Assumptions:

We are using a 4-bit binary counter to count seconds, minutes, and hours.
The counter is synchronous, which means that it updates its value on the rising
edge of the clock signal.
We are using a 12-hour clock format, which means that the hours counter counts from
1 to 12 and then wraps back to 1.
We are using a 60-minute format, which means that the minutes and seconds counter
counts from 0 to 59 and then wraps back to 0.
Timing diagram:

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_______ _______ _______ _______ _______
_______
CLK | |_______| |_______| |_______| |_______| |
_______| |______

______ _______ _______ _______ _______

_______ _______
HOURS | 0001 |_______| 0010 |_______| 0011 |_______| 0100 |_______| 0101 |
_______| 0110 |_______| 0001 |

_______ _______ _______ _______ _______

_______ _______
MINUTES| 0000 |_______| 0001 |_______| 0010 |_______| 0011 |_______| 0100 |
_______| 0101 |_______| 0110 |

_______ _______ _______ _______ _______

_______ _______
SECONDS| 0000 |_______| 0001 |_______| 0010 |_______| 0011 |_______| 0100 |
_______| 0101 |_______| 0110 |
Explanation:

The diagram shows the clock signal (CLK) and the values of the hours, minutes, and
seconds counters at each rising edge of the clock signal.
The counters are initialized to zero at power-on or reset.
The seconds counter increments on each rising edge of the clock signal, and when it
reaches 60 (binary 111100), it resets to zero and increments the minutes counter.
The minutes counter increments on each rising edge of the clock signal when the
seconds counter is reset, and when it reaches 60 (binary 111100), it resets to zero
and increments the hours counter.
The hours counter increments on each rising edge of the clock signal when the
minutes counter is reset, and when it reaches 12 (binary 1100), it resets to 1.
The timing diagram shows one complete cycle of the clock, which is 12 hours long.