CBSE Class 12 Accountancy Question Bank 2026-27

Practise the full CBSE Class 12 Accountancy paper, chapter by chapter, with 333 independently authored questions covering all six chapters and the complete 80-mark theory syllabus, Subject Code 055.

Every chapter follows the same six-section structure: Section A multiple choice, Section B very short answer, Section C short answer, Section D long answer at 6 marks, Section E HOTS and case studies, and Section F additional practice MCQs. Fifty-five questions a chapter, fifty-eight in the last, and every one carries a fully worked solution.

What’s inside:

• 333 questions across 6 chapters, authored for Future Topper

• 139 MCQs, each with an explanation that names the trap the other options are set to catch

• 61 very short answer and 61 short answer questions with working shown line by line

• 19 long answer questions at 6 marks, with complete P&L Appropriation Accounts, Revaluation Accounts, Realisation Accounts, Capital Accounts and Schedule III Balance Sheets

• 53 HOTS and case study questions, including dual-guarantee distributions, hidden goodwill, forfeiture where the premium was only partly received, and ratio reconstruction from incomplete data

• Shaded notes throughout flagging the errors that cost the most marks: profit on realisation sitting on the debit side, Share Capital debited with the amount called up rather than the amount received, Debt-Equity using long-term debt only

• Current treatments stated explicitly, including discount on issue of debentures written off in the year of allotment, proposed dividend not recognised as a liability under AS-4 (Revised), and DDT no longer computed

• Out-of-syllabus topics deliberately excluded and named in the preface: piecemeal distribution, sale of the firm to a company, insolvency of partners, and redemption of debentures

Chapters covered: Accounting for Partnership Firms — Fundamentals (55) · Reconstitution and Dissolution of Partnership Firm (55) · Accounting for Companies — Share Capital and Debentures (55) · Financial Statements of a Company (55) · Cash Flow Statement (55) · Analysis of Financial Statements (58)

Unit weightage: Partnership Firms 36 marks · Companies 24 marks · Analysis of Financial Statements 12 marks · Cash Flow Statement 8 marks

How to use it: Attempt every question before reading the answer, since a worked solution you have not struggled with first teaches very little. Read the explanation under each MCQ even when you answered correctly. For journal entries and ledger accounts, foot both columns and confirm that debits equal credits before moving on. Leave the HOTS questions until the rest of the chapter is finished. Work one chapter at a time rather than skipping between them.

Closing: Ideal for Class 12 Commerce students targeting 90+ in Accountancy. CBSE awards marks for steps, not only for the final figure, so every solution here shows the steps.

Independent educational practice material. Not affiliated with or endorsed by CBSE or NCERT. The term CBSE is used only to indicate alignment with the Class 12 Accountancy curriculum, Subject Code 055.