ISC 2025 Accounts Question Paper for Class 12

About this paper

This is the ISC Class 12 Accounts paper, code 1225-858, from the 2025 board examination. It carries 80 marks, has 18 questions, and runs for three hours with fifteen minutes extra for reading. Section A, of 60 marks and ten questions, is compulsory, with an internal choice in five of them. It moves from one-mark items on drawings, goodwill, an oversubscribed share issue and debentures to longer questions on admission, redemption, retirement, death, dissolution and calls. Candidates then answer every question in either Section B, on ratios and a cash flow statement, or Section C, on spreadsheets, DBMS and a payroll sheet for Premier Furniture Ltd. Each of those sections has an internal choice in two questions. This copy has the questions only.

Exam

ISC Class 12

Subject

Accounts

Year

2025

Paper code

1225-858

Maximum marks

80

Time allowed

3 hours + 15 min reading

Questions

18

Pages

16

Answers included

No, questions only

Paper pattern

• Section A

  60 marks

  Questions 1–10, all compulsory; internal choice in five questions. Question 1 has ten one-mark parts, and Questions 2–10 are longer partnership and company-accounts questions

• Section B or Section C

  20 marks

  Attempt all four questions from one section; internal choice in two questions in each. Section B (Questions 11–14) is ratios, financial statements and cash flow. Section C (Questions 15–18) is spreadsheets, DBMS and SQL

Topics covered

• Interest on drawings
• Goodwill
• Issue and forfeiture of shares
• Issue and redemption of debentures
• Retirement and death of a partner
• Dissolution of partnership
• Partnership appropriation
• Company balance sheet
• Accounting ratios
• Cash flow statement
• Spreadsheets
• DBMS and SQL

Questions from this paper

1. Shiv withdrew ₹15,000 in the middle of each half year, Ravi withdrew ₹20,000 to pay his life-insurance premium, and Roshan withdrew ₹12,000 from his capital. The firm uses the fixed capital method and charges interest on drawings at 6% per annum. What interest on drawings is charged from each partner?
2. What does a new partner acquire by contributing his share towards the self-generated goodwill of the firm?
3. On dissolution on 31 March 2024, bills payable of ₹42,000 due on 31 July 2024 were settled at a rebate of ₹350. Calculate the annual percentage rate of the rebate.
4. On the dissolution of Sanjay and Mitali's firm, the balance sheet showed deferred revenue expenditure of ₹30,000. Give the journal entry to treat this item.
5. Under which sub-head are patents shown in a company's balance sheet prepared as per Schedule III of the Companies Act, 2013?
6. Give any two differences between the DELETE command and the TRUNCATE command in SQL.