The purpose of a multiple choice item is to measure candidate ability with regard to a specific content area. A multiple choice item has a stem which asks a question, describes data or presents a situation.
First, most certification examinations are intended to evaluate the capability of the candidate to practice.  Is this measured better through asking questions that test specific bits of knowledge or is it more useful to structure items so that they require the candidate to apply their knowledge in a specific scenario?  Second, problem solving items are often longer than recall items, consequently requiring more time to read, interpret and answer.  Therefore, a test of predominately problem solving items could require more testing time.  Third, it appears that problem solving items are more difficult to write because there is more likely to be disagreement concerning the correct response, or there actually is more than one way to go about solving that problem.  Consequently, to insure clarity, problem solving items take more time and effort to write.  Fourth, there is a fine line between how much is enough information and how much is too much.  Problem solving items must be written succinctly, yet provide sufficient information to answer the questions.  This often involves a great deal of thought and input from more than one person.
NOTE: THIS YEAR 2019-2020 CBSE HAS ANNOUNCED THAT THERE WILL BE 20 MARKS MCQ IN ACCOUNTANCY AS WELL AS BUSINESS STUDIES.

Multiple Choice Questions For CBSE Class 12 Accountancy

CHAPTERS

CHAPTER 1 - (NPO)-not-for-profit-organisation

CHAPTER 2 -PARTNERSHIPOF A FIRM

CHAPTER 4-CHANGE IN PROFIT SHARING RATIO 

CHAPTER 4 -ADMISSIONOF A PARTNER

CHAPTER 5- RETIREMENT/DEATHOF A PARTNER

CHAPTER 6-DISSOLUTIONOF A FIRM

CHAPTER 7-ISSUE OF SHARES

CHANGE IN CBSE SYLLABUS FOR BTHE YEAR 2019-2020

1.1MARK OBJECTIVES TYPE /MCQ WILL CONSIST 20 MARKS
2.GOODWILL TO BE ADJUSTED THROUGH PARTNERS CAPITAL/CURRE3NT ACCOUNTS
                                                             OR
3. DISCOUNT OR LOSS ON ISSUE OF DEBENTURES TO BE WRITTEN OF IN THE YEAR DEBENTURES ARE ALLOTED.