ISC Class 12 Accounts Past Year Question Papers with Solutions (2020-2026)

If you are writing in 2027, recent papers are a close guide. Put side by side, the 2026 and 2027 Class 12 Accounts syllabus documents match word for word, and the marks for each unit have not changed since the 2025 syllabus.

How long to spend on each unit when you write a past paper

The theory paper is 80 marks in 3 hours, with 15 minutes of extra reading time. That works out to about 2 minutes 15 seconds per mark. Applied to the 2027 unit marks, it gives a time budget for each part of a past paper:

• Fundamentals of Partnership: 11 marks, about 25 minutes
• Goodwill, Admission, and Retirement or Death of a Partner: 15 marks, about 34 minutes
• Dissolution of a Partnership Firm: 8 marks, about 18 minutes
• Issue of Shares: 11 marks, about 25 minutes
• Issue and Redemption of Debentures: 8 marks, about 18 minutes
• Final Accounts of Companies: 7 marks, about 16 minutes
• Section B, Management Accounting (Financial Statement Analysis 4, Cash Flow Statement 8, Ratio Analysis 8): 20 marks, about 45 minutes
• or Section C, Computerised Accounting (Spreadsheet 10, DBMS 10): 20 marks, about 45 minutes

Source: CISCE ISC 2027 Accountancy syllabus and ISC 2026 specimen paper, Gradehunt analysis.

By this budget, partnership questions should take about 1 hour 17 minutes of your 3 hours (34 marks) and company accounts about 59 minutes (26 marks). For the full unit-wise split and project marks, see our ISC Class 12 Accounts weightage post.

ISC Accounts paper pattern: what the specimen paper shows

CISCE has not released a 2027 specimen paper for Accounts. On 3 November 2026, its 2027 specimen page lists other subjects but not Accounts. Since the syllabus is unchanged, the ISC 2026 Accounts specimen paper with answer key is still the official model to follow.

• 18 questions in all. Section A (60 marks, 10 questions) is compulsory. You then answer either Section B or Section C, with 4 questions each.
• Section A runs as ten 1-mark parts in Question 1, four 3-mark questions, three 6-mark questions and two 10-mark questions.
• The two 10-mark questions alone are a third of Section A. In the specimen, one is partners' capital accounts with a loan from a partner, the other is journal entries for a share issue.
• Internal choice is given in five Section A questions and in two questions each in Sections B and C.

Each question in the specimen is tagged with the skill it tests. In Section A, 56 of the 60 marks are tagged Application if you take the first option in every internal choice, and never fewer than 54 whichever options you pick. Recall gets 1 mark there, or 3 if you take the second option in Question 10. Section B has no Recall-tagged parts at all, while 13 of the 16 tagged parts in Section C are Recall: definitions, SQL data types, database keys and spreadsheet formulas.

That makes the B or C choice a real decision. Time yourself on Section B and Section C of the specimen paper, a few weeks before the exam, and pick the one where you scored more per minute.

Syllabus changes that affect older ISC Accounts papers

Two notes were added to the syllabus for 2026 and kept for 2027. Keep them in mind when you use papers from 2020 to 2025:

• Redemption of debentures in annual instalments by draw of lots is now marked as theoretical concepts only. Give older numerical questions on it a lower priority than the rest of the paper.
• Capital losses are written off first from Securities Premium, then from the Statement of Profit and Loss, and last from Capital Reserve. Check that any solution you study follows this order.

Use the 2022 semester papers for extra questions only, since that year's syllabus was split across two exams.

Rules to check when you mark a past paper

Older solutions do not always follow the current syllabus notes. When you mark your answers, check them against these points from the 2027 syllabus and the specimen paper's instructions:

• Show every calculation, with rough work on the same page next to the answer. The specimen paper's instructions ask for this.
• Interest on a partner's loan to the firm is a charge against profit. It goes to the Profit and Loss Account, not the Appropriation Account.
• A partner's commission is worked out on the correct trading profit, not on divisible profit.
• After admission, retirement or death, draw the Balance Sheet in horizontal format.
• In dissolution, if the question is silent, pay liabilities in full, take tangible assets and investments at book value, and take intangible assets at nil. A bank overdraft goes to the Cash or Bank Account; a bank loan goes to the Realisation Account.
• For goodwill, capital employed leaves out purchased goodwill, non-trade investments and fictitious assets.
• Ex-interest and cum-interest calculations are not required for debentures.

Gradehunt's ISC Class 12 test series covers Accounts. Your handwritten answer sheets are checked within 48 hours of upload, so you can see which of these rules is costing you marks before the board exam.

How to practise with ISC Accounts past papers

• Start with the 2026 specimen paper, then the 2026, 2025, 2024 and 2023 board papers from the table.
• Write each paper in 3 hours. Try to finish Section A in about 2 hours 15 minutes, leaving 45 minutes for Section B or C.
• After marking, list every lost mark against the units above. A gap in a 15-mark unit costs more than one in a 4-mark unit.
• Keep the 2020 and 2022 papers for extra questions once the recent ones are done.

Past papers for other ISC Class 12 subjects

Solved past papers are also available for Economics, Business Studies and Mathematics.