Most Expected Questions For CBSE Class 12 Accountancy 2026

Most Expected Questions for CBSE Class 12 Accountancy 2026: The Class 12 Accountancy board exam has been scheduled for February 24, 2026. In the last revision round, students should focus on the important topics and handwritten notes for the revision. Take the time to revise, relax to memorise the important concepts.

It can help them to plan their attempts for the exam. A list of the most expected questions for CBSE Class 12 Accountancy 2026 has been compiled with the questions and solutions based on the exam syllabus and previous year trends. Students can solve such questions to get an idea of the level of the paper to face the actual exam. 

Most Expected Questions for CBSE Class 12 Accountancy 2026

Students can solve the Accountancy class 12 questions to get an idea of the difficulty level of questions and revise the topic-wise concepts. It can guide the students to improve their test-taking abilities before facing the exam. 

Question: State the provisions of the Indian Partnership Act, 1932, regarding interest on partners capital and interest on partners loan when there is no partnership deed. (All India 2015,2010)

Answer: According to the Indian Partnership Act, 1932, in the absence of a partnership deed, no interest on partners’ capital is allowed, and interest on partners' loans is allowed @ 6% per annum.

Question: Partner R withdraws ₹6,000 at the end of every quarter.
Rate of interest is 8% per annum.

Answer (Step-by-Step):

• Total Drawings:

  • ₹6,000 × 4 = ₹24,000

• Average Period (End of each quarter):

  • 1.5 months = 1.5 / 12 years

• Interest on Drawings:

  • ₹24,000 × 8% × (1.5 / 12)

  • = ₹240

Question: What is meant by‘gaining ratio on retirement of a partner (Delhi 2019)
Answer: The ratio in which the continuing partners acquire the outgoing partner’s share is called as gaining ratio.

Question: Firm’s profit is ₹75,000 after deducting Partner A’s salary of ₹90,000.
Manager’s commission is 10% of Net Profit after charging such commission.

Answer: Net Profit before Partner Salary: ₹75,000 + ₹90,000 = ₹1,65,000

• Commission Formula (After Charging):

• Commission = Profit × Rate / (100 + Rate)

• Commission Amount:

• ₹1,65,000 × 10 / 110

• = ₹15,000

Question: What is the difference between "Interest Allowed" and "Interest Charged"?

Answer: Interest Allowed: Refers to Interest on Capital. It is an expense for the firm (debited to P&L Appropriation) and given to the partner. Interest Charged: Refers to Interest on Drawings. It is an income for the firm (credited to P&L Appropriation) and taken from the partner.

Question: Aman, Yatin and Uma were partners and were sharing profits and losses in the ratio of 5 : 3 : 2. Uma retired and her share was taken over by Aman and Yatin 5 : 3 in ratio. Calculate gaining ratio of Aman and Yatin. (Compartment 2018)
Answer: Calculation of Gaining Ratio
Uma’s share = 210
Aman gams = 58×210=1080
Yatin gams = 38×210=680
Gaining ratio of Aman and Yatin = 10 : 6 = 5 : 3

Question: If the Partnership Deed is silent, what is the treatment for: (a) Interest on Capital, (b) Interest on Partner's Loan, and (c) Profit Sharing?

Answer: Interest on Capital: Not allowed.

• Interest on Partner's Loan: Allowed at 6% p.a.

• Profit Sharing: Distributed equally among all partners.

Question: Ritesh and Hitesh are childhood friends. Ritesh is a consultant, whereas Hitesh is an architect. They contributed equal amounts to the Arts and purchased a building for ₹ 2 crore. After a year, they sold it for ₹ 3 crore and shared the profits equally. Are they doing business in partnership? Give a reason in support of your answer. (CBSE 2018)

Answer: No, they are not doing business in partnership. They are mere co-owners of the property.

Important Exam Tips For Students

• Always practice previous year questions and sample papers from official CBSE resources.

• Focus on understanding journal entries and ledger accounts, especially for tricky topics like admission, retirement, death, dissolution, and share forfeiture.

• Keep key formulae handy, such as interest calculations, goodwill valuation, and ratio analyses.

• In case of doubt, use conceptual logic rather than rote memorisation—understand the nature of accounts (real, nominal, personal).

• For cash flow statements, know the difference between operating, investing, and financing activities, especially for financial companies vs. non-financial companies.

• Maintain integrity by attempting answers independently and reviewing mistakes to improve.

• Revise thoroughly, as many questions can have variants but are based on the same core concepts.

• Stay positive and motivated; consistent effort will yield benefits beyond exam marks in life skills and discipline.