JAC 12th Commerce Accountancy Answer key 2025: Check correct Answers

JAC 12th Commerce Accountancy Answer key 2025: Great to Announce that our Jharkhand Academic Council Ranchi (JAC Board) has conducting its board examination of class 12th Commerce Accountancy i.e. of Intermediate standard. The subject is Accountancy which held on 20th of February 2025.

The subject covered up almost of 30 objective questions (MCQs) and some Subjective questions. And students had to answer only 22 subjective questions out of which only 16 needed to attempt as per of their convenience. Students of Arts can match their answer key of their subjects which they already appeared for the exam, and from this website, they also be able to know how many questions they have attempted to correct by matching their answer keys from Jharkhandlab.com.

JAC 12th Commerce Accountancy Answer key 2025

Jharkhand Academic Council (JAC) has examinee the board level exam in Subject Accountancy of Intermediate Standard Commerce the subject were conducted on 20th of February 2025. The examination was held in second shift from afternoon 2:00 pm to 5:15 pm. The total of 80 marks questions were asked in which total of about 52 questions in number and students had to answer those on their own words. All questions were compulsory to answer for the better Grade.

There is about 52 questions and from number 1 to 30 were multiple choice questions (MCQs) containing 4 options and has to choose the most appropriate option among them and each correct answer containing 1 marks. And from 31 to 38 were short answer types on which only 6 questions were compulsory to answer and each question contained 2 marks, along with it, from question number 39 to 46 were again short type question of 3 marks each and answering 6 is compulsory. With it, from 47 to 52 were the most important long type questions and its number were total of about 5 marks for each question, and has to attend only 4.

The remaining 20 marks will based on Internal assignments that are provided to the Students through their colleges.

Name of Organization	Jharkhand Academic Council, Ranchi
Category	Answer Key
Class	12th, Commerce
Question Type	Objective & Subjective
Exam Date	20th February 2025
Subject	Accountancy
Exam Shift	2nd Sitting
Exam Timing	2:00 pm to 5:15 pm
Total Marks	80 Marks(Written)
Official Website	https://jac.jharkhand.gov.in
Telegram	Join Us

JAC 12th Commerce Accountancy Answer key 2025

Question Number	Accountancy Answer Key (Option Number)
Question Number- 01	D
Question Number- 02	C
Question Number- 03	A
Question Number- 04	B
Question Number- 05	C
Question Number- 06	A
Question Number- 07	C
Question Number- 08	D
Question Number- 09	D
Question Number- 10	B
Question Number- 11	A
Question Number- 12	B
Question Number- 13	C
Question Number- 14	B
Question Number- 15	B
Question Number- 16	B
Question Number- 17	C
Question Number- 18	A
Question Number- 19	A
Question Number- 20	B
Question Number- 21	C
Question Number- 22	D
Question Number- 23	B
Question Number- 24	B
Question Number- 25	D
Question Number- 26	A
Question Number- 27	A
Question Number- 28	A
Question Number- 29	D
Question Number- 30	A

Objective type questions asked in your board exams

All these questions were asked by Jharkhand Academic Council Ranchi (JAC Board) of Subject Accountancy of class 12th Commerce in the board examination of 2025, The questions and their answers are given here:

MCQs:

1. In the absence of a partnership deed, interest on partners’ capital is allowed at

साझेदारी संलेख के अभाव में साझेदारों को पूँजी पर ब्याज दिया जा सकता है
(A) 5% p.a. (5% प्रति वर्ष)
(B) 6% p.a. (6% प्रति वर्ष)
(C) At market rate (बाजार कीमत पर)
(D) No interest is allowed (कोई ब्याज नहीं दिया जाता)

✅ Answer / उत्तर: (D) No interest is allowed (कोई ब्याज नहीं दिया जाता)

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2. Which of the following items will not be shown in the debit side of the Profit & Loss Appropriation Account?

निम्न में से कौन-सी मद लाभ-हानि समायोजन खाते में डेबिट पक्ष में दिखाई नहीं जा सकती है?
(A) Interest on capital (पूंजी पर ब्याज)
(B) Commission to partners (साझेदारों को कमीशन)
(C) Interest on drawings (निकासी (आहरण) पर ब्याज)
(D) Remuneration to partners (साझेदारों को मानदेय)

✅ Answer / उत्तर: (C) Interest on drawings (निकासी (आहरण) पर ब्याज)

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3. The monetary value of the reputation of a business is called

व्यवसाय की प्रसिद्धि के मौद्रिक मूल्य को कहते हैं
(A) Goodwill (ख्याति)
(B) Superprofit (अधिलाभ)
(C) Surplus (अधिकोष)
(D) Abnormal profit (असामान्य लाभ)

✅ Answer / उत्तर: (A) Goodwill (ख्याति)

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4. Which of the following is not included in capital employed?

निम्नलिखित में से किसे विनियोजित पूँजी में शामिल नहीं किया जाता है?
(A) Tangible Asset (मूर्त सम्पत्ति)
(B) Fictitious Asset (आभासी सम्पत्ति)
(C) Intangible Asset (अमूर्त सम्पत्ति)
(D) None of these (इनमें से कोई नहीं)

✅ Answer / उत्तर: (B) Fictitious Asset (आभासी सम्पत्ति)

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5. Profit on revaluation is distributed among old partners in

पुनर्मूल्यांकन से लाभ को पुराने साझेदारों में बाँट दिया जाता है
(A) New ratio (नये अनुपात में)
(B) Sacrificing ratio (त्याग अनुपात में)
(C) Old ratio (पुराने अनुपात में)
(D) None of these (इनमें से कोई नहीं)

✅ Answer / उत्तर: (C) Old ratio (पुराने अनुपात में)

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6. Which one is the result of a change in the Partnership Deed?

साझेदारी अनुबंध में परिवर्तन का परिणाम है
(A) Reconstitution of firm (फर्म का पुनर्गठन)
(B) Dissolution of firm (फर्म का समापन)
(C) Amalgamation of firm (फर्म का एकीकरण)
(D) None of these (इनमें से कोई नहीं)

✅ Answer / उत्तर: (A) Reconstitution of firm (फर्म का पुनर्गठन)

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7. Revaluation Account is

पुनर्मूल्यांकन खाता है
(A) Personal Account (व्यक्तिगत खाता)
(B) Real Account (वास्तविक खाता)
(C) Nominal Account (नाममात्र खाता)
(D) None of these (इनमें से कोई नहीं)

✅ Answer / उत्तर: (C) Nominal Account (नाममात्र खाता)

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8. Which of the following assets is compulsorily revalued at the time of admission of a new partner?

निम्न में से कौन-सी सम्पत्ति एक नये साझेदार के प्रवेश पर अनिवार्यतः पुनर्मूल्यांकित की जाती है?
(A) Stock (रहितिया)
(B) Fixed Assets (स्थायी सम्पत्तियाँ)
(C) Investment (निवेश)
(D) All of these (इनमें से सभी)

✅ Answer / उत्तर: (D) All of these (इनमें से सभी)

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9. Gaining ratio is computed at the time of

प्राप्ति अनुपात की गणना साझेदार के ______ के समय की जाती है।
(A) Admission (प्रवेश)
(B) Retirement (अवकाश)
(C) Death (मृत्यु)
(D) Both (B) and (C) (B तथा C दोनों)

✅ Answer / उत्तर: (D) Both (B) and (C) (B तथा C दोनों)

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10. X, Y, and Z are equal partners in a firm. Y retires and the remaining partners decide to share profit in the ratio of 5:4. The gaining ratio will be

X, Y तथा Z एक फर्म में बराबर के साझेदार हैं। Y अवकाश ग्रहण करता है और शेष साझेदारों के लाभ को 5:4 के अनुपात में बाँटने का निर्णय लिया। प्राप्ति अनुपात होगा
(A) 1:1
(B) 2:1
(C) 5:4
(D) 1:2

✅ Answer / उत्तर: (B) 2:1

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11. On dissolution of a firm, all the assets are transferred to the realization account at

फर्म के विघटन पर सभी सम्पत्तियों को वसूली खाते में अंतरित किया जाता है
(A) Book value (पुस्तक मूल्य पर)
(B) Market value (बाजार मूल्य पर)
(C) Book or market value, whichever is less (पुस्तक मूल्य या बाजार मूल्य, जो भी कम हो)
(D) None of these (इनमें से कोई नहीं)

✅ Answer / उत्तर: (C) Book or market value, whichever is less (पुस्तक मूल्य या बाजार मूल्य, जो भी कम हो)

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12. The balance left in the Capital A/c on the dissolution of a firm is transferred to

फर्म के विघटन पर पूँजी खाते के शेष को अंतरित किया जाता है
(A) Realisation A/c (वसूली खाते में)
(B) Bank A/c (बैंक खाते में)
(C) Profit & Loss A/c (लाभ-हानि खाते में)
(D) None of these (इनमें से कोई नहीं)

✅ Answer / उत्तर: (B) Bank A/c (बैंक खाते में)

13. The nominal capital is known as

नाममात्र की पूँजी जानी जाती है
(A) Authorized capital (अधिकृत पूँजी)
(B) Registered capital (रजिस्टर्ड पूँजी)
(C) Both (A) and (B) ((A) और (B) दोनों)
(D) None of these (इनमें से कोई नहीं)

✅ Answer / उत्तर: (C) Both (A) and (B) ((A) और (B) दोनों)

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14. If an equity share of ₹10 each is issued at ₹12 each, it is called

यदि प्रत्येक ₹10 वाला समता अंश प्रत्येक ₹12 पर निर्गमित किया जाता है, तो इसे कहा जाता है
(A) Issued at par (सममूल्य पर निर्गमन)
(B) Issued at premium (अधिमूल्य पर निर्गमन)
(C) Issued at discount (कटौती पर निर्गमन)
(D) None of these (इनमें से कोई नहीं)

✅ Answer / उत्तर: (B) Issued at premium (अधिमूल्य पर निर्गमन)

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15. Premium on issue of shares is shown on which side of the Balance Sheet?

अंशों के अधिमूल्य को आर्थिक चिट्ठे के किस पक्ष में दिखाया जाता है?
(A) Assets (संपत्ति)
(B) Liabilities (दायित्व)
(C) Both (A) and (B) ((A) और (B) दोनों)
(D) None of these (इनमें से कोई नहीं)

✅ Answer / उत्तर: (B) Liabilities (दायित्व)

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16. Balance of Forfeited Share Account after the reissue of forfeited shares is transferred to

जब्त किए गए अंशों के पुनः निर्गमन के पश्चात अंश हरण खाते के शेष को हस्तांतरित किया जाता है
(A) Profit & Loss A/c (लाभ-हानि खाता)
(B) Capital Reserve A/c (पूँजी संचय खाता)
(C) General Reserve A/c (सामान्य संचय खाता)
(D) None of these (इनमें से कोई नहीं)

✅ Answer / उत्तर: (B) Capital Reserve A/c (पूँजी संचय खाता)

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17. When shares are forfeited, the Share Capital A/c is debited with

जब अंशों को जब्त किया जाता है, तो अंश पूँजी खाता को डेबिट किया जाता है
(A) Nominal value of shares (अंशों के अंकित मूल्य से)
(B) Market value of shares (अंशों के बाजार मूल्य से)
(C) Called up value of shares (अंशों के याचित मूल्य से)
(D) Paid-up value of shares (अंशों के प्रदत्त मूल्य से)

✅ Answer / उत्तर: (C) Called up value of shares (अंशों के याचित मूल्य से)

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18. Generally, debentures are

सामान्यतः ऋणपत्र होते हैं
(A) Secured (सुरक्षित)
(B) Partly secured (अंशतः सुरक्षित)
(C) Unsecured (असुरक्षित)
(D) None of these (इनमें से कोई नहीं)

✅ Answer / उत्तर: (A) Secured (सुरक्षित)

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19. For the company, a discount on the issue of debentures is a

कंपनी के लिए ऋणपत्र के निर्गमन पर छूट होती है
(A) Fictitious Asset (आभासी संपत्ति)
(B) Liability (दायित्व)
(C) Profit (लाभ)
(D) None of these (इनमें से कोई नहीं)

✅ Answer / उत्तर: (A) Fictitious Asset (आभासी संपत्ति)

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20. A collateral security is a

सहायक प्रतिभूति होती है
(A) First security (प्रथम प्रतिभूति)
(B) Subsidiary security (सहायक प्रतिभूति)
(C) Normal security (सामान्य प्रतिभूति)
(D) None of these (इनमें से कोई नहीं)

✅ Answer / उत्तर: (B) Subsidiary security (सहायक प्रतिभूति)

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21. If debentures purchased in the open market are not immediately canceled, these are

यदि खुले बाजार से खरीदे गए ऋणपत्रों को तुरंत रद्द नहीं किया जाता है, तो यह माने जाते हैं
(A) Current Assets (चालू संपत्ति)
(B) Current Liabilities (चालू दायित्व)
(C) Investment (विनियोग)
(D) Fixed Assets (स्थिर संपत्ति)

✅ Answer / उत्तर: (C) Investment (विनियोग)

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22. Under current assets on the asset side of the balance sheet of a company, which is included?

कंपनी के बैलेंस शीट के संपत्ति पक्ष में चालू संपत्ति में क्या शामिल होता है?
(A) Sundry Debtors (विविध देनदार)
(B) Cash in hand (हाथ में नकद)
(C) Stock (स्टॉक)
(D) All of these (इनमें से सभी)

✅ Answer / उत्तर: (D) All of these (इनमें से सभी)

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23. The Balance Sheet of companies is now prepared in

कंपनियों का बैलेंस शीट अब तैयार किया जाता है
(A) Horizontal form (क्षैतिज प्रारूप)
(B) Vertical form (लंबवत प्रारूप)
(C) Both (A) and (B) ((A) और (B) दोनों)
(D) None of these (इनमें से कोई नहीं)

✅ Answer / उत्तर: (B) Vertical form (लंबवत प्रारूप)

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24. When financial statements of two or more organizations are analyzed, it is called

जब दो या अधिक संस्थाओं के वित्तीय विवरणों का विश्लेषण किया जाता है, तो इसे कहा जाता है
(A) Internal firm analysis (आंतरिक फर्म विश्लेषण)
(B) Inter-firm analysis (अंतर-संस्था विश्लेषण)
(C) Vertical analysis (शीर्ष विश्लेषण)
(D) None of these (इनमें से कोई नहीं)

✅ Answer / उत्तर: (B) Inter-firm analysis (अंतर-संस्था विश्लेषण)

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25. Which of the following is a limitation of financial analysis?

निम्न में से कौन-सी वित्तीय विश्लेषण की सीमा है?
(A) Window dressing (वित्तीय हेराफेरी)
(B) Basis of valuation (मूल्यांकन का आधार)
(C) Lack of accuracy (शुद्धता की कमी)
(D) All of these (इनमें से सभी)

✅ Answer / उत्तर: (D) All of these (इनमें से सभी)

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26. The term ‘Quick Asset’ does not include

‘त्वरित संपत्ति’ में शामिल नहीं है
(A) Stock (स्टॉक)
(B) Debtor (देनदार)
(C) Bills Receivable (प्राप्य बिल)
(D) Cash & Bank Balance (नकद और बैंक शेष)

✅ Answer / उत्तर: (A) Stock (स्टॉक)

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27. The ideal current ratio is

आदर्श चालू अनुपात होता है
(A) 2:1
(B) 1:2
(C) 3:2
(D) 3:4

✅ Answer / उत्तर: (A) 2:1

28. Operating ratio is

संचालन अनुपात होता है
(A) Profitability ratio (लाभदायकता अनुपात)
(B) Activity ratio (क्रियाशीलता अनुपात)
(C) Solvency ratio (शोधन क्षमता अनुपात)
(D) None of these (इनमें से कोई नहीं)

✅ Answer / उत्तर: (A) Profitability ratio (लाभदायकता अनुपात)

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29. Cash flow statement is prepared from

नकद प्रवाह विवरण तैयार किया जाता है
(A) Balance Sheet (आर्थिक चिट्ठा)
(B) Profit & Loss A/c (लाभ-हानि खाता)
(C) Additional information (अतिरिक्त जानकारी)
(D) All of these (इनमें से सभी)

✅ Answer / उत्तर: (D) All of these (इनमें से सभी)

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30. Increase in share premium is

अंश प्रीमियम में वृद्धि होती है
(A) Source of cash (नकद का स्रोत)
(B) Application of cash (नकद का उपयोग)
(C) Decrease of fund (कोष में कमी)
(D) None of these (इनमें से कोई नहीं)

✅ Answer / उत्तर: (A) Source of cash (नकद का स्रोत)

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