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CBSE Class 12 Accountancy Board Exam 2020: Chapter-Wise Important Topics

CBSE Class 12th Board Exams 2020 have already begun and the most important exam of Commerce stream- Accountancy is due on March 5.  Check this list of Chapter-wise important topics from Accountancy you should not skip revising.

Mar 3, 2020 11:36 IST
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Class 12 Accountancy Important Topics
Class 12 Accountancy Important Topics

CBSE Class 12th Board exam of Accountancy is scheduled for 5 March 2020. Considering the importance of last minute revision, we have pointed out some important topics from the complete CBSE 12th Accountancy Syllabus. There is a huge probability that questions based on these concepts will be asked in Accountancy board exam 2020.

CBSE Class 12 Accountancy Board Exam 2020: Most important topics (Part A & B)

Part A- (Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

Chapter 1 : Accounting for Not-for-Profit Organisation

- Not-for-profit organizations (1 Marks Questions Important)

- Income and Expenditure Account: Preparation of income and expenditure account

- Balance sheet from the given receipts and payments account (Very Important)

Chapter 2 :  Partnership Firm- Basic Concept

- Preparation of Profit and Loss Appropriation account

- Division of profit among partners

- Past Adjustments (relating to interest on capital, interest on drawing, salary and profit sharing ratio). 

Chapter 3 : Reconstitution of a Partnership Firm – Admission of a Partner

- Admission of a New Partner

- New Profit Sharing Ratio

- Goodwill

- Revaluation of Assets and Reassessment of Liabilities

Chapter 4 : Retirement/Death of a Partner

- Retirement and death of a partner

- Preparation of deceased partner’s capital account

- Treatment of Goodwill

- Disposal of Amount Due to Retiring Partner

Chapter 5 : Dissolution of Partnership Firm

- Dissolution of partnership

- Settlement of accounts

- Realization account

- Dissolution of a Firm

Download CBSE Class 12 Accountancy Syllabus 2019-20 in PDF Format

Class 12 Accountancy Chapter-Wise Most Important Questions & Answers

Part B : Analysis of Financial Statements

Chapter 1 : Accounting for Share Capital

- Issue of Shares

- Accounting Treatment

- Forfeiture of Shares

Chapter 2 : Issue and Redemption of Debentures

- Distinction between Shares and Debentures

- Accounting Treatment of Debentures

- Accounting Treatment

Chapter 3 :  Financial Statements of a Company

- Meaning and Objective of Financial Statements

- Form and Contents of Income Statement

- Form and Contents of Balance Sheet

Chapter 4 : Analysis of Financial Statement

- Meaning and Objective of Financial Analysis

Chapter 5 : Accounting Ratio

- Types of Ratios

- Liquidity Ratios

- Solvency Ratios

- Activity (or Turnover) Ratios

- Profitability Ratios 

Chapter 6 : Cash Flow Statement

- Classification of Activities for the Preparation of

Cash Flow Statement

- Preparation of Cash Flow Statement

 Chapter-wise Important Questions & Answers on Class 12 Microeconomics and Macroeconomics

 

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