MCQ Questions for Class 12 Accountancy

Class 12th Accountancy Objective Questions with Answers

MCQ Questions for Class 12 Accountancy pdf comprises of the following chapters. You can practice CBSE MCQs on Accountancy Class 12 Chapter wise by clicking the relevant part of the Syllabus. These MCQ have been made for Class 12 students to help check the concept you have learnt from detailed classroom sessions and application of your knowledge. For more MCQ’s, subscribe to our email list.

Accountancy is a subject that deals with the systematic study of recording, classifying and maintaining reports on every transaction and business. Hence, it requires special attention and methodology of preparation for scoring well in the examination.

Term 1 – MCQ Questions for Class 12 Accountancy

Part A – Term 1

Unit – Accounting for Partnership Firms:

1. Fundamentals
   1. Introduction to Partnership Accounts
   2. Fundamentals of Partnership
2. Change in Profit Sharing Ratio
3. Admission of a Partner

Unit – Company Accounts:

1. Accounting for Shares

Part B – Term 1

Unit – Analysis of Financial Statements

1. Financial Statements of a Company
2. Accounting Ratios

“OR”

Computerised Accounting

1. Overview of Computerised Accounting System
2. Accounting Application of Electronic Spreadsheet

Term 2 – Accountancy Class 12

Part A – Term 2

Unit – Accounting for Not-for Profit Organisations

1. Accounting for Not-for Profit Organisations

Unit – Accounting for Partnership Firms

1. Retirement of a Partner
2. Death of a Partner
3. Dissolution of Partnership Firms

Unit – Company Accounts

1. Accounting for Debentures

Part B – Term 2

Unit – Analysis of Financial Statement:

1. Financial Statements of a Company – Comparative and Common Size Statements
2. Cash Flow Statement

“OR”

Unit – Computerised Accounting

1. Using Computerised Accounting System
2. Database Management System

Accounts Class 12 MCQ’s

To have a grip on the subject, you need to focus on every topic being taught and understand it thoroughly. For this, Commerce Aspirant provides you with the chapter-wise Accounting MCQ’s of Class 12 along with answers, well designed as per the latest guidelines and prescribed syllabus by our subject experts who have prior years of experience in this field.

Class 12th Accountancy Objective Questions provided by Commerce Aspirant covers all the crucial concepts lucidly and straightforwardly to help the students master the subject.

MCQ’s for Class 12 Accountancy

Accounts MCQ’s are being provided in a chapter-wise format to provide students ease accessing them by visiting our website. MCQ for Class 12 Accounts are one of the best pieces of study material that students can get as it will aid them to study better and reduce the stress level that they might face while the hectic year ahead.

These are curated in such a manner that by practising these MCQ’s, students can memorize all the important concepts being presented in the chapters. Class 12th Objective Questions-Answers provide students with an expert studying pattern with which they can achieve good marks in accounts exams.