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Bookkeeping And Accounting Class 12 for CommerceLets Tute · Last updated on Apr 02, 2025 |
INFINITY COURSE
Bookkeeping And Accounting Class 12 for CommerceLets Tute · Last updated on Apr 02, 2025 |
The Bookkeeping and Accounting Class 12 Course for Commerce on EduRev is a comprehensive program designed to provide students with a thorough understa
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nding of the subject. The course covers all the essential topics related to bookkeeping and accounting, including journal entries, ledger accounts, trial balance, financial statements, and more. With interactive video lectures, practice quizzes, and solutions to previous years' question papers, this course is perfect for students who want to excel in their commerce studies. Join now and get ready to ace your exams!
Bookkeeping And Accounting Class 12 Study Material
Bookkeeping And Accounting Class 12 for Commerce Exam Pattern 2025-2026
Bookkeeping and Accounting are important subjects for Class 12 Commerce students. It helps them understand the financial aspects of a business, including recording and analyzing financial transactions. To score well in this subject, students must be familiar with the exam pattern for Bookkeeping and Accounting Class 12.
The Exam Pattern for Bookkeeping and Accounting Class 12 Commerce
The exam pattern for Bookkeeping and Accounting Class 12 Commerce includes both theory and practical components. The theory paper is of 80 marks, while the practical is of 20 marks.
Theory Paper Pattern:
- The theory paper consists of two sections - A and B.
- Section A has 20 one-mark questions, and students have to attempt all of them.
- Section B has 11 questions, out of which students have to attempt any 9. Each question is of four marks.
- The total marks for the theory paper are 80.
Practical Paper Pattern:
- The practical paper is of 20 marks and consists of two parts - Project Work and Viva Voce.
- The Project Work is of 10 marks, and students have to submit a project on any topic related to Bookkeeping and Accounting.
- The Viva Voce is of 10 marks, and students have to answer questions related to the project they have submitted.
Key Topics for Bookkeeping and Accounting Class 12 Commerce Exam
To prepare well for the Bookkeeping and Accounting Class 12 Commerce exam, students must be familiar with the key topics. Some of the important topics for this subject include:
- Introduction to Bookkeeping and Accounting
- Accounting Equation and Journal
- Ledger and Subsidiary Books
- Trial Balance and Rectification of Errors
- Depreciation and Provisions
- Bills of Exchange and Promissory Notes
- Financial Statements - Trading and Profit & Loss Account and Balance Sheet
- Analysis of Financial Statements
Preparation Tips for Bookkeeping and Accounting Class 12 Commerce Exam
To score well in the Bookkeeping and Accounting Class 12 Commerce exam, students must follow these preparation tips:
- Understand the concepts thoroughly and practice them regularly.
- Solve previous years' question papers and sample papers to get an idea of the exam pattern and types of questions asked.
- Make notes and revise them regularly.
- Focus on the practical aspect of the subject and submit a well-researched project.
- Attend classes regularly and clear doubts with the teachers.
In conclusion, Bookkeeping and Accounting Class 12 Commerce exam pattern includes both theory and practical components. Students must focus on understanding the concepts and practice regularly to score well in this subject.
The Exam Pattern for Bookkeeping and Accounting Class 12 Commerce
The exam pattern for Bookkeeping and Accounting Class 12 Commerce includes both theory and practical components. The theory paper is of 80 marks, while the practical is of 20 marks.
Theory Paper Pattern:
- The theory paper consists of two sections - A and B.
- Section A has 20 one-mark questions, and students have to attempt all of them.
- Section B has 11 questions, out of which students have to attempt any 9. Each question is of four marks.
- The total marks for the theory paper are 80.
Practical Paper Pattern:
- The practical paper is of 20 marks and consists of two parts - Project Work and Viva Voce.
- The Project Work is of 10 marks, and students have to submit a project on any topic related to Bookkeeping and Accounting.
- The Viva Voce is of 10 marks, and students have to answer questions related to the project they have submitted.
Key Topics for Bookkeeping and Accounting Class 12 Commerce Exam
To prepare well for the Bookkeeping and Accounting Class 12 Commerce exam, students must be familiar with the key topics. Some of the important topics for this subject include:
- Introduction to Bookkeeping and Accounting
- Accounting Equation and Journal
- Ledger and Subsidiary Books
- Trial Balance and Rectification of Errors
- Depreciation and Provisions
- Bills of Exchange and Promissory Notes
- Financial Statements - Trading and Profit & Loss Account and Balance Sheet
- Analysis of Financial Statements
Preparation Tips for Bookkeeping and Accounting Class 12 Commerce Exam
To score well in the Bookkeeping and Accounting Class 12 Commerce exam, students must follow these preparation tips:
- Understand the concepts thoroughly and practice them regularly.
- Solve previous years' question papers and sample papers to get an idea of the exam pattern and types of questions asked.
- Make notes and revise them regularly.
- Focus on the practical aspect of the subject and submit a well-researched project.
- Attend classes regularly and clear doubts with the teachers.
In conclusion, Bookkeeping and Accounting Class 12 Commerce exam pattern includes both theory and practical components. Students must focus on understanding the concepts and practice regularly to score well in this subject.
Bookkeeping And Accounting Class 12 Syllabus 2025-2026 PDF Download
Commerce Bookkeeping and Accounting Class 12
- Introduction to bookkeeping and accounting
- Double entry system of bookkeeping
- Journal, ledger and trial balance
- Bank reconciliation statement
- Depreciation accounting
- Preparation of final accounts
Commerce Introduction to Partnership Firm & Final Accounts
- Meaning and types of partnership
- Partnership deed and its clauses
- Profit and loss appropriation account
- Preparation of balance sheet of a partnership firm
Commerce Reconstitution of Partnership - Admission
- Meaning and types of admission of a partner
- Revaluation account and goodwill
- Adjustment of capital and profit sharing ratio
- Treatment of accumulated profits and reserves
Commerce Reconstitution of Partnership - Retirement
- Meaning and types of retirement of a partner
- Calculation of retirement benefits and settlement of accounts
- Adjustment of capital and profit sharing ratio
- Treatment of accumulated profits and reserves
Commerce Partnership Accounting Adjustments
- Interest on capital and drawings
- Interest on loan and advances
- Salary and commission to partners
- Division of profit and loss
Commerce Reconstitution of Partnership - Death
- Calculation of deceased partner's share of profit
- Adjustment of capital and profit sharing ratio
- Treatment of accumulated profits and reserves
- Settlement of deceased partner's account
Commerce Dissolution of Partnership
- Meaning and types of dissolution of a partnership firm
- Preparation of realization account, capital account and cash/bank account
- Settlement of partner's loan and current account balances
- Treatment of accumulated profits and reserves
Commerce Accounts for 'Not For Profit' Concern
- Meaning and types of 'not for profit' organizations
- Receipts and payments account
- Income and expenditure account
- Preparation of balance sheet of a 'not for profit' organization
Commerce Bills of Exchange
- Meaning and types of bills of exchange
- Features and parties involved in bills of exchange
- Accounting treatment of bills of exchange
- Dishonour of bills of exchange and related entries
Commerce Single Entry System
- Meaning and features of single entry system
- Conversion of single entry system into double entry system
- Preparation of statement of affairs and profit and loss account
- Limitations of single entry system
Commerce Accounting of Companies
- Meaning and types of companies
- Capital and debenture issue
- Final accounts of companies
- Dividend and bonus issue
Commerce GST
- Meaning and features of GST
- Registration and filing of GST returns
- Input tax credit and output tax liability
- Computation of GST payable
This course is helpful for the following exams: Commerce
How to Prepare Bookkeeping And Accounting Class 12 for Commerce?
Preparing for Bookkeeping and Accounting Class 12 Commerce can seem daunting at first, but with the right approach, it can be an enjoyable and rewarding experience. Here are some key tips to help you get started and excel in this subject.
Understand the Course Structure: It is important to have a clear understanding of the course structure and syllabus. This will help you plan your study schedule and prioritize your learning. The Bookkeeping and Accounting Class 12 Commerce course offered by EduRev covers topics such as accounting principles, financial statements, ledger entries, and taxation.
Master the Basics: Bookkeeping and Accounting involve a lot of calculation and data analysis. Therefore, it is essential to have a strong foundation in mathematics and statistics. Make sure you are comfortable with concepts like percentages, ratios, and graphs.
Practice Regularly: The key to success in Bookkeeping and Accounting is regular practice. Solve as many problems as you can from different sources and try to understand the logic behind each step. EduRev offers a wide range of practice material and sample papers to help you test your knowledge and skills.
Stay Updated: The world of finance and accounting is constantly evolving, and it is essential to stay updated with the latest trends and practices. Subscribe to relevant blogs, read financial newspapers, and attend seminars and workshops to enhance your knowledge.
Collaborate with Peers: Collaborating with peers can be a great way to learn and grow. Join study groups, participate in online forums, and discuss ideas and concepts with your classmates. EduRev offers a platform for students to connect and collaborate with each other.
Seek Help When Needed: Don't hesitate to seek help when you are stuck on a concept or problem. Reach out to your teacher, tutor, or classmates for guidance and support. EduRev offers a doubt-solving feature that allows you to get your queries answered by subject matter experts.
In conclusion, preparing for Bookkeeping and Accounting Class 12 Commerce requires discipline, dedication, and a willingness to learn. With the right approach and resources, you can ace this subject and pave the way for a successful career in finance and accounting.
Understand the Course Structure: It is important to have a clear understanding of the course structure and syllabus. This will help you plan your study schedule and prioritize your learning. The Bookkeeping and Accounting Class 12 Commerce course offered by EduRev covers topics such as accounting principles, financial statements, ledger entries, and taxation.
Master the Basics: Bookkeeping and Accounting involve a lot of calculation and data analysis. Therefore, it is essential to have a strong foundation in mathematics and statistics. Make sure you are comfortable with concepts like percentages, ratios, and graphs.
Practice Regularly: The key to success in Bookkeeping and Accounting is regular practice. Solve as many problems as you can from different sources and try to understand the logic behind each step. EduRev offers a wide range of practice material and sample papers to help you test your knowledge and skills.
Stay Updated: The world of finance and accounting is constantly evolving, and it is essential to stay updated with the latest trends and practices. Subscribe to relevant blogs, read financial newspapers, and attend seminars and workshops to enhance your knowledge.
Collaborate with Peers: Collaborating with peers can be a great way to learn and grow. Join study groups, participate in online forums, and discuss ideas and concepts with your classmates. EduRev offers a platform for students to connect and collaborate with each other.
Seek Help When Needed: Don't hesitate to seek help when you are stuck on a concept or problem. Reach out to your teacher, tutor, or classmates for guidance and support. EduRev offers a doubt-solving feature that allows you to get your queries answered by subject matter experts.
In conclusion, preparing for Bookkeeping and Accounting Class 12 Commerce requires discipline, dedication, and a willingness to learn. With the right approach and resources, you can ace this subject and pave the way for a successful career in finance and accounting.
Importance of Bookkeeping And Accounting Class 12 for Commerce
Importance of Bookkeeping and Accounting Class 12 Course for Commerce
As a student pursuing commerce, it is important to understand the significance of bookkeeping and accounting in running a successful business. The Bookkeeping and Accounting Class 12 course provided by EduRev is a great way to learn the fundamentals of accounting and how it impacts a business.
Key Pointers:
1. Understanding Financial Statements: The course helps students understand the different financial statements such as balance sheets, income statements, and cash flow statements. This knowledge is crucial in evaluating the financial health of a business and making informed decisions.
2. Principles of Accounting: The course teaches students the basic principles of accounting such as double-entry bookkeeping, journal entries, and ledger accounts. These principles form the foundation of accounting, and understanding them is essential in creating accurate financial statements.
3. Taxation: The course covers the basics of taxation, including different types of taxes and their implications. This knowledge is important in ensuring compliance with tax laws and minimizing tax liabilities.
4. Business Planning: By learning about financial statements and accounting principles, students can develop the skills necessary to create a business plan. This plan can help in securing funding, setting goals, and making informed business decisions.
5. Career Opportunities: A strong understanding of bookkeeping and accounting can open up numerous career opportunities in the field of finance. This includes jobs in accounting, auditing, financial analysis, and taxation.
Conclusion:
In conclusion, the Bookkeeping and Accounting Class 12 course offered by EduRev is an important course for commerce students. It provides essential knowledge and skills that are necessary for success in the world of finance. By enrolling in this course, students can gain a competitive edge and prepare themselves for a rewarding career in finance.
As a student pursuing commerce, it is important to understand the significance of bookkeeping and accounting in running a successful business. The Bookkeeping and Accounting Class 12 course provided by EduRev is a great way to learn the fundamentals of accounting and how it impacts a business.
Key Pointers:
1. Understanding Financial Statements: The course helps students understand the different financial statements such as balance sheets, income statements, and cash flow statements. This knowledge is crucial in evaluating the financial health of a business and making informed decisions.
2. Principles of Accounting: The course teaches students the basic principles of accounting such as double-entry bookkeeping, journal entries, and ledger accounts. These principles form the foundation of accounting, and understanding them is essential in creating accurate financial statements.
3. Taxation: The course covers the basics of taxation, including different types of taxes and their implications. This knowledge is important in ensuring compliance with tax laws and minimizing tax liabilities.
4. Business Planning: By learning about financial statements and accounting principles, students can develop the skills necessary to create a business plan. This plan can help in securing funding, setting goals, and making informed business decisions.
5. Career Opportunities: A strong understanding of bookkeeping and accounting can open up numerous career opportunities in the field of finance. This includes jobs in accounting, auditing, financial analysis, and taxation.
Conclusion:
In conclusion, the Bookkeeping and Accounting Class 12 course offered by EduRev is an important course for commerce students. It provides essential knowledge and skills that are necessary for success in the world of finance. By enrolling in this course, students can gain a competitive edge and prepare themselves for a rewarding career in finance.
Bookkeeping And Accounting Class 12 for Commerce FAQs
| 1. What is the difference between bookkeeping and accounting? |  |
Ans. Bookkeeping is the process of recording financial transactions while accounting is the process of interpreting, analyzing, and summarizing financial data. Bookkeeping is a part of accounting. It involves recording transactions in journals, posting them to ledgers, and preparing financial statements. Accounting involves analyzing and interpreting financial data to make informed decisions about the financial health of an organization.
| 2. What are the types of bookkeeping systems? | |
Ans. The two types of bookkeeping systems are single-entry and double-entry systems. Single-entry bookkeeping is a basic system that records only one entry for each transaction, while double-entry bookkeeping records two entries for every transaction. Double-entry bookkeeping is considered more accurate and reliable as it creates a system of checks and balances.
| 3. What are the three golden rules of accounting? | |
Ans. The three golden rules of accounting are:
1. Debit what comes in and credit what goes out
2. Debit expenses and losses, and credit income and gains
3. Debit the receiver and credit the giver
These rules help ensure that financial transactions are recorded accurately and consistently.
| 4. What is the purpose of a trial balance? | |
Ans. The purpose of a trial balance is to ensure that the total debits and credits recorded in the bookkeeping system are equal. It is a listing of all the accounts in the ledger with their respective debit or credit balances. If the total debits and credits do not match, it indicates an error in the bookkeeping system that needs to be corrected before financial statements can be prepared.
| 5. What is the difference between a balance sheet and an income statement? | |
Ans. A balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time. It provides a snapshot of the company's financial position. An income statement, on the other hand, is a financial statement that shows a company's revenues, expenses, and net income over a period of time, such as a month or year. It provides a summary of the company's financial performance.
Best Coaching for Bookkeeping And Accounting Class 12 for Commerce
EduRev is the best coaching platform for Bookkeeping and Accounting Class 12 for Commerce students. The platform offers free online coaching with expert teachers who provide in-depth explanations of important concepts. Students can access online study material, download PDFs, and summaries of important chapters. EduRev covers all the necessary topics in Bookkeeping and Accounting, including Financial Statements, Double Entry System, Ledger, Trial Balance, Profit and Loss Account, Balance Sheet, Cash Flow Statement, Depreciation, Ratio Analysis, Bank Reconciliation Statement, Accounting Equation, Journal Entries, Accounting Principles, Accounting Standards, and Financial Management. With EduRev, students can learn at their own pace and ask their queries to the expert teachers. The platform provides an interactive learning experience with quizzes, tests, and mock exams to help students evaluate their understanding of each topic. EduRev also offers online coaching for other commerce subjects, making it a one-stop solution for students. The platform is easily accessible through its app or website. With EduRev, students can improve their conceptual understanding, strengthen their problem-solving skills, and prepare confidently for their exams. So, if you are a Class 12 Commerce student looking for the best coaching for Bookkeeping and Accounting, EduRev is the right choice for you.
Tags related with Bookkeeping And Accounting Class 12 for Commerce
Bookkeeping, Accounting, Commerce, Class 12, Financial Statements, Double Entry System, Ledger, Trial Balance, Profit and Loss Account, Balance Sheet, Cash Flow Statement, Depreciation, Ratio Analysis, Bank Reconciliation Statement, Accounting Equation, Journal Entries, Accounting Principles, Accounting Standards, Financial Management.
Best Bookkeeping And Accounting Class 12 for Commerce NCERT Solutions and Study Materials
Looking for the best Bookkeeping And Accounting Class 12 for Commerce NCERT study materials and Bookkeeping And Accounting Class 12 for Commerce NCERT Book solutions?
EduRev has got you covered! Our platform offers comprehensive Commerce NCERT Solutions and NCERT Study Materials that
are tailored to fit the needs of Commerce students. Our Bookkeeping And Accounting Class 12 for Commerce NCERT Book Solutions are designed to
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all the questions in the Bookkeeping And Accounting Class 12 for Commerce NCERT Tests, making it easy for students to follow along and grasp
the concepts. EduRev’s chapter-wise NCERT Solutions for Commerce are comprehensive and designed by a team of
experienced teachers to cater to the learning needs of students. And the best part is - we offer
our Bookkeeping And Accounting Class 12 for Commerce NCERT Solutions and Study Materials for free to students.
So, if you're looking for the best NCERT Book Solutions and Study Materials for Bookkeeping And Accounting Class 12 for Commerce,
look no further than EduRev. Our platform offers everything you need to excel in your studies and achieve your academic goals.
Course Description
Bookkeeping And Accounting Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum for Commerce 2025-2026 is part of Commerce preparation. The notes and questions for Bookkeeping And Accounting Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum have been prepared
according to the Commerce exam syllabus. Information about Bookkeeping And Accounting Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum covers all important topics for Commerce 2025-2026 Exam.
Find important definitions, questions, notes,examples, exercises test series, mock tests and Previous year questions (PYQs) below for
Bookkeeping And Accounting Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum.
Preparation for Bookkeeping And Accounting Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum in English is available as part of our Commerce preparation & Bookkeeping And Accounting Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum in Hindi for Commerce courses.
Download more important topics related with Bookkeeping And Accounting Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum, notes, lectures and mock test series for Commerce Exam by signing up for free.
Course Speciality
In this course, we will understand the fundamentals of accounting and the entire process of preparing a financial statement of a sole proprietary concern for class 12th Students. This is the best bookkeeping online course that consists of simple and logical explanatory videos on each of the mentioned topics along with some problem-solving sessions and fun quiz
videos that will test your knowledge on the subject.
videos that will test your knowledge on the subject.
Full Syllabus, Lectures & Tests to study Bookkeeping And Accounting Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum - Commerce | Best Strategy to prepare for Bookkeeping And Accounting Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum | Free Course for Commerce Exam
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Course Speciality
In this course, we will understand the fundamentals of accounting and the entire process of preparing a financial statement of a sole proprietary concern for class 12th Students. This is the best bookkeeping online course that consists of simple and logical explanatory videos on each of the mentioned topics along with some problem-solving sessions and fun quiz
videos that will test your knowledge on the subject.
videos that will test your knowledge on the subject.
Full Syllabus, Lectures & Tests to study Bookkeeping And Accounting Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum - Commerce | Best Strategy to prepare for Bookkeeping And Accounting Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum | Free Course for Commerce Exam
Additional Information about Bookkeeping And Accounting Class 12 for Commerce for Commerce Preparation
Bookkeeping And Accounting Class 12 for Commerce Books
Bookkeeping And Accounting Class 12 for Commerce Books is your ultimate resource for mastering the Commerce Exam.
Get with a wide array of carefully selected books that cover every aspect of the Bookkeeping And Accounting Class 12 for Commerce syllabus.
From in-depth subject knowledge to practice papers, our collection has it all.
Boost your confidence by attempting question papers and gain valuable insights from detailed paper analysis.
Prepare with precision using our mock tests, designed to simulate the real exam experience.
With Bookkeeping And Accounting Class 12 for Commerce Commerce Books, you'll have the best study material at your fingertips, ensuring your success in the Commerce Exam.
Bookkeeping And Accounting Class 12 for Commerce Notes PDF Download
Access the comprehensive Bookkeeping And Accounting Class 12 for Commerce Notes for Commerce Exam at EduRev.
Elevate your preparation with well-structured study material and concise notes.
Stay updated with the latest exam pattern and syllabus.
Prepare confidently with practice papers and question banks. Enhance your understanding through detailed paper analysis.
Get access to toppers' notes for valuable insights.
With Bookkeeping And Accounting Class 12 for Commerce Notes PDF download, you can streamline your study and be well-prepared for the Commerce Exam.
Achieve success with EduRev's trusted study resources and boost your scores effortlessly.
Bookkeeping And Accounting Class 12 for Commerce Previous Year Papers
Bookkeeping And Accounting Class 12 for Commerce Previous Year Papers from EduRev: Prepare for Commerce exam with ease using our extensive collection of Previous Year Papers.
Access question papers, practice papers, and in-depth paper analysis to master the exam pattern and syllabus.
Stay updated on the exam date and results while practicing in your preferred language.
Whether you need preparation tips, best books, study material, or subject-specific syllabus, EduRev's official website has you covered.
Enhance your exam readiness with Toppers' notes and comprehensive videos.
Trust EduRev's Previous Year Papers for a successful Commerce exam journey.
Important Questions for Bookkeeping And Accounting Class 12 for Commerce
Important questions are crucial for acing your Commerce exam.
Understanding the question pattern and types is essential for effective preparation.
Explore previous years' question papers to get a sense of the language and format used.
Practice papers are available to hone your skills and assess your progress.
Analyzing question trends can give you an edge during the exam. Our recommended books and study material cover all topics in the syllabus.
Additionally, coaching videos provide valuable insights. Stay updated on the official website for exam dates and results.
Prepare with confidence, as EduRev has got your question-related needs covered for Bookkeeping And Accounting Class 12 for Commerce .
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