Class 12 Accountancy Worksheets – Free Online Practice

Welcome to the Class 12 Accountancy Worksheets section of DigiSadhan, where students can practice important accounting concepts through chapter-wise online worksheets, questions, numerical problems and revision exercises.

Accountancy is an important subject for Class 12 Commerce students. Regular practice is useful for understanding accounting concepts, improving numerical accuracy and becoming familiar with different types of accounting questions.

This page brings together Class 12 Accountancy practice resources in one place, allowing students to select a chapter and begin practicing.

The current DigiSadhan page contains 13 chapter/topic resources, including Accounting for Partnership, Share Capital, Issue and Redemption of Debentures, Financial Statements of a Company, Analysis of Financial Statements, Accounting Ratios, Cash Flow Statement, Reconstitution and Dissolution of Partnership, Computerised Accounting System, Spreadsheet and Graphs/Charts.

Students can use these resources for:

• Daily accountancy practice
• Chapter-wise revision
• Numerical problem solving
• Concept revision
• Test preparation
• Homework
• Examination preparation
• Self-assessment

8. Choose Your Class 12 Accountancy Chapter

Create an attractive 13-card chapter grid immediately after the introduction.

Chapter 1 – Accounting for Partnership: Basic Concepts

Learn and practice fundamental concepts of partnership accounting, including partnership agreements, profit-sharing arrangements, capital accounts and related accounting adjustments.

Suggested CTA:
Practice Chapter 1 Online →

Chapter 2 – Accounting for Share Capital

Practice important concepts related to share capital and company accounting.

Students can revise concepts such as:

• Issue of shares
• Share capital
• Share application
• Share allotment
• Calls
• Over-subscription
• Under-subscription
• Forfeiture
• Reissue

CTA:
Practice Share Capital →

Chapter 2.1 – Issue and Redemption of Debentures

This section focuses on accounting treatment related to debentures.

Students can practice:

• Issue of debentures
• Redemption of debentures
• Different issue conditions
• Accounting entries
• Premium and discount concepts
• Related numerical problems

CTA:
Practice Debentures →

The current page already has this as a separate chapter resource, labelled Chapter 2.1.

Chapter 3 – Financial Statements of a Company

Practice the preparation and understanding of company financial statements.

Important areas can include:

• Balance Sheet
• Statement of Profit and Loss
• Financial information
• Classification of items
• Presentation of financial statements
• Accounting adjustments

CTA:
Practice Financial Statements →

Chapter 4 – Analysis of Financial Statements

Financial statement analysis helps students understand how accounting information can be interpreted.

Practice areas may include:

• Comparative statements
• Common-size statements
• Financial position
• Profitability
• Performance analysis
• Interpretation of accounting information

CTA:
Practice Financial Statement Analysis →

Chapter 5 – Accounting Ratios

Accounting Ratios is an important numerical area of Class 12 Accountancy.

Students can practice ratios related to:

• Liquidity
• Solvency
• Activity
• Profitability
• Financial performance

Example

Current Ratio

Current Ratio = Current Assets ÷ Current Liabilities

Students should practice both formula-based questions and numerical applications.

CTA:
Practice Accounting Ratios →

Chapter 6 – Cash Flow Statement

The Cash Flow Statement section can help students practice the classification and analysis of cash flows.

Important areas include:

• Operating activities
• Investing activities
• Financing activities
• Cash inflows
• Cash outflows
• Preparation of cash flow statements

Example

Cash received from customers generally relates to operating activities.

Cash used to purchase machinery generally relates to investing activities.

CTA:
Practice Cash Flow Statement →

Chapter 7 – Reconstitution of a Partnership Firm – Admission of a Partner

This chapter focuses on accounting adjustments when a new partner is admitted.

Students can practice:

• New profit-sharing ratio
• Sacrificing ratio
• Goodwill
• Revaluation
• Adjustment of reserves
• Capital adjustments
• Accounting entries

CTA:
Practice Admission of a Partner →

Chapter 8 – Reconstitution of a Partnership Firm – Retirement/Death of a Partner

This chapter focuses on accounting adjustments arising from the retirement or death of a partner.

Practice topics can include:

• New profit-sharing ratio
• Gaining ratio
• Goodwill adjustment
• Revaluation
• Reserves
• Settlement of partner’s account
• Capital adjustment

CTA:
Practice Retirement/Death of Partner →

Chapter 9 – Dissolution of Partnership Firm

Students can practice accounting procedures related to the dissolution of a partnership firm.

Important areas include:

• Realisation Account
• Partners’ Capital Accounts
• Bank/Cash Account
• Realisation expenses
• Settlement of liabilities
• Distribution of assets

CTA:
Practice Dissolution of Partnership →

Chapter 10 – Overview of Computerised Accounting System

This section introduces students to computerized accounting systems and their applications.

Topics may include:

• Computerised accounting
• Accounting software
• Digital accounting records
• Data processing
• Accounting information systems
• Advantages of computerised accounting
• Limitations and controls

CTA:
Practice Computerised Accounting →

Chapter 11 – Spreadsheet Online Practice Worksheet

Students can use this section to practice spreadsheet concepts and practical operations.

Possible areas include:

• Spreadsheet interface
• Rows and columns
• Cells
• Data entry
• Formulas
• Functions
• Formatting
• Basic calculations
• Tables
• Data management

Example

A spreadsheet formula may be:

=SUM(B2:B10)

CTA:
Start Spreadsheet Practice →

Chapter 12 – Use of Spreadsheet in Business Applications

Spreadsheets are widely used for organizing and analysing business information.

Students can practice applications such as:

• Budget preparation
• Sales analysis
• Expense calculations
• Financial reports
• Data analysis
• Business calculations
• Forecasting
• Tables and reports

CTA:
Practice Business Spreadsheet Applications →

Chapter 13 – Graphs and Charts for Business Data

This section focuses on presenting business information visually.

Students can practice:

• Bar graphs
• Column charts
• Line charts
• Pie charts
• Data visualization
• Business data presentation
• Chart interpretation

Example

A pie chart can be used to represent proportions of a whole.

A line chart can be useful for showing changes or trends over time.

CTA:
Practice Graphs & Charts →

9. Why Practice Class 12 Accountancy Online?

Regular practice can help students become familiar with different accounting question formats.

Key benefits include:

1. Better Concept Understanding

Students can revise accounting concepts repeatedly.

2. Numerical Practice

Repeated numerical practice can improve familiarity with accounting calculations.

3. Chapter-Wise Revision

Students can concentrate on one chapter at a time.

4. Self-Assessment

Interactive worksheets can allow students to check their understanding.

5. Exam Preparation

Students can use chapter-wise practice as part of their revision routine.

6. Convenient Learning

Online worksheets can be accessed from computers, tablets and smartphones.

10. Class 12 Accountancy Practice Strategy

A simple practice plan can be:

Step 1: Select a chapter.

Step 2: Read the important concepts.

Step 3: Attempt objective questions.

Step 4: Solve numerical questions.

Step 5: Check answers.

Step 6: Identify mistakes.

Step 7: Reattempt incorrect questions.

Step 8: Move to the next chapter.

This creates a useful learning cycle:

Learn → Practice → Check → Correct → Reattempt → Improve

11. Accountancy Numerical Practice

Numerical questions are an important component of accountancy learning.

Students should practice:

• Formula-based problems
• Journal entries
• Ledger-related questions
• Ratio calculations
• Partnership adjustments
• Share capital calculations
• Debenture calculations
• Cash flow calculations
• Financial statement preparation

Example

If:

Current Assets = ₹2,00,000
Current Liabilities = ₹1,00,000

Then:

Current Ratio = Current Assets ÷ Current Liabilities

= ₹2,00,000 ÷ ₹1,00,000

= 2 : 1

Examples like this can be incorporated into interactive worksheets.

12. MCQ Practice for Class 12 Accountancy

DigiSadhan can also use MCQs to create quick revision activities.

Example

Which statement shows the financial position of a company at a particular date?

A. Cash Flow Statement
B. Balance Sheet
C. Trading Account
D. Journal

Answer: B. Balance Sheet

13. Online Worksheet Features Recommended for DigiSadhan

For the individual chapter pages, I recommend adding:

• Start Practice button
• Random questions
• Shuffle questions
• MCQ section
• Numerical questions
• Fill-in-the-blanks
• True/False
• Check Answer button
• Show Answer button
• Next Question button
• Score counter
• Progress indicator
• Correct/incorrect feedback
• Reset Worksheet
• Print option
• PDF option where an actual PDF exists
• Mobile-friendly interface