Maharashtra State Board HSC Book Keeping and Accountancy Syllabus, Pattern and Marking Scheme

Maharashtra Board HSC level students studying in Commerce and Arts stream can check here syllabus for the elective subject i.e. Book Keeping and Accountancy as well as Paper Pattern and Marking scheme for the subject.

Created On: Jun 13, 2018 18:19 IST
Maharashtra State Board HSC Book Keeping and Accountancy Subject Syllabus
Maharashtra State Board HSC Book Keeping and Accountancy Subject Syllabus

Maharashtra Board Syllabus for HSC Booking Keeping and Accountancy is available here for Class 11th and Class 12th. Moreover, the examination pattern of Maharashtra Board HSC Accountancy subject including evaluation scheme, type of questions, complete syllabus as well as chapter-wise marks allotment. The Maharashtra Board HSC Accountancy Syllabus has been revised considering that Book Keeping and Accountancy is one of the core subjects of Commerce stream. The Book Keeping and Accountancy subject of Maharashtra Board HSC Level can be studied by Commerce as well as Arts stream students as an elective subject. Moreover, the syllabus of Maharashtra Board HSC Accountancy subject has been designed by keeping in mind that the students will be pursuing professional courses like Chartered Accountancy, Company Secretary Course, ICWAI courses etc. therefore, they will be able to learn basic principles, terms, definitions, Acts (Companies Act, Co-operative Societies Act, Partnership Act etc.) and also the arithmetic skills for book keeping and accountancy.  Check here Book Keeping and Accountancy Syllabus for Maharashtra Board HSC Level including examination evaluation scheme, syllabus and chapter-wise marks weightage.

Examination Scheme of Maharashtra Board Accountancy Paper –

1. The 100 marks weightage divided is 80 marks for Theory Paper and 20 marks for Practical/Viva/Projects.

2. The question paper will carry different type of questions such as –

  • Very Short Answer Type/Objective type questions with multiple choices which will carry one mark each.
  • Short Answer Type questions carrying two or three marks each.
  • Long Answer Type questions carrying four to six marks each.

Maharashtra Board HSC Syllabus for Book Keeping and Accountancy –

Maharashtra Board Class 11th Syllabus for Accountancy


Detailed Topics

Chapter 1: Introduction of Book-keeping and Accountancy

  • Meaning and definition
  • Objectives
  • Importance and Utility
  • Difference between Book-Keeping and Accountancy
  • Basis of Accounting - Cash basis and Accrual basis
  • Qualitative characteristics of accounting information
  • Financial Accounting, Cost Accounting, Management Accounting

Chapter 2: Basic Accounting Terminologies

  • Business Transactions - Cash Transactions and Credit Transactions
  • Goods
  • Profit, loss-Operating and Non-operating profits, Normal gains and abnormal gains with examples. Difference between profit and Income
  • Assets, Liabilities, Net-worth/ Owners Equity Assets: Fixed/ Current/Tangible/ Intangible/ fictitious
  • Contingent Liability
  • Capital, Drawings
  • Debtors, Creditors
  • Capital Expenditure, Revenue and Deferred Revenue Expenditure
  • Cash discount and Trade discount
  • Solvent and Insolvent
  • Accounting Year
  • Trading Concerns and ‘Not for Profit’ Concerns Goodwill

Chapter 3: Accounting Concepts, Conventions and Principles and Indian Accounting standards concepts and objectives

  • Meaning and Importance
  • Business Entity
  • Money measurement
  • Cost
  • Consistency
  • Conservatism
  • Going Concern
  • Realization
  • Accrual
  • Dual Aspect
  • Disclosure
  • Materiality
  • Revenue
  • Matching
  • Accounting Standards

Chapter 4: Meaning and fundamentals of Double Entry Book-keeping System

  • Study of Double Entry Book-keeping system
  • Advantages of Double Entry Bookkeeping system
  • Comparison of Double Entry Bookkeeping system with Conventional Accounting system

Chapter 5: Classification of Accounts and Accounting equations Rules

  • Types of accounts-personal, Impersonal accounts- Real accounts, Nominal accounts
  • Rules for different accounts for passing entries
  • Illustrations
  • Accounting equations Assets, Liabilities, Revenue and capital expenses
  • Brief: Explanation about IFRS

Chapter 6: Source documents required for Accounting

  • Meaning, contents and specimen
  • Voucher-internal, external voucher
  • Petty cash and cash voucher
  • Cash and Credit memo
  • Receipt
  • Debit and Credit note
  • Pay-in-slip
  • Withdrawal slip
  • Cheque-Bearer, Order, Crossed, Account payee
  • Bank pass book, Bank Statement and Bank advice

Chapter 7: Journal

  • Meaning, Importance and utility of Journal
  • Specimen of Journal
  • Writing of Journal entries

Chapter 8: Subsidiary Books

  • Meaning, need and specimen of different Subsidiary Books
  • Simple Cash Book with cash column only
  • Cash Book with cash and bank columns
  • Analytical Petty Cash Book-imprest system
  • Purchase Book
  • Sales Book
  • Purchase Return Book
  • Sales Return Book
  • Bank Book
  • Journal Proper, Transactions of Discounts to be taken in Journal Proper

Chapter 9: Ledger

  • Meaning, need and contents of ledger be explained
  • Specimen of ledger
  • Posting of entries from Subsidiary books to ledger
  • Balancing of ledger accounts

Chapter 10: Bank Reconciliation Statement

  • Meaning, need and importance
  • Reasons for difference in bank balance as per cash book and balance as per bank pass book
  • Specimen of Bank Reconciliation Statement
  • Preparation of Bank Reconciliation Statement

Chapter 11: Trial balance

  • Meaning and Purpose
  • Specimen of Trial Balance
  • Preparation of Trial Balance from given balances of accounts

Chapter 12: Errors and their rectification

  • Meaning and effects of errors
  • Types of errors - Errors of principles, Errors of Ommission, Errors of commission and Compensating Errors
  • Steps to locate errors
  • Errors affecting and not affecting Trial Balance
  • Treatment of balance of suspense account
  • Rectification entries

Chapter 13: Depreciation, Provisions and Reserves

  • Depreciation : Meaning, Need and Factors affecting depreciation
  • Methods of computation of Depreciation: Straight Line Method, Written Down Value Method (Excluding Change in method)
  • Accounting Treatment of Depreciation : By charging to asset account by creating Provision for depreciation / accumulated depreciation account
  • Provisions and Reserves: Meaning, Objectives and Difference between provisions and Reserves
  • Types of Reserves: Revenue Reserve, Capital Reserve, General Reserve, Specific reserves, Secret reserves

Chapter 14: Financial statements of Proprietary concern

  • Financial Statements- Meaning, objective and Importance
  • Preparation of Trading Account
  • Preparation of Profit and Loss Account
  • Preparation of Balance Sheet
  • Effects of following adjustments only

a. Closing stock

b. Depreciation

c. Bad and Doubtful debts

d. Provision for discount on Debtors and Creditors

e. Outstanding expenses

f. Prepaid expenses

g. Accrued income

h. Income received in advance

i. Drawings

j. Goods distributed as free sample

Chapter 15: Computer in Accounting

  • Introduction to Computer Accounting System: Components of CAS, Features, Grouping of Accounts, using software of C.A.S.
  • Application of computer accounting Automation of accounting process, designing accounting reports, data exchange with other information system

Career Options after 12th for Humanities Stream Students
Maharashtra Board Class 12th Syllabus for Accountancy


Detailed Topics

Chapter 1: Introduction to Partnership

  • Meaning and definitions
  • The Indian partnership Act 1932
  • Methods of capital accounts –

i) Fixed Capital Method

ii) Fluctuating Capital Method

Chapter 2: Partnership Final Accounts

  • Introduction and Necessity of preparation of Final Accounts with following adjustments
  • Adjustments

a. Closing stock

b. Outstanding expenses

c. Prepaid expenses

d. Income received in advance e. Income receivable

f. Bad debts

g. Provision for doubtful debts

h. Reserve for discount on debtors and creditors i. Depreciation

j. Interest on capital, drawings and loans k. Interest on investment and loans

l. Goods destroyed by fire/ accident (insured / uninsured)

m. Goods stolen

n. Goods distributed as free samples

o. Goods withdrawn by partners

p. Unrecorded purchases and sales

q. Capital expenditure included in revenue expenses and vice-versa

r. Bills Receivable dishonoured

s. Bills payable dishonoured

t. Deferred expenses

u. Capital receipts included in revenue. Receipts and vice-versa

v. Commission to working partner/ Managers on the basis of Gross profit, Net profit, sales, etc.

Chapter 3: Reconstitution of Partnership

  • Meaning and different ways of reconstitution
  • Admission of a partner
  • Meaning and Need
  • Capital brought by new partner
  • New profit sharing ratio
  • Sacrifice ratio
  • Goodwill - Meaning, Methods of valuation and treatment of goodwill
  • Average profit method
  • Super profit method
  • Adjustment of accumulated profits and losses
  • Revaluation of assets and liabilities
  • Adjustment of capitals
  • Retirement / Death of a partner
  • Meaning, need
  • New ratio
  • Gain ratio
  • Treatment of goodwill
  • Adjustment of accumulated profits and losses
  • Revaluation of assets and liabilities
  • Adjustment of capital
  • Amount due to retiring partner
  • Death of partner

Chapter 4: Dissolution of Partnership Firm

  • Simple dissolution
  • Dissolution under In-solvancy situation

Chapter 5: Accounts of “Not for Profit” concerns

  • Introduction, meaning and features of “Not for Profit” concerns
  • Receipts and Payments Account meaning and features
  • Distinction between Income and Expenditure account
  • Preparation of Income and Expenditure Account and Balance Sheet with the following

A.) Additional Information –

1. Outstanding expenses and prepaid expenses of the current and previous year

2. Accrued income and income received

in advance

3. Subscription received in advance and Subscription outstanding of the current and previous year

4. Depreciation

5. Capitalisation of entrance fees

6. Creation of special funds out of donations

7. Stock of stationery

8. Opening balances of assets and liabilities

B.) Important Items –

Entrance fees, Subscriptions, Legacy, life membership fees, Sale of old assets, Scrap, News papers, Specific donation, General Donations, Specific Funds, Endowment fund

Chapter 6: Single entry system

  • Introduction - Meaning of single entry system Difference between single entry and double entry system
  • Preparation of statements
  • Additional information
  • Additional capital
  • Drawings
  • Depreciation on fixed Asset
  • Bad Debts
  • Reserve for Doubtful Debts
  • Undervaluation and Overvaluation of Assets and Liabilities
  • Interest on loan
  • Interest on capital
  • Interest on Drawings
  • Partners salary
  • Outstanding / Unpaid expenses
  • Prepaid Expenses/ Expenses paid in advance Illustrations

Chapter 7: Bill of Exchange (Only Trade Bill)

  • Introduction, necessity, Meaning, Definition of Bill of Exchange
  • Draft/format of Bills, Parties to the Bill of Exchange, Acceptance of Bill, Terms of Bill, Days of Grace, Date of maturity, Due Date, Types of Bill
  • Honouring of Bill, Dishonour of Bill, Noting and Protesting of Bill, Notary Public and Noting Charges
  • Accounting Treatment of Bill by the Drawer/Holder and Drawee in following cases  -

a) Retaining the Bill till due date honour/dishonour, insolvency of the drawee/ acceptor

b) Endorsement of the Bill, Honour/ dishonour and also insolvency of acceptor

c) Discounting the Bill with the Bank honour/dishonour and insolvency

d) Sending the Bill to the Bank for collection, honour/ dishonour and insolvency

e) Renewal of Bill-Reasons for Renewal of the Bill. Renewal of Bill with or without charging interest

f) Making part payment of basic amount, interest and noting charges and drawing of new Bill

g) Honour/dishonour of New Bill

h) Insolvency of the acceptor and settlement of his account

i) Retirement of Bill

j) Journal Entries and Ledger

Chapter 8: Company Accounts Part-I Accounting for shares

  • Share and share capital, Meaning, Nature and Types Accounting for Share Capital: Issue and Allotment of Equity Shares
  • Private placement of shares
  • Public subscription of shares
  • Over subscription and Under subscription of shares
  • Issue at Par and premium, and at discount, Calls in advance in arrears, Issue of shares for consideration other than cash
  • Accounting treatment of forfeiture and re-issue
  • Disclosure of Share capital in Company’s Balance Sheet (Horizontal form)

Chapter 9: Company Accounts Part-II Accounting for Debentures

  • Debentures: Meaning, Issue of debentures at par, at premium and at discount
  • Issue of debentures for consideration other than cash. Interest on Debentures

Chapter 10: Analysis of financial statements

  • Financial statement Analysis: meaning, objectives and limitations
  • Tools for financial statement Analysis-meaning of comparative statements, common size statements, cash flow analysis, and Ratio analysis
  • Accounting Ratios: Meaning objectives and classification of Ratios
  • Introductions to current ratio, liquid ratio, Gross profit ratio, operating profit ratio and Net profit ratio


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