CBSE Class 12 Accountancy Syllabus 2026-27

Theory Paper Pattern (80 Marks)

Project Work (20 Marks)

Part-Wise Marks Distribution 2026-27

Accountancy is split into Part A: Accounting for Partnership Firms and Companies and Part B: Financial Statement Analysis or Computerised Accounting.

Note: Students opt for either Part B: Financial Statement Analysis or Part B: Computerised Accounting. Most schools offer Financial Statement Analysis.

Complete Syllabus 2026-27: All Parts, Units and Topics

Use this as your chapter-wise revision checklist.

Part A - Unit 1: Accounting for Partnership Firms (35 Marks)

Chapter 1: Nature of Partnership

•        Partnership - features, Partnership Deed

•        Fixed vs Fluctuating Capital Accounts

•        Profit and Loss Appropriation Account

•        Interest on Capital, Interest on Drawings, Salary, Commission to partners

•        Guarantee of Profit to a partner

Chapter 2: Reconstitution - Admission of a Partner

•        New profit sharing ratio, Sacrificing ratio

•        Goodwill - meaning, factors, methods of valuation: Average Profit, Super Profit, Capitalisation

•        Treatment of Goodwill on admission

•        Revaluation Account - assets and liabilities

•        Adjustment of Accumulated Profits and Losses

•        Capital adjustment after admission

Chapter 3: Reconstitution - Retirement and Death of a Partner

•        Gaining ratio calculation

•        Treatment of goodwill on retirement and death

•        Revaluation of assets and liabilities

•        Amount due to retiring or deceased partner

•        Executor's Account on death of a partner

Chapter 4: Dissolution of Partnership Firm

•        Types of dissolution - dissolution of partnership vs dissolution of firm

•        Realisation Account - preparation and closing

•        Settlement of accounts: Garner vs Murray rule (concept only)

•        Treatment of Goodwill, Unrecorded Assets, Liabilities in Realisation Account

Part A - Unit 2: Accounting for Companies (25 Marks)

Chapter 5: Accounting for Share Capital

•        Types of shares - Equity and Preference Shares

•        Share issue: Application, Allotment, First Call, Final Call

•        Oversubscription and Undersubscription

•        Calls in Arrears and Calls in Advance

•        Forfeiture and Reissue of Shares

•        Issue of shares at Par, Premium and Discount

Chapter 6: Issue and Redemption of Debentures

•        Types of debentures - convertible, non-convertible, secured, unsecured

•        Issue of debentures: at par, premium, discount

•        Issue of debentures as Collateral Security

•        Redemption methods: Lump Sum, Instalments, Purchase in Open Market, Conversion

•        Debenture Redemption Reserve (DRR) - as per Companies Act

Part B - Unit 3: Analysis of Financial Statements (12 Marks)

Chapter 7: Financial Statements of a Company

•        Balance Sheet and Statement of Profit and Loss - format as per Schedule III

•        Significant Accounting Policies

•        Items under each head of Balance Sheet

Chapter 8: Tools for Financial Analysis

•        Comparative Financial Statements - Comparative Balance Sheet, Comparative P and L

•        Common Size Financial Statements

•        Trend Analysis - calculation and interpretation

Chapter 9: Ratio Analysis

•        Liquidity Ratios: Current Ratio, Quick Ratio (Liquid Ratio)

•        Solvency Ratios: Debt-Equity Ratio, Total Assets to Debt Ratio, Proprietary Ratio, Interest Coverage Ratio

•        Activity Ratios: Inventory Turnover, Trade Receivables Turnover, Trade Payables Turnover, Working Capital Turnover

•        Profitability Ratios: Gross Profit Ratio, Net Profit Ratio, Return on Investment, Earnings Per Share

Part B - Unit 4: Cash Flow Statement (8 Marks)

•        Meaning and objectives of Cash Flow Statement (CFS)

•        AS-3 (Revised) - Applicability

•        Classification of activities: Operating, Investing, Financing

•        Direct and Indirect Method for Operating Activities

•        Treatment of: Dividend, Interest, Tax, Purchase and Sale of Assets

•        Preparation of Cash Flow Statement - full format

Important Dates 2026-27

Verify all dates on cbse.gov.in before the exam season.

Chapter Priority at a Glance

Study Tips for CBSE Class 12 Accountancy

1. Practice Accounts Daily - Reading is Not Enough

•        Accountancy cannot be learnt by reading alone - solve problems every day

•        Maintain a separate rough work notebook for journal entries and ledger accounts

•        Redo the same problem 3-4 times until you can solve it without help

2. Master Partnership Accounts First

•        35 marks come from partnership alone - it is the highest-weightage unit

•        Focus on: Goodwill calculation, Revaluation Account, Capital Adjustment

•        Practice at least 10 full problems each for Admission, Retirement and Dissolution

3. Learn All Ratio Formulas by Heart

•        Ratio Analysis is pure formula application - no concept confusion, just memorisation

•        Make a single-page formula sheet for all ratios and revise it daily

•        Understand what each ratio indicates - examiners ask for interpretation too

4. Solve Cash Flow Statement Regularly

•        CFS is 8 guaranteed marks if you know the format and treatment of items

•        Practice the Indirect Method for Operating Activities - it appears every year

•        Remember standard adjustments: Depreciation, Goodwill written off, Gain/Loss on sale of assets

5. Use CBSE Sample Papers and Previous Year Papers

•        Solve last 5 years CBSE papers - questions repeat with number changes

•        Practice under timed conditions - 80 marks in 3 hours needs speed

•        Check your answers against the CBSE marking scheme for accurate self-assessment

Scoring Tips for the Board Exam

•        Attempt MCQs first - 20 easy marks to secure before moving to accounts

•        Always balance your accounts before moving on - leave a question if it does not balance rather than wasting time

•        Show all working notes clearly - partial marks are awarded for correct steps

•        Write the journal entry before preparing the ledger or account - it confirms your logic

•        For ratio questions, always write the formula first, then substitution, then answer

•        In CFS, clearly label each activity - Operating, Investing, Financing

•        Use ruled paper for all accounts - presentation matters in accountancy

•        Do not skip Part B - 20 marks from Financial Statements Analysis are very scoring

Common Mistakes to Avoid

•        Forgetting to adjust Goodwill in partners capital accounts during Admission and Retirement

•        Confusing Sacrificing Ratio and Gaining Ratio - recalculate carefully

•        Wrong treatment of calls in arrears during forfeiture of shares

•        Not opening Revaluation Account during reconstitution - it is mandatory

•        Placing Depreciation on wrong side in Cash Flow Statement (add back, not deduct)

•        Mixing up Cash Flow vs Fund Flow - only cash and cash equivalents go in CFS

•        Skipping working notes - examiners award step marks only if working is shown

•        Calculating incorrect new profit sharing ratio after admission or retirement

Best Resources for Preparation

•        NCERT Accountancy Part 1 and Part 2 Class 12 - most essential, follow strictly

•        CBSE Sample Papers 2026-27 on cbseacademic.nic.in

•        T.S. Grewal - Double Entry Book Keeping Class 12 - most popular reference

•        D.K. Goel - Accountancy Class 12 - good for practice problems and companies unit

•        CBSE Question Bank - chapter-wise objective and numerical practice

Frequently Asked Questions

Q1. How many parts are in CBSE Class 12 Accountancy?

There are two parts: Part A covers Partnership Firms and Companies (60 marks) and Part B covers Financial Statement Analysis or Computerised Accounting (20 marks).

Q2. Which chapter carries the most marks?

Unit 1 - Accounting for Partnership Firms carries 35 marks, making it the single most important unit. Admission and Retirement of partners are the highest-priority chapters within this unit.

Q3. Is Project Work compulsory in Class 12 Accountancy?

Yes. Project Work carries 20 marks and is compulsory. It includes a project file and viva voce, evaluated by the school and external examiner.

Q4. Is the Cash Flow Statement always asked in the board exam?

Yes. Cash Flow Statement is asked every year for 8 marks. It is one of the most predictable questions in the paper and must be fully prepared.

Q5. Is NCERT enough for scoring 90+ in Accountancy?

NCERT plus T.S. Grewal is the standard combination. NCERT gives conceptual clarity and T.S. Grewal provides the practice volume needed for 90+.

Disclaimer

This content is based on the official CBSE Accountancy curriculum. Always verify the latest syllabus on cbse.gov.in as CBSE may update it.