Class 12 Accountancy Syllabus 2024-25

Class 12 Biology Syllabus 2024-25

Class 12 Business Studies Syllabus 2024-25

CBSE Class 12 Accountancy is a practice through which business transactions are recorded, classified, and reported for the proper and successful running of an organization. The detailed syllabus of Accountancy class 12 covers every important topic like Accounting for Non-for-Profit Organisations, Partnership, Admission of a Partner, Retirement of a Partner, Issue of Shares, Issue of Debentures, Financial Statements of a Company, Cash Flow Statement, Computerized Accounting of a Company and so on.

CBSE Class 12 Accountancy Detailed Syllabus:

PART – A (ACCOUNTING FOR PARTNERSHIP FIRMS AND COMPANIES)
Chapter Name	Topics Covered
Chapter 1: Accounting for Non-for-Profit Organization	Accounting for Non-for-Profit Organization: Introduction Financial Statement of Not-for-Profit Organization: Receipt and Payment Account Not-for-Profit Organisations- Features and Financial Statements Difference Between Not for Profit Organisation and Profit Earning Organisation Income and Expenditure Account of a Not for Profit Organisation Difference between Receipt and Payment Account And Income and Expenditure Account Financial Statement of Not-for-Profit Organization: Balance Sheet Accounting Treatment of Subscriptions and Expenses Accounting Treatment of Consumable Items: Stationery and Sports Material Accounting Treatment: Admission or Entrance Fees, Donation and Legacies, Grants from Government, Sale of Fixed Assets, Life Membership Fees Fund based Accounting Receipt and Payment Account for Not for Profit Organisation Income & Expenditure Account: Accounting Treatment Balance Sheet for Not for Profit Organisation Practical Questions on Balance sheet for Not for Profit Organisation Practical Questions on Receipt & Payment Account
Chapter 2: Accounting for Partnership: Basic Concepts	Introduction to Accounting for Partnership Partnership Deed and Provisions of the Indian Partnership Act 1932 Difference between Limited Liability Partnership and Partnership Firm Accounting Treatment for Interest on Partner’s Capital Interest on Drawing in case of Partnership Accounting Treatment of Partner’s Loan, Rent Paid to a Partner, Commission Payable to a Partner, Manager’s Commission on Net Profit Introduction to Profit and Loss Appropriation Account Difference between Profit and Loss Account And Profit and Loss Appropriation Account Capital Accounts of the Partner: Fixed Capital Method Capital Accounts of the Partner: Fluctuating Capital Method Difference between Fixed Capital Account and Fluctuating Capital Account Past Adjustments in Partnership Guarantee of Minimum Profit to a Partner
Chapter 3: Reconstitution of a Partnership Firm: Change in Profit Sharing Ratio	Reconstitution of a Partnership Firm: Meaning, Reasons, Change in Profit Sharing Ratio amongst the Existing Partner and Sacrificing Partner Ratio and Gaining Partner Ratio Goodwill: Meaning, Factors Affecting Goodwill and Need for Valuation Methods of Valuation of Goodwill Average Profit Method of Calculating Goodwill Super Profit Method of Calculating Goodwill Capitalisation Method of Calculating Goodwill Accounting Treatment of Accumulated Profits and Reserves: Change in Profit Sharing Ratio Accounting Treatment of Workmen Compensation Reserve: Change in Profit Sharing Ratio Change in Profit Sharing Ratio: Accounting Treatment of Investment Fluctuation Fund Accounting Treatment of Revaluation of Assets and Liabilities: Change in Profit Sharing Ratio Accounting Treatment of Partner’s Capital Account in case of change in Profit Sharing Ratio (Fixed Capital) Accounting Treatment of Partner’s Capital Account in case of change in Profit Sharing Ratio (Fluctuating Capital) Adjustment in Existing Partner’s Capital Account in case of Change in Profit Sharing Ratio
Chapter 4: Reconstitution of a Partnership Firm: Admission of a Partner	Reconstitution of a Partnership Firm: Admission of a Partner Computation of New Profit Sharing Ratio: Admission of a Partner Computation of Sacrificing Ratio in case of Admission of a Partner Accounting Treatment of Goodwill in case of Admission of a Partner Hidden Goodwill: Admission of a Partner Accounting Treatment of Revaluation of Assets and Liabilities in case of Admission of a Partner Accounting Treatment of Accumulated Profits and Reserves in case of Admission of a Partner Accounting Treatment of Workmen Compensation Reserve: Admission of a Partner Accounting Treatment of Investment Fluctuation Fund in case of Admission of a Partner Accounting Treatment of Partner’s Capital Account: Admission of a Partner (Fixed Capital) Accounting Treatment of Partner’s Capital Account: Admission of a Partner (Fluctuating Capital) Preparation of Revaluation Account, Capital Account and Balance Sheet Adjustment of Partner’s Capital Account: Admission of a Partner
Chapter 5: Reconstitution of a Partnership Firm: Retirement or Death of a Partner	Retirement of a Partner in case of Reconstitution of a Partnership Firm Computation of New Profit Sharing Ratio: Retirement of a Partner Calculation of Gaining Ratio: Retirement of a Partner Difference between Sacrificing Ratio and Gaining Ratio Accounting Treatment of Goodwill in case of Retirement of a Partner Hidden Goodwill in case of Retirement of a Partner Accounting Treatment of Revaluation of Assets and Liabilities in case of Retirement of a Partner Accounting Treatment of Accumulated Profits and Reserves in case of Retirement of a Partner Accounting Treatment of Workmen Compensation Reserve in case of Retirement of a Partner Accounting Treatment of Investment Fluctuation Fund in case of Retirement of a Partner Accounting Treatment of Partner’s Capital Account in case of Retirement of a Partner (Fixed Capital) Accounting Treatment of Partner’s Capital Account in case of Retirement of a Partner (Fluctuating Capital) Settlement of Amount due to a Retiring Partner when Full Amount is Paid Settlement of Amount due to a Retiring Partner: Amount Paid in Instalment Settlement of Amount due to a Retiring Partner: Transferred to Loan Account Adjustment of Capital Account in case of Retirement of a Partner Reconstitution of a Partnership Firm in case of Death of a Partner Calculation of Share of Profit up to the Date of Death of a Partner Adjustment of Interest on Deceased Partner’s Capital, Deceased Partner’s Share in Goodwill and Accumulated Profits and Reserves Accounting Treatment of Revaluation of Assets and Liabilities in case of Death of a Partner Accounting Treatment of Accumulated Profits and Reserves in case of Death of a Partner Accounting Treatment of Workmen Compensation Reserve in case of Death of a Partner Accounting Treatment of Investment Fluctuation Fund in case of Death of a Partner Accounting Treatment of Partner’s Capital Account in case of Death of a Partner (Fixed Capital) Accounting Treatment of Partner’s Capital Account in case of Death of a Partner (Fluctuating Capital) Accounting Treatment of Amount Due to Deceased Partner Accounting Treatment of Joint Life Policy in case of Death of a Partner Accounting Treatment of Individual Life Policy in case of Death of a Partner
Chapter 6: Dissolution of Partnership Firm	Dissolution of a Partnership Firm: Meaning, Modes of Dissolution, Modes of Settlement of accounts (Section 48) Difference between Dissolution of Firm and Dissolution of Partnership Difference between Firm’s Debt and Private Debt Dissolution of Partnership: Realisation Account Difference between Realisation Account and Revaluation Account Accounting treatment of Accumulated Profits, Reserves, and Losses in case of Dissolution of Firm Dissolution of Firm: Partner’s Capital Account Dissolution of Firm: Cash or Bank Account Dissolution of Partnership Firm: Meaning and Example Accounting Treatment of Goodwill in case of Dissolution of Firm Accounting Treatment of Joint Life Policy in case of Dissolution of a Firm Accounting Treatment of Contingent Assets and Contingent Liabilities in case of Dissolution of a firm Dissolution of Firm: Rebate on Bills Payable/Creditors and Commission or Remuneration Payable to a Partner Dissolution of Firm: Partner’s Current Account Dissolution of Firm: Taking Over of Business by a Partner Dissolution of Firm: Memorandum Balance Sheet
Chapter 7: Accounting for Share Capital	Company and its Types Difference between Public Company and Private Company Types of Shares Difference between Preference Shares and Equity Shares Share Capital: Meaning, Kinds, and Presentation of Share Capital in Company’s Balance Sheet Difference between Capital Reserve and Reserve Capital Accounting for Share Capital: Issues of Shares for Cash Issue of Shares At Par: Accounting Entries Issue of Shares at Premium: Accounting Entries Issue of Share for Consideration other than Cash: Accounting for Share Capital Issue of Shares: Accounting Entries on Full Subscription with Share Application Calls in Arrear: Accounting Entries on Issue of Shares Calls in Advance: Accounting Entries on Issue of Shares Oversubscription of Shares: Accounting Treatment Oversubscription of Shares: Pro-rata Allotment Oversubscription of Shares: Pro-rata Allotment with Calls in Arrear Forfeiture of Shares: Accounting Entries on Issue of Shares Accounting Entries on Re-issue of Forfeited Shares Disclosure of Share Capital in the Balance Sheet: Accounting Entries on Issue of Shares
Chapter 8: Issue and Redemption of Debentures	Issue of Debentures: Meaning, Characteristics, Purpose of Issuing Debentures and Example Types of Debentures Difference between Shares and Debentures Issue of Debentures Issue of Debentures: Accounting Treatment of Issue of Debenture and Presentation of debentures in balance sheet (with format) Issue of Debenture at Par and Premium Issue of Debentures for Consideration other than Cash Issue of Debenture as Collateral Security Interest on Debentures Redemption of Debentures Redemption of Debentures: Meaning, Sources and Rules regarding Redemption Redemption of Debentures in case of Lump-Sum Redemption of Debentures in case of Installment Redemption of Debentures in case of Purchase of Own Debentures Redemption of Debentures: Conversion into Shares or New Debentures

PART – B (FINANCIAL STATEMENT ANALYSIS)
Chapter Name	Topics Covered
Chapter 1: Financial Statements of a Company	Introduction to Financial Statement Objectives and Characteristics of Financial Statements Financial Statement of a Company: Balance Sheet Profit and Loss Account: Meaning, Format and General instructions for preparation of Profit and Loss Account
Chapter 2: Analysis of Financial Statements	Introduction to Financial Analysis Financial Analysis: Objective, Methods, and Process Financial Analysis: Need, Types, and Limitations Financial Analysis: Uses, Importance, Limitations Comparative Statement: Meaning, Importance and Techniques of Presenting Financial Statements Comparative Balance Sheet: Objectives, Advantages and Format of Comparative Balance Sheet Comparative Income Statement: Objectives, Advantages and Preparation and Format of Comparative Income Statement Introduction to Common Size Statement Common Size Income Statement: Objectives, Preparation, Format of Common Size Statement Common Size Balance Sheet: Meaning, Objectives and Format of Common Size Balance Sheet
Chapter 3: Accounting Ratios	Ratio Analysis- Importance, Advantages and Limitations Types of Accounting Ratios Liquidity Ratio: Meaning, Types, Formula and Illustrations Current Ratio: Meaning, Significance and Examples Liquid/Quick Ratio: Meaning, Formula, Significance and Examples Solvency Ratio: Meaning, Formula, and Significance Debt Ratio Debt-Equity Ratio: Meaning, Formula, Significance and Examples Total Assets to Debt Ratio: Meaning, Formula and Examples Proprietary Ratio: Meaning, Formula, Significance and Examples Interest Coverage Ratio Activity Ratio: Meaning, Formula and Significance Turnover Ratio Activity Ratio – II Trade Receivables Turnover Ratio Trade Payable Turnover Ratio: Meaning, Formula, Significance and Examples Working Capital Turnover Ratio: Meaning, Formula, Significance and Examples Profitability Ratio or Income Ratio Overall Profitability Ratio: Meaning, Formula, Significance, and Examples Gross Profit Ratio: Meaning, Formula, Significance and Examples Operating Ratio Operating Profit Ratio: Meaning, Formula, Significance and Examples Net Profit Ratio Return on Investment (ROI): Meaning, Formula, Significance and Illustrations Ratio Analysis Formula
Chapter 4: Cash Flow Statement	What is a Cash Flow Statement? Cash Flow Statement: Objectives, Importance and Limitations Cash Flow Statement – Part II Classification of Business Activities in Cash Flow: Operating, Investing and Financing Activities Cash Flow from Operating Activities Treatment of Special Items in Cash Flow Statement Treatment of Special Items in Cash Flow Statement-II Examples of Cash Flow from Operating Activities Cash Flow from Investing Activities Cash Flow from Financing Activities Cash Flow Statement: Two Examples

OR PART – B (COMPUTERISED ACCOUNTING)
Chapter Name	Topics Covered
Chapter 1: Overview of Computerised Accounting System	Sourcing of Accounting Software Computerised Accounting System Computerized Accounting System – Meaning, Features, Advantages and Disadvantages Difference between Manual and Computerised Accounting Difference between Management Information System (MIS) and Accounting Information System (AIS) Evolution and Features of Computerised Accounting Computer and its Components Computer System in Accounting
Chapter 2: 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, and Ratio Analysis Data Representation: Graphs, Charts, and Diagrams
Chapter 3: Using a Computerised Accounting System	Steps in the 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 Opening and Closing Entries Need and Security features of the system

CBSE Class 12 Syllabus 2024-25: Subject-wise PDF Download

CBSE Class 12 Syllabus 2024-25 has been released by the Central Board of Secondary Education(CBSE). Students can now download the subject-wise syllabus for CBSE Class 12. This year, CBSE has updated few topics and chapters which we have updated in the article below. Students are advised to go through the latest syllabus of CBSE Class 12th carefully to have a clear understanding of the CBSE Class 12th Exam.

By following the CBSE Class 12th syllabus and CBSE Class 12 exam pattern, Students can manage their time table effectively to get better CBSE results. w3wiki has covered all Class 12th subjects such as Mathematics, Science, Social Science, Languages, and Skill-Based Subjects to make students well prepared.

Let’s take a detailed look at the CBSE Class 12th Syllabus 2024-25.

Class 12 Accountancy Syllabus 2024-25

CBSE Class 12 Accountancy Detailed Syllabus:

PART – A (ACCOUNTING FOR PARTNERSHIP FIRMS AND COMPANIES)

PART – B (FINANCIAL STATEMENT ANALYSIS)

OR PART – B (COMPUTERISED ACCOUNTING)

CBSE Class 12 Syllabus 2024-25: Subject-wise PDF Download

Similar Reads

Contact Us