Accountancy is one of the main interesting and highest scoring subject of commerce stream. Accountancy allows one to become business-oriented and the business become handy to the businessman. The only requirement for studying commerce is the strong concentration and easy solving mathematical problems. Accountancy Paper includes 3 sections in which Part A consists of 60 marks which will be compulsory and students can select from any of part B or C consists of 20 marks each. Accountancy paper is of 80 marks which are written and another 20 marks is for practicals.

Following are few sample papers of accountancy of class 12^th :
Accountancy Sample Paper 1
Accountancy Sample Paper 2
Accountancy Sample Paper 3
Accountancy Sample Paper 4

Syllabus of Accountancy:

Part A:
Accounting for Not-For-Profit Organizations, Partnership
Firms and Companies. (Periods 124)

Unit 1: Accounting for Not-For-profit Organizations (Periods 22)
Not for profit organization: Meaning and examples.
Receipts and payments: Meaning and concept of fund based accounting.

Preparation of Income and Expenditure Account and Balance Sheet from Receipt and
Payment Account with additional information.

Unit 2: Accounting for Partnership firms (Periods 14)
Nature of Partnership firm: Partnership Deed-meaning, importance.
Partners? Capital Accounts: Fixed vs. Fluctuating Capital, Division of Profit among partners,
Profit and Loss Appropriation Account including past adjustments.

Unit 3: Reconstitution of Partnership (Periods 34)
Changes in Profit Sharing Ratio among the existing partners-Sacrificing Ratio and Gaining Ratio.
Accounting for Revaluation of Assets and Liabilities and distribution of reserves and
Accumulated Profits.
Goodwill: Nature, Factors affecting and methods of valuation: Average profit, Super profit
and Capitalization methods.
Admission of a Partner: Effect of Admission of Partner, Change in Profit Sharing Ratio,
Accounting Treatment for Goodwill (as per AS 10), Revaluation of Assets and Liabilities,
Reserves (accumulated Profits) and Adjustment of Capitals.
Retirement/Death of a Partner: Change in Profit Sharing ratio, accounting treatment of
Goodwill, Revaluation of Assets and Liabilities, Adjustment of accumulated Profits
(Reserves) and capitals.

Unit 4: Accounting for Share Capital and Debenture (Periods 54)
Share Capital: Meaning, Nature and Types.
Accounting for share capital: Issue and Allotment of Equity and Preference Shares;
Private placement of shares, meaning of employee stock option plan, public subscription
of shares : over subscription and under subscription; issue at par, premium and at discount;
calls in advance, calls in arrears, issue of shares for consideration other than cash.
Forfeiture of shares: accounting treatment, re-issue of forfeited shares.
Presentation of Share Capital and Debenture in company’s Balance Sheet.
Issue of debenture-at par and premium; issue of debenture for consideration other than
cash.
Redemption of debentures out of capital; redemption methods: lump sum payment, draw
by lots, purchase in the open market and conversion (excluding cum-interest and exinterest).

Part B: Financial Statement Analysis

Unit 5: Analysis of Financial Statements (Periods 33)
Financial Statements of a Company: preparation of simple balance sheet of a company in
the prescribed form with major headings only.
Financial Statement Analysis: meaning, significance, limitations,
Tools for Financial Statement Analysis: Comparative Statements, Common Size Statements,
Accounting Ratios: meaning and objectives, types of ratios:
Liquidity Ratios: Current Ratio, Liquid Ratio
Solvency Ratios: Debt to Equity, Total Assets to Debt, Proprietary Ratio
Activity Ratios: Inventory Turnover, Debtors Turnover, Payables Turnover,
Working Capital Turnover, Fixed Assets Turnover,
Profitability Ratio: Gross Profit, Operating Ratio, Net Profit Ratio, Return on
Investment, Earning Per Share, Dividend per Share, Price
Earning Ratio

Unit 6: Cash Flow Statement (Periods 33)
Cash Flow Statement: Meaning and objectives, preparation, adjustments related to
depreciation, dividend and tax, sale and purchase of non-current assets (as per revised
standard issued by ICAI)

Unit 7: Project Work in Accounting (Periods 18)
(Please refer to the guidelines published by the CBSE)
OR

Part C: Computerized Accounting (Periods 84)
Unit 5: Overview of Computerized Accounting System (Periods 12)
Concept and types of Computerized Accounting System (CAS)
Features of a Computerized Accounting System
Structure of a Computerized Accounting System

Unit 6: Accounting using Database Management System (DBMS)
(Periods 26)
Concept of DBMS
Objects in DBMS: Tables, Queries, Forms, Reports
Creating data tables for accounting
Using queries, forms and reports for generating accounting information.
Applications of DBMS in generating accounting information such as shareholders?
records, sales reports, customers’ profile, suppliers’ profile, payroll, employees’
profile, petty cash register.

Unit 7: Accounting Applications of Electronic Spreadsheet (Periods 24)
Concept of an Electronic Spreadsheet (ES)
Features offered by Electronic Spreadsheet
Applications of Electronic Spreadsheet in generating accounting information,
preparing depreciation schedule, loan repayment schedule, payroll accounting and
other such applications.

Unit 8: Practical Work in Computerized Accounting (Periods 22)