CBSE Class 12 Accountancy Accounting For Companies Worksheet

Access the latest CBSE Class 12 Accountancy Accounting For Companies Worksheet. We have provided free printable Class 12 Accountancy worksheets in PDF format, specifically designed for Part 2 Chapter 1 Accounting for Share Capital. These practice sets are prepared by expert teachers following the 2025-26 syllabus and exam patterns issued by CBSE, NCERT, and KVS.

Part 2 Chapter 1 Accounting for Share Capital Accountancy Practice Worksheet for Class 12

Students should use these Class 12 Accountancy chapter-wise worksheets for daily practice to improve their conceptual understanding. This detailed test papers include important questions and solutions for Part 2 Chapter 1 Accounting for Share Capital, to help you prepare for school tests and final examination. Regular practice of these Class 12 Accountancy questions will help improve your problem-solving speed and exam accuracy for the 2026 session.

Download Class 12 Accountancy Part 2 Chapter 1 Accounting for Share Capital Worksheet PDF

Company Accounts - Accounting for Share Capital Meaning of company: A company is an organization formed by an association of persons through a process of law for undertaking (usually) a business venture.
 
Definition –“Company means a company incorporated under this Act or any previous company Section 2(20) of the Companies Act, 2013

Share Capital - Schedule III of the Companies Act, 2013 classified Share Capital as:

CBSE Class 12 Accountancy Accounting For Companies Worksheet 1

i. Authorised Share Capital is the maximum amount up to which a company can issue shares.
ii. Issued share capital is a part of authorized share capital that is issued by a company for subscription.
iii. Subscribed share capital is a part of issued share capital that is subscribed.
 
Subscribed share capital is shown as (i) Subscribed and fully paid – up (ii) Subscribed but not fully paid – up Called – up amount is the amount of nominal value of shares that has been called up for payment.
Paid – up amount is the amount that is received by the company. Reserve capital is a part of subscribed share capital that a company resolves, by a special resolution, not to call except in the event and for the purpose of company being wound up.
 
PREFERENCE SHARES - These are the shares that carry preferential right as to dividend at fixed rate and preferential right as to repayment of capital.
 
EQUITY SHARES – These shares are the shares that are not preference shares. Shares can be issued (i) for cash and (ii) for consideration other than cash. Further, the shares can be issued (i) at par, or (ii) at premium.

OVER SUBSCRIPTION OF SHARES – It means shares applied for are more than the shares offered for subscription.
 
UNDER SUBSCRIPTION OF SHARES –It means shares applied for are less than the shares offered for subscription.
 
PRO RATA ALLOTMENT – It means allotment of shares in a fixed proportion. Pro rata allotment takes place only when the shares are oversubscribed.
 
SECURITIES PREMIUM RESERVE – It can be utilized for the purpose prescribed in section 52(2) of the Companies Act, 2013, which are:
 
(i ) writing off preliminary expenses;
(ii) Writing off expenses such as share such as share issue expenses, commission ,discount allowed on issue of securities ;
(iii) Providing for the premium payable on redemption of debentures or Preference Shares;
(iv) or (iv) in buying-back its own shares.
(v) Issuing fully paid bonus shares;
 
CALL – It is a demand by a company from the holders of partly paid shares to pay a further installment towards full nominal value.

CALLS-IN-ARREARS-It is the amount not yet received by the company against the call or calls demanded.
 
CALLS-IN –ADVANCE- It is the amount received by the company from its allottees against the calls not yet made. Calls- In- Advance is shown as 'Other Current Liability' under 'Current Liabilities'.
 
FORFEITURE OF SHARES- It means cancellation of shares and forfeiting the amount received against these shares. Forfeiture of shares takes place when a shareholder fails to pay the calls made.
Securities premium-How dealt when shares are forfeited. In case where Securities Premium Reserve Account has been credited and also it has been received-Securities Premium Reserve Account is not debited because of the restrictions imposed by Section52(2) of the Companies Act ,2013 as to utilization. In case Securities Premium Reserve Account has been credited but the amount has not been received –Securities Premium Reserve Account is debited because the amount has not been received and therefore Section 52(2) of the Companies Act ,2013 does not apply .
 
REISSUE OF FORFEITED SHARES-Forfeited Shares can be reissued and they may be reissued at a value lower than its face value. But the discount on reissue of a share cannot be more than the forfeited amount of that share credited to Forfeited Share account at the time of forfeiture. Regarding Reissue of Forfeited Shares, always keep in mind that:
 
1. Discount on reissue cannot exceed the forfeited amount.
 
2. If the discount on reissue is less than the amount forfeited, the surplus (i.e., gain on reissue of shares) is transferred to Capital Reserve.
 
3. When only a part of the forfeited share is reissued then the gain on reissue of such share is such transferred to Capital Reserve.
 
4. The forfeited amount on shares not yet reissued is shown in the Balance Sheet as an addition to the paid-up share capital.
 
5. When the shares are reissued at discount, such discount is debited to Forfeited Shares Account.
 
6. If the shares are reissued at a price which is more than the nominal (face) value of the shares, the excess amount is credited to Securities Premium Reserve Account.
 
7. In case of the Forfeited Shares are reissued at a price higher than the paid- up value , the excess of issue price over paid up value is credited to 'Securities Premium Reserve Account'.
 
PRIVATE PLACEMENT OF SHARES- It refers to issue and allotment of shares to a selected group of persons. In other words, an issue, which is not a public issue but offered to a selected group of persons , is called Private Placement Of Shares.
 
EMPLOYEES STOCK OPTION PLAN (ESOP) - It is the plan for granting options to subscribe shares by employees and employee directors. A company may issue stock (shares) options fulfilling the following conditions:
 
(a) These shares are of the same class of shares already issued;
 
(b) It is authorized by a special resolution passed by the company;
 
(c) The resolution specifies the number of shares, the current market price, consideration, if any, and the class or classes of directors or employees to whom such equity shares are to be issued;
 
(d) Not less than one year has, at the date of issue, elapsed since the date on which the company had commenced business and
 
(e) These shares are issued in accordance with SEBI regulations, if the shares are listed.
 

Please click on below link to download CBSE Class 12 Accountancy Accounting For Companies Worksheet

Part 1 Chapter 01 Accounting for Partnership Basic Concepts
CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set A
CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set B
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set A
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set B
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set C
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set D
CBSE Class 12 Accountancy Fundamentals Worksheet Set A
CBSE Class 12 Accountancy Fundamentals Worksheet Set B
CBSE Class 12 Accountancy Partnership Volume Worksheet
Part 1 Chapter 02 Reconstitution of a Partnership Firm Admission of a Partner
CBSE Class 12 Accountancy Admission of A Partner Worksheet Set A
CBSE Class 12 Accountancy Admission of A Partner Worksheet Set B
CBSE Class 12 Accountancy Admission of A Partner Worksheet Set C
CBSE Class 12 Accountancy Change in Profit Sharing Worksheet Set A
CBSE Class 12 Accountancy Change in Profit Sharing Worksheet Set B
CBSE Class 12 Accountancy Change in Profit Sharing Worksheet Set C
CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set A
CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set B
CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set C
Part 1 Chapter 03 Reconstitution of a Partnership Firm Retirement/Death of a Partner
CBSE Class 12 Accountancy Death of A Partner Worksheet Set A
CBSE Class 12 Accountancy Death of A Partner Worksheet Set B
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set A
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set B
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set C
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set D
CBSE Class 12 Accountancy Retirement or Death of a Partner Worksheet Set A
CBSE Class 12 Accountancy Retirement or Death of a Partner Worksheet Set B
Part 1 Chapter 04 Dissolution of Partnership Firm
CBSE Class 12 Accountancy Dissoultion of Partnership Firm Worksheet Set A
CBSE Class 12 Accountancy Dissoultion of Partnership Firm Worksheet Set B
CBSE Class 12 Accountancy Dissoultion of Partnership Firm Worksheet Set C
Part 2 Chapter 01 Accounting for Share Capital
CBSE Class 12 Accountancy Accounting For Companies Worksheet
CBSE Class 12 Accountancy Accounting For Share Capital Worksheet
Part 2 Chapter 02 Issue and Redemption of Debentures
CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set A
CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set B
CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set C
Part 2 Chapter 03 Financial Statements of a Company
CBSE Class 12 Accountancy Financial Statements of A Company Worksheet
Part 2 Chapter 04 Analysis of Financial Statements
CBSE Class 12 Accountancy Analysis of Financial Statements Worksheet
CBSE Class 12 Accountancy Tools of Analysis Worksheet Set A
CBSE Class 12 Accountancy Tools of Analysis Worksheet Set B
Part 2 Chapter 05 Accounting Ratios
CBSE Class 12 Accountancy Ratio Analysis Worksheet Set A
CBSE Class 12 Accountancy Ratio Analysis Worksheet Set B
CBSE Class 12 Accountancy Ratio Analysis Worksheet Set C
Part 2 Chapter 06 Cash Flow Statement
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set A
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set B
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set C
z More Worksheets for Class 12 Accountancy
CBSE Class 12 Accountancy All Chapters Question Bank
CBSE Class 12 Accountancy All Chapters Worksheet
CBSE Class 12 Accountancy Worksheet Set A Solved
CBSE Class 12 Accountancy Worksheet Set B Solved
CBSE Class 12 Accountancy Worksheet Set C Solved
CBSE Class 12 Accountancy Worksheet Set D Solved
CBSE Class 12 Accountancy Worksheet Set E Solved
CBSE Class 12 Accountancy Worksheet Set F Solved
CBSE Class 12 Accountancy Worksheet Set G Solved
CBSE Class 12 Accountancy Worksheet Set H Solved
CBSE Class 12 Accountancy Worksheet Set I Solved
~ Class 12 Accountancy (Old Chapters)
CBSE Class 12 Accountancy Accounting For Not For Profit Organisation Worksheet
CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A
CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set B

Important Practice Resources for Class 12 Accountancy

Part 2 Chapter 1 Accounting for Share Capital CBSE Class 12 Accountancy Worksheet

Students can use the Part 2 Chapter 1 Accounting for Share Capital practice sheet provided above to prepare for their upcoming school tests. This solved questions and answers follow the latest CBSE syllabus for Class 12 Accountancy. You can easily download the PDF format and solve these questions every day to improve your marks. Our expert teachers have made these from the most important topics that are always asked in your exams to help you get more marks in exams.

NCERT Based Questions and Solutions for Part 2 Chapter 1 Accounting for Share Capital

Our expert team has used the official NCERT book for Class 12 Accountancy to create this practice material for students. After solving the questions our teachers have also suggested to study the NCERT solutions  which will help you to understand the best way to solve problems in Accountancy. You can get all this study material for free on studiestoday.com.

Extra Practice for Accountancy

To get the best results in Class 12, students should try the Accountancy MCQ Test for this chapter. We have also provided printable assignments for Class 12 Accountancy on our website. Regular practice will help you feel more confident and get higher marks in CBSE examinations.

Where can I download the latest PDF for CBSE Class 12 Accountancy Accounting For Companies Worksheet?

You can download the teacher-verified PDF for CBSE Class 12 Accountancy Accounting For Companies Worksheet from StudiesToday.com. These practice sheets for Class 12 Accountancy are designed as per the latest CBSE academic session.

Are these Accountancy Class 12 worksheets based on the 2026 competency-based pattern?

Yes, our CBSE Class 12 Accountancy Accounting For Companies Worksheet includes a variety of questions like Case-based studies, Assertion-Reasoning, and MCQs as per the 50% competency-based weightage in the latest curriculum for Class 12.

Do you provide solved answers for CBSE Class 12 Accountancy Accounting For Companies Worksheet?

Yes, we have provided detailed solutions for CBSE Class 12 Accountancy Accounting For Companies Worksheet to help Class 12 and follow the official CBSE marking scheme.

How does solving CBSE Class 12 Accountancy Accounting For Companies Worksheet help in exam preparation?

Daily practice with these Accountancy worksheets helps in identifying understanding gaps. It also improves question solving speed and ensures that Class 12 students get more marks in CBSE exams.

Is there any charge for the Class 12 Accountancy practice test papers?

All our Class 12 Accountancy practice test papers and worksheets are available for free download in mobile-friendly PDF format. You can access CBSE Class 12 Accountancy Accounting For Companies Worksheet without any registration.