List of Accountancy Class 12 Chapters and MCQ Practice Sets
Chapter Wise MCQs for Accountancy Class 12 are sets of multiple-choice questions arranged chapter by chapter from the latest CBSE syllabus. These questions help students prepare for board exams, competitive tests, and enhance their practical accounting knowledge. Practicing structured MCQs improves speed, accuracy, and understanding of core accountancy principles, making it valuable for exams and real-life scenarios.
| Chapter No. | Chapter Name | MCQ Coverage |
|---|---|---|
| 1 | Accounting for Partnership Firms: Basic Concepts | Yes |
| 2 | Change in Profit Sharing Ratio among the Existing Partners | Yes |
| 3 | Admission of a Partner | Yes |
| 4 | Retirement or Death of a Partner | Yes |
| 5 | Dissolution of a Partnership Firm | Yes |
| 6 | Financial Statements of Not-for-Profit Organisations | Yes |
| 7 | Issue of Shares | Yes |
| 8 | Issue of Debentures | Yes |
| 9 | Redemption of Debentures | Yes |
| 10 | Financial Statements of Companies | Yes |
| 11 | Financial Statement Analysis | Yes |
| 12 | Comparative and Common Size Statements | Yes |
| 13 | Accounting Ratios | Yes |
| 14 | Cash Flow Statement | Yes |
Chapter Wise MCQs for Accountancy Class 12: Main Features
Chapter Wise MCQs for Accountancy Class 12 help you understand each topic deeply. These sets test both factual knowledge and application skills. Practicing these MCQs allows students to cover every chapter equally, ensuring balanced preparation for board exams and competitive tests.
How to Use Chapter Wise MCQs for Accountancy Class 12
Start by reviewing the concepts of each chapter in your textbook. Attempt the MCQs for that chapter without looking at the answers. After finishing, check your responses and read the explanations given. This process helps identify gaps in your understanding and builds confidence for the main exam.
Sample MCQs from Accountancy Chapters
Here are some example MCQs with solutions to illustrate the style and approach:
-
Q1. In partnership accounts, interest on capital is provided when it is
(a) mentioned in the Partnership Deed
(b) required by law
(c) at the option of partners
(d) never allowed
Answer: (a) mentioned in the Partnership Deed -
Q2. Which of the following is a current liability?
(a) Long-term loan
(b) Debentures
(c) Outstanding expenses
(d) Preliminary expenses
Answer: (c) Outstanding expenses -
Q3. The statement showing the sources and uses of cash is called:
(a) Cash Flow Statement
(b) Profit & Loss Statement
(c) Balance Sheet
(d) Fund Flow Statement
Answer: (a) Cash Flow Statement
Benefits of Practicing Chapter Wise MCQs for Accountancy Class 12
Regular MCQ practice improves exam accuracy, confidence, and time management. At Vedantu, we simplify accountancy MCQs with detailed explanations, ensuring students understand both the right and wrong choices. These MCQs reflect the latest CBSE patterns and are helpful for school boards and competitive exams alike.
- Covers every chapter and question type
- Strengthens both basic and applied concepts
- Boosts speed, accuracy, and confidence
- Supports revision right before exams
Chapter Wise MCQs for Accountancy Class 12 PDF Download
For offline study and quick revision, you can download the compiled MCQs for all chapters in PDF format. Practice anywhere, anytime – even without internet. Click here for the free resource: Chapter Wise MCQs for Accountancy Class 12 PDF.
Internal Resources for Further Practice
For in-depth solutions or concept clarity in specific chapters, explore:
- DK Goel Solutions Class 12 Accountancy Volume 1 Chapter 1
- TS Grewal Solutions Class 12 Accountancy Volume 1 Chapter 2
- Analysis of Financial Statements
- Accounting for Partnership Firm
- Financial Statements of a Company
- Issue of Debentures
- Accounting Ratios
- Cash Flow Statement
- Methods of Depreciation
Why Use MCQs for Accountancy Exam Preparation?
MCQs train students to identify key accounting principles, spot errors quickly, and solve problems under time pressure. This skill is crucial for scoring high in CBSE and for later commerce or business-related exams. Vedantu’s chapterwise resources support you every step of the way.
Summary
Chapter Wise MCQs for Accountancy Class 12 give full coverage of the CBSE syllabus. They build speed, confidence, and conceptual clarity for board and competitive exams. Use the free PDF, regular practice, and Vedantu’s expert explanations to master each chapter and excel in your Class 12 Accountancy exams.
FAQs on Accountancy Class 12 Chapter Wise MCQs with Solutions
1. What are Chapter Wise MCQs for Accountancy Class 12?
Chapter-wise MCQs for Accountancy Class 12 are sets of multiple-choice questions organized by each chapter in the CBSE syllabus. They're designed for focused revision and exam preparation, helping students test their understanding of key accounting concepts and improve their accuracy in answering MCQs.
2. How do MCQs help in CBSE Class 12 Accountancy exam preparation?
MCQs offer a targeted way to prepare for the Class 12 Accountancy exam. They help you:
- Identify areas where you need more practice.
- Improve your speed and accuracy in answering questions under time pressure.
- Test your understanding of key concepts.
- Familiarize yourself with the exam format.
3. Are these MCQs based on the latest CBSE syllabus?
Yes, these MCQs are meticulously designed to align with the latest CBSE syllabus for Class 12 Accountancy, ensuring that your practice reflects the current exam pattern and content.
4. Can I download Chapter Wise MCQs for free in PDF format?
A downloadable PDF of these chapter-wise MCQs for Class 12 Accountancy is available. Look for the download link on the page.
5. How can I improve my accuracy in solving Accountancy MCQs?
To boost accuracy in Accountancy MCQs:
- Thoroughly understand each accounting concept.
- Practice regularly with diverse question types.
- Review your mistakes to learn from them.
- Use resources like solved examples and chapter-wise MCQs.
6. What are the chapters in Accountancy Class 12?
The Class 12 Accountancy syllabus covers various chapters, including but not limited to: Partnership Accounts, Company Accounts, Analysis of Financial Statements, and Cash Flow Statements. A detailed chapter list is available on the page.
7. How many MCQs are asked in class 12 Accountancy board exam?
The number of MCQs in the Class 12 Accountancy board exam varies from year to year; however, it's a significant portion of the paper. Refer to the official CBSE exam guidelines for the exact number and weightage.
8. Do these MCQs have detailed answers?
Yes, each MCQ includes a concise explanation clarifying the correct answer and highlighting common errors.
9. How to prepare for Accountancy MCQ exams?
Effective preparation involves:
- Understanding core accounting principles.
- Practicing a wide range of MCQs, including those on partnership accounts, company accounts, and financial statement analysis.
- Reviewing your errors and seeking clarification on difficult concepts.
- Utilizing chapter-wise MCQs and sample papers for targeted practice.
10. What are the most common mistakes students make in Accountancy MCQs?
Common mistakes include misinterpreting questions, overlooking key details, and confusing similar accounting concepts. Careful reading and thorough understanding of the syllabus are key to avoiding such errors.
11. Chapter wise mcqs for accountancy class 12 pdf
A free PDF containing chapter-wise MCQs for Class 12 Accountancy is available for download. This resource provides comprehensive practice material for all topics in the CBSE syllabus.
