ISC Class 12 Accounts Question Bank 2026-27
A complete question bank for ISC Class XII Accountancy students, covering all 9 chapters of the ISC syllabus with 50+ original questions per chapter and full solutions throughout.
Coverage — All 9 Chapters
Chapter 1: Partnership Accounts — Fundamentals, Chapter 2: Goodwill — Nature and Valuation, Chapter 3: Admission of a Partner, Chapter 4: Retirement and Death of a Partner, Chapter 5: Dissolution of Partnership Firm, Chapter 6: Company Accounts — Share Capital, Chapter 7: Company Accounts — Debentures, Chapter 8: Analysis of Financial Statements, Chapter 9: Cash Flow Statement
What's Inside
Each chapter contains 50+ questions organised by question type, following the ISC mark structure: MCQ (1 Mark), Very Short Answer (2 Marks), Short Answer (4 Marks), and Long Answer / Numerical (8 Marks). Every question — including all MCQs — is followed by a complete answer with explanation. Numerical questions include full step-by-step workings.
Notable Features
The book uses a colour-coded answer system to help students self-assess: gold boxes for MCQ answers, green boxes for theory/concept answers, and blue boxes for numerical solutions. Each chapter includes diagrams, flowcharts, T-accounts, and comparison tables, with image-based questions marked separately to build diagram-reading skills for board exams.
How It's Designed to Be Used
The book advises students to attempt all questions — especially numericals — before checking the answers, and to use it alongside their textbook and class notes rather than as a standalone resource.
Disclaimer
This is an independent educational resource and is not affiliated with, endorsed by, or connected to the ISC board, CISCE, or any government body. Questions are written by the publisher based on the publicly available ISC syllabus and observed exam pattern.
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Reviews
All 9 ISC chapters covered with 50 plus questions each. The colour-coded answer system — gold for MCQ green for theory blue for numericals — makes self-assessment far more efficient than any other resource I have used.
Average Profit Super Profit and Capitalisation are all covered with MCQ short and numerical question types. I finally understood all three methods thoroughly after working through this chapter.
Issue forfeiture and reissue of shares all covered at ISC difficulty with full journal entry solutions. Numerical solutions show every step which is exactly how ISC expects them to be answered.
After struggling with Cash Flow Statement all year this question bank finally made it click. Multiple numerical questions with full workings from the basics to complex adjustments. Excellent.
The separately marked image-based questions for diagram reading are something I had not seen in any other Accounts resource. This prepared me for visual questions that appeared in my ISC exam.
Every T-account in every numerical solution is drawn out completely with all entries in the correct format. This is exactly what ISC examiners expect and it trained me to present answers correctly.
The question quality and numerical solutions are excellent across all 9 chapters. Some flowcharts could be larger for easier reading but the preparation value is very strong. Still recommended.
Cash Flow numericals with full step-by-step workings helped me understand the format completely. This was the chapter I was most nervous about and this question bank resolved all my doubts.
Profit and Loss Appropriation Account questions with interest on capital drawings and partner salaries are all well-covered across multiple numerical types. Complete ISC coverage throughout.
Super Profit Average Profit and Capitalisation methods all covered across multiple question types. The variety within the Goodwill chapter gave me thorough practice in every valuation method.