Achieve subject level expertise with our special Accountancy Practice Worksheets for Class 12. These best resources have been updated for the 2026-27 exams to help you understand textbook theory and the advanced application based solved questions frequently seen in Accountancy assessments.
Key Advantages of Accountancy Class 12 Practice Sheets
- Advanced question banks: Focused on the most challenging Accountancy topics and common exam issues.
- Gain subject expertise: Exercises have been designed to improve problem solving speed abilities in Accountancy.
- CBSE & KVS Standards: 100% aligned with the latest CBSE assessment pattern for Class 12 Accountancy.
- Suggested by teachers: These Accountancy assignments are recommended by senior teachers for achieving top ranks in school exams.
Chapter-wise Accountancy Class 12 Solved Assignments
Download the latest Accountancy printable worksheets below. Our experts suggest regular practice of these solved chapters to ensure 100% success in your CBSE tests.
Practice Worksheets - Chapter-wise Diagnostic Sets Test yourself with structured 2-mark, 3-mark, and comprehensive 5-mark board practice questions across all 10 chapters. Section A: Short Answer (2 Marks) Answer: • Under Fixed Capital Method, two separate accounts are maintained for each partner: Capital Account and Current Account. • Under Fluctuating Capital Method, only one account is maintained for each partner: Capital Account. Section B: Numerical Problem (3 Marks) Calculation: 1. Total Drawings = ₹10,000 × 12 = ₹1,20,000. 2. Average Period = 6 months. 3. Interest = ₹1,20,000 × (9 / 100) × (6 / 12) = ₹5,400. Section A: Conceptual Case (3 Marks) Accounting Treatment: 1. Bank A/c Dr. To Premium for Goodwill A/c (for the cash portion brought in). 2. Premium for Goodwill A/c Dr. (cash portion) New Partner's Current A/c Dr. (unpaid portion) To Sacrificing Partners' Capital A/cs (in Sacrificing Ratio). Section A: Practical Problem (3 Marks) Calculation: • Q's share = 3/10. • P's Gain = 3/10 × 2/3 = 2/10. • R's Gain = 3/10 × 1/3 = 1/10. • P's New Share = 5/10 + 2/10 = 7/10. • R's New Share = 2/10 + 1/10 = 3/10. New Profit Sharing Ratio = 7 : 3. Section A: Accounting Entry (3 Marks) Answer: No Entry is required. When an asset is taken over by a creditor in full or partial satisfaction of their liability, no entry is passed in the books for that agreed amount since both the asset and liability have already been transferred to the Realisation Account. Section A: Application Problem (5 Marks) Working: 1. Pro-rata ratio = 75,000 : 50,000 = 3 : 2. 2. Shares applied by Mohan = 1,000 × (3 / 2) = 1,500 shares. 3. Application money paid by Mohan (assumed ₹3) = 1,500 × ₹3 = ₹4,500. 4. Application money due on allotted shares = 1,000 × ₹3 = ₹3,000. 5. Excess advance application money = ₹4,500 − ₹3,000 = ₹1,500. 6. Allotment due from Mohan (₹5 incl. premium) = 1,000 × ₹5 = ₹5,000. 7. Net unpaid allotment amount = ₹5,000 − ₹1,500 = ₹3,500. Section A: Journalizing (3 Marks) Journal Entry: Bank A/c ... Dr. ₹1,00,000 Loss on Issue of Debentures A/c ... Dr. ₹5,000 To 8% Debentures A/c ₹1,00,000 To Premium on Redemption of Debentures A/c ₹5,000 (Being debentures issued at par redeemable at premium) Section A: Presentation Question (2 Marks) Answer: 1. Unpaid / Unclaimed Dividends. 2. Interest accrued and due on borrowings (or Income received in advance). Section A: Theoretical Question (2 Marks) Objectives: 1. To indicate the absolute and percentage changes in financial items over two or more accounting years. 2. To facilitate horizontal trend analysis and evaluate long-term financial performance. Section A: Ratio Calculation (3 Marks) Calculation: 1. Average Inventory = (Opening Inv. + Closing Inv.) / 2 = (₹80,000 + ₹1,20,000) / 2 = ₹1,00,000. 2. Inventory Turnover Ratio = Cost of Revenue from Operations ÷ Average Inventory = ₹6,00,000 ÷ ₹1,00,000 = 6 Times. Section A: Calculation Problem (3 Marks) Calculation: • Operating Profit before Working Capital Changes: ₹2,50,000 • Add: Decrease in Current Assets (Inventories): +₹15,000 • Less: Increase in Current Assets (Trade Receivables): −₹30,000 • Less: Decrease in Current Liabilities (Trade Payables): −₹20,000 Cash Generated from Operations = ₹2,15,000 |
| Part 2 Chapter 01 Accounting for Share Capital Practice Worksheets |
| Part 2 Chapter 01 Accounting for Share Capital Practice Worksheets |
| Part 2 Chapter 03 Financial Statements of a Company Practice Worksheets |
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You can download the latest high-resolution printable worksheets for Class 12 Accountancy from StudiesToday.com. Our practice sheets are designed as per 2026-27 session and are good for home and class room use.
Yes, all chapter-wise practice worksheets for Class 12 Accountancy are available in a mobile-friendly printable PDF format.
Yes. Each Accountancy practice sheet for Class 12 is aas per current academic session, covering the latest NCERT topics and CBSE exam patterns.
No, all Accountancy study materials, revision worksheets and practice tests for Class 12, are provided 100% free of cost for students, parents and teachers.
Solving Accountancy worksheets helps students in accuracy and problem-solving skills. Practicing these printable sheets is best way to prepare for both objective and descriptive exam questions.
Yes, we provide CBSE Accountancy worksheets in multiple languages, including English and Hindi, to help students from all educational backgrounds in Class 12.