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CBSE Class 12 Commerce Accountancy Question Papers

CBSE Class 12 Commerce Accountancy Question Papers

CBSE Class 12 Commerce Accountancy Question Papers

CBSE Class 12 Commerce Accountancy Question Papers : Accountancy is that aspect of business studies which deals with the technicality of company’s record keeping, analysis of business information, interpretation of financial information, and communication of accounting information of a company to people that has interest in the company. That aspect of business process that involves the; collection, collation, analysing, interpreting, packaging, and communicating accounting information is what accounting is all about.

CBSE Class 12 Commerce Accountancy Question Papers

Allocation of unit-wise marks of CBSE Class 12 Accountancy: 

Units 

Chapters

Marks 

Part A 

Accounting for Partnership Firms and Companies 

35 

 

Unit 1. Accounting for Partnership Firms 

25 

 

Unit 2. Accounting for Companies 

 

Part B

Financial Statement Analysis

 

 

Unit 3. Analysis of Financial Statements

12

 

Unit 4. Cash Flow Statement

8

Part C

Project Work

20

 

OR

 

Part B

Computerized Accounting

 

 

Unit 3. Computerized Accounting

20

Part C

Practical Work

20

CBSE Class 12 Commerce Accountancy Question Papers – Accountancy Syllabus

Part A: Accounting for Partnership Firms and Companies

Unit 1: Accounting for Partnership Firms

Partnership: features, Partnership Deed. 
Provisions of the Indian Partnership Act 1932 in the absence of partnership deed.
Fixed v/s fluctuating capital accounts.Preparation of Profit and Loss Appropriation account- division of profit among partners, guarantee of profits.
Past adjustments (relating to interest on capital, interest on drawing, salary and profit sharing ratio).
Goodwill: nature, factors affecting and methods of valuation – average profit, super profit and capitalization.
Accounting for Partnership firms – Reconstitution and Dissolution.
Change in the Profit Sharing Ratio among the existing partners – sacrificing ratio, gaining ratio, accounting for revaluation of assets and reassessment of liabilities and treatment of reserves and accumulated profits. Preparation of revaluation account and balance sheet.
Admission of a partner – effect of admission of a partner on change in the profit sharing ratio, treatment of goodwill (as per AS 26), treatment for revaluation of assets and reassessment of liabilities, treatment of reserves and accumulated profits, adjustment of capital accounts and preparation of balance sheet.
Retirement and death of a partner: effect of retirement / death of a partner on change in profit sharing ratio, treatment of goodwill (as per AS 26), treatment for revaluation of assets and reassessment of liabilities, adjustment of accumulated profits and reserves, adjustment of capital accounts and preparation of balance sheet. Preparation of loan account of the retiring partner.
Calculation of deceased partner‟s share of profit till the date of death. Preparation of deceased partner‟s capital account, executor‟s account and preparation of balance sheet.
Dissolution of a partnership firm: types of dissolution of a firm. Settlement of accounts -preparation of realization account, and other related accounts: capital accounts of partners and cash/bank a/c (excluding piecemeal distribution, sale to a company and insolvency of partner(s)).

Unit-2 Accounting for Companies

Accounting for Share Capital
Share and share capital: nature and types.
Accounting for share capital: issue and allotment of equity shares, private placement of shares, Employee Stock Option Plan (ESOP). Public subscription of shares – over subscription and under subscription of shares; issue at par and at premium, calls in advance and arrears (excluding interest), issue of shares for consideration other than cash.
Accounting treatment of forfeiture and re-issue of shares.
Disclosure of share capital in company‟s Balance Sheet.
Accounting for Debentures
Debentures: Issue of debentures at par, at a premium and at a discount. Issue of debentures for consideration other than cash; Issue of debentures with terms of redemption; debentures as collateral security-concept, interest on debentures.
Redemption of debentures: Lump sum, draw of lots and purchase in the open market (excluding ex-interest and cum-interest). Creation of 
Debenture Redemption Reserve. 
Note: Related sections of the Indian Companies Act, 2013 will apply.

CBSE Class 12 Commerce Accountancy Question Papers

Part B: Financial Statement Analysis

Unit 3: Analysis of Financial Statements

Financial statements of a company: Statement of Profit and Loss and Balance Sheet in the prescribed form with major headings and sub headings (as per Schedule III to the Companies Act, 2013).
Financial Statement Analysis: Objectives, importance and limitations.
Tools for Financial Statement Analysis: Comparative statements, common size statements, cash flow analysis, ratio analysis.
Accounting Ratios: Objectives, classification and computation.
Liquidity Ratios: Current ratio and Quick ratio.
Solvency Ratios: Debt to Equity Ratio, Total Asset to Debt Ratio, Proprietary Ratio and Interest Coverage Ratio.
Activity Ratios: Inventory Turnover Ratio, Trade Receivables Turnover Ratio, Trade Payables Turnover Ratio and Working Capital Turnover Ratio.
Profitability Ratios: Gross Profit Ratio, Operating Ratio, Operating Profit Ratio, Net Profit Ratio and Return on Investment.

Unit 4: Cash Flow Statement

Meaning, objectives and preparation (as per AS 3 (Revised) (Indirect Method only)

OR

Part B: Computerised Accounting

Unit 3: Computerised Accounting

Overview of Computerised Accounting System.

  • Introduction: Application in Accounting.
  • Features of Computerised Accounting System.
  • Structure of CAS.
  • Software Packages: Generic; Specific; Tailored.

Accounting Application of Electronic Spreadsheet.

  • Concept of electronic spreadsheet.
  • Features offered by electronic spreadsheet.
  • Application in generating accounting information – bank reconciliation statement; asset accounting; loan
  • repayment of loan schedule, ratio analysis
  • Data representation – graphs, charts and diagrams.

Using Computerized Accounting System.

  • Steps in installation of CAS, codification and Hierarchy of account heads, creation of accounts.
  • Data: Entry, validation and verification.
  • Adjusting entries, preparation of balance sheet, profit and loss account with closing entries and opening entries. Need and security features of the system.

Database Management System (DBMS)

  • Concept and Features of DBMS.
  • DBMS in Business Application.
  • Generating Accounting Information – Payroll.

CBSE Class 12 Commerce Accountancy Question Papers

Solid planning always goes a long way in achieving goals. Keeping in mind the time available to students for the CBSE Class 12 accountancy exams, scheduled for March 29, planning is even more important or else a valuable opportunity would be lost to get a good score. Accountancy is the key subject in the commerce stream. With right planning you can easily score around 95% marks in the exams.

As you all have been studying accountancy for the past 10 months, I am sure that by now all of you have a pretty good working knowledge of the subject. Managing to score 95%, however, is a different ball game – but here are a few suggestions that can help you get close to the magic numbers.

•Time management Three hours have to be managed with diligence for maximum scores. Use the reading time in the examination hall (extra 15 minutes provided at the start of the exam) to eliminate the choices given in the 8 marker questions. Complete Section B in 40 to 45 minutes, at the most. Don’t take more than 20 minutes to answer the 8-mark questions.

•Don’t change the pattern Solve the paper in a pattern you are most comfortable with. If you start your paper from last question or section B then stick to it. Try to do questions in sequence

•Reboot your brain It would be necessary to refresh your brain as most of you could be tired after the math exam with most of the concepts still buzzing in your brain. Take a day off by playing some outdoor game or spend some time with your dear ones to reboot your system.

•Make a preparation plan Revise concepts thoroughly from March 23 and then start solving papers daily from March 24. Try to solve at least six CBSE Class 12 Commerce Accountancy Question Papers during these four days. Get your paper checked and work on the mistakes.

CBSE Class 12 Commerce Accountancy Question Papers

Accountancy has five very important chapters, focus on revisiting them now and over the next few days:

(a)Fundamentals

(b)Admission of partner

(c)Share capital

(d)Ratio analysis

(e)Cash flow statements

(f)Remaining Chapters should be revised after you’ve finished these.

•Final Day After working on the CBSE Class 12 Commerce Accountancy Question Papers, revising mistakes and going through the main papers, solve one last paper on the last day and try to score around 80.

CBSE Class 12 Commerce Accountancy Question Papers

The CBSE Class 12 Commerce Accountancy Question Papers is one of the main subjects of the Commerce stream students and is also a very scoring subject, provided the concepts are clear and the formulas remembered by heart.

Accountancy is known as the language of finance and is one of the foundations of any business. It is required by all businesses in order to function smoothly. To understand finance, Accountancy is necessary for all the students of Commerce stream.

To pass the Accountancy Class 12 exam with flying colours, listed below are 15 quick tips:

1. Read the question properly, at least twice, before answering.

2. Underline the important points of the question which will be useful in solving the question.

3. Try to solve financial statement analysis at the end of the all questions, because it contains a lot of calculation.

4. In case of questions related to shares, if applied shares are given of share holder, then after finding allotted shares, the candidates can simply cut down the applied shares from the question paper, so that they can consider only allotted shares while solving the questions.

5. While preparing cash book in shares, try to pass all the entries of bank in rough so that there is no confusion.

6. While preparing the profit and loss appropriation account, the profit should always be before any appropriation. Also, the candidates should be aware about the balances of capital of partners; it should complete the entire 12 months, otherwise month consideration will be there for any appropriation

7. If candidates are not able to reach the answer of a question, they should move on to other questions and return to the former later.

8. In case of redemption of debentures, the candidates should always try to find out which method of redemption is given in the question.

9. Always keep some time for revision while adjusting time.

10. Do not leave out any question.

11. Answer those questions first which you know very well.

12. Attempt ‘HOTS’ questions at the end. Read summaries given at the end of each chapter to get a comprehensive idea about the given chapter.

13. HOTS can be given from summaries also.

14. Refer to the latest CBSE sample question papers, along with previous year CBSE Class 12 Commerce Accountancy Question Papers.

CBSE Class 12 Commerce Accountancy Question Papers

for more details On CBSE Class 12 Commerce Accountancy Question Papers  check here Accountancy Syllabus

CBSE Class 12 Commerce Accountancy Question Papers

To download CBSE Class 12 Commerce Accountancy BOOKS check here 

CBSE Class 12 Commerce Accountancy Books to downloadDownload Link
  • Class 12 Accountancy Text book
  • Need for Maintaining of Accounts books by Non Profit Organisation
 

  • Accounting book 1
 

  • Accounting book 2
  • Accounting book 3

To download CBSE Class 12 Commerce Accountancy Question Papers check here 

Sl No.CBSE Class 12 Commerce Accountancy Question PapersDownload Link
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