CBSE Class 12 Accountancy exam 2026 for Term-end board was held today, February 24, 2026, in offline mode for a total of 80 theory marks, divided into Part A and Part B. The paper followed the latest CBSE pattern with a strong focus on competency and application-based questions, and most students from the commerce stream described the overall difficulty as easy to moderate, with many expecting scores above 70 in theory.
CBSE 12th 2026 Accountancy Exam – Key Highlights
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Exam date and time: February 24, 2026, from 10:30 am to 1:30 pm (3-hour paper + 15 minutes reading time).
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Total marks: 80 for theory; remaining 20 marks through internal assessment/project work.
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Total questions: 34 questions divided into Part A and Part B, all compulsory with an internal choice in Part B.
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Sections:
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Part A – Accounting for Partnership Firms and Companies (60 marks).
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Part B – Either Analysis of Financial Statements or Computerised Accounting (20 marks).
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Question types: 1, 3, 4 and 6-mark questions, with nearly 50% weightage now given to competency-based/case-study-style questions as per CBSE’s latest guidelines.
CBSE 12th 2026 Accountancy Unofficial Answer Key
Below is the unofficial answer key (memory-based) for major objective/short questions, Part A and important Part B questions, as shared by students and teachers.
Part A – Accounting for Partnership Firms and Companies
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Anita & Priyal – Interest on Capital @ 8% p.a.
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Interest on capital allowed: (A) Anita Rs 24,000 and Priyal Rs 32,000
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Assertion–Reason (Goodwill)
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Goodwill is intangible; defined as value of reputation and extra future profits.
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(A) Both assertion and reason are correct and reason is the correct explanation of assertion.
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Uncalled capital reserved to be called only at winding up is called
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(D) Reserve Capital
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Dissolution – Debtors realisation
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Debtors ₹2,10,000; provision ₹20,000; ₹10,000 bad; remaining realised @ 90%.
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Amount realised: (C) Rs 1,80,000
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Change in profit-sharing ratio – Asha’s gain/sacrifice
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Old ratio 3:2:1; new ratio equal (1/3 each).
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Asha’s position: (A) Sacrifice 1/6
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Goodwill by Capitalisation of Super Profit
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Average profit ₹2,00,000; capital employed ₹17,00,000; normal rate 10%.
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Goodwill: (C) Rs 3,00,000
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Debentures and Securities Premium use
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(a) Debentures with charge on assets: (B) Secured Debenture
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(b) Securities Premium cannot be used to: (C) Purchase fixed assets
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Interest on partner’s loan (no deed)
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Loan ₹8,00,000 from 1 July 2024 to 31 March 2025 (9 months) @ 6% as per law; here asked @ 10% p.a. as per question interpretation.
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Amount due: (A) Rs 36,000
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Goodwill – Admission & Retirement
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(a) Rohan & Meeta admit Kabir (1/5th share): Kabir’s share in goodwill: (B) Rs 20,000
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(b) Ravi retired; paid more than capital balance: goodwill value: (C) Rs 60,000
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New ratio and gaining ratio
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(a) Ravi, Sohan, Neena: Sohan retires; Ravi & Neena take in 2:1; new ratio: (B) 7:3
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(b) Kunal retires; Raj & Leela new ratio 5:3; gaining ratio: (C) 21:11
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Forfeiture and reissue of shares
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(a) 6,000 shares of ₹25; unpaid final call ₹5: max discount on reissue: (C) Rs 1,20,000
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(b) 5,000 shares of ₹20; unpaid ₹4: minimum amount to collect on reissue: (A) Rs 20,000
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Nishi Ltd. – Issue of 11% Debentures 80,000 × ₹100 @ 9% premium, redeemable @ 7% premium; amount debited to Loss on Issue of Debentures:
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(C) Rs 5,50,000
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Capital adjustment after retirement
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P, Q, R with new ratio 2:3; payment to retired partner brought in by continuing partners: (B) Sunil Rs 1,20,000 and Amit Rs 1,80,000
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Glaze Ltd. – Debentures issued at 4% discount for asset purchase of ₹3,84,000
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Number of debentures: (D) 4,000
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Interest on drawings
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(a) Teena withdraws ₹20,000 at beginning of each month @ 6% p.a.: (A) Rs 7,800
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(b) Rohan withdraws quarterly at beginning; average period: (C) 7½ months
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Sacrificing ratio when S is admitted (P, Q, R → S gets 1/8; Q retains share)
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Sacrificing ratio of P : R: (C) 3:2
Part B – Analysis of Financial Statements
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Debt–Equity Ratio 2:1 – transaction that increases the ratio
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(B) Issue of 8% Debentures Rs 5,00,000
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(a) Correct statements (from given list): (D) I and IV
(b) Ratios measuring efficiency of operations by resource utilisation: (A) Turnover Ratios -
From given statements, correct option:
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(A) Statement I is true and statement II is false
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Cash flow / analysis based question (as shared):
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(a) (C) Rs 26,000
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(b) (B) Rs 62,000
CBSE 12th 2026 Accounts Answer Key – Other Sets
| Q. No. | Answer (Option) |
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| 1 | (C) 15% |
| 2 | (B) Rs 6 per share |
| 3 | (C) Rs 45,000 |
| 4 | (B) 31 : 41 : 18 |
| 5 | (C) Rs 10,000 will be credited to Realisation A/c |
| 6 | (C) Nidhi Rs 9,000; Kunal Rs 6,000 |
| 7 | (C) 4 : 1 |
| 8 | (C) Rs 2,45,000 |
| 9 | (A) Both Assertion and Reason are correct and Reason is not the correct explanation |
| 10(a) | (D) Credited, Rs 3,600 |
| 11 | (A) Rs 60,000 |
| 12 | (B) Rs 3,72,000 |
| 13 | (C) Rs 5,00,000 |
| Q. No. | Part | Answer (Option) |
|---|---|---|
| 1 | A | (A) Rs 3,500 |
| 2 | A | (D) Rs 3,000 |
| 3(a) | A | (C) Issuing partly paid bonus shares to existing shareholders |
| 3(b) | A | (D) Any of the above / all of the above |
| 4(a) | A | Dr Deepan’s Current A/c Rs 1,000; Cr Dilshad’s Current A/c Rs 1,000 |
| 4(b) | A | Mansha’s Capital A/c Dr Rs 1,20,000; To Kabir’s Capital A/c Rs 30,000; To Divya’s Capital A/c Rs 90,000 |
| 5 | A | (D) Out of profits |
| 6(a) | A | (A) Rs 22,00,000 |
| 6(b) | A | (C) Unsecured Debentures |
| 7 | A | (C) 5% |
| 8(a) | A | (D) Rs 80,000 |
| 8(b) | A | (A) Debited Rs 20,000 |
| 9 | A | (B) Rs 10,000 |
| 10(a) | A | (C) Rs 30,000 |
| 10(b) | A | (B) Varun Rs 1,50,000; Tarun Rs 1,00,000 |
| 11 | A | (B) Rs 3,60,000 |
| 15 | A | (D) 1 : 1 |
| 16 | A | (B) 2/15 |
| 23(i) | A | (C) Rs 30,00,000 |
| 23(ii) | A | (B) Rs 28,00,000 |
| 23(iii) | A | (A) Rs 26,70,000 |
| 23(iv) | A | (D) Rs 26,94,000 |
| 23(v) | A | (C) Rs 16,000 |
| 23(vi) | A | (A) Rs 2,000 |
| 27 | B | (D) Statement I is true; Statement II is false |
| 28 | B | (C) Outstanding electricity bill paid Rs 41,000 |
| 29(a) | B | (C) Purchase of marketable securities Rs 20,000 |
| 29(b) | B | (D) Cash deposited in the bank |
| 30(a) | B | (C) Revenue from operations |
| 30(b) | B | (B) Common size statement |
Exam Paper Review
The 2026 CBSE Class 12 Accountancy paper was considered moderate to slightly lengthy by most students. Numerical problems tested understanding of partnership adjustments, share forfeiture entries, goodwill calculations, and conceptual application of accounting theory.
Questions such as interest on drawings, reserve capital, and gaining ratio were direct, while computations involving goodwill and debenture issue required careful calculation.
How to Use This Unofficial Answer Key
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Cross-check only those questions you clearly remember to estimate a probable score; final marks may vary as CBSE marking often gives step-wise and method marks.
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Do not panic if your answers differ in a few places; small presentation/format differences can still earn partial marks.
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Official marking scheme/answer key will be reflected only when CBSE declares the Class 12 result 2026; until then, this key is only for self-evaluation.
If you want, share which set you attempted and how many of these answers match your responses, and I can help you roughly estimate your score section-wise.
Disclaimer
This is an unofficial answer key prepared for students’ reference. The final and official marking scheme will be released by CBSE after evaluation. Students should cross‑verify answers with their teachers for confirmation.
