Important Questions for CBSE Class 12 Accountancy 2026 | Chapter Wise & Exam Focused
Table of Contents
Important Questions for CBSE Class 12 Accountancy 2026 – Chapter-Wise High-Scoring List
CBSE Class 12 Accountancy is a high-weight, numerical-based subject that can easily boost your overall percentage if prepared smartly. Practicing the most important questions helps students understand exam patterns, improve speed, and score confidently in board exams.
This article provides chapter-wise important questions, preparation tips, and FAQs for quick revision before exams.
CBSE Class 12 Accountancy Exam Structure (Quick View)
| Part | Units | Marks |
|---|---|---|
| Part A | Partnership + Companies | 60 |
| Part B | Financial Statement Analysis / Computerised Accounting | 20 |
| Part C | Project Work | 20 |
| Total | 100 |
Part A – Accounting for Partnership Firms (36 Marks)
Important Theory Questions
-
What is a partnership deed? Explain its importance.
-
Difference between fixed capital and fluctuating capital accounts.
-
What is goodwill? Why is it valued?
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Explain sacrifice ratio and gain ratio.
-
What is reconstitution of partnership?
-
Explain treatment of accumulated profits at admission.
-
What is a realization account?
-
Explain Garner vs Murray rule.
Important Numerical Questions
| Topic | Practice Focus |
|---|---|
| Profit & Loss Appropriation A/c | Distribution with interest & salary |
| Goodwill Valuation | Average profit, super profit, capitalization |
| Admission of Partner | New ratio, goodwill, revaluation |
| Retirement / Death | Gaining ratio, settlement |
| Dissolution | Realization account, cash account |
Part A – Accounting for Companies (24 Marks)
Important Theory Questions
-
What is share capital?
-
Types of shares.
-
What is forfeiture of shares?
-
What are debentures?
-
Meaning of collateral security.
-
Difference between shares and debentures.
Important Numerical Questions
| Topic | Must Practice |
|---|---|
| Issue of Shares | At par, premium, forfeiture |
| Reissue of Shares | Accounting entries |
| Issue of Debentures | Discount/premium |
| Redemption of Debentures | Lump sum & instalments |
| Interest on Debentures | Journal entries |
Part B – Financial Statement Analysis (20 Marks)
Important Questions
Theory
-
Meaning and objectives of financial statement analysis
-
Types of accounting ratios
-
Importance of cash flow statement
-
Difference between operating, investing & financing activities
Numericals
| Topic | Marks Potential |
|---|---|
| Accounting Ratios | High |
| Cash Flow Statement (Indirect method) | Very High |
High-Weight Chapters to Focus More
| Chapter | Importance |
|---|---|
| Admission of Partner | ⭐⭐⭐⭐⭐ |
| Retirement of Partner | ⭐⭐⭐⭐⭐ |
| Dissolution of Partnership | ⭐⭐⭐⭐ |
| Issue of Shares | ⭐⭐⭐⭐ |
| Redemption of Debentures | ⭐⭐⭐⭐ |
| Cash Flow Statement | ⭐⭐⭐⭐⭐ |
| Accounting Ratios | ⭐⭐⭐⭐ |
Smart Strategy to Pass Accountancy Easily
- Practice numericals daily
- Memorize journal entry formats
- Learn formulas for ratios
- Solve at least 10 cash flow questions
- Revise partnership adjustments carefully
- Focus on presentation and working notes
Last-Minute Revision Table
| Area | What to Revise |
|---|---|
| Partnership | Goodwill, ratios, revaluation |
| Company Accounts | Share & debenture entries |
| Ratios | Formulas |
| Cash Flow | Format + adjustments |
| Theory | Definitions |
Final Tip for Board Exam Success
Focus on:
- Formats
- Accuracy
- Working notes
- Presentation
- Regular revision
Click here to know about CBSE Class 12 Accountancy Syllabus 2025–26 | Complete Guide for 2026 Boards: https://dekhocampus.com/news/cbse-class-12-accountancy-syllabus-2025-26
FAQs (Frequently Asked Questions)
No, with regular practice it becomes easy and scoring.
1.5 to 2 hours daily is enough with practice.
Yes, 80% board questions repeat from key concepts.
Yes, numericals carry major marks.
Partnership accounts and cash flow statement.
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