The NCERT Class 12 Accountancy hub on Collegedunia (2026-27 syllabus) brings together four NCERT resource types - NCERT Solutions, Notes, NCERT Book PDF, and Handwritten Notes - for every chapter of the rationalised NCERT Part 1 and Part 2 textbooks. The hub indexes 10 chapters in total: 4 Part 1 chapters covering Partnership Accounts and 6 Part 2 chapters covering 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
Every Class 12 Accountancy resource on Collegedunia is curated by subject experts, mapped to the 2026-27 rationalised NCERT, and refined against the last five years of CBSE Board Accountancy papers.
NCERT Class 12 Accountancy Chapter Index: Part 2 - Company Accounts and Analysis of Financial Statements
The 6 chapters from Part 2 covering Share Capital, Debentures, Financial Statements, Analysis, Ratios, and Cash Flow Statement. Each row links through to the chapter's NCERT Solutions; sibling resources are reachable from the Solutions page.
All NCERT Class 12 Accountancy Resource Listings
Browse every resource type for Class 12 Accountancy from one place. Each card below opens the dedicated listing page that 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 condensing 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 NCERT 2026-27 syllabus for Class 12 Accountancy has been rationalised by the examination authority to reduce content load for CBSE Boards and CUET. The drops listed below are officially out of the 2026-27 question paper, so skip these 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 linked in the All Chapters index above already flag every deleted line inline so you don't waste revision hours on dropped topics.
Class 12 Accountancy Chapter-wise Important Questions
The five chapter clusters below carry the bulk of the CBSE 2026 Class 12 Accountancy paper and repeat almost every year. The first column lists the long-answer topics that recur as 3-mark and 5-mark questions; the second column lists the application-level questions that appear as 1-3 mark numericals / MCQs / 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 question split - theory-heavy concepts (goodwill, dissolution, debentures) dominate the MCQ section while ratio analysis and cash flow appear as case-study sets. The Expert's Solution tab on each chapter page works the CUET-style multiple-choice elimination alongside the CBSE board-style structured answer.
SUBJECT HUB · CLASS 12 ACCOUNTANCY
Class 12 Accountancy - Exam Weightage
Class 12 Accountancy contributes roughly 130 marks combined across CBSE Boards and CUET UG (Commerce domain) - Accountancy is the foundation paper for B.Com, BBA, and CA / CS / CMA entry-route preparation.
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 and splits across two compulsory parts plus the internal-assessment project. Knowing the section-by-section weight is half the revision plan; once you know which section a chapter feeds, you can pick the right resource (Notes for journal recall, 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. The default Part B option chosen by ~90% of CBSE Accountancy students; 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 (the default) and Computerised Accounting at the start of the year; most CBSE schools opt for the former, which is the default on this listing.
- Project work (20 marks internal assessment): includes a comprehensive project (Segment Reporting, Cash Flow Statement project, or Ratio Analysis project) plus a viva. Marks are awarded by the school in consultation with an external examiner.
- Calculator policy: CBSE does NOT allow calculators in the Class 12 Accountancy theory paper. Every percentage, ratio, depreciation calculation, and revaluation adjustment must be worked manually. Build calculator-free fluency through repeated practice from the NCERT back-exercise.
The 80-mark theory paper plus the 20-mark project together make the 100-mark scheme. Part A delivers 60 of those 80 marks; building chapter fluency across Ch 1 through Ch 4 (Partnership) plus Part 2 Ch 1 and Ch 2 (Share Capital, Debentures) is the highest-ROI revision plan for any Accountancy student.
Where to Start with NCERT Class 12 Accountancy
For first-time study, follow NCERT order - Part 1 Ch 1 through Ch 4, then Part 2 Ch 1 through Ch 6. For revision, the chapter shortlist below covers the highest-yield 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 NCERT Book PDF chapter end-to-end before opening any guide; the chapter's journal-entry framework is what CBSE rewards.
- After the first read: attempt the in-chapter Illustrations, then the end-of-chapter back-exercise using the NCERT Solutions. Verify the working notes match the recommended format.
- Once the chapter feels familiar: open the Notes for the second-pass condensed read; the Notes are the chapter at 30% length, sharpening your journal-entry recall and formula list.
- 2 weeks before the boards: shift to the Handwritten Notes for the third-pass revision; the hand-drawn journal templates and ratio formula boxes lock in recall faster than typeset 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: 15 minutes skimming the hand-drawn Schedule III layout and the partnership journal templates is the highest-ROI use of pre-exam time.
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
- 1Read the chapter first. Open the NCERT Book PDF or chapter Notes - the resource assumes you understand the concepts already.
- 2Attempt each question on your own. Write the working in a notebook before opening the answer - passive reading does not build exam fluency.
- 3Compare your working to the resource. Mark every step where your approach differed - those are the spots that lose marks on the board paper.
- 4Flag questions taking over 7 minutes. These go on the re-attempt list for the final-week revision pass.
- 5Rotate 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; attempt the in-chapter Illustrations and the end-of-chapter back-exercise. Maintain calculator-free arithmetic throughout - the CBSE board paper is calculator-free.
- Months 7-10 (revision-1 phase): re-work the chapter-wise NCERT Solutions in NCERT order; verify your working notes against the worked solutions; open the Notes whenever a journal template or formula slips.
- Months 11-12 (revision-2 phase): shift to the Handwritten Notes for the final two weeks; the hand-drawn journal templates, Balance Sheet layouts, and ratio formula boxes are the highest-ROI 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 sacrificing ratio; Ch 3 (Retirement) tests gaining ratio. Students who jump straight to the goodwill journal entry without computing the ratio lose 2-3 marks per question.
- Mixing up fixed and fluctuating capital methods: Ch 1 problems specify the method in the question; students who switch convention mid-answer break the Balance Sheet. Always re-read the deed clause before drafting the Partners' Capital Account.
- Treating dissolution and reconstitution as the same thing: Ch 4 Dissolution closes all books permanently; Ch 2 and Ch 3 reconstitute the firm and keep it running. The Realisation Account belongs only to Dissolution; 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; sub-headings (Shareholders' Funds, Non-Current Liabilities, Current Liabilities, Non-Current Assets, Current Assets) must appear verbatim.
- 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 if the answer is correct.
- Classifying interest paid or dividend received in the wrong activity: Part 2 Ch 6 (Cash Flow Statement) is strict on classification per AS-3. Interest paid by a non-financial company is Financing; dividend received by a non-financial company is Investing. Misclassification breaks the entire cash flow.
- Skipping working notes on a long-answer question: CBSE Accountancy markers award working-note marks separately from the final answer. A correct answer without working notes loses 2-4 marks; an incorrect 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 Class 12 Accountancy full-syllabus 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 flagged this as a high-ROI reclaim because the comparative-and-common-size format is mechanical once practised.
- Toppers reported that drafting every long-answer answer with working notes added 4-6 marks on the 80-mark theory paper, mostly on the partnership reconstitution and company accounts long-answer questions where CBSE markers award 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, with Ch 2, Ch 3, and Part 2 Ch 1 (Share Capital) eating 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 preparation is more practice-driven than concept-driven, so allocate proportionally 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 rather than read in numerical order.
- Allocate roughly 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), matching the marks distribution.
- Pair every resource on this hub with daily numerical practice from the NCERT back-exercise; Accountancy fluency comes from working volume, not from reading volume.
Class 12 Accountancy FAQs
Ques. What does the NCERT Class 12 Accountancy hub on Collegedunia cover?
Ans. The hub brings together four NCERT resource types (Solutions, Notes, NCERT Book PDF, Handwritten Notes) for every chapter of the 2026-27 Class 12 Accountancy syllabus - 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 on this hub reflects the current 2026-27 rationalised NCERT for both Part 1 and Part 2. Where content was rationalised out of the older edition (deleted sections or trimmed back-exercise questions), the affected resources carry an inline callout flagging 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. Within that block, Ch 2 (Reconstitution: Admission of a Partner) and Ch 3 (Reconstitution: Retirement / Death of a Partner) together supply the bulk of the long-answer questions. The Company Accounts unit (Part 2 Ch 1 + Ch 2) carries another 25 marks, making Part A worth 60 of the 80 theory marks combined.
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-driven one - the chapter content centres on accounting entries, capital adjustments, and financial-statement preparation rather than standalone formulae. NCERT also does not publish an Exemplar Problems book for Accountancy (unlike Maths, Physics, Chemistry, and Biology). The four resource types listed on this hub cover the full preparation toolkit for the subject; for additional practice volume, students typically supplement with 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. Every percentage (interest on capital and drawings), every depreciation calculation, every ratio computation, and every revaluation adjustment must be done manually. Build calculator-free arithmetic fluency 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 chapter end-to-end before any guide. Then attempt the in-chapter Illustrations, work the end-of-chapter back-exercise using the NCERT Solutions, condense your understanding using the Notes, and skim the Handwritten Notes in the final two weeks. The Which Resource Should You Use When section sketches the full year-long routine.
Ques. Is Class 12 Accountancy useful for CUET-UG?
Ans. Yes. CUET-UG Accountancy is offered as a domain subject for commerce-stream undergraduate admissions; the CUET paper draws almost entirely from the NCERT Class 12 Accountancy syllabus. Building fluency through this hub directly carries over to CUET preparation; supplement with the CUET-UG previous-year question papers for the MCQ format the CUET paper uses.
Ques. Are the NCERT solutions enough or do I also need T.S. Grewal?
Ans. The NCERT Accountancy back-exercise is the canonical source for every CBSE board question; the NCERT alone is sufficient to score in the 70-80 mark range. Supplementary textbooks (T.S. Grewal, D.K. Goel, Sultan Chand) are useful for additional practice volume on long numericals, but they are not a substitute for the NCERT. Open them only after the NCERT chapter and back-exercise are complete.
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, and 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. Within Part A, Ch 2 (Admission of a Partner) and Ch 3 (Retirement / Death of a Partner) together supply the largest single-chapter mark share; within Part 2, Part 2 Ch 1 (Share Capital) is the highest-yield individual chapter. On Part B, Part 2 Ch 6 (Cash Flow Statement) carries the guaranteed 8-mark long-answer slot. Together Ch 2, Ch 3, Part 2 Ch 1, and Part 2 Ch 6 deliver roughly 40 of the 80 theory marks - 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, prioritising Part A (60 marks: Partnership + Company Accounts) over 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 single most important habit; CBSE Accountancy fluency comes from working volume, not from reading volume.
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