CBSE Class 12th Accountancy Frequently Asked Topics

The CBSE Class 12 Accountancy Board Exam 2026 is scheduled for 24th February, 2026. It is one of the most scoring yet challenging papers for commerce students. 

Every year, certain chapters consistently carry higher weightage and specific topics are repeatedly tested. Instead of revising the entire syllabus randomly, students should now focus on the most asked and high-weightage areas. Know about the frequently asked topics and prepare accordingly for the board exam 2026:

Most Asked Topics in CBSE 12th Accountancy 2026

It’s important to understand which chapters carry more marks and what examiners usually focus on. Below is a clear breakdown of the most important areas from each chapter.

1. Partnership Fundamentals (8–10 Marks)

Primary Focus: P&L Appropriation Account, Interest on Capital and Drawings, Guarantee of Profit (including loss scenarios), and Past Adjustments. This chapter builds the base of partnership accounting and often includes adjustment-based questions.

2. Admission of a Partner (10–14 Marks)

Primary Focus: New Profit Sharing Ratio, Sacrificing Ratio, treatment of Goodwill (especially Hidden Goodwill), Revaluation Account, and Capital Adjustments. It is one of the highest-weightage chapters. Long practical questions are frequently asked in 12th board exam.

3. Retirement & Death of a Partner (8–10 Marks)

Primary Focus: Gaining Ratio, treatment of Goodwill, Retiring Partner’s Loan Account, and preparation of Deceased Partner’s Executor Account with interest. Adjustment-heavy questions are common here.

4. Dissolution of a Partnership Firm (6–8 Marks)

Primary Focus: Preparation of Realisation Account, treatment of unrecorded assets and liabilities, and settlement of partners’ accounts. Step-wise working and correct format are crucial for full marks.

5. Accounting for Share Capital (8–10 Marks)

Primary Focus: Pro-rata Allotment, Forfeiture and Reissue of Shares, and Disclosure of Share Capital in Balance Sheet as per Schedule III. Frequently asked practical and adjustment-based problems.

6. Accounting for Debentures (10–12 Marks)

Primary Focus: Issue of Debentures (including for consideration other than cash), Redemption from the point of view of issue, Collateral Security, and writing off Discount/Loss. Another high-weightage chapter with long-format numerical questions.

7. Analysis of Financial Statements (4–6 Marks)

Primary Focus: Classification under Major Heads and Sub-heads of Balance Sheet and preparation of Comparative and Common-size statements. Mostly theory + short practical adjustments.

8. Accounting Ratios (4–6 Marks)

Primary Focus: Calculation and interpretation of Liquidity (Current & Quick), Solvency (Debt-Equity), and Activity (Turnover) ratios. Interpretation-based questions are frequently asked.

9. Cash Flow Statement (6–8 Marks)

Primary Focus: Classification of activities (Operating, Investing, Financing), treatment of Proposed Dividend, and preparation using Indirect Method. Commonly asked long practical question with adjustments.

Last Minute Strategy for 12th Accountancy Board Exam 2026

• Prioritise Admission and Debentures first (highest marks).

• Practice full-format questions under exam conditions.

• Revise journal entries and adjustment logic daily.

• Focus on presentation and working notes.

• Solve previous year board questions at least twice.