CBSE Class 12 Accountancy Previous Year Question Papers with Solutions (2020-2026)

The same March 2026 Accountancy paper and marking scheme are on CBSE's question paper page and marking scheme page as ZIP files.

CBSE Class 12 Accountancy 2026 question paper: topic-wise marks

Taken question by question, with CBSE's marking scheme used to confirm each topic, Part A of the March 2026 Set 1 paper (code 67/1/1) matches the 2026-27 syllabus split of 36 and 24 marks exactly:

• Partnership firms: 36 marks. Eleven MCQs (Q1, 2, 4, 5, 7 to 10, 14 to 16), three 3-mark questions on goodwill, past adjustments or a guaranteed profit, and partner's commission (Q17, 18, 20), a 4-mark question on goodwill and a partner's share of profit (Q22), dissolution with a Realisation Account (Q23, 6 marks) and admission or retirement (Q25, 6 marks).
• Company accounts: 24 marks. Five MCQs (Q3, 6, 11 to 13), paying a vendor in shares, or paying for a business taken over in debentures (Q19, 3 marks), issue of debentures (Q21, 4 marks), issue or forfeiture and reissue of shares (Q24, 6 marks) and share capital in the balance sheet (Q26, 6 marks).
• Part B, Analysis of Financial Statements option: 20 marks. Four MCQs (Q27 to 30), balance sheet heads and sub-heads (Q31, 3), a comparative balance sheet (Q32, 3), ratios (Q33, 4) and cash flow from operating activities (Q34, 6).

Source: CBSE Class 12 Accountancy question paper 67/1/1 and marking scheme (March 2026), 2026-27 curriculum, Gradehunt analysis.

Three details are easy to miss:

• Q26 was a 6-mark question made of six 1-mark MCQs on one company's share capital. Add the 16 MCQs in Part A and the four in Part B, and 26 of the 80 marks were multiple choice.
• Twelve questions had an internal choice: seven MCQs (Q3, 4, 6, 7, 9, 27, 29) and five written questions (Q18, 19, 24, 25, 33). The 2026-27 sample paper's instructions mention choices only in written questions: two each of 3, 4 and 6 marks.
• The sets overlap heavily. In Set 2, 21 of the 26 Part A questions open with the same case as Set 1, in a different order. Six of the eight Part B questions on financial statements are the same; only the items to classify (Q31) and the company in the comparative balance sheet (Q32) change.

Accountancy paper pattern and time per mark

The paper has 34 questions, 80 marks and 3 hours. Part A (Accounting for Partnership Firms and Companies, 60 marks) is compulsory. Part B (20 marks) has two options, Analysis of Financial Statements or Computerised Accounting, and you answer only one. The project, or the practical work for the Computerised Accounting option, carries the other 20 marks.

At 2¼ minutes a mark, give a 3-mark question about 7 minutes, a 4-mark question 9, and a 6-mark question 13 to 14. Questions that need several accounts, such as dissolution and admission, take the longest, so move through the MCQs quickly and save the time for them.

For 2027, CBSE's 2026-27 sample paper and marking scheme carry a note that the question paper design and assessment pattern have not changed.

How the 2026 Accountancy marking scheme gives marks

• Q17, goodwill by two methods (3 marks): ½ each for the formula, normal profit, super profit and goodwill under capitalisation, then ½ for the formula and ½ for goodwill under the super profit method.
• Q18(b), guarantee of profit (3 marks): ½ for each correct line in the Profit and Loss Appropriation Account. The scheme notes that the net profit figure itself earns nothing.
• Q31, classification (3 marks): ½ for the major head and ½ for the sub-head of each item, for example stores and spare parts under Current Assets, then Inventories.
• Q33(a), ratios (4 marks): working figures such as current assets and current liabilities earn ½ each before the ratio does.

So the working is where the marks are. For Q18(a) the scheme even tells examiners to give full credit when the correct working is shown in another form. If you attempt both alternatives in Part A, or both Part B options, both are marked and the higher score counts.

Which Accountancy previous year papers to practise first

• Write 2026 Set 1 as a full paper in three hours. From Sets 2 and 3, solve only the questions that differ.
• Then write 2025 and 2024, the two most recent papers before 2026.
• Use 2023 and 2020 for extra practice by topic. The 2022 papers come from a term-wise exam, so use them for single chapters.
• Mark your journal entries and accounts against the solution line by line, and redo every question where a wrong ratio or a missed adjustment carried through the whole answer.

The full topic list for 2026-27 is in our CBSE Class 12 Accountancy syllabus guide.

If you would rather revise one chapter at a time, Gradehunt's 10 Years Solved Papers (PYQ) for CBSE Class 12 Accountancy puts the board questions from 2016 to 2026 under each chapter of the 2026-27 syllabus, marks the year on every question and shows the marks for each step of the solution.

More CBSE Class 12 commerce past papers

Solved past papers for Business Studies and Economics are also on Gradehunt.