CBSE Class 12 Accountancy Question Paper 2026 Set - 2 (67/5/2) is now available for download. CBSE conducted the Class 12 Accountancy examination on Feb 24, 2026, from 10:30 AM to 1:30 PM.
Also Check: CBSE Class 12 Question Paper 2026 (All Subjects)
The question paper consists of 34 questions carrying a total of 80 marks:
- Part A is compulsory for all candidates
- Part B has two options, and candidates have to attempt only one of the given options
- Option I : Analysis of Financial Statements
- Option II : Computerised Accounting
The Accountancy question paper 2026 was rated moderately difficult by the students.
CBSE Class 12 Accountancy Set - 2(67/5/2) Question Paper 2026 with Solution Pdf
| CBSE Official PDF | CD PDF | CD PDF with Solutions |
|---|---|---|
| Download official PDF 2.59 MB | Download Collegedunia PDF 0.34 MB | Download solutions PDF 0.39 MB |
CBSE Class 12 Accountancy 2026 Set 2 (67/5/2) Questions with Solutions
Sujata and Laxmi were partners in a firm sharing profits and losses in the ratio of 2 : 1. On 1st April, 2025, they admitted Raghu as a new partner for 1/5th share in the profits of the firm. On the date of Raghu’s admission, it was found that the equipment is undervalued by ₹ 90,000. After revaluation, the Balance Sheet of Sujata, Laxmi and Raghu showed equipment at ₹ 3,00,000. The value of equipment shown in the books of the firm of Sujata and Laxmi before Raghu’s admission was :
Universal Ltd. took over machinery of ₹ 3,30,000, furniture of ₹ 1,60,000 and liabilities of ₹ 80,000 from Amol Ltd. for a purchase consideration of ₹ 4,50,000. The payment to Amol Ltd. was made by issue of 10% Debentures of ₹ 50 each at a discount of 10%. The number of debentures issued to Amol Ltd. was:
At the time of forfeiture of shares, ‘Share Capital Account’ is debited with:
Sushil and Sapna were partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2025, the firm was dissolved. On the date of dissolution there existed a balance of ₹ 1,20,000 in sundry creditors account. The sundry creditors were payable after three months. They were paid immediately at a discount of 12% p.a. The amount paid to sundry creditors was :
Aashree and Manvi were partners in a firm and their capitals were ₹ 6,00,000 and ₹ 4,00,000 respectively. Normal rate of return in a similar business was 15% and the goodwill of the firm was valued at ₹ 3,00,000. If goodwill was calculated at three years purchase of super profits, the average profits of the firm were :
Sudama, Sharma and Varun were partners in a firm sharing profits and losses in the ratio of 6 : 4 : 3. Sharma retired from the firm on 31st March, 2025. The gaining ratio of Sudama and Varun will be:
Hari, Murari and Abhi were partners in a firm sharing profits and losses in the ratio of 8 : 7 : 4. Murari retired from the firm on 31st March, 2025. Hari and Abhi decided to share profits in the future in the ratio of 2 : 1. The gaining ratio of Hari and Abhi was:
Munna and Sonu were partners in a firm sharing profits and losses in the ratio of 4:1. Their fixed capitals were Rs 40,00,000 and Rs 30,00,000 respectively. During the year ended 31st March, 2025, Munna withdrew Rs 50,000 for personal use. Interest on drawings was to be charged @ 6% p.a. The journal entry for charging interest on Munna's drawings will be:
Naisha, Mansi and Aakash were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 2. On 1st January, 2025, Aakash advanced a loan of ₹ 3,00,000 to the firm. In the absence of a partnership deed, the amount of interest on loan due to Aakash on 31st March, 2025 will be :
Guru and Prakash were partners in a firm sharing profits and losses in the ratio of 7:3. They admitted Anu as a new partner for 1/4th share in the profits of the firm. On the date of Anu's admission, the Profit and Loss Account of Guru and Prakash showed a credit balance of Rs 40,000. The necessary journal entry for its treatment will be:
Samta, Mamta and Geeta were partners in a firm sharing profits and losses in the ratio of 11:5:4. On 31st March, 2025 Samta died. On Samta's death, the goodwill of the firm was valued at Rs 1,80,000. The necessary journal entry for the treatment of goodwill on Samta's death will be:
Reserve capital is that portion of the ______________ capital that can be called only in the event of winding up of the company.
The debentures which do not carry a specific rate of interest are known as:
John, Honey and Racob were partners in a firm sharing profits and losses equally. On 31st July, 2025 John died. His share in the profits of the firm from the date of last balance sheet till the date of his death will be:
Shashi, Maya and Komal were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. On 31st March, 2025 Komal retired. The new profit sharing ratio between Shashi and Maya was decided as 3 : 5. The gain or sacrifice of Shashi and Maya on Komal's retirement was :
On 1st April, 2024, EE Ltd. issued 3,000, 9% Debentures of ₹ 50 each at a premium of 5%, redeemable at a premium of ₹ 10 per debenture after five years. Interest on the debentures was to be paid on half-yearly basis on 30th September and 31st March. Interest on debentures for the year ended 31st March, 2025 will be:
Arora and Gurmeet were partners in a firm sharing profits and losses in the ratio of 3 : 2. Starting from 1st October, 2024 Arora withdrew ₹ 30,000 at the beginning of each quarter for his personal use. Interest on drawings was to be charged @ 12% per annum. Interest on Arora's drawings for the year ended 31st March, 2025 was:
There are two statements Assertion (A) and Reason (R):
Assertion (A): At the time of admission of a new partner in a partnership firm, the newly admitted partner brings an agreed amount of capital either in cash or in kind.
Reason (R): On admission, the new partner gets the right to acquire share in the assets and profits of the partnership firm.
Choose the correct option from the following:
Merak Ltd. forfeited 6,000 equity shares of ₹10 each for non-payment of final call of ₹3 per share. The minimum amount per share at which these shares can be reissued will be:
Nori Ltd. issued 20,000, 11% debentures of ₹ 100 each at a premium of 10%, redeemable at a premium of 5%. Loss on issue of debentures account will be debited by :
Anchal, Prabhat and Karan were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. On 31st March, 2025, Anchal retired. The balance in her capital account after making the necessary adjustments on account of reserves and revaluation of assets and reassessment of liabilities was ₹ 5,10,000. Anchal was paid ₹ 5,90,000 in full settlement of her claim. The value of goodwill of the firm on the date of Anchal’s retirement was :
Kiara Ltd. purchased assets worth ₹ 12,40,000 and took over liabilities of ₹ 3,40,000 of Amrex Ltd. for a purchase consideration of ₹ 11,00,000. Kiara Ltd. paid half the amount by cheque. The balance amount was settled by issuing 9% debentures of ₹ 100 each at a premium of 10%.
Pass necessary journal entries for the above transactions in the books of Kiara Ltd.
On 1st April, 2024, Zara Ltd. issued 8,000, 9% Debentures of ₹ 100 each at a discount of 10%. The company had a balance of ₹ 50,000 in the Securities Premium Account on the same date.
Pass necessary journal entries for the issue of debentures and to write off discount on issue of debentures.
Aastha, Diya and Mohit were partners in a firm sharing profits and losses in the ratio of 5:3:2. On 31st March, 2025 their Balance Sheet was as follows:
| Liabilities | Amount (Rs) | Assets | Amount (Rs) |
| Capitals: Aastha 2,20,000 Diya 3,10,000 Mohit 4,00,000 | 9,30,000 | Patents | 2,50,000 |
| General Reserve | 50,000 | Land and Building | 4,76,000 |
| Creditors | 20,000 | Stock | 1,34,000 |
| Debtors | 95,000 | ||
| Cash at bank | 45,000 | ||
| Total | 10,00,000 | Total | 10,00,000 |
Aastha retired from the firm on the above date on the following terms:
(i) Goodwill of the firm was valued at Rs 2,00,000 and the same was to be treated without opening goodwill account.
(ii) Revaluation of assets and reassessment of liabilities resulted in a loss of Rs 60,000.
(iii) Amount payable to Aastha was transferred to her loan account.
Pass necessary journal entries for goodwill, general reserve and revaluation of assets and reassessment of liabilities on Aastha's retirement.
Namita, Narendra and Kunwar were partners in a firm sharing profits and losses in the ratio of 3 : 1 : 1. The firm closes its books on 31st March every year. Kunwar died on 30th September, 2025. His share in the profits of the firm from 1st April, 2025 to 30th September, 2025 was calculated as per the provisions of the partnership deed which amounted to ₹ 15,600. On the date of Kunwar's death, the Balance Sheet of the firm showed General Reserve of ₹ 40,000 and Profit and Loss Account (Dr.) ₹ 80,000. Pass necessary journal entries on Kunwar's death in the books of the firm.
Anita, Gaurav and Suresh were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 3. On 1st April, 2025, Gaurav retired. On the date of Gaurav's retirement, there existed a balance of ₹ 1,50,000 in Workmen's Compensation Fund. Pass the necessary journal entries for treatment of Workmen's Compensation Fund on Gaurav's retirement in each of the following cases: (i) Claim on account of Workmen's Compensation was estimated at ₹ 2,00,000. (ii) Claim on account of Workmen's Compensation was estimated at ₹ 1,20,000. (iii) Claim on account of Workmen's Compensation was estimated at ₹ 1,50,000.
Pass necessary journal entries for issue of debentures for the following transactions: (i) AS Ltd. issued 60,000, 9% Debentures of ₹ 100 each at a premium of 10%, redeemable at a premium of 5%. (ii) WS Ltd. issued 30,000, 9% Debentures of ₹ 100 each at par, redeemable at a premium of 10%.
Jain and Gupta were partners in a firm sharing profits and losses in the ratio of 3 : 1. On 1st April, 2024, Agarwal was admitted as a new partner for 1/5th share in the profits of the firm with a minimum guaranteed amount of ₹ 75,000. Any deficiency arising out of this account will be borne by Jain and Gupta in the ratio of 1 : 3. During the year ended 31st March, 2025, the firm earned a net profit of ₹ 3,00,000. Prepare Profit and Loss Appropriation Account of Jain, Gupta and Agarwal for the year ended 31st March, 2025.
Annu, Bandhu, Sheelu and Golu were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2 : 1. On 1st April, 2025, they decided to share the future profits equally. For this purpose the goodwill of the firm was valued at ₹ 4,00,000. Calculate gain or sacrifice of the partners on change in profit sharing ratio and pass a single adjustment journal entry for the treatment of goodwill.
Asha and Indra were partners in a firm sharing profits and losses in the ratio of 3:2. Their Balance Sheet on 31st March, 2025 was as following:
| Liabilities | Amount (Rs) | Assets | Amount (Rs) |
| Capitals: Asha 4,00,000 Indra 3,00,000 | 7,00,000 | Plant and Machinery | 4,05,000 |
| General Reserve | 50,000 | Furniture | 1,20,000 |
| Creditors | 20,000 | Debtors 80,000 less Provision 4,000 | 76,000 |
| Stock | 1,54,000 | ||
| Cash at bank | 15,000 | ||
| Total | 7,70,000 | Total | 7,70,000 |
On 1st April, 2025, Suraj was admitted for 1/4 share in the profits of the firm on the following terms:
(i) Suraj will bring capital proportionate to his share in the profits of the firm.
(ii) Goodwill of the firm was valued at Rs 1,00,000 and Suraj will bring his share of goodwill premium in cash.
(iii) Furniture was taken over by Asha at Rs 1,00,000.
(iv) A liability of Rs 5,000 included in creditors was not likely to arise.
(v) Plant and Machinery was revalued at Rs 4,35,000.
Prepare Revaluation Account and Partners' capital accounts on Suraj's admission. Show the calculation of proportionate capital clearly.
Ajanta Ltd. invited applications for issuing 30,000 equity shares of ₹ 10 each at a premium of ₹ 5 per share. The amount was payable as follows:
On Application and Allotment – ₹ 10 per share (including premium)
On first and final call – Balance
Applications for 50,000 shares were received. Applications for 10,000 shares were rejected and their application money was refunded. Pro-rata allotment was made to the remaining applicants.
Excess money received with application was adjusted towards sums due on first and final call. Sonu, an applicant of 4,000 shares, paid his entire share money with application. Vedika, to whom 300 shares were allotted, failed to pay the first and final call. After giving her the mandatory notice, her shares were forfeited.
Pass necessary journal entries for the above transactions in the books of Ajanta Ltd.
Rao Ltd. forfeited 750 equity shares of ₹ 10 each for non-payment of first call of ₹ 3 per share (including premium of ₹ 1 per share). The second and final call of ₹ 3 per share was not yet made. Of the forfeited shares, 500 were re-issued for ₹ 2,500, ₹ 7 per share paid-up. Pass necessary journal entries for the above transactions in the books of Rao Ltd.
Lily Ltd. forfeited 2,000 equity shares of ₹ 10 each for non-payment of first and final call of ₹ 2 per share. 750 of the forfeited shares were reissued to Ashok for ₹ 10,000 as fully paid-up. The remaining shares were reissued to Sudha at ₹ 9 per share fully paid-up. Pass necessary journal entries for the above transactions in the books of Lily Ltd.
Promil, Kamlesh and Ritika were partners in a firm sharing profits and losses in the ratio of 5:3:2. From 1st April, 2025 they decided to share future profits in the ratio of 2:3:5. On 31st March, 2025, their Balance Sheet was as follows:
| Liabilities | Amount (Rs) | Assets | Amount (Rs) |
| Sundry Creditors | 3,00,000 | Bank | 1,80,000 |
| General Reserve | 1,60,000 | Sundry Debtors | 1,20,000 |
| Capitals: Promil 2,80,000 Kamlesh 2,20,000 Ritika 1,40,000 | 6,40,000 | Stock | 2,40,000 |
| Land and Building | 5,60,000 | ||
| Total | 11,00,000 | Total | 11,00,000 |
It was agreed that:
(i) Land and Building will be valued at Rs 6,62,000.
(ii) A provision of 5% on debtors will be made for bad and doubtful debts.
(iii) Goodwill of the firm will be valued at Rs 1,80,000 and the same will be treated without opening goodwill account.
(iv) The value of stock will be reduced to Rs 2,00,000.
Showing your working clearly, pass necessary journal entries for the above transactions in the books of the firm.
Mr. Rinku and Mrs. Pinky were partners in a firm sharing profits and losses in the ratio of 3:2. On 31st March, 2025, their balance sheet was as follows:
| Liabilities | Amount (Rs) | Assets | Amount (Rs) |
| Creditors | 86,000 | Cash at Bank | 43,000 |
| Mrs. Rinku's Loan | 20,000 | Stock | 20,000 |
| Pinky's Husband's Loan | 30,000 | Investments | 30,000 |
| Investment Fluctuation Fund | 12,000 | Debtors 50,000 less Provision 5,000 | 45,000 |
| General Reserve | 30,000 | Building | 3,40,000 |
| Capitals: Mr. Rinku 1,00,000 Mrs. Pinky 2,00,000 | 3,00,000 | ||
| Total | 4,78,000 | Total | 4,78,000 |
On the above date the firm was dissolved and the following transactions took place:
(i) Mr. Rinku agreed to pay Mrs. Rinku's loan and took away stock for Rs 16,000.
(ii) Mrs. Pinky took half of the investments at 10% less. Debtors realised Rs 44,000, Building realised Rs 4,00,000, Creditors were paid Rs 5,000 less and the remaining investments were sold for Rs 19,000. An old furniture not recorded in the books of the firm was taken over by Mrs. Pinky for Rs 18,000. Realisation expenses amounted to Rs 6,000.
Prepare Realisation Account.
Comprehension:
Diwan Ltd. was registered with an authorised capital of Rs 1,00,00,000, divided into 1,00,000 equity shares of Rs 100 each. The company invited applications for issuing 50,000 shares. The amount was payable as follows: On Application and Allotment - Rs 30 per share;
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On First call - Rs 40 per share; On Second and Final call - balance. The issue was fully subscribed. All amounts were duly received except from Nawal, a shareholder holding 700 shares, who failed to pay the second and final call. His shares were forfeited.'Share Forfeiture Account' will appear in the 'Notes to Accounts' at:
The amount of 'Share Capital' presented in the Balance Sheet of Diwan Ltd. will be:
If all the forfeited shares are reissued at Rs 30 per share, fully paid-up, the amount transferred to 'Capital Reserve' will be:
During the year ended 31st March, 2025, H.P. Ltd. paid an interim dividend of ₹ 50,00,000. From the following, choose the correct option for the purpose of preparing 'Cash Flow Statement':
Which of the following is a financing activity for the purpose of preparing a Cash Flow Statement?
The following information is obtained from the books of Devdutt Ltd. :
Working capital - ₹ 4,00,000
Trade Payables - ₹ 50,000
Other Current liabilities - ₹ 1,00,000
Current assets of Devdutt Ltd. are :
From the following information obtained from the books of accounts of Ananda Ltd., calculate 'Quick Ratio' of the company: Total Current Assets (including stock and prepaid expenses) ₹ 2,00,000; Stock ₹ 20,000; Prepaid expenses ₹ 10,000; Current liabilities ₹ 1,70,000.
'Analysis of financial statements is useful and significant to different users.' Which of the following users is concerned with a firm's long-term solvency and survival?
Statement I: In case of non-financial enterprises, payment of interest and dividend are classified as financing activities. Statement II: In case of financial enterprises, payment of interest and dividend are classified as investing activities. Choose the correct option from the following:
Under which major head and sub-heads (if any) will the following items be presented in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013?
(i) Demand deposits with banks
(ii) Long-term loans
(iii) Livestock
The following information was extracted from the Statement of Profit and Loss of Chaman Ltd. for the year ended 31st March, 2025:
| Particulars | 31.3.2025 (Rs) | 31.3.2024 (Rs) |
| Revenue from operations | 40,00,000 | 32,00,000 |
| Employee Benefit Expenses | 20,00,000 | 16,00,000 |
| Other Expenses | 2,00,000 | 4,00,000 |
| Tax Rate | 50% |
Prepare a Comparative Statement of Profit and Loss.
'Net Asset Turnover ratio' of a company is 2 times. State with reason whether the following transactions will increase, decrease or not affect the ratio:
(i) Cash sales Rs 3,00,000
(ii) Issue of equity shares Rs 10,00,000
(iii) Issue of 9% debentures Rs 5,00,000
(iv) Credit purchase of goods Rs 50,000
From the following information, calculate 'Proprietary Ratio' and 'Debt-to-Equity Ratio':
| Equity Share Capital | Rs 3,00,000 |
| Preference Share Capital | Rs 1,00,000 |
| Reserves and Surplus | Rs 1,00,000 |
| Plant and Machinery | Rs 3,50,000 |
| Non-Current Investments | Rs 1,00,000 |
| Current Assets | Rs 2,00,000 |
| Long-term Borrowings | Rs 1,50,000 |
From the following information obtained from the books of 'Ajanta Ltd.', calculate Cash from Operations:
Net Profit for the year ended 31st March, 2025 after charging depreciation of Rs 80,000 and after writing off goodwill Rs 10,500 was Rs 4,90,000.
Additional Information:
| Particulars | 31.3.2024 (Rs) | 31.3.2025 (Rs) |
| Inventories | 1,00,000 | 1,50,000 |
| Trade receivables | 2,00,000 | 2,25,000 |
| Prepaid insurance | 20,000 | 15,000 |
| Accrued interest | 40,000 | 30,000 |
| Other current assets | 90,000 | 1,40,000 |
| Trade payables | 2,00,000 | 1,70,000 |
| Outstanding expenses | 12,000 | 8,500 |
| Rent received in advance | - | 10,000 |
#NAME? Error indicates:
Which of the following statements best describes the purpose of a data vault in an accounting software?
The PMT function in MS Excel is used to:
How is navigation conducted from the first to the last cell in a cluster of data in a column by skipping all the cells in between?
Which of the following is not a feature of Tailored accounting software?
When an arithmetic expression or function is executed, the value produced is known as:
State any three limitations of Computerised Accounting System.
What is meant by codification? Explain the meaning of mnemonic codes with the help of an example.
Give the meaning of the following:
(i) Cell reference
(ii) Relative cell reference
(iii) Absolute cell reference
(iv) Mixed cell reference
Explain various options available to a user to change the shape outline of a chart element to improve its visual appearance.
CBSE Class 12 Accountancy Question Paper Pattern and Marking Scheme
The CBSE Class 12 Accountancy 2026 theory paper is of 80 marks and has 34 questions, all compulsory: Part A (60 marks) is common and Part B (20 marks) has two options, Option I (Analysis of Financial Statements) and Option II (Computerised Accounting), of which a candidate attempts only one. Internal choice (OR) is given in several questions. The tables below give the paper pattern and the marking rules from the official CBSE question paper and marking scheme.
CBSE Class 12 Accountancy Question Paper Pattern 2026
| Part | Questions | Question Type | Marks per Question | Marks |
|---|---|---|---|---|
| Part A | Q1 - Q16 | Multiple choice questions (MCQs) | 1 | 16 |
| Part A | Q17 - Q20 | Short answer questions | 3 | 12 |
| Part A | Q21 - Q22 | Short answer questions | 4 | 8 |
| Part A | Q23 - Q25 | Long answer questions | 6 | 18 |
| Part A | Q26 | Case-based questions (6 MCQs of 1 mark each) | 1 | 6 |
| Part B | Q27 - Q30 | Multiple choice questions (MCQs) | 1 | 4 |
| Part B | Q31 - Q32 | Short answer questions | 3 | 6 |
| Part B | Q33 | Short answer questions | 4 | 4 |
| Part B | Q34 | Long answer questions | 6 | 6 |
| Total | 34 questions | 80 |
CBSE Class 12 Accountancy Marking Scheme 2026
| Marking point | How it is applied |
|---|---|
| Value-point marking | Marks are awarded against the value points (steps) given in the official marking scheme; the marks of an answer are split across its parts and value points. |
| Own expression | The marking scheme carries suggested value points only. A correct answer in the student's own words is awarded due marks. |
| Competency-based questions | If a competency-based answer is not from the marking scheme but shows the correct competency, due marks are awarded. |
| Errors | An error is penalised only once; no marks are deducted for its cumulative effect. |
| Incorrect answer | A totally incorrect answer is awarded zero (0) marks. |
| Choice (OR) questions | If both options of a question with internal choice are attempted, marks are awarded for both and the higher score is taken; if only one option is attempted, the other is marked NA (not attempted). |
| Part B options | If a candidate attempts both Option I and Option II of Part B, the higher of the two scores is taken and the other response is disregarded. |
| Scale of marks | The full scale of 0 to 80 marks is used and full marks are awarded whenever the answer deserves them. |
CBSE Class 12 Accountancy Unit-Wise Weightage
| Part | Units / Chapters | Marks |
|---|---|---|
| Part A – Accounting for Partnership Firms and Companies (60 Marks) | Fundamentals of Partnership Firms | 6 |
| Reconstitution of Partnership (Admission, Retirement, Death, Change in Ratio) | 18 | |
| Dissolution of Partnership Firm | 6 | |
| Accounting for Share Capital | 8 | |
| Accounting for Debentures | 12 | |
| Total Part A | — | 60 |
| Part B – Financial Statement Analysis OR Computerised Accounting (20 Marks) | Analysis of Financial Statements (including Cash Flow Statement, Ratio Analysis) OR Computerised Accounting | 20 |
| Total Part B | — | 20 |
| Part C – Project Work | Project File (12) + Viva Voce (8) | 20 |
| Grand Total | — | 100 |
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