CBSE Class 12 Accountancy Syllabus 2022-23, Chapter-Wise Weightage, Download PDF and Sample Papers
CBSE class 12 Accountancy syllabus 2022-23 and sample papers are provided in this article. Students can also check the deleted topics of class 12 Accountancy 2022-23 here. The class 12 accounts syllabus is divided into three parts – A, B, and C. Part A carries 60 marks while part B and C contains 20 marks each.
The three parts of the Accountancy class 12 syllabus 2022-23 are:
- Part A: Accounting for Partnership Firms and Companies
- Part B: Financial Statement Analysis OR Computerized Accounting
- Part C: Project Work OR Practical Work
For Part B, students can either choose Financial Statement Analysis or Computerized Accounting. The maximum marks for the CBSE class 12 Accountancy paper are 80 for the theory paper. The detailed chapter-wise marks distribution and class 12 accounts sample papers can be checked below in the article.
Check CBSE 12th Accountancy Question Paper 2022 with Answer Key
Also Check: CBSE Class 12 Results 2023 expected in May, Check Details
CBSE Class 12 Accountancy Unit-Wise Weightage
The below table contains the unit-wise distribution of marks for Accountancy class 12 syllabus.
| Unit No. | Unit Name | Marks |
|---|---|---|
| Part A: Accounting for Partnership Firms and Companies | ||
| 1. | Accounting for Partnership Firms | 36 Marks |
| 2. | Accounting for Companies | 24 Marks |
| Total | 60 Marks | |
| Part B: Financial Statement Analysis | ||
| 3. | Analysis of Financial Statements | 12 Marks |
| 4. | Cash Flow Statement | 08 Marks |
| Total | 20 Marks | |
| Part C: Project Work | ||
| 1. | Project File | 04 Marks |
| 2. | Written Test | 12 Marks |
| 3. | Viva Voce | 04 Marks |
| Total | 20 Marks | |
| OR | ||
| Part B: Computerized Accounting | ||
| 4. | Computerized Accounting | 20 Marks |
| Total | 20 Marks | |
| Part C: Practical Work | ||
| 1. | Practical File | 04 Marks |
| 2. | Practical Examination | 12 Marks |
| 3. | Viva Voce | 04 Marks |
| Total | 20 Marks | |
| Grand Total | 100 Marks | |
CBSE Class 12 Accountancy Syllabus 2022-23
The following table shows the Accountancy class 12 syllabus 2022-23 with unit-wise topics:
| Unit No. | Unit | Topics |
|---|---|---|
| Part A: Accounting for Partnership Firms and Companies | ||
| 1. | Accounting for Partnership Firms | Partnership – Features and Partnership Deed, provisions for the Indian Partnership Act 1932, Fixed vs Fluctuating capital account, profit and loss appropriation account, past adjustments, goodwill Accounting for Partnership Firms – Reconstitution and Dissolution – Change in profit sharing ratio, admission of a partner, retirement and death of a partner, dissolution of a partnership firm |
| 3. | Accounting for Companies | Accounting for Share Capital – Features and type of companies, share and share capital, accounting for share capital, concept of private placement and Employee Stock Option Plan (ESOP), sweat equity, accounting treatment of forfeiture and re-issue of shares, disclosure of share capital Accounting for Debentures – Debentures - meaning, types, issue of debenture, issue of debenture for consideration other than cash, issue of debenture with terms of redemption, debentures as collateral security concept, interest on debenture, writing off discount/loss on issue of debenture |
| Part B: Financial Statement Analysis | ||
| 4. | Analysis of Financial Statements | Financial Statements of a Company Financial Statement Analysis Tools for Financial Statement Analysis Accounting Ratios Liquidity Ratios Solvency Ratios Activity Ratios Profitability Ratios |
| 5. | Cash Flow Statement | Meaning, objectives, benefits, cash and cash equivalents, classification of activities and preparation |
| OR | ||
| Part B: Computerised Accounting | ||
| 4. | Computerised Accounting | Overview of Computerised Accounting System Accounting Application of Electronic Spreadsheet Using Computerised Accounting System |
Also Check: CBSE Class 12 Date Sheet 2023
Deleted Syllabus of Class 12 Accountancy 2022-23
The following topics are deleted from the CBSE class 12 Accountancy syllabus 2022-23:
| Unit | Deleted Topics |
|---|---|
| Part A: Accounting for Not-for-Profit Organizations, Partnership Firms, and Companies | Financial Statements of Not-for-Profit Organizations (Complete Chapter) |
| Part B: Financial Statement Analysis | Comparative Statements, Common Size Statements |
| Part B: Computerised Accounting | DBMS, Concept and Features of DBMS, DBMS in Business Application, Generating Accounting Information Payroll |
CBSE Class 12 Accountancy Important Topics 2023
The unit-wise important topics to be covered for the CBSE class 12 Accountancy exam are given below.
Unit I – Accounting for Partnership Firms
The detailed sub-topics for each topic are as follows:
- Goodwill – Nature, factors affecting and methods of valuation – average profit, super profit, and capitalization.
- Change in Profit Sharing Ratio – Sacrificing ratio, gaining ratio, accounting for revaluation of assets, reassessment of liabilities and treatment of reserves, accumulated profits and losses, 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 for revaluation of assets and reassessment of liabilities, treatment of goodwill (as per AS 26), treatment of reserves, accumulated profits and losses, adjustment of capital accounts and preparation of capital, current account and balance sheet.
- Retirement and Death of a Partner – Effect of retirement/death of a partner on change in the profit sharing ratio, treatment for revaluation of assets and reassessment of liabilities, treatment of goodwill (as per AS 26), losses and reserves, adjustment of accumulated profits, adjustment of capital accounts and preparation of capital, current account and 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 and his executor’s account.
- Dissolution of a Partnership Firm – Meaning and dissolution of partnership and partnership firm, types of dissolution, 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 III – Accounting for Companies
The important topics and sub-topics include:
- Accounting for Share Capital – Issue and allotment of equity and preferences shares, 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.
- Debentures – Meaning, types, issue of debentures at par, at a premium, and at a discount, issue of debentures with terms of redemption, debentures as collateral security concept, interest on debentures, loss on issue of debentures. Discount or loss on issue of debentures should be written in the year debentures are alloted from Security Premium Reserve (if present) and then from State of Profit and Loss as Financial Cost (AS 16).
Unit IV – Analysis of Financial Statements
The important topics in this unit are:
- Financial Statements of a Company – Meaning, nature, uses and importance, statement of profit and loss, and balance sheet in prescribed form with major headings and sub-headings (as per Schedule III to the Companies Act, 2013).
- Financial Statement Analysis – Meaning and significance, objectives, importance and limitations.
- Tools for Financial Statement Analysis – Cash flow analysis and ratio analysis.
- Accounting Ratios – Meaning, objectives, advantages, classification and computation.
- Liquidity Ratios – Current ratio, and quick ratio.
- Solvency Ratios – Debt to Equity ratio, total asset to debt ratio, proprietary ratio, interest coverage ratio, debt to capital employed ratio.
- Activity Ratios – Inventory turnover ratio, trade receivables turnover ratio, trade payables turnover ratio, fixed asset turnover ratio, net asset 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 IV: Computerised Accounting
This unit is optional. Students can either choose Financial Statement Analysis or Computerised Accounting. The important topics to be covered in this unit are:
- Overview of Computerised Accounting System – 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 Computerised Accounting System – Steps in installation of CAS, codification and hierarchy of accounts heads, creation of accounts, data entry, data 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.
CBSE Class 12 Accountancy Marking Scheme 2023
CBSE class 12 Accountancy paper is scheduled on March 31, 2023. The theory exam will carry a total of 80 marks. There will be 34 questions in the paper and the paper will be divided into 2 parts – A and B. The marks distribution for the different types of questions is as follows:
| Questions | Marks |
|---|---|
| Questions 1 – 16 and 27 – 30 | 1 mark each |
| Questions 17 – 20, 31 and 32 | 3 marks each |
| Questions 21, 22 and 33 | 4 marks each |
| Questions 23 – 26 and 34 | 6 marks each |
Part A of the paper is compulsory while in part B, students are required to attempt only one out of the Financial Statement Analysis and Computerised Accounting. Internal choice will be provided to students in one-mark questions, three-mark questions, 1 question of 4 marks, and 2 six-mark questions.
CBSE Class 12 Accountancy Exam Pattern
CBSE class 12 Accountancy subject will consist of theory exam for 80 marks and project work for 20 marks. The Accountancy exam pattern is designed to assess students on 3 parameters as shown below:
| Parameters (Type of Questions) | Percentage | Marks |
|---|---|---|
| Remembering & Understanding | 55% | 44 Marks |
| Application of Knowledge & Information | 23.75% | 19 Marks |
| Analyzing, Evaluation and Creativeness | 21.25% | 17 Marks |
| Total | 100% | 80 Marks |
Check Here: CBSE Class 12 Detailed Exam Pattern 2023
Recommended Books for CBSE Class 12 Accountancy
The following table includes the list of books prescribed by CBSE for class 12 Accountancy. Apart from the books prescribed below, there are many other reference books available for class 12 students.
| Name of Book | Publication |
|---|---|
| Accountancy – I | NCERT Publication |
| Accountancy – II | NCERT Publication |
| Accountancy – Computerized Accounting System | NCERT Publication |
CBSE Class 12 Accountancy Sample Papers
Students can download the class 12 accounts sample papers from the below table to practice for their board exam:
| Year | Download Link |
|---|---|
| 2023 | Check Here |
| 2022 | Check Here (Term 1) Check Here (Term 2) |
| 2021 | Check Here |
| 2020 | Check Here |
| 2019 | Check Here |
| 2018 | Check Here |
| 2017 | Check Here |
Also Check: CBSE Class 12 Question Papers 2023
CBSE 12 Accountancy Exam 2023: Preparation Tips
Accountancy subject has two parts – theory and practical. The theory part required learning while the practical part needs practice. Students are advised to follow the tips mentioned below to score well in their CBSE class 12 Accountancy paper:
- Theory: In order to be able to solve maximum accountancy problems, it is important to get a good hold of the theory first. Go through the definitions, meanings, concepts, and explanations, and then move on to the application part.
- Study Process: Accountancy requires a good amount of practice on a regular basis. Students should make themselves familiar with the concepts of Bookkeeping, Ledgers, Balance sheet, etc, and solve as many problems based on them as possible.
- Presentation: As much as the answer itself will fetch marks for you, so will your presentation of the answer. Prepare proper tables with proper formats with appropriate labeling of the headers. Be clear with your presentation, and keep working notes properly while solving problems.
- Practice: Periodically brush up on the memorizing part to make sure you still remember the statistical part. Practice with CBSE class 12 sample papers to understand the latest marking scheme.
Download CBSE Class 12 Previous Years’ Papers:
Frequently Asked Questions
Ques. What are the maximum marks for the CBSE class 12 Accountancy paper?
Ans. CBSE class 12 Accountancy theory paper will carry 80 marks. The remaining 20 marks are allotted to the practical or project work.
Ques. Where can I check the complete class 12 Accountancy syllabus?
Ans. The class 12 accounts syllabus PDF is available for download on the official website cbse.gov.in as well as in the article above.
Ques. What are the passing marks for the class 12 Accountancy paper?
Ans. A minimum of 33% marks are required to be declared pass in the Accountancy paper.
Ques. What is the date for the CBSE class 12 Accountancy board exam 2023?
Ans. CBSE class 12 Accounts paper is scheduled on March 31, 2023.
Ques. What are some of the best CBSE class 12 Accountancy reference books?
Ans. Apart from the NCERT book, there are other reference books that are useful for the preparation of the board exam. Some of the best books include:
- Accountancy - D.K. Goel and T.S. Grewal
- ABD's Accountancy - Class XII (Part A) Vol. I
- ABD's Accountancy - Class XII (Part A) Vol. II
- ABD's Analysis of Financial Statements
- Analysis of Financial Statements Class XII, Part-B (Including Project Work)
Get Live Updates on Board Exams 2023: https://t.me/class_10_12_board_updates
*The article might have information for the previous academic years, please refer the official website of the exam.