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.