Karnataka 2nd PUC Accountancy Annual Exam Question Paper 2026 with Model Answers PDF

Karnataka 2nd PUC Accountancy Annual Exam Question Paper 2026 with Model Answers PDF: Students can download the Karnataka 2nd PUC Accountancy Annual Examination 2026 Question Paper along with its corresponding Scheme of Evaluation. These documents help students understand the examination pattern, practise important accounting problems, improve journal entries and financial statement preparation, and prepare for upcoming examinations.

The 2026 II PUC Annual Examination (Exam-1) Accountancy paper carries 80 marks, contains 32 numbered questions and has a duration of three hours. The examination was scheduled for 14 March 2026 (Saturday), from 10:00 AM to 1:00 PM. The question paper includes Kannada and English versions, while the eight-page Scheme of Evaluation provides worked solutions, accounting formats and marks allocation.

Karnataka 2nd PUC Accountancy Annual Exam 2026 – Overview

Particulars	Details
Board	Karnataka School Examination and Assessment Board (KSEAB)
Examination	Karnataka 2nd PUC (Class 12)
Examination Type	2026 Annual Examination (Exam-1)
Subject	Accountancy (ಲೆಕ್ಕಶಾಸ್ತ್ರ)
Subject Code	30 (NS)
Exam Date	14 March 2026 (Saturday)
Exam Time	10:00 AM to 1:00 PM
Maximum Marks	80
Duration	3 Hours
Additional Reading Time	15 minutes, as specified in the paper
Total Numbered Questions	32
Main Parts	A, B, C and D
Question Paper Languages	Kannada and English
Model Answers Language	English
Question Paper Pages	24
Model Answers Pages	8
PDF Format	Question Paper and Scheme of Evaluation

Download Accountancy Annual Exam Question Paper 2026 with Model Answers PDF

Students can download the complete Karnataka 2nd PUC Accountancy Annual Examination 2026 Question Paper and the corresponding Model Answers separately using the following Google Drive links.

Document	Download PDF
Accountancy Annual Question Paper 2026 24 Pages | 80 Marks | Exam-1	Download Question Paper
Accountancy Annual Model Answers 2026 Scheme of Evaluation | 8 Pages	Download Model Answers

Download Note: The above links open Google Drive PDF documents provided for this article. Use the download option in the preview window to save the papers for offline practice.

Karnataka 2nd PUC Accountancy Annual Exam 2026 Question Paper Pattern

The Accountancy Annual Examination 2026 consists of four main parts. Part A contains four sections covering objective and very short-answer questions. Parts B, C and D include short-answer, numerical and long-answer accounting problems.

Part	Question Pattern	Marks
A	Multiple-choice, fill-in-the-blanks, matching and one-word or one-sentence questions (Q1–Q16)	20
B	Answer any three short questions, two marks each (Q17–Q21)	6
C	Answer any three accounting problems, six marks each (Q22–Q26)	18
D	Answer any three long accounting problems, twelve marks each (Q27–Q32)	36
Total		80

Important: The question paper contains 32 numbered questions, but internal choices are provided in Parts B, C and D. Students should answer the required number of questions according to the printed examination instructions.

Detailed Accountancy Question-Wise Marks Distribution

Question Numbers	Question Type and Choice	Marks
1–5	Five multiple-choice questions (5 × 1)	5
6–10	Five fill-in-the-blanks (5 × 1)	5
11	Five matching items (5 × 1)	5
12–16	Five one-word or one-sentence answers (5 × 1)	5
17–21	Answer any three (3 × 2)	6
22–26	Answer any three (3 × 6)	18
27–32	Answer any three (3 × 12)	36
Total		80

Important Examination Instructions for Accountancy Students

The original 2026 Accountancy question paper includes the following instructions:

• The question paper contains four parts: A, B, C and D.
• Part A is divided into Sections I, II, III and IV.
• Students should provide working notes wherever necessary.
• An additional 15 minutes is allotted for reading the question paper.
• Figures printed in the right-hand margin indicate the full marks for each question.
• For Part A, only the first written answers are considered for evaluation.

Preparation Tip: In accounting problems, always show the proper account format, calculations, working notes and final totals. The Scheme of Evaluation awards marks for specific steps and correctly prepared accounts.

Part A – Accountancy Objective Questions

Part A carries 20 marks and includes questions from partnership accounting, share capital, debentures, financial statements, cash flows and accounting ratios.

The five multiple-choice questions cover:

• The minimum number of people required to form a partnership.
• The new profit-sharing ratio after the retirement of a partner.
• The accounting treatment of unrecorded liabilities on dissolution.
• The relationship between issued capital and authorised capital.
• Identification of an extraordinary item.

The fill-in-the-blanks test terms such as agreement, sacrificing ratio, Cash or Bank Account, short-term borrowings and vertical analysis.

The matching section includes goodwill valuation, debentures, revenue from operations, profitability ratios and cash-flow statements.

Questions 12 to 16 test basic concepts through true-or-false, definitions and short responses, including redemption of debentures and the expansion of ROI.

Selected Objective Answers from the 2026 Evaluation Scheme

Question	Correct Answer
1	Two people
2	5 : 3
3	Debit side of Realisation Account
4	Authorised capital
5	Loss due to theft
6	Agreement
7	Sacrificing
8	Cash/Bank
9	Twelve
10	Vertical
16	Return on Investment

These are selected examples. Students should download the complete Model Answers PDF for all matching responses and explanations.

Part B – Two-Mark Accountancy Questions

Part B contains five questions, numbered 17 to 21. Students must answer any three questions for six marks.

Question	Topic
17	Differences between fixed capital and fluctuating capital methods.
18	Modes of settlement of the amount due to a retiring partner.
19	Meaning of oversubscription of shares.
20	Types of financial statements.
21	Examples of financing activities.

The Scheme of Evaluation awards marks for relevant points. For example, the fixed capital method normally maintains separate capital and current accounts, whereas the fluctuating capital method records adjustments directly in the capital account.

Students should revise important definitions and practise answering in concise, complete sentences.

Part C – Six-Mark Accountancy Problems

Part C contains Questions 22 to 26. Students must answer any three questions. Each selected problem carries six marks.

Question	Accounting Problem
22	Preparation of Profit and Loss Appropriation Account.
23	Calculation of gaining ratio after retirement of a partner.
24	Preparation of a deceased partner's Executors Account.
25	Preparation of Statement of Profit and Loss under Schedule III.
26	Cash flow from operating activities using the indirect method.

Question 22 – Profit and Loss Appropriation Account

Question 22 involves Ravi and Kiran, who started a partnership business with capitals of ₹1,50,000 and ₹1,00,000 respectively, sharing profits in the ratio of 3 : 2.

The adjustments include interest on capital, interest on drawings, commission payable to Ravi and salary payable to Kiran.

Students must prepare the Profit and Loss Appropriation Account for the year ended 31 March 2025.

The Scheme of Evaluation distributes six marks across the appropriate accounting entries. Students should practise placing the adjustments on the correct debit and credit sides and transferring the remaining profit in the agreed ratio.

Question 23 – Gaining Ratio

Question 23 involves Geetha, Latha and Sangeetha sharing profits and losses in the ratio of 5 : 3 : 2. Following Latha's retirement, the continuing partners agree to share profits in the ratio of 3 : 2.

The gaining ratio is calculated using:

Gaining Share = New Share − Old Share

According to the Scheme of Evaluation, the final gaining ratio of Geetha and Sangeetha is 1 : 2.

Question 24 – Deceased Partner's Executors Account

Question 24 concerns Anil, Vishal and Sunil, who share profits and losses in the ratio of 4 : 3 : 3. Vishal died on 31 December 2025.

Students must calculate the amount due to the deceased partner by considering:

• Capital balance.
• Interest on capital up to the date of death.
• Salary payable up to the date of death.
• Share of goodwill according to the supplied question.
• Share of accrued profit up to the date of death.

The model answer shows ₹1,27,300 as the final amount transferred through Vishal's Executors Account.

Question 25 – Statement of Profit and Loss

Question 25 requires the preparation of a company's Statement of Profit and Loss for the year ended 31 March 2025, using the particulars given in the examination paper.

The question includes revenue from operations, purchases, salaries, finance costs, depreciation, rent, administrative expenses and income tax.

The Scheme of Evaluation shows:

• Total revenue: ₹8,00,000.
• Total expenses before tax: ₹6,00,000.
• Profit before tax: ₹2,00,000.
• Income tax: ₹60,000.
• Profit for the year: ₹1,40,000.

Question 26 – Cash Flow from Operating Activities

Question 26 requires the calculation of cash flow from operating activities using the indirect method.

The adjustments include depreciation, profit on sale of assets, a decrease in trade receivables and a decrease in trade payables.

The Scheme of Evaluation gives the final net cash flow from operating activities as ₹8,00,000.

Students should practise distinguishing non-cash expenses, non-operating items and changes in working capital.

Part D – Twelve-Mark Accountancy Problems

Part D carries 36 marks and contains Questions 27 to 32. Students must answer any three questions. Each selected question carries twelve marks.

Question	Long-Answer Problem
27	Admission of a new partner: Revaluation Account, Partners' Capital Accounts and new Balance Sheet.
28	Dissolution of partnership: Realisation Account, Partners' Capital Accounts and Bank Account.
29	Journal entries for issue, forfeiture and reissue of equity shares.
30	Journal entries for issue of debentures, interest and tax deducted at source.
31	Preparation of a Comparative Balance Sheet.
32	Calculation of six important accounting ratios.

Question 27 – Admission of a Partner

Question 27 involves Govind and Sudeep, who are partners sharing profits and losses in the ratio of 3 : 1. They admit Tarun into the partnership on 1 April 2025.

The problem includes adjustments for goodwill, depreciation on furniture, appreciation of buildings and revaluation of machinery.

Students must prepare:

1. Revaluation Account.
2. Partners' Capital Accounts.
3. New Balance Sheet.

The Scheme of Evaluation allocates 2 marks for Revaluation Account, 5 marks for Partners' Capital Accounts and 5 marks for the new Balance Sheet.

The model-answer Balance Sheet totals ₹2,54,000 on each side.

Question 28 – Dissolution of Partnership

Question 28 concerns Anitha and Sunitha, who are equal partners. The firm is dissolved on 31 March 2025.

The problem provides realised values of debtors, bills receivable, computers, machinery, land and an unrecorded investment. It also includes payments of liabilities and dissolution expenses.

Students must prepare:

1. Realisation Account.
2. Partners' Capital Accounts.
3. Bank Account.

The Scheme of Evaluation allocates 6 marks for Realisation Account, 3 marks for Partners' Capital Accounts and 3 marks for Bank Account.

Students should practise transferring assets and liabilities, recording realisation expenses, distributing the resulting loss or profit and settling partners' capitals.

Question 29 – Issue, Forfeiture and Reissue of Shares

Question 29 concerns Supreme Company Limited, which issued 10,000 equity shares of ₹100 each at a premium of ₹10 per share.

The final call on 500 shares was not received. These shares were forfeited and later reissued at ₹80 per share as fully paid-up shares.

Students must pass journal entries for:

• Receipt and transfer of share application money.
• Share allotment and securities premium.
• First and final call.
• Call money received and calls in arrears.
• Forfeiture of 500 shares.
• Reissue of the forfeited shares.
• Transfer of the remaining forfeiture profit to Capital Reserve.

According to the Model Answers, ₹20,000 is transferred to Capital Reserve after reissue.

Question 30 – Debenture Issue and Interest

Question 30 concerns Atridatta Company Limited, which issued 10,000 debentures carrying 10% interest, with a face value of ₹100 each.

The debentures were issued at a discount of 10% and redeemable at a premium of 10%. Interest is paid half-yearly, with tax deducted at source at 10%, according to the question.

Students should prepare journal entries for:

• Receipt of debenture application money.
• Issue of debentures at a discount.
• Premium payable on redemption.
• Half-yearly debenture interest.
• Tax deducted at source.
• Payment of interest to debenture holders.
• Transfer of interest expense to the Statement of Profit and Loss.

Correct account titles, amounts and journal-entry structure are important for securing the allotted marks.

Question 31 – Comparative Balance Sheet

Question 31 provides Balance Sheets of Sunstar Company Limited for the years ended 31 March 2024 and 31 March 2025.

Students must prepare a Comparative Balance Sheet showing:

• Figures for the previous year.
• Figures for the current year.
• Absolute increase or decrease.
• Percentage increase or decrease.

The total Balance Sheet figures are:

• 2024: ₹10,50,000.
• 2025: ₹14,50,000.
• Absolute increase: ₹4,00,000.
• Percentage increase: 38.10%, as shown in the Scheme of Evaluation.

The evaluation scheme allocates marks to the individual correctly calculated rows. Students should practise the full comparative statement rather than only computing the totals.

Question 32 – Accounting Ratios

The final question requires students to calculate six accounting ratios from the financial information supplied.

Accounting Ratio	Model Answer Result
Current Ratio	1.2 : 1
Debt to Capital Employed Ratio	0.29 : 1
Trade Receivables Turnover Ratio	4 times
Trade Payables Turnover Ratio	2 times
Operating Ratio	90%
Net Profit Ratio	10%

Each correctly calculated ratio carries two marks, with one mark for the formula and one for the calculation according to the Scheme of Evaluation.

Preparation Tip: Write the formula first, identify the correct numerator and denominator, substitute the values and show the result in the appropriate form, such as a ratio, percentage or number of times.

Selected Numerical Answers from Accountancy Exam 2026

The following results are taken from the supplied eight-page Scheme of Evaluation. Students can use them to check their practice calculations.

Question	Topic	Answer Reference
23	Gaining Ratio	1 : 2
24	Deceased Partner's Executors Account	₹1,27,300
25	Profit for the Year	₹1,40,000
26	Net Cash Flow from Operating Activities	₹8,00,000
27	New Balance Sheet Total	₹2,54,000
29	Capital Reserve after Share Reissue	₹20,000
31	Increase in Balance Sheet Total	₹4,00,000

Important: These are selected reference results, not substitutes for full solutions. Students should download the Model Answers PDF and compare the account formats, journal entries, working notes and final statements.

What Is Included in the Accountancy Model Answers 2026?

The eight-page Accountancy Scheme of Evaluation provides reference answers, worked accounting problems and marks allocation for the 2026 Annual Examination.

The PDF contains:

• Correct multiple-choice answers, fill-in-the-blanks and matching solutions.
• Definitions and reference points for two-mark questions.
• Profit and Loss Appropriation Account.
• Gaining Ratio calculations.
• Deceased Partner's Executors Account.
• Statement of Profit and Loss.
• Cash Flow from Operating Activities.
• Revaluation and Partners' Capital Accounts.
• Dissolution accounts and Bank Account.
• Journal entries for shares and debentures.
• Comparative Balance Sheet.
• Accounting ratio formulas and calculations.

The Scheme of Evaluation provides marks for the individual components of several long-answer questions. Students should therefore practise complete solutions rather than memorising final figures alone.

Important Accountancy Topics for Revision

Based on the 2026 Annual Examination paper, students should revise the following areas:

• Partnership Accounts: Capital methods, profit appropriation and profit-sharing ratios.
• Retirement and Death of a Partner: Gaining ratio, goodwill, settlement and executors accounts.
• Admission of a Partner: Revaluation, capital adjustments and preparation of a new Balance Sheet.
• Dissolution of Partnership: Realisation, settlement of liabilities and final distribution of cash.
• Share Capital: Issue, forfeiture and reissue of shares.
• Debentures: Issue at discount, redemption premium and debenture interest.
• Financial Statements: Statement of Profit and Loss and Comparative Balance Sheet.
• Cash Flow Statement: Operating activities using the indirect method.
• Ratio Analysis: Liquidity, turnover, profitability and debt ratios.

These are topics appearing in the 2026 question paper. They should not be treated as predictions of questions for future examinations.

How to Practise the 2026 Accountancy Question Paper

1. Download the complete 24-page Accountancy Annual Exam Question Paper 2026.
2. Choose the Kannada or English version and read the instructions.
3. Revise the important accounting formats and formulas.
4. Attempt the 20-mark objective section without using the answer key.
5. Practise two-mark definitions and short conceptual answers.
6. Complete six-mark problems with appropriate working notes.
7. Prepare long-answer accounts and statements in the correct format.
8. Revise journal entries involving share capital and debentures.
9. Practise ratio analysis and cash-flow calculations.
10. Complete a full paper within the prescribed examination duration.
11. Compare your solutions with the eight-page Scheme of Evaluation.
12. Identify calculation and presentation errors and practise those topics again.

Study Tip: In Accountancy, correct presentation is as important as calculations. Use proper account headings, dates, debit and credit columns, clear working notes and balanced totals wherever required.

Frequently Asked Questions

What is the subject code for Karnataka 2nd PUC Accountancy?

The subject code printed on the 2026 Annual Examination question paper is 30 (NS).

How many questions are there in the Accountancy Annual Exam 2026?

The paper contains 32 numbered questions, including groups with internal choices.

What are the maximum marks and examination duration?

The examination carries 80 marks and has a duration of three hours.

Is the question paper available in Kannada and English?

Yes. The uploaded question paper contains both Kannada and English versions.

Are Accountancy model answers available for 2026?

Yes. The corresponding eight-page Scheme of Evaluation is available through the Model Answers PDF link above.

How many twelve-mark questions must students answer?

Part D contains six twelve-mark questions, of which students must answer any three for a total of 36 marks.

Is this the Accountancy Model Question Paper 2026–27?

No. This article contains the 2026 Annual Examination (Exam-1) question paper and its Model Answers. The 2026–27 model question papers are separate preparation resources for the next examination.

More Karnataka 2nd PUC Practice Papers

For the next academic year's subject-wise practice papers, visit the Karnataka 2nd PUC Model Question Papers 2027 – All Subjects collection. The Commerce section includes Accountancy.

Students can also download the Statistics Annual Exam Question Paper 2026 with Model Answers.

For Economics, visit the Economics Annual Exam Question Paper 2026 with Model Answers.

Students can also practise the Psychology Annual Exam Question Paper 2026 with Model Answers.

Official KSEAB Examination Information

For official examination notifications, annual question papers, model answers, timetables and updates, students should refer to the Karnataka School Examination and Assessment Board.

Visit the Official KSEAB Website

Students should consult the board's original documents for authoritative examination instructions, changes and corrections.

Source Note: The subject details, question pattern, marks distribution and accounting problems described above are based on the supplied KSEAB Accountancy Annual Examination 2026 Question Paper and Scheme of Evaluation. The examination date follows the KSEAB-issued 2026 Exam-1 final timetable. The individual PDF download links are Google Drive copies supplied for this article.

Disclaimer: PediaWikiBlog is an independent educational information website and is not affiliated with the Karnataka School Examination and Assessment Board (KSEAB). This article is provided for educational and examination-preparation purposes. Students should refer to the original KSEAB documents for examination instructions, official updates and corrections.