ISC Class 12 Accounts: Chapter-wise Notes and PYQs
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ISC · Class 12 · 2026-27
ISC Class 12 Accounts: chapter-wise study guide
All 14 chapters of ISC Class 12 Accounts for the 2026-27 session. Each chapter page explains the ideas, gives tricks to remember them, shows where students lose marks, and links to practice.
- 14 chapters
- 42 topic pages
Exam note: ISC Accountancy (858; the question paper is titled Accounts) has Paper I Theory (3 hours, 80 marks) set by CISCE on the Class XII syllabus below, and Paper II Project Work (20 marks, two projects assessed by the teacher and a Visiting Examiner). Section A (60 marks, partnership and company accounts) is compulsory; candidates then answer EITHER Section B (Management Accounting) OR Section C (Computerised Accounting), 20 marks each.
Section A: Partnership Accounts
Section A: Joint Stock Company Accounts
Section B: Management Accounting
Financial Statement Analysis
- Common Size Balance Sheet and Statement of Profit and Loss
- Comparative Statements and the Statement of Profit and Loss Format
Section B is an alternative to Section C: a candidate answers one of the two.
Cash Flow Statement
- Cash Flow from Operating Activities: Indirect Method
- Investing and Financing Activities and the Full Cash Flow Statement
- Cash Flow Statement: Meaning, AS-3 and Classification of Cash Flows
Section B is an alternative to Section C: a candidate answers one of the two.
Ratio Analysis
- Activity Ratios: Inventory, Receivables, Payables and Working Capital Turnover
- Liquidity Ratios: Current Ratio and Quick Ratio
- Profitability Ratios: Gross Profit, Net Profit, Operating Ratios, EPS, P/E and ROI
- Solvency Ratios: Debt-Equity, Proprietary, Debt to Total Assets, Interest Coverage
Section B is an alternative to Section C: a candidate answers one of the two.
Section C: Computerised Accounting
Accounting Application of Electronic Spread Sheet
- Spreadsheet Charts, Sorting, Querying and Filtering a Database
- Spreadsheet Formulas, Functions and Accounting Applications
- Electronic Spreadsheet: Concept, Features, Formatting and Printing
Section C is an alternative to Section B: a candidate answers one of the two.
Database Management System (DBMS)
- DBMS: Concepts, Features, Types and Business Applications
- SQL: SELECT, WHERE, AND and OR
- SQL: UPDATE, DELETE and the Functions AVG, COUNT, MAX, MIN, SUM
Section C is an alternative to Section B: a candidate answers one of the two.
Syllabus source: CISCE ISC 2027 Accountancy (858) syllabus, CISCE ISC 2026 Accounts specimen question paper and answer key (2026 format applies in 2027)