CBSE Class 12 Accountancy Question Bank 2026-27
A self-study question bank designed for CBSE Class XII Accountancy students, covering all six chapters of the prescribed syllabus across both Part A and Part B.
What's Inside
The book is organised into six chapters aligned with the CBSE exam structure:
Chapter 1 — Accounting for Partnership Firms: Fundamentals
Chapter 2 — Reconstitution and Dissolution of Partnership Firm
Chapter 3 — Accounting for Companies (Share Capital & Debentures)
Chapter 4 — Financial Statements of a Company
Chapter 5 — Cash Flow Statement (AS-3, Indirect Method)
Chapter 6 — Analysis of Financial Statements
Each chapter includes 55+ questions spanning every question type tested in board exams: Multiple Choice Questions (MCQs), Very Short Answer, Short Answer, Long Answer, Higher-Order Thinking Skills (HOTS), and Case Studies — mirroring Sections A through F of the CBSE pattern.
Key Features
Every MCQ includes a worked explanation, not just the answer. Numerical questions include complete journal entries and working notes, reflecting how CBSE awards marks for steps. HOTS and case study questions are placed at the end of each chapter and are intended for students who have completed the core content first.
Syllabus Coverage
All questions fall within the scope of the current CBSE Class XII Accountancy syllabus. Topics outside the syllabus — such as piecemeal distribution, insolvency of partners, and redemption of debentures — are not included.
Important Note
This is an independent educational resource and is not affiliated with, endorsed by, or connected to CBSE or NCERT. It is intended to supplement classroom teaching and NCERT textbooks, not replace them. Students are advised to cross-check information with the official CBSE syllabus.
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Reviews
Reconstitution and Dissolution is the highest-weightage CBSE chapter and this question bank gives it the most thorough coverage. Every reconstitution scenario is covered across multiple question types.
Capital accounts fixed and fluctuating interest on capital and drawings and profit sharing ratios are all covered across all six question types. Chapter 1 is extremely thorough and well-designed.
Six chapters aligned with the CBSE exam structure with 55 plus questions per chapter across every question type. MCQ explanations HOTS and case studies all included. Outstanding preparation resource.
Worked explanations for every MCQ teach you why the correct answer is right rather than just what it is. This depth of MCQ explanation is something I had never seen in other Accountancy resources.
Realisation Account and partners' capital account in dissolution are covered with complete workings. Piecemeal distribution and insolvency are correctly excluded as they are outside CBSE syllabus.
Higher-Order Thinking Skills questions at the end of each chapter push preparation beyond standard MCQ and definition-level answers. These are exactly the type of questions that appear in CBSE boards.
Change in profit sharing ratio calculation of sacrificing and gaining ratios with complete working notes are covered across multiple scenarios in Chapter 2. Very thorough ratio coverage throughout.
Ratio analysis in Chapter 6 covers liquidity solvency profitability and activity ratios with both calculation and interpretation questions. Very good preparation for this frequently tested chapter.
Piecemeal distribution insolvency of partners and redemption of debentures are correctly excluded as they are outside CBSE syllabus. This accuracy in syllabus alignment is reassuring and important.
Indirect method starts with net profit and adjusts for non-cash items and working capital changes. Chapter 5 shows these adjustments step by step in every numerical. Finally understood the method.