Bihar Board Class 12 Accountancy Important Questions 2026

Bihar Board Class 12 Accountancy Important Questions 2026 are from topics like Accounting for Partnership, Accounting for Not-For-Profit Organizations, Reconstitution of Partnerships, Share Capital, Dissolution of Partnership, Accounting for Shares and Debenture Capital, etc. As per the latest Bihar Board Class 12 Accountancy exam pattern 2025-26 , there will be 50% objective and 50% subjective questions. There will be 2 sections in the BSEB 12th Accountancy question paper. In Section A, there will be 100 objective-type questions, out of which any 50 questions are to be answered. Each question will carry 1 mark. In Section B, there will be 30 Short answer type questions. Each question will carry 2 marks, out of which any 15 questions are to be answered. Apart from these, there will be 8 Long Answer type questions, each question will carry 5 marks, out of which any 4 questions are to be answered. Continue reading the article to know more about what are the Bihar Board Class 12 Accountancy Important Questions 2026.

Read More Bihar Board Class 12 Accountancy Syllabus 2025-26

Bihar Board Class 12 Accountancy Important Questions 2026 of 1 Mark

You will get the 1-mark questions in Section A, where you will have to answer only 50 questions out of 100. If more than 50 questions are answered, then only the first 50 will be evaluated. For answering the questions in section A, you will be provided with an OMR Answer Sheet. Based on last year's questions, we have provided some of the important Bihar Board Class 12 Accountancy Questions of 1 mark. Check out below:

• The income and expenditure relating to the prize fund is shown in?

(a) Income and Expenditure Account
(b) Asset Side of the Balance Sheet
(c) Cash Account
(d) Liability Side of the Balance Sheet

• Which of the following is not a non-profit organization?

(a) College
(b) Sports Club
(c) Maruti Udyog
(d) Hospital

• Receipts and Payments Account generally shows?

(a) Surplus
(b) Capital Fund
(c) Debit Balance
(d) Credit Balance

• In non-profit making organisations, the excess of expenditure over income is called

(a) Loss
(b) Profit
(c) Deficit
(d) Surplus

• Life membership fees of non-trading organisations are

(a) Capital receipt
(b) Revenue receipt
(c) Both
(d) None

• In non-trading organisations the excess of assets over liabilities is called

(a) Capital fund
(b) Capital
(c) Profit
(d) None of these

• The profit/loss from realisation account is divided among the partners in?

(a) profit sharing ratio
(b) capital ratio
(c) realisation accounts
(d) none of these

• On dissolution of the firm, partner's loan account will be transferred to?

(a) Realisation account
(b) Partner's loan account
(c) Partner's current account
(d) None of these

• Life membership fees received by a club is shown in?

(a) Income and Expenditure Account
(b) Balance Sheet
(c) Receipts and Payments Account
(d) None of the above

• The total amount of liabilities includes

(a) Authorised capital
(b) Issued capital
(c) Called up capital
(d) Paid-up capital

• When the opening stock is Rs 50,000, closing stock is Rs 60,000 and cost of goods sold is Rs 2,20,000, the stock turnover ratio will be?

(a) 2 times
(b) 3 times
(c) 4 times
(d) 5 times

• On retirement of a partner, the capital account of the retiring partner will be credited with?

(a) his share of goodwill
(b) the goodwill of the firm
(c) the goodwill of the remaining partners
(d) None of the above

• Vertical analysis is considered as

(a) Static analysis
(b) Dynamic analysis
(c) Structural analysis
(d) None of these

Bihar Board Class 12 Accountancy Important Questions 2026 of 2 Marks

The 2-mark questions will be in Section B, where you will find a total of 30 short-answer-type questions, out of which you need to attend to any 15 questions. Answers must not exceed more than 40 to 60 words. Some of the important 2-mark questions that can come up in the upcoming Bihar Board 12th Accountancy exam 2026 are listed below:

• Differentiate between current ratio and quick ratio.
• What is Income and Expenditure Account?
• State four characteristics of a partnership business.
• Mention any four provisions of the Partnership Act applicable in the absence of a partnership deed.
• In case of dissolution of a firm, what entry is made when a partner takes over the property of the firm?
• Define goodwill and describe the factors affecting the value of goodwill.
• Differentiate between dissolution of partnership and dissolution of partnership firm.
• What is meant by "profit sharing ratio" at the time of retirement of a partner?
• What is the profit and loss account of a company?
• What is capital matching ratio?/ What is capital matching ratio?/ What is 'Solvency Ratio'?/ What is the current ratio?

Bihar Board Class 12 Accountancy Important Questions 2026 of 5 Marks

In Section B, apart from the 2 marks short answer type questions, there will be 8 long answer type questions. Each of the questions will carry 5 marks. Out of 8 questions, you will have to answer any 4 questions. Answers must not exceed 120 to 140 words. Some of the important 5-mark Bihar Board Class 12 Accountancy questions are as follows:

• A, B, and C are partners sharing profits in the ratio of 3 : 2 : 1. They admitted D for 1/6 share. It was agreed that C's share will not be complete. Calculate the new ratio.
• Explain the difference between dissolution of partnership and dissolution of firm.
• A, B, and C are equal partners. Their fixed capital on 1st April, 2015 was A Rs. 10,000, B Rs. 20,000, or C Rs. 30,000. Profit of Rs. 12,000 for the year 2015-16 was shared. Pass the necessary journal entry if interest on capital is credited at 10% per annum instead of the same 12% per annum.
• Give journal entries for the following:
  (i) A company purchased assets of X Ltd. for Rs. 2,00,000 and issued 6% debentures of Rs. 100 each as payment.
  (ii) A company purchased assets of Y Ltd. worth Rs. 2,20,000. The purchase price was paid by issuing 6% debentures of Rs. 100 each at a premium of 10.
  (iii) A company purchased assets of Z Ltd. worth Rs. 1,80,000. The company issued fully paid debentures of Rs. 100 each at a discount of 10%.
• What is a cash flow statement? Explain any four of its objectives.
• What is called realization account? Prepare the format of realization account.
• On the basis of the following Revenue and Reconciliation Account and Balance Sheet, prepare the Income and Expenditure Account as on 31st March, 2017.
• When shares are issued at premium, make necessary journal entries for it.

Also Check Bihar Board Class 12 Accountancy Model Papers 2025-26

Which Chapters have more Weightage in Bihar Board Class 12 Accountancy?

In the Bihar Board Class 12 Accountancy syllabus 2025-26, the units that will carry the maximum weightage are the Dissolution of Partnership, Reconstitution of Partnership, Statement of Changes in Financial Position, and Accounting for Shares and Debenture Capital. The first unit will carry 25 marks, followed by the second two units, which will carry 20 marks and the fourth unit will carry 12 marks in the exam. You can emphasize these topics more, as these are the important units for the academic year 2025-26. You can get questions from these areas. Both objective and subjective types of questions may come from these topics.

Based on the questions that are given in this article, you can start your preparation for the upcoming exam. Try not to do suggestive study; complete the entire syllabus and then solve the Bihar Board Class 12 Accountancy previous year question papers.