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Class XII - Accountancy
Full Syllabus - Top 50 Most Expected MCQs
Board: CBSE NCERT (Partnership, Company Accounts, Analysis & Cash Flow)
📝 50 Multiple Choice Questions | ⏱️ 60 Minutes (For Calculations)
Board Exam 2026 Preparation Test
📚 Quick Revision Formulae & Concepts
- Partnership Fundamentals: In absence of deed, No Interest on Capital/Drawings, Salary/Commission. Interest on Loan @ 6% p.a. Profit sharing equal.
- Goodwill Valuation: Super Profit = Actual/Average Profit - Normal Profit.
- Admission/Retirement: Sacrificing Ratio = Old Ratio - New Ratio. Gaining Ratio = New Ratio - Old Ratio.
- Company Accounts (Shares): On forfeiture, Share Capital A/c is debited with the 'Called-up' amount. Discount on reissue cannot exceed amount forfeited on those shares.
- Ratio Analysis: Current Ratio = CA/CL (Ideal 2:1). Debt to Equity = Debt/Equity. Inventory Turnover = COGS / Average Inventory.
- Cash Flow Statement: Operating (Principal revenue activities), Investing (Acquisition/disposal of long-term assets), Financing (Changes in size/composition of owners' capital and borrowings).
Disclaimer: We are not affiliated with NCERT or CBSE. These questions are created for practice based on the latest syllabus pattern. Students should refer to official textbooks for final authority. Calculations are required for many questions; keep rough paper handy.
🔗 Class 12 Commerce MCQ Tests – Related Links
Students preparing for the Class 12 Board Examination 2026 can use the following NCERT-based MCQ tests for effective revision and practice.
- Class 12 Accountancy – Top 50 Important MCQs Test 2026
- Class 12 Business Studies – Top 50 Important MCQs Test 2026
- Class 12 Economics – Top 50 Important MCQs Test 2026
📌 Tip: Attempt these MCQ tests regularly to improve accuracy and exam confidence.
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