Class 12 Accountancy Important Questions 2026
Accountancy is often the most feared subject in the Class 12 Commerce stream because of its lengthy numericals. However, the CBSE Board Exam follows a very specific blueprint. If you know which adjustments are “favorites” of the examiners, you can save hours of revision time.
Curated by Commastery, this list highlights the 20 most crucial concepts and questions that have a 90% chance of appearing in the 2026 exams.
Part A: Partnership & Company Accounts
1. Partnership Fundamentals & Reconstitution
- The “Past Adjustment” Table: Practice questions where interest on capital or drawings was omitted.
- Admission of a Partner: Mastering the “Hidden Goodwill” calculation and the adjustment of Capital accounts.
- Death of a Partner: Calculation of the deceased partner’s share of profit till the date of death using the “Time Basis” or “Sales Basis.”
2. Accounting for Companies (Shares)
- The Pro-Rata Master Question: Every year, an 8-mark (or 6-mark) question comes on Issue of Shares.
- Focus: Practice the “Forfeiture and Re-issue” of shares that were issued at a premium and allotted on a pro-rata basis.
Part B: Financial Statement Analysis
3. Cash Flow Statement (CFS)
- Indirect Method: You must practice one comprehensive question that includes:
- Provision for Tax (Account preparation).
- Proposed Dividend (Current vs. Previous year treatment).
- Sale/Purchase of Fixed Assets with Accumulated Depreciation.
4. Accounting Ratios
- Mixed Ratios: Practice questions where you find “Credit Revenue from Operations” using the Inventory Turnover Ratio and then calculate the Current Ratio.
🎁 Get the Solved PDF & Mock Tests
Knowing the questions is half the battle; knowing the step-by-step marking scheme is the other half.
To help you, we have uploaded Solved Sample Papers 2026 on the Commastery App. These include the “Topper’s Way” of presenting ledger accounts and journals.
👉 Download Commastery App for Solved Accountancy Papers
