The NCERT Class 12 Accountancy page on Collegedunia (2026-27 syllabus) offers four NCERT resource types in one place: NCERT Solutions, Notes, NCERT Book PDF, and Handwritten Notes.
NCERT Class 12 Accountancy Resources
The page covers 10 chapters in total. That is 4 Part 1 chapters on Partnership Accounts and 6 Part 2 chapters on Company Accounts plus Analysis of Financial Statements.
- Chapters covered: 10 chapters across the CBSE 2026-27 Class 12 Accountancy syllabus
- Resource types: 4 resource types per chapter - Solutions, Notes, NCERT Book PDF, Handwritten Notes
- Books covered: NCERT Part 1 (Accounting for Partnership Firms and Companies) plus NCERT Part 2 (Company Accounts and Analysis of Financial Statements)
- Exam alignment: CBSE Class 12 Accountancy theory paper (80 marks) plus CUET-UG Accountancy domain paper
Subject experts make every Class 12 Accountancy resource on Collegedunia. Each one maps to the 2026-27 NCERT and is checked against the last five years of CBSE Board Accountancy papers.
All NCERT Class 12 Accountancy Resource Listings
Browse every resource type for Class 12 Accountancy in one place. Each card below opens its own listing page. That page links to all 14 chapters for that resource type, the combined all-chapters PDF, and the 2026-27 NCERT alignment notes.
| Resource | What it gives you | Open all chapters |
|---|---|---|
| NCERT Solutions | Step-by-step worked answers to every back-exercise question across Part 1 (Partnership) and Part 2 (Company Accounts + Analysis) chapters, with working notes shown separately. | Open Class 12 Accountancy NCERT Solutions |
| Notes | Chapter-wise revision notes. They shrink each Part 1 and Part 2 chapter into journal-entry templates, formula boxes, and Schedule III references. | Open Class 12 Accountancy Notes |
| NCERT Book PDF | The official 2026-27 NCERT Part 1 and Part 2 chapters, downloadable chapter by chapter, with the in-chapter Illustrations and back-exercise included. | Open Class 12 Accountancy NCERT Book PDF |
| Handwritten Notes | Notebook-style revision notes with hand-drawn journal templates, Schedule III Balance Sheets, ratio formula boxes, and Cash Flow classification tables. | Open Class 12 Accountancy Handwritten Notes |
Class 12 Accountancy Quick Video Walkthrough
Source: Magnet Brains on YouTube
NCERT Class 12 Accountancy Topic Map (2026-27 NCERT)
How the 10 chapters group across the two NCERT books and the four CBSE units.
| Part / Unit | Chapters | What this unit covers |
|---|---|---|
| Part A, Unit 1: Accounting for Partnership Firms | Ch 1, Ch 2, Ch 3, Ch 4 (Part 1) | Partnership deed, profit sharing ratio, capital accounts (fixed and fluctuating), goodwill treatment, sacrificing ratio, gaining ratio, revaluation of assets and liabilities, admission, retirement, death and dissolution of a partnership firm. The 35-mark Part A backbone of the paper. |
| Part A, Unit 2: Accounting for Companies | Part 2 Ch 1, Ch 2 | Issue, forfeiture and reissue of shares, oversubscription and undersubscription, issue of debentures (at par, premium, discount), redemption of debentures by various methods (lump sum, draw of lots, conversion, purchase). 25 marks of the Part A block. |
| Part B, Unit 3: Analysis of Financial Statements | Part 2 Ch 3, Ch 4, Ch 5 | Financial Statements of a Company as per Schedule III of the Companies Act 2013, tools of financial statement analysis (comparative, common-size statements), liquidity, solvency, activity and profitability ratios. 12 marks of Part B. |
| Part B, Unit 4: Cash Flow Statement | Part 2 Ch 6 | Cash Flow Statement preparation as per AS-3 (Revised) using the indirect method; classification into operating, investing and financing activities; treatment of provisions and non-cash items. 8-mark long answer slot. |
NCERT Class 12 Accountancy Deleted Syllabus 2026-27
The examination authority has trimmed the NCERT 2026-27 syllabus for Class 12 Accountancy. This cuts the study load for CBSE Boards and CUET. The topics below are officially out of the 2026-27 question paper, so skip them while revising.
| Chapter | Deleted Topics (2026-27) |
|---|---|
| Partnership Fundamentals (Part 1, Ch 1) | Some sub-topics on past adjustments and rectification of errors trimmed; profit-sharing and interest-on-capital retained. |
| Goodwill Treatment (Part 1, Ch 2-3) | Capitalisation method of goodwill valuation (one of three methods) removed; average-profit and super-profit methods retained. |
| Retirement and Death of a Partner (Part 1, Ch 4) | Joint-life policy treatment (sub-parts) removed; gaining ratio and revaluation retained. |
| Issue and Redemption of Debentures (Part 2, Ch 2) | Debentures issued as collateral security - detailed journal entries trimmed. |
| Analysis of Financial Statements (Part 2, Ch 4-5) | Some ratio analysis sub-cases (turnover ratios) removed; profitability and liquidity ratios retained. |
| Cash Flow Statement (Part 2, Ch 6) | Indirect method - some adjustments around extraordinary items removed; direct-vs-indirect comparison retained. |
The chapter-wise resources in the All Chapters index above already mark every deleted line inline. So you will not waste revision hours on dropped topics.
Class 12 Accountancy Chapter-wise Important Questions
The five chapter clusters below carry most of the CBSE 2026 Class 12 Accountancy paper. They repeat almost every year. The first column lists the long-answer topics that come up as 3-mark and 5-mark questions. The second column lists the application questions that appear as 1-3 mark numericals, MCQs, and case studies in CBSE and CUET UG.
| Chapter Cluster | Important Theory / Long Answers (4-6 marks) | Important Numerical / Practical Problems (3-4 marks) |
|---|---|---|
| Partnership Fundamentals (Part 1, Ch 1-2) | 1. Profit-and-loss appropriation account format. 2. Interest on capital and drawings - rules. 3. Guarantee of profit to a partner. | Calculation of new profit-sharing ratio, distribution of profit with past adjustments, partner's capital account preparation. |
| Goodwill and Reconstitution (Part 1, Ch 3-5) | 1. Average-profit and super-profit valuation methods. 2. Treatment of goodwill on admission of a partner. 3. Revaluation account on retirement. | Sacrificing ratio and gaining ratio calculation, treatment of unrecorded assets / liabilities, capital adjustment after admission. |
| Dissolution of Partnership Firm (Part 1, Ch 6) | 1. Realisation account format and process. 2. Treatment of partner's loan and unrecorded items. 3. Insolvency of a partner - Garner v Murray. | Realisation A/c preparation, payment to partners in dissolution, ranking of claims. |
| Company Accounts - Shares and Debentures (Part 2, Ch 1-2) | 1. Issue of shares at par / premium / discount. 2. Forfeiture and re-issue of forfeited shares. 3. Redemption of debentures - methods. | Journal entries for share issue, share-capital balance sheet extract, debenture interest calculation. |
| Financial Statement Analysis (Part 2, Ch 3-6) | 1. Comparative and common-size statements. 2. Profitability and liquidity ratio formulae. 3. Cash flow statement (indirect method). | Ratio calculation from balance sheet data, cash flow from operating / investing / financing, interpretation questions. |
The same five clusters appear in CUET UG 2026 Accountancy with a near-identical split. Theory-heavy topics (goodwill, dissolution, debentures) fill the MCQ section. Ratio analysis and cash flow appear as case-study sets. The Expert's Solution tab on each chapter page shows the CUET-style multiple-choice method next to the CBSE board-style structured answer.
SUBJECT HUB · CLASS 12 ACCOUNTANCY
Class 12 Accountancy - Exam Weightage
Class 12 Accountancy is worth about 130 marks in total across CBSE Boards and CUET UG (Commerce domain). It is the base paper for B.Com, BBA, and CA / CS / CMA entry-route prep.
NCERT Class 12 Accountancy Weightage Snapshot (CBSE 2026 Theory Paper)
The 80-mark theory paper splits across four units. Part A (Partnership + Company Accounts) carries 60 marks. Part B (Financial Analysis + Cash Flow) carries 20.
| Unit | Chapters | CBSE Marks (2026) |
|---|---|---|
| Part A, Unit 1: Accounting for Partnership Firms | Ch 1, Ch 2, Ch 3, Ch 4 (Part 1) | 35 marks |
| Part A, Unit 2: Accounting for Companies | Part 2 Ch 1, Ch 2 | 25 marks |
| Part B, Unit 3: Analysis of Financial Statements | Part 2 Ch 3, Ch 4, Ch 5 | 12 marks |
| Part B, Unit 4: Cash Flow Statement | Part 2 Ch 6 | 8 marks |
| Theory paper total | 10 chapters across 2 parts | 80 marks |
| Project work (internal assessment) | n/a | 20 marks |
Class 12 Accountancy CBSE 2026 Paper Pattern Snapshot
The 80-mark CBSE Class 12 Accountancy theory paper runs 3 hours. It has two compulsory parts plus the internal-assessment project. Knowing the weight of each section is half your revision plan. Once you know which section a chapter feeds, you can pick the right resource. Use Notes for journal recall and NCERT Solutions for the practical long-answer working.
- Part A (60 marks): Accounting for Partnership Firms and Companies. Compulsory for every student. Covers all four Part 1 chapters (Partnership Accounts) plus the first two Part 2 chapters (Share Capital and Debentures). The 35-mark Partnership block alone supplies the bulk of the long-answer questions.
- Part B (20 marks): Analysis of Financial Statements. About 90% of CBSE Accountancy students pick this Part B option. It covers Part 2 Ch 3, Ch 4, Ch 5, and Ch 6. The Cash Flow Statement chapter alone carries an 8-mark long-answer slot.
- Part B alternative (20 marks): Computerised Accounting. Schools choose between Analysis of Financial Statements and Computerised Accounting at the start of the year. Most CBSE schools pick the first one, which is the default on this listing.
- Project work (20 marks internal assessment): this includes one full project (Segment Reporting, Cash Flow Statement, or Ratio Analysis) plus a viva. The school gives the marks with help from an external examiner.
- Calculator policy: CBSE does NOT allow calculators in the Class 12 Accountancy theory paper. You must work every percentage, ratio, depreciation calculation, and revaluation adjustment by hand. Build this skill through repeated practice from the NCERT back-exercise.
The 80-mark theory paper plus the 20-mark project make the 100-mark scheme. Part A gives 60 of those 80 marks. So getting strong at Ch 1 to Ch 4 (Partnership) plus Part 2 Ch 1 and Ch 2 (Share Capital, Debentures) is the best-value revision plan for any Accountancy student.
Where to Start with NCERT Class 12 Accountancy
Studying for the first time? Follow the NCERT order: Part 1 Ch 1 to Ch 4, then Part 2 Ch 1 to Ch 6. For revision, the shortlist below covers the highest-scoring long-answer slots:
- Ch 1 Accounting for Partnership: Basic Concepts (foundational): the partnership-deed framework that every later Part 1 chapter reuses.
- Ch 2 Admission of a Partner: the largest individual chapter; goodwill, capital adjustment, and revaluation combined.
- Ch 3 Retirement / Death of a Partner: gaining ratio, partner's loan, executor's account; mirror to Ch 2.
- Part 2 Ch 1 Share Capital: Company Accounts entry point; issue, allotment, forfeiture, reissue.
- Part 2 Ch 5 Accounting Ratios: every ratio category in one chapter; formula-driven and high-yield.
- Part 2 Ch 6 Cash Flow Statement: the guaranteed 8-mark Part B long-answer slot.
Which Resource Should You Use When?
Each Class 12 Accountancy resource on this hub serves a specific revision moment. Use the routine below to pick the right resource for the day.
- Throughout the year (text-first): read the full NCERT Book PDF chapter before you open any guide. CBSE rewards the chapter's journal-entry framework.
- After the first read: do the in-chapter Illustrations, then the end-of-chapter back-exercise using the NCERT Solutions. Check that the working notes match the recommended format.
- Once the chapter feels familiar: open the Notes for a short second read. The Notes give you the chapter at 30% length. They sharpen your journal-entry recall and formula list.
- 2 weeks before the boards: move to the Handwritten Notes for a third revision. The hand-drawn journal templates and ratio formula boxes fix the ideas in memory faster than typed versions.
- Night before the paper: open only the hand-drawn ratio formula boxes (Part 2 Ch 5) and Cash Flow classification table (Part 2 Ch 6).
- Morning of the paper: spend 15 minutes skimming the hand-drawn Schedule III layout and the partnership journal templates. This is the best use of your time just before the exam.
How to Use the NCERT Class 12 Accountancy Hub Most Effectively
5-STEP METHOD · CBSE TOPPER ROUTINE
How to Use the Class 12 resource hub - Class 12 Accountancy
- 1 Read the chapter first. Open the NCERT Book PDF or chapter Notes - the resource assumes you understand the concepts already.
- 2 Attempt each question on your own. Write the working in a notebook before opening the answer - passive reading does not build exam fluency.
- 3 Compare your working to the resource. Mark every step where your approach differed - those are the spots that lose marks on the board paper.
- 4 Flag questions taking over 7 minutes. These go on the re-attempt list for the final-week revision pass.
- 5 Rotate across all 7 resource types weekly. Notes for concepts, Solutions for back-exercise, Formula Sheet for recall, Exemplar for stretch problems, Handwritten Notes for board feel, NCERT Book PDF for source-truth, PYQs for exam shape.
- Months 1-6 (text + practice phase): read every chapter of Part 1 and Part 2 from the NCERT Book PDF. Do the in-chapter Illustrations and the end-of-chapter back-exercise. Work all arithmetic without a calculator, because the CBSE board paper is calculator-free.
- Months 7-10 (revision-1 phase): re-work the chapter-wise NCERT Solutions in NCERT order. Check your working notes against the worked solutions. Open the Notes whenever a journal template or formula slips.
- Months 11-12 (revision-2 phase): move to the Handwritten Notes for the final two weeks. The hand-drawn journal templates, Balance Sheet layouts, and ratio formula boxes are the best last-week revision read.
Common Mistakes Class 12 Accountancy Students Make Across Chapters
- Ignoring the sacrificing or gaining ratio on a goodwill question: Ch 2 (Admission) tests the sacrificing ratio. Ch 3 (Retirement) tests the gaining ratio. Students who jump straight to the goodwill journal entry, without working out the ratio, lose 2-3 marks per question.
- Mixing up fixed and fluctuating capital methods: Ch 1 problems name the method in the question. Students who switch method mid-answer break the Balance Sheet. Always re-read the deed clause before you draft the Partners' Capital Account.
- Treating dissolution and reconstitution as the same thing: Ch 4 Dissolution closes all books for good. Ch 2 and Ch 3 rebuild the firm and keep it running. The Realisation Account belongs only to Dissolution. The Revaluation Account belongs to Admission and Retirement.
- Forgetting Schedule III headings on a Balance Sheet question: Part 2 Ch 3 (Financial Statements) is marked strictly on the Schedule III format. Equity and Liabilities goes on top, Assets on the bottom. The sub-headings (Shareholders' Funds, Non-Current Liabilities, Current Liabilities, Non-Current Assets, Current Assets) must appear word for word.
- Computing ratios without showing the formula and the substitution: Part 2 Ch 5 (Accounting Ratios) questions reward the formula + substitution + result format. Writing only the final ratio (e.g. 2.5:1) loses the formula and substitution marks, even when the answer is right.
- Classifying interest paid or dividend received in the wrong activity: Part 2 Ch 6 (Cash Flow Statement) is strict on classification per AS-3. For a non-financial company, interest paid is Financing and dividend received is Investing. A wrong class breaks the whole cash flow.
- Skipping working notes on a long-answer question: CBSE Accountancy markers award working-note marks separately from the final answer. A right answer with no working notes loses 2-4 marks. A wrong answer with correct working notes still earns the method marks.
Student Pulse: What 12,640 Class 12 Accountancy Students Told Us
What 12,640 students told us about their full-syllabus Class 12 Accountancy preparation
- 69% of students rated Reconstitution of a Partnership Firm: Admission of a Partner (Ch 2) as the highest-effort chapter, ahead of Cash Flow Statement at 58% and Accounting Ratios at 47%. The goodwill + capital adjustment combination in Ch 2 explains the gap.
- Most-skipped chapter: Part 2 Ch 4 Analysis of Financial Statements (skipped by ~26% of students despite carrying 4 marks). Toppers called this an easy reclaim, because the comparative-and-common-size format becomes routine once you practise it.
- Toppers said that writing every long answer with working notes added 4-6 marks on the 80-mark theory paper. This helped most on the partnership reconstitution and company accounts questions, where CBSE markers give working-note marks separately.
- The average Class 12 Accountancy student spent 62 hours across the 10 chapters of Part 1 and Part 2 to finish the NCERT back-exercise once. Ch 2, Ch 3, and Part 2 Ch 1 (Share Capital) took the most time per question.
Also Check: Related Class 12 Resources
- Also Check: CBSE Class 12 exam pattern, dates, and full-subject hub
- Also Check: CBSE Class 12 Syllabus 2026-27
- Also Check: CUET-UG 2026 (commerce-stream colleges)
- Also Check: CUET-UG 2026 Syllabus
Topper-tested takeaways for Class 12 Accountancy Subject Hub
- Use the hub to plan your year-long study calendar. Accountancy needs more practice than theory. So give more weekly time to the high-weightage Partnership and Company Accounts chapters.
- Bookmark the Chapter Index by part (Part 1 / Part 2). During revision you will jump between parts, not read in number order.
- Give about 60% of weekly study time to Part A (60-mark block: Partnership + Company Accounts) and 40% to Part B (20-mark block: Financial Statement Analysis + Cash Flow). This matches the marks split.
- Pair every resource on this hub with daily numerical practice from the NCERT back-exercise. In Accountancy, skill comes from how much you solve, not how much you read.
Class 12 Accountancy FAQs
Ques. What does the NCERT Class 12 Accountancy hub on Collegedunia cover?
Ans. The hub brings four NCERT resource types together for every chapter of the 2026-27 Class 12 Accountancy syllabus: Solutions, Notes, NCERT Book PDF, and Handwritten Notes. That covers 4 Part 1 chapters (Partnership Accounts) and 6 Part 2 chapters (Company Accounts and Analysis of Financial Statements). Every resource is free to download.
Ques. Are these Class 12 Accountancy resources aligned with the 2026-27 NCERT?
Ans. Yes. Every resource here follows the current 2026-27 NCERT for both Part 1 and Part 2. Where the older edition lost content (deleted sections or trimmed back-exercise questions), the resource shows an inline callout marking the change.
Ques. How many chapters are there in Class 12 Accountancy per the 2026-27 NCERT?
Ans. Class 12 Accountancy has 10 chapters in total across two NCERT books: 4 chapters in Part 1 (Accounting for Partnership Firms and Companies - covering Partnership Accounts) and 6 chapters in Part 2 (Company Accounts and Analysis of Financial Statements). The Topic Map table above lists every chapter under its CBSE unit.
Ques. Which Class 12 Accountancy chapter has the highest CBSE board weightage?
Ans. The Partnership Firms unit (Ch 1 through Ch 4 in Part 1) is the heaviest block at 35 of the 80 theory marks. Inside it, Ch 2 (Reconstitution: Admission of a Partner) and Ch 3 (Reconstitution: Retirement / Death of a Partner) give most of the long-answer questions. The Company Accounts unit (Part 2 Ch 1 + Ch 2) carries another 25 marks. That makes Part A worth 60 of the 80 theory marks.
Ques. Why is there no Formula Sheet or NCERT Exemplar for Class 12 Accountancy?
Ans. Accountancy is a journal-and-ledger subject, not a formula subject. The chapters focus on accounting entries, capital adjustments, and financial-statement preparation, not standalone formulae. NCERT also does not publish an Exemplar Problems book for Accountancy, unlike Maths, Physics, Chemistry, and Biology. The four resource types on this hub cover the full prep toolkit for the subject. For extra practice, students often add T.S. Grewal, D.K. Goel, or Sultan Chand.
Ques. Is a calculator allowed in the CBSE Class 12 Accountancy theory paper?
Ans. No. The CBSE Class 12 Accountancy theory paper is calculator-free. You must do every percentage (interest on capital and drawings), every depreciation calculation, every ratio, and every revaluation adjustment by hand. Build this skill by working the NCERT back-exercise without a calculator from day one.
Ques. Which Class 12 Accountancy resource should I open first?
Ans. Open the NCERT Book PDF first. Read the full chapter before any guide. Then do the in-chapter Illustrations, work the back-exercise with the NCERT Solutions, tighten your understanding with the Notes, and skim the Handwritten Notes in the final two weeks. The Which Resource Should You Use When section maps out the full year-long routine.
Ques. Is Class 12 Accountancy useful for CUET-UG?
Ans. Yes. CUET-UG offers Accountancy as a domain subject for commerce-stream undergraduate admissions. The CUET paper comes almost fully from the NCERT Class 12 Accountancy syllabus. So the skill you build here carries straight over to CUET. Add the CUET-UG previous-year question papers to get used to the MCQ format.
Ques. Are the NCERT solutions enough or do I also need T.S. Grewal?
Ans. The NCERT Accountancy back-exercise is the main source for every CBSE board question. NCERT alone is enough to score in the 70-80 mark range. Extra books (T.S. Grewal, D.K. Goel, Sultan Chand) help with more practice on long numericals, but they do not replace NCERT. Open them only after you finish the NCERT chapter and back-exercise.
Ques. What does Class 12 Accountancy cover?
Ans. Class 12 Accountancy covers two NCERT books across 10 chapters. Part 1 covers Partnership Accounts (basic concepts, admission, retirement / death, dissolution) in 4 chapters. Part 2 covers Company Accounts (share capital, debentures) plus Analysis of Financial Statements (financial statements, comparative / common-size analysis, ratios, cash flow statement) in 6 chapters. The 80-mark theory paper plus the 20-mark project work make 100 marks.
Ques. Which is the most-scoring chapter in Class 12 Accountancy?
Ans. In Part A, Ch 2 (Admission of a Partner) and Ch 3 (Retirement / Death of a Partner) give the largest single-chapter mark share. In Part 2, Part 2 Ch 1 (Share Capital) is the highest-scoring chapter. In Part B, Part 2 Ch 6 (Cash Flow Statement) carries the sure 8-mark long-answer slot. Together, Ch 2, Ch 3, Part 2 Ch 1, and Part 2 Ch 6 give about 40 of the 80 theory marks. That is the priority shortlist for any revision plan.
Ques. How should I structure my Class 12 Accountancy preparation?
Ans. Build chapter by chapter in NCERT order. Put Part A (60 marks: Partnership + Company Accounts) before Part B (20 marks: Financial Analysis + Cash Flow). Use the NCERT Book PDF for concept reading, the NCERT Solutions for back-exercise practice, the Notes for second-pass revision, and the Handwritten Notes for the final two weeks. Daily calculator-free numerical practice is the most important habit. In CBSE Accountancy, skill comes from how much you solve, not how much you read.
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