CBSE 12th 2026 Accountancy Answer Key: The Central Board of Secondary Education (CBSE) conducted the Class 12th Accountancy exam today, February 24, 2026. The CBSE 12th Accountancy Question paper was divided into Part A and Part B. The question paper typically contained 34 questions in total, and the exam was conducted for theory paper worth 80 marks.
After completing the exam, commerce stream students who appeared for the Class 12th CBSE Board Accountancy Exam can calculate their probable scores through the CBSE 12th 2026 Accountancy Answer Key. To evaluate their performance, students can refer to the CBSE Class 12th Accountancy exam analysis of different sets, which is based on initial feedback from students and reviews from subject experts. According to student's reviews as of now, the CBSE Class 12th Accountancy paper 2026 was easy. Some of the students are expecting above 70 in the theory paper.
CBSE 12th 2026 Accountancy Answer Key (Unofficial) LIVE
The Class 12th Accounts Theory paper is divided into two mandatory parts. Part A carries 60 marks and Part B carries 20 marks. While Part A was compulsory, Part B had two options, such as financial statements and computerised accounting.
The question paper included 1, 3, 4, and 6-mark questions. Also, according to the new rules, the CBSE 12th 2026 Accountancy paper emphasised competency-based questions, which now make up nearly 50% of the total weightage. Here’s the CBSE Class 12th Accountancy Unofficial Answer Key 2026:
SET - 67/4/3
|
Questions |
Answers |
|
PART - A (Accounting For Partnership Firms And Companies) Question 1: Anita and Priyal were partners in a firm sharing profits and losses in the ratio of 3: 2. On 1stApril, 2024, their capital accounts showed balances of Rs 3,00,000 and 7,400,000 respectively. The partnership deed provided for interest on capital @ 8% p.a. The firm earned a profit of Rs 28,000 for the year ended 31st March, 2025. Interest on capital allowed to Anita and Priyal was? |
(A) Anita Rs 24,000 and Priyal Rs 32,000 |
|
Question 2: Assertion (A): Goodwill is an intangible asset. Reason (R) : Goodwill is the value of the reputation of a firm in respect of profits expected in future over and above the normal profits. |
(A) Both assertion and reason are correct and reason is the correct explanation of assertion. |
|
Question 3: A portion of the uncalled capital reserved by a company to be called only in the event of winding up of the company is called |
(D) Rserve Captial |
|
Question 4: Dinesh, Siddharth and Naina were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 31st March, 2025, they decided to dissolve the firm. On this date, the firm had debtors amounting to Rs 2,10,000 and provision for doubtful debts of Rs 20,000. On dissolution, debtors of Rs 10,000 proved bad and the remaining debtors realised 90%. Amount realised from debtors will be : |
(C) Rs 1,80,000 |
|
Question 5: Asha, Manan and Niyati were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. With effect from 1st April, 2025, they agreed to share profits and losses equally. Due to change in the profit sharing ratio, Asha's gain or sacrifice will be? |
|
|
Question 6: A business earned an average profit of Rs 2,00,000 during the last few vears. The value of net assets of the business is Rs 17.00,000 and the normal rate of return in a similar business is 10%. The value of goodwill of the business by capitalisation of super-profits method will be: |
(C) 3,00,000 |
|
Question 7: (a) —---------debentures refer to those debentures where a charge is created on the assets of the company for the purpose of payment in case of default. (b) As per the provisions of Companies Act, 2013, the amount received as Securities Premium cannot be utilised to |
a - (B) Secured Debenture b - (C) Purchase fixed assets |
|
Question 8: Ankur and Angad were partners in a firm sharing profits and losses in the ratio of 8: 7. On 1st July, 2024. Angad advanced a loan of Rs 8,00,000 to the firm. There is no partnership deed. Angad demands interest on loan @ 10% p.a. On 31st March, 2025, the amount of interest on loan due to Angad will be: |
(A) Rs 36,000 |
|
Question 9: (a) Rohan and Meeta were partners in a firm profits and losses in the ratio of 5: 4. Their capitals were 3,00,000 and Rs 2,00,000 respectively. They admitted Kabir as a new partner for 1/5th share in the profits of the firm. Kabir brought Rs 1,50,000 as his capital. Kabir's share in the goodwill of the firm was: (b) Ravi, Nisha and Priya were partners in a firm sharing profits and losses in the ratio of 4: 3: 1. Ravi retired and the balance in his Capital Account after making necessary adjustments on account of reserves and revaluation of assets and re-assessment of liabilities was Rs 2,40,000. Nisha and Priya agreed to pay him Rs 2, 70.000 in full settlement of his claim. The value of goodwill of the firm was: |
a - (B) Rs 20,000 b - (C) Rs 60,000 |
|
Question 10: (a) Ravi, Sohan and Neena were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 1st April 2025, Sohan retired and his share was taken up by Ravi and Neena in the ratio of 2: 1. The new profit sharing ratio between Ravi and Neena will be: (b) Kunal. Raj and Leela were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. On 1st April, 2025, Kunal retired. Raj and Leela decided to share profits in the future in the ratio of 5: 3. The gaining ratio between Raj and Leela will be |
a - (B) 7:3 b - (C) 21:11 |
|
Question 11: (a) 6,000 shares of Rs 25 each were forfeited for non-payment of final call money of Rs 5 per share. The maximum discount that the company can allow on reissue of these shares will be: (b) 5,000 shares of Rs 20 each were forfeited for non-payment of second and final call of Rs 4 per share. The minimum amount that the company must collect at the time of reissue of these shares |
a- (C) Rs, 1,20,000 b - (A) Rs 20,000 |
|
Question 12: Nishi ltd. issued 80.000. 11% Debentures of Rs 100 each at a premium of 9%, redcemable at a premium of 7%. 'Loss on Issue of Debentures Account will be debited in the books of nishi limited.. |
(C) Rs 5,50,000 |
|
Question 13: Ravi, Sunil and Amit were partners in a firm sharing profits and losses in the ratio of 4:3: 5. On 1st April, 2025, Ravi retired. Sunil and Amit decided to share future profits in the ratio of 2: 3. After all adjustments with respect to general reserve, goodwill and revaluation, etc. the balances in the capital accounts of Ravi, Sunil and Amit stood at Rs 3,00.000, Rs 2,40,000 and Rs 3,60,000 respectively. It was decided that the amount payable to Ravi will be brought by Sunil and Amit in such a way so as to make their capitals proportionate to their new profit sharing ratio. The amount brought in by Sunil and Amit will be: |
(B) Sunil Rs 1,20,00 and Amit Rs 1,80,000 |
|
Question 14: Glaze Ltd. purchased land and building worth Rs 3,84,000 from Sia Ltd. The purchase consideration was paid by issue of 8% Debentures of Rs 100 each at 4% discount. The number of debentures issued by Glaze |
(D) 4,000 |
|
Question 15: (a) Reena and Teena were partners in a firm shanng profits and losses in the ratio of 2: 1. Teena withdrew Rs 20.000 at the beginning of each month during the year ended 31st March, 2025. Interest on drawings was to be charged @ 6% per annum. Interest on Teena's drawings for the year ended 31st March, 2025 will be: (b) Rohan and Sohan were partners in a firm shanny profits and losses equally. Rohan withdrew Rs 15,000 at the beginning of each quarter during the year ended 31st March, 2025. Rohan's drawings will be calculated for an average |
a- (A) Rs 7800 b - (C) 71/2 months |
|
Question 16: P, Q and R were partners in a firm sharing profits and losses in the ratio of 6:5:4. They admitted S as a new partner for 1/8th share in the profits of the firm. It was agreed that Q would retain his original share. The sacrificing ratio of P and R will be |
(C) 3:2 |
|
Part - II (Analysis of financial Statements) Question 27: The Debt-Equity Ratio of a company is 2: 1. Which of the following transactions will increase the Debt-Equity Ratio? |
(B) Issue of 8% Debentures Rs 5,00,000 |
|
Question 28: (a) Which of the following statements are corrcet? (b) Ratios that are calculated for measuring the efliciency operations of business based on effective utilisation of resources are called: |
a - (D) I and IV b - (A) Turnover rATIOS |
|
Question 29: Choose the correct option from the following (Statements were given) |
(A) Sattement I is true and statement II is false |
|
Question 30: (a) The following information was obtained about the cash flows of XYZ Ltd. for the year ended 31st March: (b) The following information was obtained from the books of PQR Ltd.: |
a - (C) 26,000 b - (B) Rs 62,000 |
SET - 67/1/3
| Question Numbers | Answers |
|
Part A Question 1 |
(C) 15% |
|
Question 2 |
(B) Rs 6 Per Share |
|
Question 3 |
(C) Rs 45,000 |
|
Question 4 |
(B) 31:41:18 |
|
Question 5 |
(C) Rs 10,000 will be credited to Realisation Account |
|
Question 6 |
(C) Nidhi Rs 9000, Kunal Rs 6,000 |
|
Question 7 |
(C) 4:1 |
|
Question 8: |
(C) Rs 2,45,000 |
|
Question 9: |
(A) Both Assertion and Reason are correct and Reason is not the correct explanation of Assertion |
|
Question 10 (a) |
(D) Credite, Rs 3,600 |
|
Question 11 |
(A) Rs 60,000 |
|
Question 12 |
(B) Rs 3,72,000 |
|
Question 13 |
(C) Rs 5,00,000 |
SET Code - 67/2/1
| Questions | Answers |
|
Part A - Accounting For Partnership Firms and Companies Question 1 |
(A) Rs 3500 |
| Question 2 | (D) Rs 3000 |
| Question 3 |
A - (C) Issuing partly paid up bonus shares to the existing shareholders fo the company B - (D) Any of the above or with all the above |
| Question 4 |
a - (A) Deppan's Current A/c Dr. Rs 1,000, To Dilshad's Current A/C Rs 1,000 b - Mansha's Capital A/C Dr. Rs 1,20,00, To Kabir's Capital A/C Rs 30,000 To Divya's Capital A/C Rs 90,000 |
| Question 5 | (D) Out of profits |
| Question 6 |
a- (A) Rs 22,00,000 b - (C) Unsecured Debentures |
| Question 7 | (C) 5% |
| Question 8 |
a - (D) Rs 80,000 b - (A) Debited Rs 20,000 |
| Question 9 | (B) Rs 10,000 |
| Question 10 |
a - (C) Rs 30,000 b - (B) Varun rs 1,50,000 , Tarun Rs 1,00,000 |
| Question 11 |
(B) Rs 3,60,000 |
| Question 15 |
(D) 1:1 |
| Question 16 |
(B) 2/15 |
| Question 23 |
(i) - C Rs 30,00,000 (ii) - B Rs 28,00,000 (iii) A Rs 26,70,000 (iv) D - 26,94,000 (V) C - Rs 16,000 (Vi) A - Rs 2,000 |
|
Part - B Question 27 |
(D) Statement i is true statement ii is false |
|
Question 28 |
(C) Outstanding electricity bill paid Rs 41,000 |
|
Question 29 |
a - (C) Purchase of marketing securities for Rs 20,000 b - (D) cash deposited in the bank |
|
Question 30 |
a- (C) revenue from operation b - (B) Common size statement |
SET CODE - 67/3/1
| Question Numbers | Answers |
|
Part A Question 1 |
(D) 56:27:37 |
|
Question 2 |
(A) Both assertion and reason are correct and reason is the correct explanation of assertion |
|
Question 3 |
(a) - A Rs 1890 (b) - C Interest on Current A/C Dr. To Rao's Current A/C Rs 18000 |
|
Question 4 |
a - (A) debited , Rs 1,60,000 b - (D) Rs 13,35,000 |
|
Question 5 |
(C) |
|
Question 6 |
(B) Rs 75,000 |
|
Question 9 |
a - (C) Partners b- (C) Interest @65 p.a. on loans/advance by them to the firm |
|
Question 10 |
(A) Current accounts of partners |
|
Question 11 |
(D) 5% |
|
Question 12 |
(B) Rs 6,00,000 |
|
Question 13 |
(B) Rs 15,000 |
|
Question 14 |
(A) Rs 9400 |
|
Question 15 |
(C) Rs 90,000 |
|
Question 16 |
(C) Credited by Rs 5,00,000 |
SET CODE - 67/5/2
| Questions | Answers |
|
PART - A Question 1 |
(B) Rs 2,10,000 |
|
Question 2 |
(D) Rs 10,000 |
|
Question 3 |
(B) Called -Up Amount on Forfeited Shares |
|
Question 4 |
(C) Rs 1,16,400 |
|
Question 5 |
(C) Rs 2,50,000 |
|
Question 6 |
a - (B) 2:1 b - (C) 2:1 |
|
Question 7 |
(D) Munna's Currebt A/C...Dr. To Interest on Drawings A/C Rs 1500 |
|
Question 8 |
(B) Rs 4500 |
|
Question 9 |
a - (B) Profit and Loss A/C Dr. Rs 4000, To Guru's Capital A/C Rs 28,000 To Prakash's Capital Account Rs 12,000
|
|
Question 10 |
a- (B) Uncalled b - (D) Zero Coupon Rate Debentures |
|
Question 11 |
a - (C) Debited to P/L Suspense Account b - (A) Sashi's Sacrifice 1/8; Maya's Gain 13/40 |
|
Question 12 |
(D) Rs 13500 |
|
Question 13 |
(B) Rs 2700 |
|
Question 14 |
(A) Both Assertion and Reason are correct and Reason is the Correct explanation of Assertion |
|
Question 15 |
a - (A) Rs 3 b - (B) Rs 1,00,000 |
|
Question 16 |
(D) 1,60,000 |
CBSE Class 12th Accountancy Exam Analysis 2026
Here’s the detailed exam analysis of the CBSE Class 12th Accountancy exam 2026. It includes the overall and section-wise difficulty level of the paper.
|
Particulars |
Difficulty Level |
|
Overall Difficulty Level of Paper |
Moderate |
|
Difficulty Level of Part A |
Easy to Moderate |
|
Difficulty Level of Part B |
Moderate |
|
Was The Paper Lengthy? |
Mixed Reactions From Students. |
To pass the CBSE Class 12 Accountancy exam in 2026, students must secure a minimum of 33% marks in both the theory and the practical/project separately, as well as 33% in aggregate. While students can use the CBSE 12th 2026 Accountancy Unofficial Answer Key to calculate the probable score, they must wait for the final result to be released.
Class 12th students who appeared for the Physical Education Exam can check the answers with CBSE 12th Physical Education Answer Key 2026 : Check all sets questions and answers
Live Updates
The CBSE Class 12 Accountancy LIVE Answer Key ends. Students can check their subject Code and cross-check their answers to calculate their probable score and evaluate their performance.
As per the revised schedule, the commerce students will next appear for the Business Studies exam on March 28, 2026. Students will have a gap of one month to revise and prepare for the BST exam.
There were no direct questions asked in MCQs in most of the sets.
- Minor calculative questions in the MCQ section made the paper lengthy and tiring for students.
- Questions related to Forfeiture and Shares required lengthy calculations.
- Selecting shorter questions from the internal choices was the key to finish the paper on time.
According to the subject experts and students’s feedback the overall accountancy paper was of moderate level. However students found the paper lengthy and hence struggled with the time management. Students can check the live answer key updates of multiple sets here.
Students who received the class 12th accountancy question paper of set code - 67/4/3 can now check the answers of all the MCQs now available.
As expected the CBSE Class 12th MCQs included small calculative questions from profit and loss, sacrificing ratio, and partnership.
According to Vaibhaw Jhunjhunwala, a CBSE class 12 student from Madhya Pradesh, “the paper was lengthy as expected. The questions were moderately difficult according to me. After attempting the paper I can say the PYQs helped me prepare well.”
According to Richa Raj from Mumbai, “the paper was on the difficult side for me. On top of it the paper was lengthy. There was no time left to revise my answers.”
The difficulty level of the exam was moderate. As expected, the MCQs were more time-consuming due to mini calculations. According to Aman, a commerce student from Bihar, “the paper was of moderate level. While some questions were tricky, the overall paper was doable." most of the students looked happy and centent with the accountancy exam.
The CBSE Class 12 Accountancy Unofficial Answer Key 2026 is available here. The live question paper solving started for all sets. Students can match their set code and start to cross-check their responses. The detailed exam analysis has also been provided.
Students who appeared for the CBSE 12th Accounts exam will be provided with:
- Detailed exam analysis, which will include the overall and section-wise difficulty level of the paper.
- Unofficial answer key prepared by the subject experts.
- Students’ initial reactions from different centres.
The authorities have rung the final bell, and with this, the Class 12th Accountancy paper concludes. Students will exit the examination centres after submitting their answer sheet. As soon as the students exit the examination centre, the initial reactions will be updated.
Only 30 minutes are remaining! The CBSE Class 12th Accountancy exam 2026 will be over at 1:30 PM. Students must be cross-checking and revising their answers. The LIVE Question Paper solving will commence here shortly after the exam concludes.
According to the reports, the CBSE Class 12th 2026 Accountancy exam is underway peacefully at centres. Students will be given a warning bell at 1:15 or 1:20 PM, and the final bell will be at 1:30 PM.
|
Year |
Question Paper Difficulty Level |
|
2025 |
Moderate |
|
2024 |
Easy to Moderate |
|
2023 |
Moderate |
|
2022 |
Moderately tough |
|
2021 |
Moderate |
The CBSE Class 12th Board Accountancy Exam started at the scheduled time of 10:30 PM. Students were given 15 minutes to read the question paper. The unofficial answer key by our subject experts will be updated soon after the exam concludes at 1:30 PM. Students can use the official marking scheme to cross-check their responses, once it is available.
|
Weightage of Marks |
Question numbers |
|
1 Marks |
|
|
3 Marks |
|
|
4 Marks |
|
|
6 Marks |
|
The CBSE Class 12th Accountancy exam 2026 started as per the scheduled time of 10:30 AM. The exam will be conducted for 3 hours and the final bell will be at 1:30 PM.
According to the official schedule, the CBSE Class 12th Accountancy exam will be conducted today February 24, 2026. The exam will be for 3 hours from 10:30 AM to 1:30 PM.