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Accountancy Class 12 for Commerce55,728 students learning this week |
EduRev's Accountancy Class 12 Course for Commerce is a comprehensive program designed to provide students with a thorough understanding of accountancy concepts and principles. The course covers various topics such as accounting principles, partnership accounting, company accounts, and financial statements. Through this course, students will gain practical knowledge and skills that will help them excel in their academic and professional careers. The course is structured in a way that is easy to comprehend, making it an ideal program for students looking to enhance their accountancy skills.
Accountancy Class 12 Study Material
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Accountancy Class 12 for Commerce Exam Pattern 2023-2024
Accountancy Class 12 Exam Pattern for Commerce
If you are a student of commerce in class 12, then you must be aware of the importance of accountancy in your curriculum. Accountancy is a subject that requires strong conceptual clarity and in-depth knowledge of various accounting principles. To assess your understanding of the subject, your school or board will conduct an exam that follows a specific pattern. In this article, we will discuss the exam pattern for accountancy class 12 for commerce students.
Exam Duration
The duration of the accountancy exam for class 12 is usually three hours. During this time, you will have to answer the questions that are asked in the paper. It is essential to manage your time effectively to attempt all questions within the given time.
Types of Questions
The accountancy exam for class 12 usually consists of two types of questions:
1. Theory Questions: These questions are based on the concepts and principles of accounting. You will be asked to write descriptive answers to these questions.
2. Numerical Questions: These questions are based on the application of accounting principles and require you to solve numerical problems.
Question Paper Pattern
The question paper for the accountancy exam for class 12 is usually divided into two sections:
1. Section A: This section consists of 20 marks and contains theory-based questions.
2. Section B: This section consists of 60 marks and contains numerical-based questions.
Within section B, there will be sub-sections that will have different weightage.
You will have to attempt all questions in the given order, and there will be no choice provided.
Marking Scheme
The marking scheme for the accountancy exam for class 12 is as follows:
1. Each question will have different weightage, which will be mentioned in the question paper.
2. For numerical questions, marks will be awarded for the correct answer and the correct method used to arrive at the solution.
3. For theory questions, marks will be awarded based on the clarity of the answer, accuracy, and relevance to the question asked.
In conclusion, the accountancy exam for class 12 for commerce students is a crucial step in assessing their understanding of the subject. By understanding the exam pattern and marking scheme, students can prepare themselves effectively and score well in the exam.
If you are a student of commerce in class 12, then you must be aware of the importance of accountancy in your curriculum. Accountancy is a subject that requires strong conceptual clarity and in-depth knowledge of various accounting principles. To assess your understanding of the subject, your school or board will conduct an exam that follows a specific pattern. In this article, we will discuss the exam pattern for accountancy class 12 for commerce students.
Exam Duration
The duration of the accountancy exam for class 12 is usually three hours. During this time, you will have to answer the questions that are asked in the paper. It is essential to manage your time effectively to attempt all questions within the given time.
Types of Questions
The accountancy exam for class 12 usually consists of two types of questions:
1. Theory Questions: These questions are based on the concepts and principles of accounting. You will be asked to write descriptive answers to these questions.
2. Numerical Questions: These questions are based on the application of accounting principles and require you to solve numerical problems.
Question Paper Pattern
The question paper for the accountancy exam for class 12 is usually divided into two sections:
1. Section A: This section consists of 20 marks and contains theory-based questions.
2. Section B: This section consists of 60 marks and contains numerical-based questions.
Within section B, there will be sub-sections that will have different weightage.
You will have to attempt all questions in the given order, and there will be no choice provided.
Marking Scheme
The marking scheme for the accountancy exam for class 12 is as follows:
1. Each question will have different weightage, which will be mentioned in the question paper.
2. For numerical questions, marks will be awarded for the correct answer and the correct method used to arrive at the solution.
3. For theory questions, marks will be awarded based on the clarity of the answer, accuracy, and relevance to the question asked.
In conclusion, the accountancy exam for class 12 for commerce students is a crucial step in assessing their understanding of the subject. By understanding the exam pattern and marking scheme, students can prepare themselves effectively and score well in the exam.
Accountancy Class 12 Syllabus 2023-2024 PDF Download
Commerce Accountancy Class 12 Syllabus
Part I: Accounting for Not-for-Profit Organizations and Partnerships
- Commerce Accounting for Not-for-Profit Organizations: This chapter covers the basic concepts of accounting for not-for-profit organizations like clubs, societies, etc. Students will learn about receipts and payments, income and expenditure accounts, and preparation of balance sheets.
- Commerce Accounting for Partnerships : Basic Concepts: This chapter covers the basic concepts of partnership accounting. Students will learn about the relation between partners, profit sharing ratio, and preparation of final accounts.
- Commerce Reconstitution of a Partnership Firm : Admission of a Partner: This chapter covers the admission of a new partner in a partnership firm. Students will learn about the calculation of new profit sharing ratio, revaluation of assets and liabilities, and preparation of balance sheet.
- Commerce Reconstitution of a Partnership Firm : Retirement/Death of a Partner: This chapter covers the retirement or death of a partner in a partnership firm. Students will learn about the calculation of new profit sharing ratio, treatment of goodwill, and preparation of revaluation account and balance sheet.
- Commerce Dissolution of a Partnership Firm: This chapter covers the dissolution of a partnership firm. Students will learn about the various modes of dissolution, settlement of accounts, and preparation of realization account and balance sheet.
Part II: Accounting for Share Capital, Debentures, and Financial Statements of a Company
- Commerce Accounting for Share Capital: This chapter covers the different types of share capital, issue of shares, forfeiture and reissue of forfeited shares, and accounting treatment for the issue of shares at a premium or discount.
- Commerce Issue and Redemption of Debentures: This chapter covers the issue and redemption of debentures. Students will learn about the different types of debentures, issue of debentures at par, premium, or discount, and redemption of debentures.
- Commerce Financial Statements of a Company: This chapter covers the preparation of financial statements of a company. Students will learn about the balance sheet, profit and loss account, and cash flow statement.
- Commerce Analysis of Financial Statements: This chapter covers the analysis of financial statements. Students will learn about the tools and techniques used for analyzing financial statements like comparative statements, common size statements, and ratio analysis.
- Commerce Accounting Ratios: This chapter covers the different types of accounting ratios used for analyzing the financial performance of a company. Students will learn about liquidity ratios, solvency ratios, and profitability ratios.
- Commerce Cash Flow Statements: This chapter covers the preparation of cash flow statements. Students will learn about the different methods of preparing cash flow statements, i.e. direct and indirect methods.
Part III: Practice Questions and Additional Resources
- Commerce Chapter Wise Important Question: This section provides important questions chapter-wise to help students prepare for exams.
- Commerce CBSE New Pattern: Term I Practice Questions: This section provides practice questions based on the new CBSE pattern for Term I exams.
- Commerce CBSE New Pattern: Term II Practice Questions: This section provides practice questions based on the new CBSE pattern for Term II exams.
- Commerce CBSE Toppers Answer Sheet: Accountancy: This section provides answer sheets of CBSE toppers to help students understand the format and presentation of answers.
- Commerce Chapter Notes: This section provides chapter-wise notes to help students revise important concepts.
- Commerce NCERT Textbook and NCERT Solutions: This section provides the NCERT textbook and solutions for students to practice and understand important concepts.
- Commerce Official Sample Papers: This section provides official sample papers released by CBSE to help students practice for exams.
- Commerce Previous Year Questions (PYQs): This section provides previous year questions (PYQs) to help students understand the exam pattern and difficulty level of questions.
This course is helpful for the following exams: Commerce
How to Prepare Accountancy Class 12 for Commerce?
Preparing for Accountancy Class 12 in Commerce can be daunting, but with the right approach and resources, it can be a smooth and successful journey. Here are some tips to help you prepare for your Accountancy Class 12 in Commerce course offered by EduRev:
1. Understanding the Syllabus: The first step towards preparing for Accountancy Class 12 in Commerce is to go through the syllabus. Get familiar with the topics, chapters, and sub-topics that you need to study. This will help you plan your study schedule and prioritize your topics accordingly.
2. Study Material: Once you have understood the syllabus, the next step is to gather the study material. EduRev provides quality study material for Accountancy Class 12 in Commerce, including textbooks, notes, and practice papers. Make sure you have all the necessary resources before you start studying.
3. Time Management: Time management is crucial when it comes to preparing for Accountancy Class 12 in Commerce. Divide your study hours according to the syllabus and allocate more time to the topics that you find difficult. Set achievable study goals for yourself and stick to them.
4. Practice: Practice is the key to success in Accountancy Class 12 in Commerce. EduRev offers a range of practice papers and mock exams, which you can use to test your understanding of the concepts. Regular practice will help you identify your strengths and weaknesses and work on them accordingly.
5. Revision: Revision is essential for retaining what you have learned. Make sure you revise your topics regularly and thoroughly. EduRev provides revision notes and quizzes, which can help you in your revision process.
6. Seek Help: If you find any topic challenging, do not hesitate to seek help from your teachers or peers. You can also use EduRev's doubt-solving feature, where you can ask your doubts and get them resolved by experts.
In conclusion, preparing for Accountancy Class 12 in Commerce requires dedication, hard work, and the right resources. By following these tips and using EduRev's study material and resources, you can ace your Accountancy Class 12 in Commerce course.
1. Understanding the Syllabus: The first step towards preparing for Accountancy Class 12 in Commerce is to go through the syllabus. Get familiar with the topics, chapters, and sub-topics that you need to study. This will help you plan your study schedule and prioritize your topics accordingly.
2. Study Material: Once you have understood the syllabus, the next step is to gather the study material. EduRev provides quality study material for Accountancy Class 12 in Commerce, including textbooks, notes, and practice papers. Make sure you have all the necessary resources before you start studying.
3. Time Management: Time management is crucial when it comes to preparing for Accountancy Class 12 in Commerce. Divide your study hours according to the syllabus and allocate more time to the topics that you find difficult. Set achievable study goals for yourself and stick to them.
4. Practice: Practice is the key to success in Accountancy Class 12 in Commerce. EduRev offers a range of practice papers and mock exams, which you can use to test your understanding of the concepts. Regular practice will help you identify your strengths and weaknesses and work on them accordingly.
5. Revision: Revision is essential for retaining what you have learned. Make sure you revise your topics regularly and thoroughly. EduRev provides revision notes and quizzes, which can help you in your revision process.
6. Seek Help: If you find any topic challenging, do not hesitate to seek help from your teachers or peers. You can also use EduRev's doubt-solving feature, where you can ask your doubts and get them resolved by experts.
In conclusion, preparing for Accountancy Class 12 in Commerce requires dedication, hard work, and the right resources. By following these tips and using EduRev's study material and resources, you can ace your Accountancy Class 12 in Commerce course.
Attention Commerce Students!
To make sure you are not studying endlessly,
EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans
to achieve a great score in Commerce.
Start learning for FREE
Importance of Accountancy Class 12 for Commerce
Importance of Accountancy Class 12 Course for Commerce
Introduction: Accountancy is a crucial component in commerce education and has gained immense significance over the years. The study of Accountancy Class 12 Course equips students with the necessary skills and knowledge to become successful professionals in the field of finance and accounting.
Key Point 1: In today's fast-paced business world, the importance of accounting cannot be ignored. It is a critical function that helps in keeping track of financial transactions and maintaining accurate records. A thorough understanding of accountancy is essential for anyone who wishes to pursue a career in finance.
Key Point 2: The Accountancy Class 12 Course is designed to provide students with a comprehensive understanding of accounting principles and practices. It covers topics such as bookkeeping, financial statements, inventory management, and taxation. These concepts are crucial for students who aspire to become accountants, auditors, or financial analysts.
Key Point 3: The course also helps students develop practical skills that are essential in the professional world. It provides hands-on experience in using accounting software, analyzing financial data, and preparing financial reports. These skills are highly valued by employers and can give students an edge in the job market.
Key Point 4: Apart from providing a foundation for a career in finance, the Accountancy Class 12 Course also helps students in their personal lives. It teaches them how to manage their own finances, prepare budgets, and make informed financial decisions. These skills are crucial for anyone who wishes to lead a financially stable life.
Conclusion: In conclusion, the Accountancy Class 12 Course is a crucial component of commerce education. It provides students with a thorough understanding of accounting principles and practices, helps them develop practical skills, and prepares them for a career in finance. Additionally, it also equips them with skills that are essential for managing their own finances and making informed financial decisions.
Accountancy Class 12 for Commerce FAQs
| 1. What is Accountancy Class 12? |  |
Ans. Accountancy Class 12 is a subject taught in the Commerce stream for students who have opted for Commerce in their 10+2 studies. It is mainly concerned with the recording, analyzing, and reporting of financial transactions of businesses and organizations.
| 2. What are the topics covered in Accountancy Class 12? | |
Ans. Accountancy Class 12 covers topics such as Partnership Accounting, Company Accounting, Analysis of Financial Statements, Accounting for Share Capital, Accounting for Debentures, and Cash Flow Statement. These topics are essential for students who want to pursue a career in finance or accounting.
| 3. How can I prepare for Accountancy Class 12 exams? | |
Ans. To prepare for Accountancy Class 12 exams, students should start by thoroughly understanding the concepts and topics covered in the syllabus. They should also practice solving previous years' question papers and sample papers to get familiar with the exam pattern and question types. Additionally, students can join coaching classes or online courses to get additional guidance and support.
| 4. What are the career options after studying Accountancy Class 12? | |
Ans. After studying Accountancy Class 12, students can pursue various career options such as Chartered Accountancy, Cost Accountancy, Company Secretaryship, Finance Management, and Banking. These fields offer lucrative job opportunities and a stable career path for those who have a strong foundation in accountancy and finance.
| 5. What is the importance of studying Accountancy Class 12? | |
Ans. Studying Accountancy Class 12 is essential as it provides students with a strong foundation in financial accounting and management. This knowledge is crucial for those who want to pursue a career in finance or accounting. Additionally, it helps students in understanding the financial statements of businesses and organizations, which is essential for making informed decisions in the business world.
Attention Commerce Students!
To make sure you are not studying endlessly,
EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans
to achieve a great score in Commerce.
Start learning for FREE
Best Coaching for Accountancy Class 12 for Commerce
When it comes to finding the best coaching for Accountancy Class 12 for Commerce students, EduRev is the go-to platform. EduRev offers free online coaching for Accountancy Class 12, along with a plethora of online study materials such as PDFs, summaries, and important chapters. The platform ensures that students have access to all the resources they need to excel in their Accountancy for Commerce subject. The CBSE Accountancy Class 12 syllabus is covered in detail, and students can download the Accountancy book Class 12 and Class 12 Accountancy notes to supplement their learning.
EduRev also provides Accountancy project Class 12 ideas and guidance to help students score higher marks and understand the subject better. To prepare for the Accountancy Class 12 board exam, the platform offers Accountancy Class 12 important questions and marks distribution.
The best part about EduRev is that it is an online education platform, which means students can access the coaching and study materials from anywhere and at any time. The platform also offers interactive quizzes and tests to help students evaluate their understanding of the subject.
In conclusion, EduRev is the best coaching platform for Accountancy Class 12 for Commerce students. With its free online coaching and extensive study materials, students have everything they need to excel in the subject and score well in the Accountancy Class 12 board exam. Give EduRev a try and see the difference it can make in your learning journey.
EduRev also provides Accountancy project Class 12 ideas and guidance to help students score higher marks and understand the subject better. To prepare for the Accountancy Class 12 board exam, the platform offers Accountancy Class 12 important questions and marks distribution.
The best part about EduRev is that it is an online education platform, which means students can access the coaching and study materials from anywhere and at any time. The platform also offers interactive quizzes and tests to help students evaluate their understanding of the subject.
In conclusion, EduRev is the best coaching platform for Accountancy Class 12 for Commerce students. With its free online coaching and extensive study materials, students have everything they need to excel in the subject and score well in the Accountancy Class 12 board exam. Give EduRev a try and see the difference it can make in your learning journey.
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Attention Commerce Students!
To make sure you are not studying endlessly,
EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans
to achieve a great score in Commerce.
Start learning for FREE
Best Accountancy Class 12 for Commerce NCERT Solutions and Study Materials
Looking for the best Accountancy Class 12 for Commerce NCERT study materials and Accountancy 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 Accountancy Class 12 for Commerce NCERT Book Solutions are designed to
help students understand the concepts and improve their grasp on the subject. We provide step-by-step solutions to
all the questions in the Accountancy 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 Accountancy 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 Accountancy 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
Accountancy Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum for Commerce 2023-2024 is part of Commerce preparation. The notes and questions for Accountancy Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum have been prepared
according to the Commerce exam syllabus. Information about Accountancy Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum covers all important topics for Commerce 2023-2024 Exam.
Find important definitions, questions, notes,examples, exercises test series, mock tests and Previous year questions (PYQs) below for
Accountancy Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum.
Preparation for Accountancy Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum in English is available as part of our Commerce preparation & Accountancy Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum in Hindi for Commerce courses.
Download more important topics related with Accountancy Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum, notes, lectures and mock test series for Commerce Exam by signing up for free.
Course Speciality
This course of "Accountancy for Class 12 (XII)" covers CBSE and NCERT curriculum, which has been divided as per the school syllabus so that a student can prepare through important Chapter Notes, NCERT Textbook and NCERT Solutions (Question & Answer).
Full Syllabus, Lectures & Tests to study Accountancy Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum - Commerce | Best Strategy to prepare for Accountancy Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum | Free Course for Commerce Exam
About this Course
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50 Videos, 90 Docs & 60 Tests |
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Nipun Tuteja |
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Accounting Treatment , NCERT solution - Chapter 5: Dissolution of Partnership (Part - 3) , Important Questions - Partnership Fundamentals (Accounting for Partnership Firms and Companies) , Problems Based on Fundamentals - Accounting for Partnership Firms: Fundamentals , New Profit Sharing and Sacrificing Ratio (Part B) , NCERT Textbook - Dissolution of a Partnership Firm , NCERT Solution - Accounting for Partnership: Basic Concepts , NCERT Textbook - Accounting for Not for Profit Organizations , Question and Solution of Issue of Debenture (Part - 3) , Why are Debentures Issued? , Ascertaining the Amount Due to Retiring/Deceased Partner , Redemption of Debenture (Draw of Lots Method) , NCERT Textbook - Issue and Redemption of Debentures , Gaining Ratio , Important Questions - Issue of Debentures (Accounting for Partnership Firms and Companies)
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Course Speciality
This course of "Accountancy for Class 12 (XII)" covers CBSE and NCERT curriculum, which has been divided as per the school syllabus so that a student can prepare through important Chapter Notes, NCERT Textbook and NCERT Solutions (Question & Answer).
Course Description by EduRev Robots
Full Syllabus, Lectures & Tests to study Accountancy Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum - Commerce | Best Strategy to prepare for Accountancy Class 12 | Docs, Videos, Tests, CBSE, NCERT Curriculum | Free Course for Commerce Exam
Additional Information about Accountancy Class 12 for Commerce Preparation
Accountancy Class 12 Commerce Books
Accountancy Class 12 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 Accountancy Class 12 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 Accountancy Class 12 Commerce Books, you'll have the best study material at your fingertips, ensuring your success in the Commerce Exam.
Accountancy Class 12 Notes PDF Download
Access the comprehensive Accountancy Class 12 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 Accountancy Class 12 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.
Accountancy Class 12 Previous Year Papers
Accountancy Class 12 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 Accountancy Class 12 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 Accountancy Class 12 Commerce.
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