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ICSE Class 12 Accountancy — Formula Sheet

ICSE Class 12 Accountancy formula sheet, chapter by chapter — 31 formulas across 6 chapters. Follows the ICSE / ISC syllabus.

How to Use the Formula Sheet

  1. Write, don't just read — writing each formula out helps it stick.
  2. Understand the derivation — you can rebuild a formula you half-remember.
  3. Group related formulas — link the ones that build on each other.
  4. Test yourself — cover the sheet and write the formulas from memory.

Chapter-Wise Formulas — 6 Chapters

New share = Old share - Sacrifice share
Sacrificing ratio = Old ratio - New ratio
New partner's share of goodwill = Value of firm's goodwill × New partner's share of profit
Average Profit = Total profits / No. of years
Value of goodwill = Average profit (Actual) × No. of years' purchase
The full Reconstitution of Partnership : Admission of a Partner formula sheet
New share = Old share + Acquired Gaining share
Gaining ratio = New ratio - Old ratio
Sacrificing ratio = Old ratio - New ratio
Average Profit = Total Profits ÷ No. of Years
Super Profit = Average Profit − Normal Profit
The full Reconstitution of Partnership : Retirement of a Partner formula sheet
Deceased Partner's share of profit = Last year's profit / Average of Profit × (Time till date of death / 12 or 365) × Share of Deceased Partner
Deceased partner's share of profit = (Last year's profit / Last year's sales) × Sales till date of death × Share of deceased partner
Average Profit = Total Profits ÷ No. of years
Value of goodwill = Weighted Average Profit × Number of years' purchase
Gaining ratio = New ratio - Old ratio
The full Reconstitution of Partnership : Death of a Partner formula sheet

3 more chapters below

Formula sheets for all 6 chapters with formulas.

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Frequently Asked Questions

Where can I find ICSE Class 12 Accountancy Formula Sheet?

This page has formula sheet for 6 chapters of ICSE Class 12 Accountancy for the board exams 2027. Each chapter links to its own page with the full set.

Go through the syllabus first, then work chapter by chapter: learn the ideas, practise questions, and revise with notes and flashcards. Leave time at the end to revise every chapter once more under timed conditions.

Learn the formulas you use most first, and understand what each symbol means so you can apply them. Knowing where a formula comes from helps you rebuild it if you forget it in the exam.

Browse Formula Sheet by Chapter

6 chapters

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