CBSE Class 12 Accountancy Answer Key 2026 (OUT) LIVE Updates: Student Reviews; Real-time question paper solving
CBSE Class 12 Accountancy 2026 exam has been concluded; students report a "moderate but lengthy" paper with tricky MCQs. Access the full answer key and expert analysis prepared by our experts across sets here.
CBSE Class 12 Accountancy Answer Key 2026 LIVE:The pens are down! The CBSE Class 12 Accountancy Exam 2026 concluded today, February 24, at 1:30 PM.Initial feedback from students suggests that the paper was balanced overall, but the calculations took time.We are currently analyzing the sets and will be providing the real-time answer key and detailed solutions below as they become available.
If you wish to submit your feedback or review on CBSE Class 12 Accountancy 2026 Question Paper,Click here to submit your Review
The 12th Accountancy paper consisted of 34 questions, and each question was compulsory to answer. The question paper will be divided into two parts, Part A (60 marks) and Part B (20 marks). Note that Part A is compulsory to answer, whereas Part B has two options: Analysis of Financial Statements and Computerised Accounting.
CBSE Class 12 Accountancy Answer Key 2026: Real-Time Answer Key Solutions (Set-wise)
Our experts are currently solving the paper. Check back every few minutes for the set-wise solutions.
Answer Keys for 67/1/3
| Particulars | Answers Key |
| Part A-1. | (C) 15% |
| 2. | (B) ₹ 6 per share |
| 3. | (C) ₹ 45,000 |
| 4. | (B) 31:41:18 |
| 5. | (C) ₹ 10,000 will be credited to realisation account |
| 6. | (C) Nidhi ₹ 9,000; Kunal ₹ 6,000 |
| 7. | (C) 4:1 |
| 8. | (C) ₹ 2,45,000 |
| 9. | (A) Both assertion (A) and Reason (R) are correct, and Reason (R) is not the correct explanation of Assertion (A). |
| 10 (a) | (D) credited, ₹ 3,600 |
| 11 | (A) ₹ 60,000 |
| 12 | (B) ₹ 3,72,000 |
| 13 | (C) ₹ 5,00,000 |
Answer Keys for 67/3/1
| Particulars | Answers Key |
| Part A-1. | (D) 56:27:37 |
| 2. | (A) Both assertion (A) and Reason (R) are correct, and Reason (R) is the correct explanation of Assertion (A). |
| 3 (a) | (A) ₹1,890 |
| 3 (b) | (C) Interest on Capital A/C Dr. To Rao's Current A/C- 18,000 |
| 4 (a) | (A) debited, ₹ 1,60,000 |
| 4 (b) | (D) ₹ 13,35,000 |
| 5 | (B) Debit Suman's Capital A/c by ₹30,000 and Credit Chaman's Capital A//c by ₹ 30,000 |
| 6 | (B) ₹ 75,000 |
| 9 (a) | (C) Partners |
| 9 (b) | (C) Interest @6% p.a. on loans/advances by them to the firm |
| 10 | (A) Current Accounts of partners |
| 11 | (D) 5% |
| 12 | (B) ₹ 6,00,000 |
| 13 | (B) ₹15,000 |
| 14 | (A) ₹ 9,400 |
| 15 | (C) ₹ 90,000 |
| 16 | (C) credited by ₹ 5,00,000 |
Answer Keys for 67/4/3
| Particulars | Answers Key |
| Part A-1. | (A) Anita ₹ 24,000 and Priyal ₹ 32,000 |
| 2. | (A) Both assertion (A) and Reason (R) are correct, and Reason (R) is the correct explanation of Assertion (A). |
| 3 | (D) Reserve capital |
| 4 | (C) ₹ 1,80,000 |
| 5 | (A) Sacrifice 1/6 |
| 6 | (C) ₹ 3,00,000 |
| 7 (a) | (B) Secured Debenture |
| 7 (b) | (C) Purchase fixed assets |
| 8 | (A) ₹ 36,000 |
| 9 (a) | (B) ₹ 20,000 |
| 9 (b) | (C) ₹ 60,000 |
| 10 (a) | (B) 7:3 |
| 10 (b) | (C) 21:11 |
| 11 (a) | (C) ₹ 1, 20,000 |
| 11 (b) | (A) ₹ 20,000 |
| 12 | (C) ₹ 5, 50,000 |
| 13 | (B) Sunil - ₹ 1,20,000 and Amit- ₹ 1,80,000 |
| 14 | (D) 4,000 |
| 15 (a) | (A) ₹ 7,800 |
| 15 (b) | (C) 71/2 months |
| 16 | (C) 3:2 |
Answer Keys for 67/1/1
| Particulars | Answers Key |
| Part A6 (a) | (A) It is a primary security |
| 6 (b) | (C) Body Corporate |
| 7 (a) | (B) old profit-sharing ratio |
| 7 (b) | (D) ₹ 5,00,000 |
| 8 | (C) 2,400 |
| 9 (a) | (C) 4:1 |
| 9 (b) | (A) 1:1 |
| 10 | (C) Nidhi ₹ 9,000; Kunal ₹ 6,000 |
| 11 | (B) ₹ 72,000 |
| 12 | (C) ₹ 8 per share |
| 13 | (C) ₹ 2,45,000 |
| 14 | (C) ₹ 10,000 will be credited to realisation account |
| 15 | (B) 31: 41:18 |
| 16 | (B) ₹ 2,70,000 |
Answer Keys for 67/2/1
| Particulars | Answers Key |
| Part AQuestion 1. | (A) 3500 |
| Question 2 | (D) Rs 3000 |
| Question 3 | a-(C) Issuing partly paid-up bonus shares to the existing shareholders of the company b- (D) Any of the above or with all the above |
| Question 4 | a (A) Deppan's Current A/c Dr. Rs 1,000 To Dishad's Current A/C Rs 1,000 b Mansha's Capital A/C Dr. Rs. 1,20,00 To Kabir's Capital A/C Rs 30,000 To Divya's Capital A/C Rs 90,000 |
| Question 5 | (D) Out profits |
| Question 6 | a (A) Rs 22,00,000 b (C) Unsecured Debentures |
| Question 7 | (C) 5% |
| Question 8 | a (D) Rs 80,000 b (A) Debited Rd. 20,000 |
| Question 9 | (8) Rs 10,000 |
| Question 10 | a (C) Rs 30,000 b (B) Varun is 1,50,000 Tarun Rs 1,00,000 |
| Question 11 | (8) Rs 3,60,000 |
| Question 15 | (D) 1:1 |
CBSE Class 12 Accountancy 2026 Student Reactions: "Lengthy but Fair"
The general exam feedback across test centres is that the difficulty level was moderate, and the paper was quite time-consuming.
- Aryan S. from Delhi:"The Part A partnership questions were straightforward, but the Cash Flow Statement in Part B took longer than I anticipated. I barely finished five minutes before the bell."
- Meera Nair from Kochi:"I was worried about the pro-rata allotment in Company Accounts, but it was manageable. The MCQs were actually the trickiest part, they required deep conceptual clarity."
- Rohan Gupta from Lucknow:"A few 6-mark questions were repetitive from previous years' sample papers. If you practiced the 2025-26 official CBSE sample paper, you’d find this comfortable."
- Sana Sheikh from Mumbai:"Dissolution and Admission questions were easy scoring areas. However, the Comparative statements required very precise calculations."
What's Next for Commerce Students?
Since Accountancy exam is concluded, the next major exam for the Commerce stream is Business Studies.
- Next Exam:CBSE Class 12 Business Studies
- Date:March 28, 2026
- Strategy Tip:Unlike Accountancy, which is calculation-heavy, Business Studies requires a mastery of case studies. Start revisiting the "Principles of Management" and "Marketing Management" chapters immediately.
Pro-Tip:Don't obsess over the Accountancy marks tonight. What’s done is done. Take a half-day break, and then start your Business Studies revision by solving at least five case studies per day
Note that once the CBSE Class 12 Accountancy exam ends, the unofficial answer key analysed by the Collegedekho subject matter expert will be added here on February 24, 2026.
CBSE Class 12 Accountancy Exam 2026 LIVE
Feb 24, 2026 06:00 PM IST
CBSE Class 12 Accountancy 2026 Live Coverage Concludes & Answer Keys are Available
Our live tracking of the Accountancy exam has ended as expert-verified answer keys for various sets are now available. Students can now access these set-wise solutions to cross-check their Part A (Partnership) and Part B (Financial Analysis) responses to estimate their probable scores. While unofficial keys help assess MCQs, remember that CBSE’s final evaluation will include generous step-marking for all numerical calculations and ledger accounts.
Feb 24, 2026 05:30 PM IST
High-Priority "Money" Chapters
Start your BST prep with Part B: Financial Management and Marketing Management. These two units alone carry roughly 30 marks. Mastery of the "4 Ps of Marketing" and "Factors affecting Capital Structure" is essential for a 95+ score.
Feb 24, 2026 05:00 PM IST
The "NCERT Heading" Protocol
A critical tip for BST: Examiners in 2026 are looking for verbatim NCERT headings. While you can explain in your own words, the subheadings (e.g., "Unity of Command," "Financial Planning") must match the textbook exactly to secure full marks in 6-mark questions.
Feb 24, 2026 04:30 PM IST
Case Study Dominance (50% Weightage)
For BST 2026, experts predict that nearly half the paper will be competency-based. Strategy update: Practice the "Identify, Quote, and Explain" method. Identifying the concept is only 1 mark; quoting the line from the case study and explaining it yields the remaining 3–4 marks.
Feb 24, 2026 04:00 PM IST
Pivot to Business Studies (BST): The 32-Day Gap
With the Accountancy exam over on February 24 and Business Studies on March 28, commerce students have a generous one-month gap. The update is clear: Use the first 10 days for deep-dive revision and the last 20 days for solving at least 15-20 case-study-heavy sample papers.
Feb 24, 2026 03:30 PM IST
Expert Take on CBSE Class 12 Accountancy Exam 2026
Teachers noted that while the paper was student-friendly, it was "competency-focused," rewarding those who understood the logic behind the journal entries. Don't panic if your final balance sheet didn't tally. CBSE follows strict step-marking; you will still receive credit for correct journal entries and working notes.
Feb 24, 2026 02:30 PM IST
CBSE Class 12 Accountancy 2026 Paper Review: The "Tough" Spots
- MCQs: These were not direct. Students reported that assertion-reasoning questions and case-based MCQs required a deep dive into NCERT concepts.
- Company Accounts: Questions on Forfeiture and Reissue of Shares were standard but involved multiple calculation steps.
- Internal Choice: Students noted that the internal choices provided were well-calibrated, though choosing the "shorter" question was key to finishing on time.
Feb 24, 2026 01:49 PM IST
Overall CBSE Class 12 Accountancy Exam 2026 was Moderate but Lengthy
As per inititial feedback, Accountancy paper was Moderate but lengthy. Most students found the paper manageable in terms of logic, but struggled with time management. Answer keys are being prepared by CollegeDekho experts. Stay Tuned!
Feb 24, 2026 01:30 PM IST
CBSE Class 12 Accountancy Exam Ends
CBSE Class 12 Accountancy Exam Ends. Soon, the test takers will be coming out of the exam centre. The CollegeDekho team has already reached the exam centres of a few of the major cities. They will connect to the test takers to collect their feedback.
Feb 24, 2026 01:25 PM IST
Invigilators Begin Final Collection Process
Only 5 minutes left. Students are tying their supplementary sheets and ensuring their roll numbers are correctly written on all pages. The atmosphere at exam centers is reported to be intense but disciplined.
Feb 24, 2026 01:10 PM IST
Final 20 Minutes: The Revision Sprint
The final bell is approaching. Students are advised to stop solving new problems and start reviewing their working notes. Checking the Balance Sheet totals and ensuring all "Notes to Accounts" are properly numbered is the priority in these closing minutes.
Feb 24, 2026 12:45 PM IST
Tackling Competency-Based Questions
With 45 minutes remaining, students are likely facing the 50% weightage of competency-based and MCQ questions. These require deep conceptual clarity rather than just rote learning. Experts advise students not to rush these "smaller" questions, as they are highly scoring.
Feb 24, 2026 12:15 PM IST
Midway Mark: Time Management Check
We are now halfway through the exam. Students should ideally be finishing Part A and preparing to start Part B (Financial Statement Analysis). Part B carries 20 marks and includes the Cash Flow Statement, a section that requires calm and precise classification of Operating, Investing, and Financing activities.
Feb 24, 2026 11:45 AM IST
Shifting Gear to Company Accounts
At the 75-minute mark, students are expected to move toward Unit 2: Accounting for Companies. Key topics like Forfeiture and Reissue of Shares and Debentures are likely being tackled now. Remember, proper narration for journal entries is mandatory to avoid losing marks.
Feb 24, 2026 11:15 AM IST
Focus on Accuracy in Partnership Accounts
By now, most students would be halfway through the Partnership section. Maintaining accuracy in Revaluation Accounts and Capital Account adjustments is crucial here. Even minor calculation errors in the sacrificing ratio can impact the entire problem.
Feb 24, 2026 11:00 AM IST
CBSE Class 12 Accountancy Exam 2026: Rest of the Commerce Exam Dates
- March 18, 2026: Economics
- March 28: Business Studies
Feb 24, 2026 10:45 AM IST
High Weightage Sections to Watch
As the first 15 minutes of writing time pass, students are likely diving into Part A (Accounting for Partnership Firms and Companies), which carries a massive 60 marks. Experts suggest that the "Reconstitution of Partnership" and "Issue of Shares" are the sections where students usually focus first to secure bulk marks.
Feb 24, 2026 10:30 AM IST
CBSE Class 12 Accountancy Exam Starts
CBSE Class 12 Accountancy Exam Starts. Candidates can now write down the answers. The exam will end at 1.30 PM.
Feb 24, 2026 10:00 AM IST
CBSE Class 12 Accountancy Question Paper: Gate Closed
The reporting process for the CBSE Class 12 Accountancy exam has been done and the gate of the exam hall has been closed. The exam will begin in 30 minutes. Candidates are now not allowed to leave the exam centre under any circumstances.
Feb 24, 2026 09:00 AM IST
Do I need to carry rough sheet on my own?
Candidates do not need to carry any rough sheet to the exam centre. They will be provided with it inside the exam hall. Before leaving the hall, the rough sheets should be provided to the invigilator at the end of the exam.
Feb 24, 2026 08:00 AM IST
When will I get CBSE Class 12 Accountancy Question Paper?
As per the schedule, the candidates will be given the CBSE Class 12 question paper at 10.15 AM, and the exam will start at 10.30 AM. During the question reading time, the candidates will not be allowed to write the answers.
Feb 24, 2026 07:00 AM IST
CBSE Class 12 Accountancy Exam Day Guidelines
- Candidates are advised to reach the exam hall by 9.30 AM. No candidates will be allowed to enter the exam centre after 10 AM
- Do not carry mobile phones, any electronic gadgets, calculators, or bags inside the exam hall
- Only carry a black/ blue ballpoint pen
- Do not wear any smartwatch
Feb 24, 2026 06:00 AM IST
Can I take printout or photocopy of CBSE Class 12 Admit card to exam centre today?
No candidates will be allowed to step into the exam hall unless they carry the original CBSE Class 12 admit card. Make sure you are carrying it with you, along with the other important things.
Feb 24, 2026 05:00 AM IST
CBSE Class 12 Accountancy Exam 2026: Quick Fact Check
Shareholders' Funds (Equity): Equity Share Capital + Preference Share Capital + Reserves & Surplus.
Capital Employed: Shareholders' Funds + Non-Current Liabilities.
OR: (Total Assets Current Liabilities).
Net Profit Before Tax (for Interest Coverage): Net Profit after Tax + Tax + Interest.
Feb 24, 2026 04:00 AM IST
CBSE Class 12 Accountancy Exam 2026: Liquidity Ratios (Short-Term Solvency)
- Quick Assets= Current Assets - (Inventory+Prepaid Expenses)
- Working Capital= Current Assets- Current Liabilities
Feb 24, 2026 03:00 AM IST
CBSE Class 12 Accountancy Exam 2026: Final Golden Hour Countdown
- Candidates should complete the MCQs in the first 15 minutes. At first, the candidates should identify the 1 mark questions that require a calculation.
- In the next 60 minutes, the candidates should tackle the 6 and 8 marker questions (shares/ partnership). These need the most "Fresh" brainpower.
- In the next 40 minutes, the candidates should smash through Part B (such as Ratios, Cash Flow, and Comparative)
- In the last 20 minutes, candidates must check Narrations, Unit Signs amd Working Note numbers
Feb 24, 2026 02:00 AM IST
Cash Flow Quick Check during Last Minute Preparation
Before the candidates finish the Cash Flow Statement, get a quick check of it for last-minute preparation:
- Depreciation: Added back in operating (Non-cash)
- Gain on Sale of Asset: Subtracted from Operating and added in investing (Actual sale proceeds)
- Interest Paid: Added back in operating (Non-operating); Subtracted in Financing
- Proposed Dividend: Consider the Previous Year's figure (the amount that was actually paid).
Feb 24, 2026 01:00 AM IST
What are the Big 5 Ratios for CBSE Class 12 Accountancy Exam 2026
- Current Ratio= Current Assets/ Current Liabilities
- Debt to Equity= Long Term Debt/ Shareholders' Funds
- Inventory Turnover= Cost of Revenue from Operations/ Average Inventory
- Trade Rec. Turnover= Net Credit Revenue from Op./ Average Trade Receivables
- Return on Investment= (Profit before Interest, Tax, Div./ Capital Employed)X100
Feb 24, 2026 12:00 AM IST
CBSE Class 12 Accountancy Exam 2026: Comparative vs. Common-Size Statements
- Comparative Statements (Horizontal Analysis): To see the absolute change with this year to last year. Hence, % change= [{Absolute change (B-A)}/Base Year (A)]X100
- Common Size Statements (Vertical Analysis): The candidates should compare every item to a base figure of the same year.
- In Balance Sheet: The base is Total Assets/ Liabilities (100%)
- In Profit & Loss: The base is revenue from Operations (100%)
Feb 23, 2026 11:00 PM IST
Were there any out of syllabus question in CBSE class 12 Accountancy exam in 2025?
There were no such instances of asking out-of-syllabus questions in the CBSE Class 12 Accountancy exam 2025. The paper strictly followed the NCERT curriculum and the provided syllabus.
Feb 23, 2026 10:00 PM IST
Where the balance of the Deceased Partner’s Capital Account to be transferred?
The balance of the Deceased Partner’s Capital Account will be transferred to the executor's account.
- Entry: Deceased Partner’s Cap A/c Dr to Executor’s A/c
- Interest on Due Amount: If the candidates will find that the deed is silent and the payment is still pending, then the executor will be entitled to 6% p.a. interest on the unpaid amount, as per section 37 of the Partnership Act.
Feb 23, 2026 09:30 PM IST
Instructions related to Deceased Partner's Capital Account
When the candidates prepare the account, they should make sure that the following items are entered on the credit side:
- Opening balance (from the balance sheet).
- Interest on Capital (calculated only for the months alive).
Share of Reserve/Workmen's Compensation Fund.
Share of Profit (Calculated using methods above).
Share of Goodwill (Valued X Deceased Partner's Share).
Feb 23, 2026 09:00 PM IST
CBSE Class 12 Accountancy Exam 2026: The Sales Basis Method
- Step 1: Find out the Profit Percentage Margin of the previous year.
- Step B: After that, apply that % to the sales of the current period (up to death).
- Step C: Multiply by the Decesaed Partner's Share.
Feb 23, 2026 08:30 PM IST
How to calculate Last Year's Profit from the last Balance Sheet date to the date of death?
Previous Year's profit= Last Year's Profit X (Months alive/12) X Deceased Partner's share
Feb 23, 2026 08:00 PM IST
How to calculate "Minimum Reissue Price"?
Minimum Reissue Price= Face value- Forfeited Amount per share.
Feb 23, 2026 07:30 PM IST
What formula is used for the Capital reserve Calculation?
Capital Reserve= [(Total forfeited amount/ Total forfeited shares)XReissued shares]- Reissue Discount
Feb 23, 2026 07:00 PM IST
CBSE Class 12 Accountancy Exam 2026: the Must Know Rules for Shares
If a shareholder fails to complete the allotment payment, then the premium will be included in the installment.
- Debit the Securities Premium A/c in the forfeiture entry.
- If they already paid the premium, then do not debit it or mention it in Forfeiture. If the same isreceived, the Premium is"locked".
Feb 23, 2026 06:30 PM IST
How to Calculate the "Excess Application Money"?
Excess= (Applied-Allotted)X Application Rate
Feb 23, 2026 06:00 PM IST
How to find the "Applied" shares?
Applied Shares= (Total Applied/ Total Allotted) X Shares Allotted to X
Feb 23, 2026 05:30 PM IST
CBSE Class 12 Accountancy Exam 2026: Quick Action to Take for Adjustments
Situation Action to Take Deficit (Required > Existing) Partner brings cash Surplus (Existing > Required) Partner withdraws cash Silent on method Always assume a cash adjustment Feb 23, 2026 05:00 PM IST
CBSE Class 12 Accountancy Exam 2026: Current Account Trap
- Cash: Use bank/Cash A/C. This affects the final Balance Sheet Cash balance.
- Current A/c: Open a new Partner's current A/c. This appears as an asset (if debit) or liability (if credit) in the final balance sheet.
Feb 23, 2026 04:30 PM IST
Guidance for Case 2: Adjusting Old Partners' Capital (The "Fixed Total" Method)
In such a case, the partners decide that their capitals should be in the New Profit Sharing Ratio, especially based on the New Partner's Contribution.
- Finding the Total Capital of the Firm. For the same, the candidates should consider the New Partner's capital and then multiply it by the reciprocal of their share.
- Divide the Total capital to get the New Balance.
- Find out the "Cash/ Current" Difference by comparing the Adjusted Old Capital with the New Balance
Feb 23, 2026 04:00 PM IST
Guidance for Case 1: New Partner's Capital is Not Given
In such a case, the new partner brings in capital proportionate to the capital of the firm.
- Finding of Adjusted Old Capitals: First, complete the Partners' Capital Accounts for the existing partners (A and B). Next, calculate the closing balances after doing all the adjustments, such as Reserves, Revaluation, and Goodwill.
- Combine and Resiprocate:
- Add A+B's adjusted capital
- The sum shows the remaining share of the firm
- Total Capital of the Firm= (Sum of A & B's Adjusted Capitals) X 5/4 (Reciprocal of remaining share
- Calculation of New Partner's Share: Total Capital X New Partner's Share
Feb 23, 2026 03:30 PM IST
Instructions Related to the "Hidden Goodwill"
In the last few years, many students lost their marks since the Goodwill value was not given directly. Instead, the same was asked to be inferred from the total capital of the firm.
- The Logic: If a new partner brings Rs 1,00,000 for a 1/4th share, then the total capital of the firm needs to be Rs 4,00,000.
- The catch: Subtract the actual combined capitals of all the partners from the "Ideal" capital. The difference is Hidden Goodwill.
Feb 23, 2026 03:00 PM IST
What are the golden formulas for Allotment Arrears?
Calculate Applied Shares: If "Allotted" is given, find "Applied" (and vice versa).
Find Excess Application Money: (Applied - Allotted)X Application Rate.
Net Arrears: (Allotted X Allotment Rate) - Excess Application Money.
Feb 23, 2026 02:30 PM IST
CBSE Class 12 Accountancy 2026 Exam: The Competency Surge
Since 2024, the Board has shifted towards the 50% competency based questions. This means that the candidates will not be asked to "Calculate Ratio" only. Instead, they might be given a story about a company's falling liquidity or asked to identify which ratio they need to analyse.
Feb 23, 2026 02:00 PM IST
CBSE Class 12 Accountancy Exam 2026: The MCQ Trap
As per the experts' feedback, 1 mark questions were easy in the early years, but now most of them are time-consuming. Candidates needed to do a "mini-calculation" (suppose, find out the new profit-sharing ratio) before students pick an option.
Feb 23, 2026 01:30 PM IST
CBSE Class 12 Accountancy Exam 2026: Pro Tips to Follow
- As per the experts' analysis, the majority of Accountancy questions are asked directly on variations of examples found in the NCERT textbook.
- Focus on Part B, since this section carries 20 marks. Experts marked this section as easy but tricky. It is wise to practice the indirect method of cash flow until it becomes muscle memory.
- Since 2023, step marking has played a vital role; therefore, a neat working note has a major impact on your score.
Feb 23, 2026 01:00 PM IST
CBSE Class 12 Accountancy Exam 2026: Experts' Analysis for Past Five-Years
Exam Year Experts' Feedback 2025 Well-balanced, however, calculation-driven. Also, Part A was a tricky case-based. 2024 Most direct paper in years. Nonetheless, the Assertion-Reasoning MCQs were marked as "Confusing". 2023 Solely based on NCERT. Some adjustments related to "Issue of Shares" neededdeep critical thinking. 2022 Conducted in two terms. For instance, Term 2 was lengthy, and there were complex Cash Flow adjustments. 2021 Due to COVID, the paper was entirely MCQ-based. Feb 23, 2026 12:30 PM IST
CBSE Class 12 Accountancy Exam 2026: Five-Year Difficulty Trend Analysis
Exam Year Difficulty Level 2025 Moderate 2024 Easy to Moderate 2023 Moderate 2022 Moderately Tough 2021 Moderate (Term-1) Feb 23, 2026 12:00 PM IST
Last 15 Minutes Reading Strategy for CBSE Class 12 Accountancy Exam 2026
- During the question reading time, the candidates are advised to mark the questions first that can be solved instantly and quickly.
- The Internal Choice Decision: Candidates should select between "OR" options for 6-mark Partnership/ Company questions. Do not waste writing time deciding later.
- Analyze the Case Studies: It is necessary to underline the most important figures, such as Profit, Interest rates, or share counts, so that the students do not misread them.
Feb 23, 2026 11:30 AM IST
Presentations & Working Notes for CBSE Class 12 Accountancy Exam 2026
- T-Shape Trick: Candidates are advised to draw a rough T-shape Bank Account for the Complex 6-mark questions in the working notes. So that they can track the cash balance.
- Format Integrity: Do not skip columns like L.F. (Ledger Folio) or Date. Even though the column is empty, the format should be completed.
- Step Marking: Do not panic if your balance sheet does not tally. Instead, the candidates should move to the next question. For the correct steps, the candidates will get step markings.
Feb 23, 2026 11:00 AM IST
Recommended Time Management for CBSE Class 12 Accountancy Exam 2026
Section A (Partnership & Companies): 110 Minutes
Section B (Financial Analysis): 50 Minutes
Revision & Tallying: 20 Minutes
Feb 23, 2026 10:30 AM IST
Common Silly Mistake that Should Not Be Done
- Of vs From: In Partnership, 1/4th of his share means multiplication; whereas 1/4th of his share means Direct Subtraction.
- Date Awareness: Check the accounting year (that is, April 1st to March 31st). Keep in mind the mid-year retirement or deaths.
- Balance Sheet headings: Ensure the title: "Balance Sheet of (firm name) as at (date)". Using "for the year ended" is nothing but a technical error.
Feb 23, 2026 10:00 AM IST
CBSE Class 12 Accountancy Exam 2026: Sample Question (11)
Ques. X, Y, and Z were partners sharing Profit & Losses in the ratio 5:3:2. Y retired, and he gifted half of his share to X, and the remaining half was taken over equally by X and Z. Determine the new Profit-sharing Ratio.
A. 29 : 11 B. 13:7 C. 1:1 D. 5 : 2 Feb 23, 2026 09:30 AM IST
CBSE Class 12 Accountancy Exam 2026: Sample Question (10)
Ques. A, B, and C were partners sharing Profits &Losses in the ratio 7:2:1. B died. A took over 1/20 from his share, and the remaining share was taken over by C. Determine the new profit-sharing ratio.
A. 4 : 1 B. 7 : 1 C. 71 : 29 D. 3 : 1 Feb 23, 2026 09:00 AM IST
Pro tips for CBSE 12th Accountancy Exam 6-Marks questions (2)
For the 6-mark cash flow questions, the candidates should follow the below-highlighted tricks:
- Prepare the provision for Tax A/C and Plant & Machinery A/C in working notes before starting to work on the main Cash Flow format.
- Consider the previous year's figure to add back to NPBT and subtract the Financing Activities. Note that, ignore the current year's figure.
Feb 23, 2026 08:30 AM IST
Pro tips for CBSE 12th Accountancy Exam 6-Marks questions (1)
- Bank Entry Tip: If the candidates find that there are multiple calls and forfeitures, then they should keep a rough "Bank Account" T-shape ledger. It will, in turn, help the candidates track how much was received on allotment after the adjustment of Pro-rata excess.
- Securities Premium: If the premium was received, then the candidates should ignore it during forfeiture. Nonetheless, if a premium was not received, then debit it.
Feb 23, 2026 08:00 AM IST
CBSE Class 12 Accountancy Exam 2026: Sample Question (9)
Ques. On 1st August, 2024, Tom, Jerr,y and Tyke entered into a partnership with capital of ₹5,00,000 each. Interest on Drawings was to be charged @ 6% p.a. For the year ended March 31, 2025, Tyke withdrew ₹ 80,000. What amount of Interest on drawings will be charged from Tyke?
A. ₹ 4,800 B. ₹ 1,600 C. ₹ 3,200 D. ₹ 2,400 Answer. C. ₹ 3,200
Feb 23, 2026 07:00 AM IST
CBSE Class 12 Accountancy Exam 2026: Sample Question (8)
Ques. Jai and Veeru were in a partnership sharing Profit &Loss in the ratio 5:3. Their Capitals were ₹ 10,00,000 and ₹ 8,00,000, respectively. The firm was also having reserves of ₹ 7,00,000. The normal rate of return was 10%. The firm made average profits of ₹ 2,30,000 for the year ended March 31, 2025 (after adjustment of loss of machinery of book value of ₹2,00,000 by fire, against which an insurance claim of ₹1,50,000 was admitted). Value of goodwill as per Capitalisation of super profits will be:
A. ₹ 10,00,000 B. ₹ 3,00,000 C. ₹ 18,00,000 D. Nil. Answer. B. ₹ 3,00,000.
Feb 23, 2026 06:00 AM IST
CBSE Class 12 Accountancy Exam 2026: Sample Question (7)
Ques. Bala and Lala were partners in a firm with Capitals of ₹ 24,00,000 and 16,00,000. They admitted Mala as a new partner for 1/3 share, for which Mala brings ₹ 20,00,000 as capital. There was an Investment and Investment Fluctuation Reserve appearing in the books of ₹ 2,50,000 and ₹ 50,000, respectively. Bala took over 40% of the Investments at ₹ 80,000, and the remaining Investments were valued at ₹ 1,10,000. By what amount will the Revaluation account be affected for the above information?
A. Debited ₹ 60,000 B. Credited with ₹ 60,000 C. Debited ₹ 10,000 D. Credited ₹ 10,000 Answer: A. Debited ₹ 60,000
Feb 23, 2026 05:00 AM IST
CBSE Class 12 Accountancy Exam 2026: Sample Question (6)
Ques. Dawn Ltd. purchased Equipment and paid ₹ 2,20,000 by cheque and issued 16,000 equity shares of ₹ 10 each at 25% premium. The purchase consideration will be:
A. ₹ 3,40,000 B. ₹ 4,20,000 C. ₹ 3,80,000 D. ₹ 2,00,000 Answer: B. ₹ 4,20,000
Feb 23, 2026 04:00 AM IST
CBSE Class 12 Accountancy Exam 2026: Sample Question (5)
Ques. Pista Ltd. took over the running business of Vista Ltd., comprising Assets of ₹ 45,00,000 and Liabilities of ₹ 7,50,000, and in consideration issued them 30,000, 9% debentures of ₹ 100 each at 5% discount and a cheque of ₹ 10,00,000. Determine the amount of Goodwill or Capital Reserve.
A. Goodwill ₹ 9,00,000 B. Capital Reserve ₹ 9,00,000 C. Goodwill ₹ 1,00,000 D. Capital Reserve ₹ 1,00,000 Answer: Correct Answer is D. Capital Reserve ₹ 1,00,000.
Feb 23, 2026 03:00 AM IST
CBSE Class 12 Accountancy Exam 2026: Sample Question (4)
Ques. Prafful Limited forfeited 15,000 shares of ₹ 20 each on which ₹ 8 (including ₹ 2 premium) was paid. Out of these 13,000 shares were reissued @ ₹ 19 per share as fully paid up. Determine the amount of Share Forfeited balance.
A. ₹ 90,000 B. ₹ 91,000 C. ₹ 12,000 D. ₹ 16,000 Answer: C. ₹ 12,000
Feb 23, 2026 02:00 AM IST
CBSE Class 12 Accountancy Exam 2026: Sample Question (3)
Ques. On 1st July, 2024, A, B, and C entered into a partnership sharing Profits & Losses in the ratio 5:3:2. C was guaranteed that his share of profits would not be less than ₹ 60,000 p.a. Deficiency, if any, will be borne by A and B equally. For the year ended March 31, 2025, the firm incurred a loss of ₹ 1,25,000. Deficiency will be borne by A, and B will be:
A. A ₹ 30,000 and B ₹ 30,000 B. A ₹ 43,750 and B ₹ 26,250 C. A ₹ 42,500 and B ₹ 42,500 D. A ₹ 35,000 and B ₹ 35,000 Answer: The correct answer is C. A ₹ 42,500 and B ₹ 42,500
Feb 23, 2026 01:00 AM IST
CBSE Class 12 Accountancy Exam 2026: Sample Question 2
Assertion (A) :- A fluctuating Capital Account can show debit balance.
Reason (R) :- Losses and Drawings can be more than Capital Balance.
- A. Both A and R are correct and R is the correct explanation of A
- B. Both A and R are correct but R is not the correct explanation of A
- C. A is correct but R is incorrect
- D. Both A and R are incorrect
Answer: Option A. Both A and R are correct, and R is the correct explanation of A.
Feb 23, 2026 12:00 AM IST
CBSE Class 12 Accountancy Exam 2026: Sample Question (1)
Ques. A partner’s capital account was credited with ₹80,000 during the year. Which of the following can be the possibility for such a credit in his capital account?
A. Opening Balance B. Drawings during the year C. Loss during the year D. Capital introduced Answer: D. Capital introduced
Feb 22, 2026 11:00 PM IST
Important Formulas of Partnership Fundamentals & Reconstitution: Last Minute Preparation
- Interest on Drawings (IOD)= Total Drawings X (Rate/100) X (Average Period/12)
- Sacrificing Ratio= Old Ratio - New Ratio
- Goodwill (Super Profit Method):
- Normal Profit= Capital employed X (Normal Rate of Return/100)
- Super Profit= Average Profit- Normal Profit
- Goodwill= Super ProfitX Number of Years' Purchase
Feb 22, 2026 10:30 PM IST
What are the important formulas of Company Accounts (The Pro-rata Logic)?
- Find Shares Applied: Shares Allotted X (Total Applied in Category/ Total Allotted in Category)
- Excess Application Money: (Applied- Allotted)X Application Money per share
- Net Amount due on Allotment: (AllottedX Allotment Money)- Excess Application Money
Feb 22, 2026 10:00 PM IST
Expert's Strategy for Scoring High in CBSE Class 12 Accountancy Exam 2026
- It is a good practice to write down the formula clearly before you plug in the numbers. For the same, the candidates will get step marks.
- Don't forget to reduce the ratio to the simplest form (That is, 1.5:1, instead of 150,000:100,000).
- Units: It is necessary to remember which ratios are expressed as pure ratios (2:1), which are percentages (Profitability), and which are "Times" (Turnover/ Interest Coverage).
Feb 22, 2026 09:40 PM IST
What are the Common Pitfalls to avoid for CBSE 12th Accountancy exam 2026?
Particulars Details Bank Overdraft Candidates should treat this as a Current Liability Proposed Dividend Since it is a contingent liability, the candidates should not include it in ratios unless it is declared Loose Tools Candidates must deduct it from Current Assets for the Liquidity ratios Feb 22, 2026 09:20 PM IST
How to calculate Return on Investment?
Return on Investment (ROI):
= [(Net Profit before Interest, Tax and Dividend)/ Capital Employed] X 100
Note: Capital Employed= Shareholders' Funds+Non-Current Liabilities
Feb 22, 2026 09:00 PM IST
Important Formula on Inventory Turnover Ratio
Inventory Turnover Ratio:
= (Cost of Revenue from Operations/ Average Inventory)
Note: COGS= Opening Inventory+ Net Purchases+ Direct Expenses- Closing Inventory
Feb 22, 2026 08:40 PM IST
Expert's Golden Tips regarding CBSE Class 12 Accountancy Solvency Ratio
- Debt to Equity Ratio: Here, debt means non-current liabilities. So do not include current liabilities. Your Equity will be Share capital+Reserves and Surplus.
- Proprietary Ratio: This includes the amount of total assets fundedby the owners. If the ratio is higher, then the owner is in a stronger financial position.
- Interest Coverage Ratio: If the candidates will get a question on "Profit after tax", then they should add the tax and interest back for getting the "Before" figure.
Feb 22, 2026 08:20 PM IST
Expert's Golden Tips regarding CBSE Class 12 Accountancy Liquidity Ratios
Current Ratio: Candidates should be careful with what they need to include. It is necessary to exclude the loose tools and stores/ spares from the Current Assets when calculating the ratio, since they are not intended for the conversion into cash.
Quick Ratio/ Liquid Ratio: It is the time taking to sell the inventories, and if the prepaid expenses are already paid, then it can't be "turned back" into cashfor paying others.
Feb 22, 2026 08:00 PM IST
Important Formulas Related to Interest Coverage Ratio
Interest Coverage Ratio:
= (Net Profit before Interest and Tax/ Fixed Interest Charges)
Feb 22, 2026 07:40 PM IST
Important Formulas Related to Liquidity & Solvency Ratios (1/3)
Debt to Equity Ratio:
= (Long Term Debts/ Shareholders' Fund)
Feb 22, 2026 07:20 PM IST
Important Formulas Related to Liquidity & Solvency Ratios (1/2)
Quick (Liquid) Ratio
= [Current Assets- (Inventory+Prepaid Expenses)]/ Current Liabilities
The ideal ratio is 1:1
Feb 22, 2026 07:00 PM IST
Important Formulas Related to Liquidity & Solvency Ratios (1/1)
Current Ratio: Current Assets/ Current Liabilities (Ideal Ratio is 2:1)
Feb 22, 2026 06:40 PM IST
What is the formula of Capital Reserve Calculation?
Capital Reserve= [(Total Forfeited Amount/ Number of Shares Forfeited)X Number of Shares Reissued]-Discount on Reissue
Feb 22, 2026 06:20 PM IST
List of Three Common "Journal Entry" Traps to Avoid
- The "Premium" Trap: If shares are issued at a premium and the shareholders fail to pay the Allotment money, then you only debit the Securities Premium Account (in case pre,iumis not received). In case it is already received, then the forfeiture entry should be ignored
- The "Pro-Rata" excess: Calculate the "Excess Application Money" first, in a pro-rata category. Use this for reducing the "Calls-in-Arrears" on allotment.
Feb 22, 2026 06:00 PM IST
CollegeDekho Expert's Suggestion regarding Balance Sheet: Presentation Essentials
- Always double-underline the final totals
- Make a heading using "Balance Sheet of [Firm Name] as at [Date]."
- Under Grouping, the candidates should make sure that "Current" and "Non-Current" classifications are strictly maintained
Feb 22, 2026 05:40 PM IST
CollegeDekho Expert's Suggestion regarding The "1-Mark" Tallying Rule
- If the balance sheet does not tally, then there must be a small calculation error or a single missing entry
- If the previous steps (Revaluation, Capital Accounts, Journal Entries) are correct, then a non-tallying balance sheet usually costs 0.5 to 1 mark
Note that if the balance sheet is not matched on the first move, then they should give it a try again. If it does not work again, then move to the next question. At the end, come back if you have time. It is not at all wise if the candidates spend 15 minutes to get 1 mark for matching the balance sheet.
Feb 22, 2026 05:20 PM IST
CBSE Class 12 Accountancy Exam: Expert's Suggestion regarding Company Balance Sheet (1/2)
- In Company Accounts, 90% of the marks should be written in "Notes to Accounts."
- Candidates must follow the exact order, such as Authorized Capital, Issued Capital, and Subscribed Capital
- Don't forget the Calls-in-Arrears from "Subscribed but not fully paid" capital
- Add the balance of the share forfeiture account to the total Subscribed Capital
Feb 22, 2026 05:00 PM IST
CBSE Class 12 Accountancy Exam Balance Sheet: Expert's Suggestion (1/1)
- Since it is a step-by-step posting method, candidates should not try to "Solve" the balance sheet at the end. Instead, they should update the balance sheet item immediately after they receive a Journal entry
- Always create a small cash/bank account in the working notes to the new partner's capital account. This is the most common error
- Do not forget to remove the accumulated profits and losses from the old balance sheet and then distribute them to the partners before drafting the new one
- In Retirement/ death, candidates should make sure that the ongoing partner's balance is transferred to a loan account. It will appear on the Liabilities side
Feb 22, 2026 04:40 PM IST
CBSE Class 12 Accountancy exam: Last 48 hours Preparation Plan (1/2)
Day 2: Strategy, Ratios & Speed (Monday)
- Try to solve 3 to 4 full-length sums with adjustments from Provision for Tax and Proposed Dividend.
- Revise the formulas for Inventory Turnover and Interest Coverage Ratio
- Revise the easy marks topics, such as "Comparative and Common Size"
- It is necessary to solve a full-length mock paper
- Go through the notes you made and read the journal entries for Dissolution and Share Forfeiture for the last time
Feb 22, 2026 04:20 PM IST
CBSE Class 12 Accountancy exam: Last 48 hours Preparation Plan (1/1)
Day 1: The "Heavyweights" & Formats (Sunday/Monday Morning)
- Focus on Admission, Death, and Retirement
- Candidates must practice the topics like Hidden Goodwill, Capital Adjustments, and the Deceased Partner's profit calculation, on priority
- Candidates should spend strictly 1 hour on the pro-rata table and Forfeiture/Reissue entries. Candidates will get a 6-mark guaranteed question from this
- Revise the Realisation Account entries and practice Past Adjustments and Guarantee of Profit tables.
Feb 22, 2026 04:00 PM IST
CBSE Class 12 Accountancy Exam 2026: Marks Distribution
Weightage of Marks Number of Questions 1 mark questions - Questions 1 to 16
- Questions 27 to 30
3 marks questions - Questions 17 to 20
- Questions 31 and 32
4 marks questions Questions 21, 22, and 33 6 marks questions - Questions 23 to 26
- Question 34