CBSE Class 12 Accountancy Chapter 5 Company Accounts and Analysis of Financial Statements – NCERT Solutions 2025-26
FAQs on Download free NCERT Solutions PDF for Class 12 Accountancy Chapter 5 – Company Accounts and Analysis of Financial Statements. Accurate, exam-ready answers for CBSE 2025.
1. What are the different types of company accounts covered in Class 12 Accountancy Chapter 5?
Class 12 Accountancy Chapter 5 covers all key types of company accounts needed for board exams. Major types include:
- Share Capital Accounts: Issue, forfeiture, and re-issue of shares at par and premium.
- Debenture Accounts: Issue and redemption of debentures.
- Financial Statement Accounts: Company balance sheet and Statement of Profit & Loss as per Companies Act, 2013 (Schedule III).
- Reserves & Surplus: Treatment and disclosure as per CBSE marking schemes.
2. How do you solve accounting ratio problems as per CBSE board marking scheme?
To solve accounting ratio questions for Class 12 Company Accounts:
- Start with writing the correct formula (e.g., Current Ratio = Current Assets / Current Liabilities).
- List all data extracted from the financial statements.
- Show every calculation stepwise in a tabular format if possible.
- Present your answer neatly and highlight the final ratio value.
- Follow the presentation as per CBSE sample papers for maximum marks.
3. Where can I download free PDF NCERT solutions for Class 12 Accountancy Chapter 5?
You can easily download the NCERT Solutions for Class 12 Accountancy Chapter 5 in PDF format for free from trusted EdTech platforms like Vedantu:
- Select the Company Accounts and Analysis of Financial Statements chapter.
- Look for the 'Download PDF' CTA button.
- No login or registration is usually required for access.
This ensures syllabus-aligned, board-focused solutions for your revision needs.
4. What is the latest CBSE exam pattern for Company Accounts and Analysis of Financial Statements?
The CBSE 2025 exam pattern for Class 12 Accountancy (Company Accounts):
- Accounting for Companies: 24 marks
- Analysis of Financial Statements: 12 marks
- Cash Flow Statement: 8 marks
- Questions include MCQs, practical numericals, and theory
- Formats like balance sheets, ratio analysis, and cash flow statement are frequently asked
5. How can I avoid common mistakes in company accounts questions for board exams?
Avoid these common mistakes in Company Accounts for the best board marks:
- Use correct formats for balance sheets and cash flow statements as per Schedule III.
- Show clear stepwise working for shares, debentures, and ratios.
- Do not skip statutory requirements or important headings.
- Cross-check all calculations and presentation style before submitting.
6. Are these solutions helpful for TS Grewal and board paper preparation as well?
Yes, these NCERT Solutions align with TS Grewal textbook questions and follow the CBSE Board Exam pattern:
- Stepwise answers and formats match what is accepted in both NCERT and TS Grewal.
- Use these for concept clarity, format practice, and previous year board question preparation.
7. What are the most important formulas for Class 12 Company Accounts and Analysis of Financial Statements?
Key CBSE formulas in this chapter include:
- Current Ratio = Current Assets / Current Liabilities
- Debt Equity Ratio = Total Debt / Equity
- Return on Investment (ROI) = Net Profit / Capital Employed
- Net Profit Ratio = Net Profit / Revenue from Operations × 100
Memorize these for quick revision and solving numericals.
8. What topics are included in the CBSE 2025 syllabus for Company Accounts and Analysis of Financial Statements?
The CBSE 2025 syllabus for Class 12 Accountancy Chapter 5 includes:
- Types of companies
- Issue, forfeiture, and re-issue of shares and debentures
- Preparation of company financial statements as per Companies Act
- Financial statement analysis: Comparative statements, common size statements, ratio analysis, and cash flow statements
9. How do I quickly revise Company Accounts for the Class 12 board exams?
Follow this fast-track revision for Company Accounts:
- Make a summary sheet of all key formulas, formats, and journal entries.
- Focus on high-frequency board questions from past papers.
- Practice a few solved numericals for each type (shares, debentures, ratios).
- Use downloadable one-page revision notes from trusted education platforms.
10. What are the main differences between shares and debentures covered in this chapter?
The core differences between shares and debentures for Class 12 Accountancy are:
- Shares: Ownership in the company, receive dividends, can vote, part of equity
- Debentures: Debt instrument, fixed interest, no voting rights, company is liable to repay
- Both require separate accounting entries for issue, redemption, and presentation in company accounts.
11. How can I practice Class 12 Company Accounts MCQs and previous year board questions?
For comprehensive MCQ and previous year board practice in Company Accounts:
- Visit reliable study platforms hosting MCQ quizzes and previous year questions for Chapter 5.
- Download and attempt the PDFs of past board questions and MCQ sheets.
- Review answer keys for self-assessment and time management improvement.
12. What is the format for preparing a Balance Sheet as per Schedule III of the Companies Act, 2013?
The Balance Sheet format for companies (CBSE Class 12, Schedule III) is:
- Assets and liabilities are shown under vertical format.
- Major heads: Equity & Liabilities (Shareholder's Funds, Non-Current & Current Liabilities) and Assets (Non-Current & Current Assets).
- Include all statutory subheads and totals as per Schedule III (Division I) of the Companies Act, 2013.
