CBSE Class 12 Accountancy Sample Papers 2026-27

Prepare for your Class 12 CBSE Accountancy (Code 055) board exam with 20 full-length sample papers, each modelled on the prescribed question paper pattern: 34 questions, 80 marks, 3-hour format. 642 pages, with a step-wise answer key and complete workings after every paper.

What's Inside

Each paper is split into Part A, Accounting for Partnership Firms and Companies, taken by everyone, and Part B, where you choose between Option (i) Analysis of Financial Statements and Option (ii) Computerised Accounting. Marks run as they do in the board paper: Q1–16 and Q27–30 at 1 mark, Q17–20 and Q31–32 at 3 marks, Q21, Q22 and Q33 at 4 marks, and Q23–26 and Q34 at 6 marks. Internal choice runs through both parts.

Both Part B options are printed in full in every paper, and both are solved. If your school teaches Analysis of Financial Statements, you get 20 complete sets of it. If it teaches Computerised Accounting, you get 20 of those. Nothing in the book is a stub you have to skip.

Answer keys do more than give the letter. Every MCQ carries the actual calculation behind it, and the OR alternative is answered too, so a question with an either/or is worked twice. Longer answers are set out as proper ledger accounts and journal entries with narrations, with the figures traced through rather than stated, and mark allocation printed part by part. Ratio questions end with a written interpretation explaining what the number means, not just the percentage.

Topics Covered

Part A. Partnership fundamentals and the partnership deed, Profit and Loss Appropriation Account, fixed and fluctuating capitals, interest on capital and drawings, interest on capital as a charge, guarantee of profit both to a partner and to the firm, goodwill valuation including average profit, super profit, capitalisation and hidden goodwill, change in profit-sharing ratio, sacrificing and gaining ratio, admission of a partner, retirement, death of a partner, and dissolution including a partner's capital deficit. Company accounts: share capital, pro-rata allotment with and without rejections, calls in advance, forfeiture and reissue at different prices, issue of debentures at par, premium and discount, debentures issued for assets and as collateral security, debenture interest, redemption with Debenture Redemption Reserve and Debenture Redemption Investment, and conversion of debentures.

Part B Option (i). Statement of Profit and Loss and Balance Sheet under Schedule III, comparative statements, common size statements, accounting ratios across liquidity, solvency, activity and profitability, and the Cash Flow Statement.

Part B Option (ii). Spreadsheet work including data validation, payroll accounting and computerised accounting systems.

Difficulty Levels

Papers are graded across three levels: 4 Easy, 6 Medium and 10 Hard, with the level printed on each paper's own first page and listed in the Contents. The Easy papers stay close to single-adjustment questions. The Hard papers stack several events into one question, for example an admission followed by a retirement and a death in the same firm, multi-category allotment with rejections, or two forfeitures reissued at different prices in a single question. The papers are not printed in difficulty order, so the preface sets out a recommended order of attempt in three stages, Easy first, then Medium, then Hard.

At a Glance

• 20 full-length sample papers, 642 pages

• Three difficulty levels: 4 Easy, 6 Medium and 10 Hard, with a recommended order of attempt

• 34 questions per paper (80 marks, 3 hours)

• Both Part B options printed and solved in all 20 papers

• Step-wise answer keys with full ledger accounts and journal entries

• Numerical justification for every MCQ, including the OR alternative

• Mark allocation shown part by part

• Written interpretation for ratio questions

• Case-based, assertion-reason and data-interpretation questions in every paper

• All questions are original

Disclaimer

This ebook is an independent publication by FutureTopper.in and is not affiliated with, endorsed by, or connected with the Central Board of Secondary Education (CBSE) or any examination board. These papers are modelled on the pattern of previously released board-level sample papers and are prepared for practice and self-assessment only. They do not represent actual board examination papers. The latest official sample paper may not have been released at the time of publication, and the board may change the paper structure, question types or marking scheme. Product names and trademarks mentioned are the property of their respective owners and are used solely for educational identification. While care has been taken to ensure accuracy, minor errors may exist. Errors can be reported to contactfuturetopper@gmail.com.