Class 12 Accountancy Question Bank & Solutions (2025-26)

Accountancy is not just about debit and credit; it is about speed, accuracy, and understanding the logic behind every transaction. Welcome to the Commastery Class 12 Accountancy Question Bank, the most comprehensive practice resource for commerce students in India.

Whether you are confused by Partnership Goodwill adjustments or struggling to balance the Cash Flow Statement, our curated MCQs and solutions by Runi Sir will help you clear your concepts. This content is strictly aligned with the NCERT Syllabus for CBSE and State Boards (HBSE/UP/Raj).

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Before practicing, check the official Class 12 Accountancy Syllabus & Weightage

Part A: Accounting for Partnership & Companies

This section carries the maximum weightage in your Board Exams. Our question bank breaks down complex numericals into step-by-step logical solutions.

Unit 1: Accounting for Partnership Firms

Fundamentals: Profit & Loss Appropriation A/c, Past Adjustments, and Guarantee of Profit.
Goodwill: Valuation methods (Average Profit, Super Profit, Capitalization).
Reconstitution: Change in PSR, Admission, Retirement, and Death of a Partner.
Dissolution: Realisation Account and settlement of accounts.

Unit 2: Accounting for Companies

Issue of Shares: Pro-rata allotment, Forfeiture, and Re-issue of Shares (Most Important Topic).
Issue of Debentures: Issue at par/premium/discount and Redemption logic.

Part B: Financial Statement Analysis

Often ignored by students, Part B is the key to scoring 100/100. Our Class 12 Accountancy Question Bank simplifies the formats and formulas required here.

Unit 3: Analysis of Financial Statements

Financial Statements of a Company: Balance Sheet format (Schedule III Part I) and P&L Statement format.
Accounting Ratios: Liquidity, Solvency, Activity, and Profitability Ratios. *

Unit 4: Cash Flow Statement (CFS)

Concept: Operating, Investing, and Financing Activities.
Practice Focus: Handling adjustments for Depreciation, Tax, and Dividend.

Why Our Accountancy Solutions are Best?

1. Speed & Accuracy Tricks

In Accountancy exams, time is the enemy. Our notes include “Runi Sir’s Special Tricks” to calculate ratios and goodwill faster without long rough work.

2. Theory + Numerical Blend

The new CBSE Exam Pattern includes theoretical MCQs (e.g., “What is the nature of Goodwill?”). We cover these conceptual questions alongside the heavy numericals.

3. Missing Figure Questions

A new trend in Board Exams is “Fill in the Missing Figure” in Ledger Accounts. We have a dedicated section in our Question Bank for these tricky problems.

Frequently Asked Questions (Accountancy)

Is the Commastery Question Bank enough for numericals?

Yes. We cover all types of adjustments found in standard textbooks like TS Grewal or DK Goel. However, Accountancy requires writing practice. We suggest solving our questions in a physical notebook.

Do you cover Computerised Accounting?

Currently, our primary focus is on the Core Accountancy syllabus (Partnership & Companies). Computerised Accounting notes will be added in a future update.

How do I handle “Pro-rata” questions?

Our App provides a unique “Table Method” explanation for Pro-rata allotment questions which makes the calculation of “Amount Received on Allotment” very easy.

Before practicing, check the official Class 12 Accountancy Syllabus & Weightage