CBSE Class 12 Accountancy Sample Paper 2026-27 With Solution PDF Download | Official SQP 055
CBSE Class 12 Accountancy Sample Paper 2026-27 With Solution PDF Download | Official SQP 055
In this post, you will get:
✅ Official CBSE Accountancy Sample Paper 2026-27
✅ Subject Code 055
✅ Official PDF Download Link
✅ Marking Scheme / Solution Link
✅ Latest Question Paper Pattern
✅ Important topics to practise
✅ Section-wise paper structure
✅ Exam preparation strategy
✅ Accountancy notes and useful CommerceWallah12 posts
✅ YouTube learning resources
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📚 CBSE Class 12 Accountancy Sample Paper 2026-27 – Overview
| Particular | Details |
|---|---|
| Board | CBSE |
| Class | XII |
| Subject | Accountancy |
| Subject Code | 055 |
| Session | 2026-27 |
| Sample Paper | Official CBSE SQP |
| Maximum Marks | 80 Marks |
| Time | 3 Hours |
| Total Questions | 34 Questions |
| Part A | Partnership Firms and Companies |
| Part B | Analysis of Financial Statements / Computerised Accounting |
| Project | 20 Marks |
The official CBSE Sample Question Paper states that the Accountancy examination carries 80 marks for theory and has a duration of 3 hours. The sample paper contains 34 questions, and all questions are compulsory.
🔥 Official CBSE Class 12 Accountancy Sample Paper 2026-27 PDF
Students should always give first preference to the official CBSE Sample Question Paper rather than relying only on unofficial PDFs circulating on social media or other websites.
📥 Download Official Accountancy SQP 2026-27
👉 Download Official CBSE Accountancy Sample Paper 2026-27 – Subject Code 055
This is the official CBSE Accountancy (055) Sample Question Paper for Class XII, Session 2026-27.
📥 Official CBSE SQP & Marking Scheme Page
👉 CBSE Class XII 2026-27 Sample Question Papers & Marking Schemes
On the official CBSE page, students can select Accountancy → SQP for the question paper and MS for the marking scheme.
Important: The CBSE Marking Scheme should be used as the official answer/assessment reference. It is better to practise the paper yourself first and then check your answers using the marking scheme.
📝 CBSE Class 12 Accountancy 2026-27 Paper Pattern
The official 2026-27 Sample Question Paper contains 34 questions.
The paper is divided into:
Part A – Accounting for Partnership Firms and Companies
Part A is compulsory for all students.
Part B – Choose One Option
Students have to attempt only one of the following:
Analysis of Financial Statements
Computerised Accounting
The official SQP clearly mentions that Part B has these two options.
📊 Marks Distribution in Official SQP
According to the official CBSE Sample Question Paper:
| Questions | Marks per Question |
|---|---|
| Q1–Q16 | 1 mark each |
| Q17–Q20 | 3 marks each |
| Q21–Q22 | 4 marks each |
| Q23–Q26 | 6 marks each |
| Q27–Q30 | 1 mark each |
| Q31–Q32 | 3 marks each |
| Q33 | 4 marks |
| Q34 | 6 marks |
There is no overall choice, but internal choices are provided in selected questions. The 2026-27 SQP states that internal choice is provided in 2 questions of 3 marks, 2 questions of 4 marks and 2 questions of 6 marks.
⭐ What Type of Questions Are Asked?
The official 2026-27 SQP gives students a good idea of the types of questions they need to practise.
You can expect questions based on:
1. MCQs
One-mark questions can test:
Accounting concepts
Partnership adjustments
Goodwill
Revaluation
Share Capital
Debentures
Dissolution
Retirement/Death of Partner
Company accounts
For example, the official SQP includes questions involving Workmen Compensation Reserve, interest on drawings, securities premium, pro-rata allotment, partner's loan, goodwill and guarantee of profit.
2. Assertion-Reason Questions
Students should not ignore Assertion-Reason questions.
For example, the official SQP includes an Assertion-Reason question related to:
Securities Premium and Forfeiture of Shares.
Therefore, students should revise both the concept and the reason behind accounting treatment instead of simply memorising journal entries.
3. Numerical Questions
Numerical questions remain an important part of Accountancy preparation.
The official SQP includes practical questions on:
Interest on Drawings
Goodwill
Revaluation
Share Capital
Forfeiture and Reissue
Debentures
Partnership Adjustments
Admission
Retirement
Dissolution
For example, the SQP includes a question requiring calculation of goodwill based on average profits and another question involving issue of debentures at a discount and redemption at a premium.
4. Journal Entries
Journal entries are extremely important for Accountancy.
Students should practise entries related to:
Partnership
Admission
Retirement
Death
Change in Profit-Sharing Ratio
Dissolution
Goodwill
Revaluation
Reserves
Company Accounts
Issue of Shares
Oversubscription
Pro-rata Allotment
Forfeiture
Reissue
Issue of Debentures
Debentures as Collateral Security
5. Case-Based / Application-Based Questions
Students should not prepare Accountancy only through direct questions.
The official SQP also includes questions where students have to apply accounting concepts to a given situation.
For example, the 2026-27 SQP contains a detailed partnership question involving change in profit-sharing ratio, goodwill, revaluation, provision for doubtful debts, unrecorded liability and capital adjustment.
🧠 Exam Tip
When you see a long case study:
Read → Identify the concept → Write the formula/rule → Calculate → Prepare the required account/entry
Do not start calculating randomly.
📖 Major Areas Students Should Practise
Unit 1 – Accounting for Partnership Firms
Give special attention to:
Partnership Deed
Profit-Sharing Ratio
Fixed and Fluctuating Capital
Profit and Loss Appropriation Account
Interest on Capital
Interest on Drawings
Partner's Salary and Commission
Guarantee of Profit
Past Adjustments
Partnership Reconstitution
Practise:
Change in Profit-Sharing Ratio
Admission of a Partner
Retirement of a Partner
Death of a Partner
Goodwill
Revaluation Account
Reserves and Accumulated Profits/Losses
Adjustment of Capitals
The official SQP includes questions covering these areas, including change in ratio, admission, retirement and death-related adjustments.
🏢 Unit 2 – Accounting for Companies
Important areas include:
Share Capital
Students should practise:
Issue of Shares
Issue at Par
Issue at Premium
Oversubscription
Pro-rata Allotment
Calls
Calls in Arrears
Forfeiture
Reissue
Balance Sheet presentation
The official 2026-27 SQP includes questions on pro-rata allotment, securities premium, forfeiture and preparation of the Share Capital section of the Balance Sheet.
💰 Accounting for Debentures
Practise:
Issue of Debentures
Issue at Par
Issue at Premium
Issue at Discount
Redemption at Premium
Issue for Consideration Other Than Cash
Debentures as Collateral Security
Journal Entries
Balance Sheet presentation
The official SQP includes a 6-mark question involving issue of debentures at discount, redemption at premium and debentures issued as collateral security.
🔄 Dissolution of Partnership Firm
Students should revise:
Realisation Account
Partners' Capital Accounts
Bank/Cash Account
Treatment of Assets
Treatment of Liabilities
Unrecorded Assets
Unrecorded Liabilities
Realisation Expenses
The official SQP includes a 3-mark dissolution question requiring journal entries for treatment of debtors, provision for doubtful debts, loans and creditors.
📊 Part B – Analysis of Financial Statements
If you have selected Analysis of Financial Statements, revise:
Financial Statements
Comparative Statements
Common Size Statements
Accounting Ratios
Cash Flow Statement
Practise both:
Formula + Interpretation
Do not learn ratios only by memorising formulas.
💻 Part B – Computerised Accounting
If you have selected Computerised Accounting, revise:
Computerised Accounting System
Spreadsheet
Accounting Software
Database concepts
Codification
Hierarchy
Accounting reports
Security and controls
Practise both theory and application-based questions.
🎯 How to Use the Official Sample Paper Correctly
Many students download the SQP but do not use it properly.
Here is a better method.
Step 1 – Attempt the Paper Like a Board Exam
Sit with:
⏱️ 3 Hours
📄 Question Paper
✍️ Answer Sheet
📚 No Book
📱 No Mobile
Try to create an actual examination environment.
Step 2 – Check Your Answers
After completing the paper, check your answers using the official CBSE Marking Scheme.
Do not check after every question.
First complete the entire paper.
Step 3 – Prepare an Error List
Make a small notebook called:
"My Accountancy Mistake Book"
Write:
❌ Formula mistakes
❌ Calculation mistakes
❌ Journal-entry mistakes
❌ Wrong ratio
❌ Wrong format
❌ Wrong working note
❌ Conceptual mistakes
Before the next sample paper, revise this list.
⭐ Sample Paper Strategy for Accountancy
Use this simple cycle:
Attempt → Check → Find Mistakes → Understand → Reattempt
This is much more useful than simply solving many papers without analysing your mistakes.
📌 Important Questions Students Should Practise
Before the board examination, make sure you can solve questions based on:
Partnership
Calculate interest on drawings.
Prepare Profit and Loss Appropriation Account.
Calculate goodwill.
Calculate sacrificing ratio.
Calculate gaining ratio.
Prepare Revaluation Account.
Prepare partners' capital accounts.
Calculate amount due to retiring/deceased partner.
Prepare Realisation Account.
Solve past adjustment questions.
Share Capital
Issue of shares at premium.
Oversubscription and pro-rata allotment.
Forfeiture of shares.
Reissue of forfeited shares.
Preparation of Share Capital section of Balance Sheet.
Debentures
Issue at discount and redemption at premium.
Issue at premium and redemption at premium.
Issue of debentures for consideration other than cash.
Debentures issued as collateral security.
Journal entries relating to debentures.
📚 Useful CommerceWallah12 Accountancy Notes
Students preparing for the 2026-27 Board Exam can also revise the following detailed Accountancy resources on CommerceWallah12.
🔗 1. Partnership Firms – Complete Notes
CBSE Class 12 Accountancy Unit 1 – Accounting for Partnership Firms Notes
Useful for:
Partnership Deed
Fixed/Fluctuating Capital
P&L Appropriation
Interest
Guarantee
Past Adjustments
🔗 2. Accounting for Share Capital
CBSE Class 12 Accountancy – Accounting for Share Capital Notes
Useful for:
Issue of Shares
Premium
Oversubscription
Forfeiture
Reissue
Balance Sheet
🔗 3. Accounting for Debentures
CommerceWallah12 – CBSE Class 12 Accountancy Debentures Notes 2026-27
Visit the CommerceWallah12 homepage and open “CBSE Class 12 Accountancy Accounting for Debentures Notes 2026–27.”
🔗 4. More Commerce Notes
CommerceWallah12 – Class 11 & 12 Commerce Notes, MCQs and PYQs
Here students can find Accountancy, Business Studies, Economics and other Commerce preparation material.
▶️ Watch Accountancy Videos on YouTube
Students who prefer video learning can also follow the SJ Commerce Classes / CommerceWallah12 YouTube channel.
CommerceWallah12 / SJ Commerce Classes – YouTube
You can use the channel for:
✅ Accountancy concepts
✅ Board exam preparation
✅ Important questions
✅ Short revision videos
✅ Numerical problems
✅ Exam tips
🧠 7-Day Sample Paper Practice Plan
If you have one week before your next full-length practice test, use this plan.
| Day | Preparation |
|---|---|
| Day 1 | Partnership concepts + formulas |
| Day 2 | Admission + Goodwill |
| Day 3 | Retirement/Death + Dissolution |
| Day 4 | Share Capital |
| Day 5 | Debentures |
| Day 6 | Part B option revision |
| Day 7 | Full Sample Paper – 3 Hours |
After the test, spend additional time analysing your mistakes.
⏰ 3-Hour Accountancy Paper Strategy
During the examination, avoid spending too much time on one question.
A simple approach is:
First
Read the question carefully.
Second
Identify the chapter/concept.
Third
Write the required formula or working.
Fourth
Solve step-by-step.
Fifth
Check your final answer.
Sixth
Move to the next question.
Remember:
Correct Working + Correct Format + Correct Calculation = Better Answer Presentation
❌ Common Mistakes Students Make
Mistake 1 – Learning only answers
Do not memorise only final answers.
Understand the accounting treatment.
Mistake 2 – Ignoring Working Notes
Working notes can make your solution easier to understand and check.
Mistake 3 – Not practising formats
Students should practise:
Revaluation Account
P&L Appropriation Account
Capital Accounts
Realisation Account
Balance Sheet
Journal Entries
Mistake 4 – Not checking the ratio
Always check:
Old Ratio → New Ratio → Sacrificing/Gaining Ratio
depending on the question.
Mistake 5 – Ignoring the Marking Scheme
After solving a sample paper, compare your answer with the official marking scheme.
📌 Is the CBSE Sample Paper 2026-27 Important?
Yes, it is an important official practice resource because it shows students the format and structure used in the CBSE Sample Question Paper for the 2026-27 session.
However, students should not assume that the exact questions in the SQP will appear in the Board Examination.
Use the SQP to understand:
Question format
Difficulty style
Marks distribution
Application-based questions
Internal choices
Answer-writing requirements
Important areas for practice
The official CBSE SQP itself should be treated as a practice and pattern-understanding resource, not as a prediction of the exact Board Exam paper.
📥 Official Links – Quick Download Section
🟢 Official CBSE Accountancy SQP 2026-27
Download Accountancy (055) Sample Question Paper 2026-27 PDF
🟢 Official CBSE Class XII SQP & Marking Scheme Page
CBSE Class XII SQP & Marking Scheme 2026-27
🟢 CBSE Accountancy 2026-27 Question Paper Design
CBSE Accountancy Question Paper Design 2026-27
The official question-paper design states 80 marks theory + 20 marks project, with the theory paper assessing remembering/understanding, applying, and analysing/evaluating/creating.
❓ Frequently Asked Questions
Q1. What is the subject code of CBSE Class 12 Accountancy?
The CBSE Class 12 Accountancy subject code is 055.
Q2. How many marks is the Accountancy theory paper?
The theory paper is of 80 marks. The project component carries 20 marks.
Q3. How much time is given for the Accountancy examination?
The official SQP specifies 3 hours.
Q4. How many questions are there in the 2026-27 Accountancy Sample Paper?
The official SQP contains 34 questions.
Q5. Is Part A compulsory?
Yes. Part A is compulsory for all candidates.
Q6. What are the options in Part B?
Part B provides two options:
Analysis of Financial Statements and Computerised Accounting.
Students have to attempt only one option.
Q7. Where can I download the official Accountancy SQP?
Students can download it from the official CBSE Academic website using the link provided above.
Q8. Is the CBSE Marking Scheme available?
Yes. CBSE's Class XII 2026-27 SQP page provides a separate MS (Marking Scheme) link for Accountancy.
Q9. Will the exact Sample Paper questions come in the Board Exam?
Students should not expect the exact questions to be repeated. The SQP is primarily useful for understanding the paper pattern, question styles and level of preparation required.
🎯 Final Revision Message for Class 12 Students
Dear students,
Don't be scared after seeing a lengthy Accountancy Sample Paper.
Accountancy becomes easier when you divide the paper into small concepts.
Understand the concept → Learn the format → Practise the calculation → Check the working → Analyse your mistake → Practise again.
The official CBSE Sample Paper is an excellent resource for practising the examination environment.
Download the paper, keep a 3-hour timer, solve it honestly, and then check your answers with the official marking scheme.
And remember:
Don't just solve the Sample Paper. Analyse the Sample Paper.
That is where real improvement begins. 📚✍️
Best wishes for your CBSE Class 12 Board Examination 2027!
📌 Keep Learning with CommerceWallah12
CommerceWallah12 / SJ Commerce Classes YouTube Channel
CommerceWallah12 | Shobhan Joshi
📚 Official Reference
This article uses the official CBSE Academic resources for the 2026-27 Class XII Accountancy (055) Sample Question Paper, SQP/Marking Scheme page and Accountancy question-paper design.
👉 Class 12 All Chapters Notes
👉 Class 11 Commerce Notes
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