Class 12 AccountancyImportant Questions for Board Exams 2025-26
19
Total Questions
15
Long Answer
3
Short Answer
Accounting for Partnership Firms — Fundamentals
2 questionsPrepare a Profit and Loss Appropriation Account given the following data: [table]
What is the difference between fixed and fluctuating capital method?
Reconstitution of Partnership — Admission
2 questionsX and Y are partners in 3:2 ratio. Z is admitted for 1/5th share. Calculate the new profit sharing ratio and sacrificing ratio.
Prepare the Revaluation Account and Partners' Capital Accounts on admission of Z into a firm.
Reconstitution — Retirement and Death
2 questionsA, B and C are partners in 5:3:2 ratio. C retires. Find the gaining ratio and new profit sharing ratio.
Prepare necessary accounts on the retirement of a partner.
Dissolution of Partnership Firm
2 questionsPrepare a Realisation Account, Partners' Capital Accounts and Cash/Bank Account for dissolution of a firm.
What is the order of payment on dissolution of a firm?
Share Capital
2 questionsPass journal entries for issue of 10,000 shares at ₹10 each, ₹3 on application, ₹4 on allotment, ₹3 on call.
What is forfeiture of shares? What are the journal entries for forfeiture and reissue?
Debentures
2 questionsWhat is the difference between shares and debentures?
Give journal entries for issue of 500 debentures of ₹100 each at 10% discount.
Financial Statements of a Company
1 questionsPrepare a Balance Sheet of a company from the given trial balance and adjustments.
Analysis of Financial Statements
2 questionsPrepare a Comparative Balance Sheet from the given data.
What are the limitations of financial statement analysis?
Accounting Ratios
2 questionsCalculate the Current Ratio and Quick Ratio from the given balance sheet.
A company's gross profit is ₹2,00,000 and net sales are ₹8,00,000. Calculate the gross profit ratio.
Cash Flow Statement
2 questionsPrepare a Cash Flow Statement from the given Balance Sheet and additional information.
What is the difference between cash flow from operating and investing activities?
Frequently Asked Questions
Which are the most important questions in Class 12 Accountancy for CBSE board exam?
All 19 questions listed here are selected based on CBSE board exam frequency and marks weightage. Prioritise long-answer (5-mark) questions first — 15 questions here — as they carry the most marks. Short-answer questions (3 here) are next. Together they cover the questions most likely to appear.
Is it enough to study only important questions for CBSE Class 12 Accountancy?
Practising these 19 important questions gets you to 70–75% marks. For 85%+, also read chapter summaries and attempt at least one full sample paper under timed conditions. Use these important questions as your minimum baseline, not your ceiling.
How should I write answers in CBSE Class 12 Accountancy board exam?
For 1-mark questions: one direct sentence — no elaboration needed. For 3-mark questions: 3 clearly numbered points, each 1–2 lines. For 5-mark questions: brief intro + 4–5 numbered points with subject-specific keywords + 1-line conclusion. CBSE examiners look for keywords in marking schemes — structure your answers around them.
How many questions come from each chapter in Class 12 Accountancy CBSE board exam?
CBSE doesn't publish a fixed chapter-wise distribution, but chapters with more important questions listed here have historically appeared more frequently in board papers. Focus extra time on chapters with 5 or more questions — those chapters consistently carry high marks.