The October 2026 NIOS Class 12 Accountancy 320 Solved TMA is ready, with every question from the official assignment answered after a careful reading of the subject textbook. This page is built for students who want the finished file in hand, not another general explainer.
Last updated 18 July 2026 · Written by Prateek Talwar · Reviewed by Jyoti Sharma, Senior NIOS Counsellor
Accountancy (320) pairs short theory questions with numerical problems on cash books, depreciation and share capital, so an untidy or half correct answer sheet quietly costs the marks that are hardest to win back. Below you will find all six questions exactly as they appear, two complete sample answers you can read before deciding, and the steps to receive the rest.
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NIOS Class 12 Accountancy 320 Solved TMA for October 2026
This solution set covers the current 2026 assignment for subject code 320 at the senior secondary level. The theory answers are written to the exact word bands NIOS asks for, and every numerical is worked line by line with the correct account format, so what you submit reads like the work of a student who understood the lesson rather than copied a summary.
Accountancy rewards precision more than length. A truck account that balances to the rupee, a reconciliation statement that lands on the right pass book figure, a share capital entry that adjusts the excess application money correctly: these are the details that a tutor rewards, and they are the details our NIOS Accountancy 320 Solved TMA gets right.
Why the Accountancy 320 TMA Carries 20 Marks in Your Result
For a theory subject like Accountancy (320), the tutor marked assignment carries 20 marks and the public examination carries the other 80. That 20 sits on your marks sheet before you ever enter the exam hall, which means a well written assignment can turn a nervous borderline case into a settled pass.
If you are still getting to grips with how a NIOS TMA is built, each subject has one assignment of six questions. Questions one to three are short answers of about 40 to 60 words at 2 marks each, questions four and five are longer answers of 100 to 150 words at 4 marks, and question six is a 6 mark project you attempt from two options.
Tutors award these marks on content, presentation and handwriting together. That is why a clean, correctly worked Accountancy 320 answer sheet counts for as much as arriving at the right final figure, and why a rushed copy leaves marks on the table.
Full List of Questions in the Accountancy 320 Tutor Marked Assignment
Here is the complete October 2026 assignment for Accountancy (320), reproduced as printed. You attempt any one option in each of the six questions.
Question 1 · answer any one in about 40 to 60 words
(a) Do you believe that Accounting as a source of information? If yes, then explain why.
(b) A business firm will continue to carry on its activities for an indefinite period of time. Explain the going concern concept of accounting.
Question 2 · answer any one in about 40 to 60 words
(a) Material fact means the information of which will influence the decision of its user. In this context, explain the concept of convention of materiality.
(b) Your friend wants to enter into a partnership firm. But he does not know the concept of Partnership deed. As a good friend, explain him the concept of Partnership deed.
Question 3 · answer any one in about 40 to 60 words
(a) Mr. Arjun frequently deposits money into his bank account and makes payments through cheques. At the end of the month, he wants to verify his bank balance but finds discrepancies between his records and the bank's records. His banker advises him to check his Bank Pass Book to track all transactions accurately. In this context, explain the concept of a Bank Column Pass Book.
(b) Explain why the sale of assets, such as old furniture, is not recorded in the Sales Journal but rather in a different account?
Question 4 · answer any one in about 100 to 150 words
(a) From the following particulars of Shreya Traders, prepare a bank reconciliation statement on June 30, 2024.
i. Balance as per the Cash Book Rs. 38,750
ii. Rs. 250 charges for Credit card fee are debited by bank, which is not recorded in Cash Book.
iii. Cheques for Rs. 10,550 are deposited in the bank but not yet collected by the Bank.
iv. There was also a debit in the Pass Book of Rs. 2,500 in respect of a discounted bill dishonoured.
(b) Your friend is confused between a Bill of Exchange and a Promissory Note. As a good friend, explain the key differences between the two.
Question 5 · answer any one in about 100 to 150 words
(a) On October 1, 2022, the Sonika Transport Company purchased a Truck for Rs. 10,00,000. On April 1, 2024, this Truck was involved in an accident and was completely destroyed and Rs. 5,00,000 were received from Insurance Company in full settlement. On the same date another Truck was purchased by the company for Rs. 12,00,000. The company writes off 10% depreciation p.a. on written down value method. Give the Truck Account from 2022 to 2024. The accounting year ends on 31st December.
(b) Your friend is struggling to analyze large amounts of data in Excel and is unaware of how Pivot Tables can help. As a friend, explain to him the concept of Pivot Tables and how they assist in preparing meaningful reports efficiently.
Question 6 · prepare any one project
(a) Record the following transactions in a Simple Cash Book of M/s Ritika & Co. (See Lesson-7)
Date – 2024. April 01: Cash in Hand Rs. 55,000; April 06: Received from Radhika (after allowing a discount Rs. 250) Rs. 2,000; April 08: Purchased goods for cash from Barkha Rs. 3,500; April 10: Paid Advertising expense Rs. 800; April 18: Sold Goods Rs. 7,500; April 23: Paid Abhishek Rs. 6,700; April 27: Purchased Machinery Rs. 6,000; April 31: Paid Rent Rs. 1,900.
(b) M/s Satnam Ltd. offered to the public for subscription 20,000 shares of Rs. 100 each, payable as Rs. 25 per share on application, Rs. 40 per share on allotment, and the balance on the first and final call. Applications were received for 25,000 shares. Applications for 3,000 shares were rejected altogether, and the application money was refunded. The remaining applicants were allotted the offered shares, and their excess application money was adjusted towards the amount due on allotment. Calls were made and duly received. Make journal entries in the books of the company. (See Lesson-26)
Two Sample Answers from Our Accountancy 320 Solved TMA
Reading two finished answers tells you more than any promise about quality. Below are our worked responses to Question 1 option (a) and Question 2 option (b). Notice how each stays inside the word band while still naming the concept, the reason and a short example.
Sample 1 · Question 1 (a): Accounting as a source of information
Yes, accounting is a source of information because it systematically records, classifies and summarizes business transactions. It provides financial data regarding profit or loss, assets, liabilities and capital of a business. This information is useful for various users such as owners, managers, investors, creditors, government and employees for decision-making. Accounting information helps in knowing financial position, assessing efficiency, fulfilling legal requirements, ensuring control over resources and planning future activities. Thus, it acts as an important source of information.
Sample 2 · Question 2 (b): Concept of a Partnership deed
A partnership deed is a written agreement among partners of a firm which defines the terms and conditions of partnership. It includes details such as name and address of the firm, names of partners, nature of business, profit-sharing ratio, capital contributions, interest on capital or drawings, salary or commission to partners, and settlement of disputes. It helps in avoiding conflicts by clearly laying down mutual rights, duties and liabilities of partners. It is considered an important document under the Partnership Act.
The remaining solutions, including the full bank reconciliation statement for Shreya Traders, the truck account with each year's depreciation working and the share capital journal entries for Satnam Ltd, are supplied in the complete file with the same clarity.
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How We Prepare Each Accountancy 320 TMA Answer
Every answer starts from the assignment sheet placed next to the NIOS textbook, lesson by lesson. We match the question to the exact chapter it comes from, then write to the concept the examiner is testing rather than padding the page.
For the theory questions we hold the 40 to 60 word band and open with a direct sentence, because a tutor scanning quickly should see the answer in the first line. For the numericals we show the working: the depreciation on written down value, the plus and minus columns of a reconciliation statement, the application, allotment and call entries in order, each ruled into a proper account format.
This is the same discipline that runs through the rest of our NIOS Study Material, and it is why the Accountancy 320 answers read as considered work rather than a lightly reworded guide.
Chapters and Lessons Behind the Accountancy 320 Assignment
Accountancy (320) runs to 38 lessons across seven modules, and Modules I and II are the assignment based modules NIOS draws most short questions from. The project and longer questions can reach into partnership and company accounts as well. The table maps every lesson to its key topics and flags the ones this particular assignment touches, which you can cross check against the NIOS Class 12 Syllabus.
| Module | Lesson | Key topics | In this TMA |
|---|---|---|---|
| I. Basic Accounting | 1. Accounting: An Introduction | Meaning of accounting, book-keeping versus accounting, users of accounting information | Yes (Q1a) |
| 2. Accounting Concepts | Going concern, business entity, money measurement and accrual concepts | Yes (Q1b) | |
| 3. Accounting Conventions and Standards | Materiality, consistency, prudence and full disclosure conventions | Yes (Q2a) | |
| 4. Accounting for Business Transactions | Accounting equation, rules of debit and credit, source vouchers | No | |
| 5. Journal | Recording entries, compound entries and narration | No | |
| 6. Ledger | Posting from journal, balancing accounts, T-format | No | |
| 7. Cash Book | Single, double and triple column cash books, contra entries, petty cash | Yes (Q3a, Q6a) | |
| 8. Special Purpose Books | Purchases and sales journals, returns books, journal proper | Yes (Q3b) | |
| II. Trial Balance and Computers | 9. Trial Balance | Listing debit and credit balances, checking arithmetical accuracy | No |
| 10. Bank Reconciliation Statement | Causes of difference, cash book against pass book, adjustment entries | Yes (Q4a) | |
| 11. Bills of Exchange | Promissory note, acceptance, discounting and dishonour of bills | Yes (Q4b) | |
| 12. Errors and their Rectification | One-sided and two-sided errors, suspense account | No | |
| 13. Computer and Computerised Accounting System | Components of a computer, accounting software, MIS reports | Yes (Q5b) | |
| III. Financial Statements | 14. Depreciation | Straight line and written down value methods, asset account working | Yes (Q5a) |
| 15. Provisions and Reserves | Provision for doubtful debts, general and specific reserves | No | |
| 16. Financial Statements: An Introduction | Trading account, profit and loss account, balance sheet basics | No | |
| 17. Financial Statements I | Gross and net profit, introduction to adjustments | No | |
| 18. Financial Statements II | Outstanding, prepaid, depreciation and closing stock adjustments | No | |
| 19. Not for Profit Organisations: An Introduction | Receipts and payments account, features of non-trading concerns | No | |
| 20. Financial Statements (Not for Profit Organisations) | Income and expenditure account, balance sheet of a society | No | |
| 21. Accounts from Incomplete Records | Single entry system, statement of affairs, capital comparison | No | |
| IV. Partnership Accounts | 22. Partnership: An Introduction | Partnership deed, profit sharing ratio, partners' capital accounts | Yes (Q2b) |
| 23. Admission of a Partner | New profit ratio, treatment of goodwill, revaluation of assets | No | |
| 24. Retirement and Death of a Partner | Gaining ratio, settlement of the outgoing partner's dues | No | |
| 25. Dissolution of a Partnership Firm | Realisation account, settlement of liabilities and capitals | No | |
| V. Company Accounts | 26. Company: An Introduction | Features of a company, categories of share capital | Yes (Q6b) |
| 27. Issue of Shares | Application, allotment and calls, premium and discount on shares | Yes (Q6b) | |
| 28. Forfeiture of Shares | Non-payment of calls, forfeiture journal entries | No | |
| 29. Reissue of Forfeited Shares | Reissue at par, premium or discount, capital reserve | No | |
| 30. Issue of Debentures | Debentures issued for cash, terms of issue, interest on debentures | No | |
| VI. Analysis of Financial Statements (optional) | 31. Financial Statements Analysis: An Introduction | Comparative and common size statements | No |
| 32. Accounting Ratios I | Liquidity and solvency ratios | No | |
| 33. Accounting Ratios II | Activity and profitability ratios | No | |
| 34. Cash Flow Statement | Operating, investing and financing activities | No | |
| VII. Application of Computers (optional) | 35. Electronic Spread Sheet | Cells, formulas and functions in a spreadsheet | No |
| 36. Use of Spread-sheet in Business Application | Pivot tables, charts, payroll and inventory sheets | Yes (Q5b) | |
| 37. Graphs and Charts for Business | Bar, pie and line charts for reporting | No | |
| 38. Database Management System for Accounting | Tables, queries and records for accounting data | No |
Only Modules I and II carry the official assignment based tag, but as the flagged rows show, this session's paper also reaches into depreciation, partnership and share capital, so the answers we supply span five of the seven modules.
What You Receive in the Accountancy 320 Solved File
The file answers all six questions of the current assignment, with your chosen option worked in full and the alternate option available if your study centre asks for it. You choose a typed PDF for a clean printout or a handwritten copy on A4 that is ready to submit as is.
Numerical answers arrive in proper account format with each step shown, and the theory answers keep to the NIOS word bands so nothing looks trimmed or overwritten. It comes as part of our wider NIOS Class 12 Solved TMA collection, so if you take more than one subject you can settle everything in a single chat.
You also get a quick note on the front page details NIOS expects, such as your name, enrolment number, subject code and study centre code, so the copy is not returned for a formatting slip.
How to Get the NIOS Class 12 Accountancy 320 Solved TMA on WhatsApp
Ordering takes one message. Send us a WhatsApp saying Accountancy (320) along with your session, and tell us whether you want the typed PDF or the handwritten file. We share a sample first so you can confirm the quality, and only then do you pay.
This is the same process we follow for every NIOS Solved TMA, so you always see finished work before any money changes hands. Once confirmed, the completed Accountancy 320 file reaches you well inside the submission window.
WhatsApp us on 9654279279, with 9899436384 as an alternate line if the first is busy.
Send Accountancy 320 on WhatsApp to get your file
FAQs on the NIOS Accountancy 320 Solved TMA
Is the Accountancy 320 Solved TMA updated for the 2026 session?
Yes, this solution set matches the October 2026 assignment for subject code 320. Every question on this page is taken from the current sheet, and the answers are written against the latest NIOS textbook lessons. If NIOS revises the assignment mid session, we update the file before sending, so the Accountancy 320 copy you receive always reflects the paper your study centre is checking.
How many questions does the Accountancy 320 TMA contain?
The Accountancy 320 TMA has six questions carrying 20 marks in total. Questions one to three are short answers of 40 to 60 words, questions four and five are longer answers of 100 to 150 words, and question six is a project you attempt from two options. In each question you answer any one option, so you complete six responses overall rather than every printed part.
Can I get the Accountancy 320 Solved TMA as a handwritten file?
Yes, you can choose a handwritten copy or a typed PDF for the Accountancy 320 Solved TMA. The handwritten version is prepared on A4 paper in a clean hand and is ready to submit directly to your study centre. Tell us your preference in the first WhatsApp message, and mention if your centre asks for any particular front page format.
Do the Accountancy 320 answers follow the NIOS word limits?
Every theory answer in the Accountancy 320 file is written to the band NIOS prints against the question. Short answers stay near 40 to 60 words and the longer ones sit inside 100 to 150 words. Numerical answers are judged on correct working rather than length, so those are shown step by step in the proper account format instead of being padded to a word count.
How soon will I receive the Accountancy 320 Solved TMA after ordering?
Once you confirm the sample and complete payment, the Accountancy 320 Solved TMA reaches you the same day in most cases. Handwritten copies can take a little longer because they are written out by hand. We always work to leave you clear time before the NIOS submission deadline, so send your request a few days ahead rather than on the closing date.
Are the numerical answers in the Accountancy 320 TMA fully worked?
Yes, the numerical answers in the Accountancy 320 TMA are worked in full, not just stated as a final figure. The truck account shows each year's depreciation, the reconciliation statement shows the plus and minus adjustments, and the share capital question shows application, allotment and call entries in order. This lets a tutor follow your method and award the working marks, not only the answer.
Sources: NIOS Senior Secondary Accountancy (320) curriculum and e-book lesson list, nios.ac.in; NIOS Tutor Marked Assignment guidelines on 20 percent weightage, nios.ac.in. Question text reproduced from the official Accountancy (320) October 2026 assignment.
