NCERT Solutions for Class 12 Accountancy (2026–27)
NCERT Solutions for Class 12 Accountancy on ClearStudy cover the complete course — Partnership Accounts, Company Accounts and Analysis of Financial Statements — for the 2026–27 session. Every chapter is solved by subject experts with clear, step-by-step answers to all numerical and theory questions — from partnership reconstitution and share capital to debentures, accounting ratios and cash flow statements — so you can master the subject and revise the whole Class 12 syllabus from one place.
About Class 12 Accountancy
Class 12 Accountancy builds directly on the financial accounting foundation laid in Class 11 and divides into two textbooks. Accountancy – Partnership Accounts and Company Accounts deals with the accounting for partnership firms (profit sharing, admission, retirement, death of a partner and dissolution) and for companies (share capital and debentures). Analysis of Financial Statements covers the financial statements of a company, their analysis through comparative and common-size statements, accounting ratios and the cash flow statement. Our NCERT Solutions for Class 12 Accountancy follow the official textbook exactly — the same chapters, the same question order and the same formats.
Class 12 Accountancy – All Chapters
Here are all 10 chapters of Class 12 Accountancy. Click any chapter for detailed, step-by-step NCERT solutions.
| # | Chapter | What it covers |
|---|---|---|
| 1 | Accounting for Partnership: Basic Concepts | Partnership deed, profit and loss appropriation account, interest on capital and drawings. |
| 2 | Reconstitution of a Partnership Firm – Admission of a Partner | New profit ratio, sacrificing ratio, goodwill, revaluation and capital adjustments. |
| 3 | Reconstitution of a Partnership Firm – Retirement/Death of a Partner | Gaining ratio, goodwill treatment and settlement of a retiring or deceased partner. |
| 4 | Dissolution of Partnership Firm | Realisation account, settlement of accounts and closing the books of the firm. |
| 5 | Accounting for Share Capital | Issue of shares, calls, forfeiture and reissue of forfeited shares. |
| 6 | Issue and Redemption of Debentures | Issue of debentures, interest, and methods of redeeming debentures. |
| 7 | Financial Statements of a Company | Balance sheet and statement of profit and loss as per Schedule III. |
| 8 | Analysis of Financial Statements | Comparative statements, common-size statements and tools of analysis. |
| 9 | Accounting Ratios | Liquidity, solvency, activity and profitability ratios with interpretation. |
| 10 | Cash Flow Statement | Cash flows from operating, investing and financing activities (AS-3). |
What you get in every Class 12 Accountancy solution
How to score full marks in Class 12 Accountancy
Practise partnership and company numericals daily in the correct format, and always show your working notes — goodwill, revaluation and capital adjustments carry most of the marks. Learn accounting ratio formulas precisely and revise the cash flow format thoroughly, as these are scoring topics in the board exam.
FAQs – NCERT Solutions for Class 12 Accountancy
How many chapters are there in Class 12 Accountancy?
Class 12 Accountancy has 10 chapters across two books – Partnership and Company Accounts (Chapters 1-6) and Analysis of Financial Statements (Chapters 7-10).
Are these Class 12 Accountancy solutions free?
Yes. All NCERT Solutions for Class 12 Accountancy on ClearStudy are completely free and follow the official NCERT textbook from ncert.nic.in.
Are numerical questions solved with working notes?
Yes. Every numerical — partnership accounts, share capital, debentures, ratios and cash flow — is solved step by step in the proper format with working notes so you can follow each calculation.