CBSE Class 12 Accountancy Revision Notes

The key formats and formulas to revise for CBSE Class 12 Accountancy before the 2027 board exam. In 2026-27, Part A (Partnership Firms and Companies) carries 60 of the 80 theory marks and Part B (Financial Statement Analysis, or Computerised Accounting) carries 20.

For chapter-wise notes, open our CBSE Class 12 Accountancy revision notes.

How to Revise Accountancy

Focus on formats — journal entry, ledger, balance sheet, P&L formats.
Revise formulas — goodwill valuation, accounting ratios, cash flow adjustments.
Practise one full problem per chapter — do not just read, solve.
Review your mistake journal — do not repeat errors in the exam.

Key Formats to Remember

Journal entry format — Date, Particulars (with narration), Dr/Cr, Amount.
Profit and Loss Appropriation Account — for partnership firms.
Company Balance Sheet — Equity and Liabilities, and Assets (non-current and current), as per Schedule III.
Cash Flow Statement — Operating, Investing, Financing activities.

Revise Accountancy interactively

Super Tutor has chapter-wise Accountancy revision notes, flashcards and practice quizzes for CBSE Class 12.

Try it free

Marks split from the CBSE Class 12 Accountancy syllabus 2026-27 (cbseacademic.nic.in).

Frequently Asked Questions

How to revise Accountancy in the last week?

Solve one full problem per chapter daily. Review formats and formulas. Do NOT just read — Accountancy requires active problem-solving.

Are revision notes enough for Accountancy?

Revision notes help with formulas and formats, but you must also practise problems. Accountancy is a skill — solve, do not just read.