Most Probable Questions Booklet – Class 12 (Accountancy Part II) Chapter 3: Financial Statements of a Company

Ace your CBSE Class 12 Accountancy Board Exam with the Most Probable Questions Booklet for Part II – Chapter 3: Financial Statements of a Company.

This booklet has been carefully prepared after analyzing over a decade of CBSE exam papers, ensuring that students focus only on the most relevant and frequently asked questions. It provides answer-writing guidelines, formats, and exam-oriented strategies to help learners score full marks in both theory and application-based questions.

What’s Inside the Booklet?

• Most Probable Questions – Covering key areas such as structure and format of a company’s Balance Sheet and Statement of Profit & Loss (as per Schedule III, Companies Act 2013), treatment of items like share capital, reserves & surplus, non-current and current assets, non-current and current liabilities, notes to accounts, and adjustments.

• Answer Writing Guidelines – Step-by-step approach to presenting financial statements with proper headings, sub-totals, and notes, ensuring compliance with CBSE marking scheme.

• Chapter-Wise Question Trends – Insights into frequently asked questions (format-based, adjustments, and theoretical).

• Focus Areas for Preparation – Key concepts like distinction between current and non-current items, treatment of provisions, importance of notes to accounts, and common adjustments appearing in exams.

✅ Why This Booklet?

• Includes only high-probability exam questions based on CBSE trends.

• Provides clear exam-ready formats and strategies aligned with marking scheme.

• Saves revision time by focusing on essential exam-relevant content.

• Covers both theory and practical application for 4–6 mark questions.

This booklet is a must-have resource for Class 12 students aiming to master Accountancy Part II – Chapter 3: Financial Statements of a Company and secure excellent marks in their board exam.