Haryana Board HBSE Class 12 Accountancy Syllabus 2024-25: Download Detailed Syllabus PDF For Free

ACCOUNTING FOR PARTNERSHIP ACCOUNTS

Unit 1 - Accounting for Partnership Firm – Basic Concepts

Unit 2 - Reconstitution of a Partnership Firm- Change in the profit sharing ratio Admission of a Partner

Unit 3 - Reconstitution Of a Partnership FirmRetirement/Death of a Partner

Unit 4 - Dissolution of Partnership Firm

ACCOUNTING FOR COMPANY ACCOUNTS

Unit 5 - Accounting for Share Capital

Unit 6 - Issue of Debentures

Unit 7. Overview of Computerised Accounting System

Unit 8. Accounting Application of Electronic Spreadsheet

Unit 9.Using Computerised Accounting System

Unit - 1

Accounting For Partnership – Basic Concepts

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).

Unit - 2 Reconstitution Of Partnership Firm- Admission Of A Partner

Change in the Profit Sharing Ratio:

Meaning of reconstitution of partnership firm. 

Sacrificing ratio, gaining ratio, new ratio 

Accounting for revaluation of assets and reassessment of liabilities.

Treatment of reserves, accumulated profits and losses.

Preparation of revaluation account and balance sheet. 

Goodwill [meaning, factors affecting, need for valuation methods for calculation (Average profit method, Super profit method and Capitalization method), adjusted through partners’ capital/ current account.]

Admission of new partner:

Effect of admission of a partner on profit sharing ratio.

Treatment of Goodwill (as per AS 26). 

Adjustments of reserves, accumulated profits and losses. 

Revaluation of assets and Reassessment of liabilities 

Adjustment of capital accounts and preparation of capital, current account and balance sheet. 

Effect of retirement /death of a partner on change in the profit sharing ratio. 

Treatment of Goodwill (as per AS 26). 

Adjustments of reserves, accumulated profits and losses. 

Revaluation of assets and Reassessment of liabilities

Adjustment of capital accounts and preparation of capital, current account and balance sheet.

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. 

Unit - 4

Dissolution Of Partnership Firm

Meaning of dissolution of partnership and partnership firm. 

Difference between dissolution of partnership and 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.

Unit - 5

Accounting For Share Capital

Features and types of companies. 

Share and share capital: nature and types. 

Accounting for share capital: issue and allotment of equity and preferences shares. 

Public subscription of shares – over subscription and under subscription of shares; issued at par and at premium, calls in advance and arrears (excluding interest). 

Issue of shares for consideration other than cash. 

Concept of Private Placement and Employee Stock Option Plan (ESOP), Sweat Equity shares.

Accounting treatment of forfeiture and reissue of shares. 

Disclosure of share capital in the Balance Sheet of a company.

Unit - 6

Issue of Debentures

Debentures: Meaning, types, 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. 

Issue of debentures as collateral security. 

Interest on debentures. 

Writing off discount / loss on issue of debentures

Unit - 7

Financial Statements of a company

Meaning, Nature, Uses and importance of financial Statement. 

Limitations of Financial Statements. 

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) 

Types of Financial statements 

Unit – 8

Analysis of Financial Statements 

Meaning, significance and objectives of Analysis of Financial Statements.

Tools of Analysis of Financial Statements. 

Comparative Statements. 

Common Size Statements. 

Limitations of Financial Statements. 

Unit - 9

Accounting Ratios 

 Classification and Computation:  Liquidity Ratios • Solvency Ratios • Activity Ratios • Profitability Ratios

Unit – 10

Cash Flow Statement 

Meaning, Objectives and Benefits of Cash Flow Statement. 

Cash and Cash Equivalents. 

Classification of activities for Preparation of Cash Flow statement (as per AS 3 (Revised) (Indirect Method only). 

Ascertaining Cash Flow from Operating Activities.  

Ascertaining of Cash Flow from Investing and FinancingActivities.

Preparation of Cash Flow Statement with adjustments

OR PART B – 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

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.

Accountancy -I Class XII BSEH Publication © NCERT

Accountancy -II Class XII BSEH Publication © NCERT

Accountancy – Computerized Accounting System Class XII NCERT Publication