit Method
📝 Question:
✅ Solution: Average Profit = (80,000 + 95,000 + 1,10,000) / 3 = ₹95,000. Goodwill = ₹95,000 × 2 = ₹1,90,000. This is a 4-mark question type that was asked in the 2023 exam.
Q3: Question on Treatment of Goodwill on Admission of a Partner
📝 Question:
✅ Solution: Zs share of goodwill = ₹2,40,000 × 1/4 = ₹60,000. Journal Entry: Cash A/c Dr ₹60,000, To Goodwill A/c ₹60,000 (then distribute between X and Y in sacrificing ratio). This 6-mark question appeared in 2022, 2023, and 2025 papers.
Q4: Question on Revaluation Account on Admission
📝 Question:
✅ Solution: Revaluation A/c shows Profit = ₹50,000 − ₹12,000 − ₹4,000 = ₹34,000. This profit is transferred to old partners capital accounts in their old ratio. This is an 8-mark question type very common in MP Board Class 12 Accountancy question papers.
Q5: Question on Calculation of New Profit Sharing Ratio
📝 Question:
✅ Solution: As new share = 5/8 − 1/12 = 15/24 − 2/24 = 13/24. Bs new share = 3/8 − 1/12 = 9/24 − 2/24 = 7/24. Cs share = 1/6 = 4/24. New Ratio = 13:7:4.
💡 Exam Tip: This type of question frequently appears in 6-mark and 8-mark sections. Practice similar problems from previous years.
📝 Key Exam Preparation Tips
- ✅ Focus on Partnership Accounts — it covers 30-35% of the paper every year
- ✅ Practice journal entries — most 6-mark and 8-mark questions test journal accuracy
- ✅ Master the format — MP Board gives marks for proper format and presentation
- ✅ Solve previous year papers — at least 5 years of papers to understand question patterns
- ✅ Time management — allocate maximum 45 minutes for 15-mark Partnership questions
🎯 Quick Revision Strategy
For last-minute revision, focus on: Interest on Capital calculations, Goodwill valuation methods, Revaluation Account format, and Journal entries for admission/retirement. These topics cover 70% of the Partnership marks.
Frequently Asked Questions (FAQ)
Q: Is Partnership Accounts the most important chapter in MP Board Class 12 Accountancy?
Yes, Partnership Accounts is the highest-weightage unit in the MP Board Class 12 Accountancy syllabus. It covers Admission, Retirement, Dissolution, and Goodwill. Expect 25-35 marks from this chapter in the board exam.
Q: What is the passing marks for MP Board Class 12 Accountancy 2027?
The minimum passing marks for MP Board Class 12 Accountancy is 33 marks out of 100 (theory + practical combined). However, aim for 60+ to get a good overall percentage.
Q: How many questions come from Partnership in MP Board Accountancy?
Typically 4-5 questions worth 25-35 marks come from Partnership Accounts. This includes 2-3 short answer questions (2-3 marks each), 1 long question (6-8 marks), and sometimes a journal entry question (4-6 marks).
Q: Where can I download MP Board Class 12 Accountancy previous year papers?
You can download them from mpboard.ai/papers — we have 10+ years of MP Board Accountancy papers with answers.
Q: What is the book value of goodwill in partnership accounting?
Book value of goodwill is the existing goodwill shown in the books of the firm. It appears on the asset side of the Balance Sheet. On admission or retirement, it is written off among old partners in their old profit-sharing ratio.
📊 Chapter Weightage in MP Board Accountancy
| Chapter | Marks | Importance |
|---|---|---|
| Partnership Accounts | 25-35 | ⭐⭐⭐ High |
| Company Accounts | 15-20 | ⭐⭐ Medium |
| Financial Statements | 20-25 | ⭐⭐ Medium |
| Ratio Analysis | 10-15 | ⭐ Low-Med |
🎯 Want More Practice?
Visit mpboard.ai for complete study materials, previous year papers, and chapter-wise tests.