Class 12 Accountancy enhances the fundamental basis of accounting terms which will help in future career options for students. The vast syllabus of class 12 Accountancy involves Admission, to Death of partner in the partnership firm and Shares and Debentures. The nature and purpose behind teaching accountancy in CBSE are to make students efficient to conduct the business smoothly. Moreover, with a proper understanding of the accountancy subject, students can easily compete for hard professions like Chartered Accountant or CF.
CA Wizard has a complete online guide for students willing to score higher marks in CBSE class 12 commerce exams and then competing in CA exams. They indeed have all the reading material for Chartered Accountants from registering for the CPT exam and completing CA final exam.
In addition, Ca wizard also provides a guide for class 12th accounts exam that students can avail from one platform.
At CA Wizard, senior secondary students can have the updated Accountancy Syllabus, books prescribed by CBSE and NCERT solutions. Again, you can also look into sample papers and previous years’ question papers to perform better at the class 12 examination.
The CBSE every year makes some changes in the curriculum which is immediately at CA Wizard.
Let us look into the revision study material for accounts class 12th exam one by one.
Class 12 Accountancy Curriculum
Not to mention, accountancy is an important subject for commerce students, hence students should not only focus on scoring marks but also learn the theories and concepts, too. Moreover, the entire curriculum is divided into two books which involve topics like Accounting for Not-for-Profit Organizations, Partnership Firms and Companies, and Financial Statement Analysis.
| Board | Central Board of Secondary Education (CBSE) |
|---|---|
| Year of establishment | 1962 |
| Syllabus year | 2023-24 |
| Class | 12 |
| Subject | Accountancy |
Class 12 Accountancy Syllabus 2023-24
CA Wizard brings to you the new CBSE Class 12 Accountancy Syllabus in this article. The marks’ weightage and important topics list are also available here. We also have some essential tips for you in the article. You can also download the PDF versions from the links provided. In addition, you can also find the marking scheme and marks distribution in the article below. Ultimately, by the end of the blog, you will realize the importance of accountancy in professional life.
Download CBSE Class 12 Accountancy Syllabus 2023-24 in PDF Format
Accountancy (Code No. 055) Class-XII (2023-24)
For Theory: 80 Marks
Duration: 3 Hours
Project: 20 Marks
| Units | Periods | Marks | |
|---|---|---|---|
| Part A | Accounting for Not-for-Profit Organizations, Partnership Firms, and Companies | ||
| Unit 1. Financial Statements of Not-for-Profit Organizations | 25 | 10 | |
| Unit 2. Accounting for Partnership Firms | 65 | 30 | |
| Unit 3. Accounting for Companies | 25 | 20 | |
| 115 | 60 | ||
| Part B | Financial Statement Analysis | ||
| Unit 4. Analysis of Financial Statements | 30 | 12 | |
| Unit 5. Cash Flow Statement | 20 | 8 | |
| 50 | 20 | ||
| Part c | Practical Work | 10 | 20 |
| Project work will include Project File | 4 Marks Written Test | 12 Marks (One Hour) Viva Voce | 4 Marks |
|||
| OR | |||
| Part B | Computerized Accounting | ||
| Unit 4. Computerized Accounting | 50 | 20 | |
| Part C | Practical Work | 20 | 20 |
| Practical work will include: Practical File 4 Marks Practical Examination 12 Marks (One Hour) Viva Voce 4 Marks |
Class 12 Accountancy Question Paper Design 2023-24
Understanding the question paper design is very important to excel in the 12th Board Exam. CBSE changes its pattern every year, hence it is important to understand the changes associated with the subject. Moreover, the 12th Accountancy question paper design can also help students in the preparation for board exams. The question paper design tells us about the type of questions and the weightage of each chapter, in essence. At the same time, CBSE also provides chapter wise weightage, which tells the individual importance of each chapter explicitly.
CBSE Class 12th Accountancy Marking Scheme 2024
Accountancy develops professional skill to run a business smoothly. So it is better if the students’ grab knowledge of accountancy from the very beginning in order to claim success in their endeavors. Moreover, accountancy is the basis for every commerce stream competition exam;Hence, following marking scheme of CBSE 12th Accountancy will help you prepare for the CBSE 12th board exams.
CBSE 12th Accountancy Commerce Marking Scheme 2023-24 in PDF Format
CBSE Class 12th Accounts Marks distribution 2024
CA Wizard provides the class 12 Accounts Marking scheme so that students can easily divide their study hours accordingly. Moreover, it is also one way through which students can score more by giving fewer hours to studies, as you will study only the topics which have more weightage in exams.
Apparently, this is not a feasible manner to study if you desire to make a future in Commerce or Finance. You should take every topic and lecture seriously with utmost concentration.
| Units | Unit Name | Marks |
|---|---|---|
| Part A | Accounting for Not-for-Profit Organizations, Partnership Firms, and Companies | |
| Unit 1. Financial Statements of Not-for-Profit Organizations | 10 | |
| Unit 2. Accounting for Partnership Firms | 30 | |
| Unit 3. Accounting for Companies | 20 | |
| 60 | ||
| Part B | Financial Statement Analysis | |
| Unit 4. Analysis of Financial Statements | 12 | |
| Unit 5. Cash Flow Statement | 8 | |
| 20 | ||
| Part c | Practical Work | 20 |
| Project work will include Project File | 4 Marks Written Test | 12 Marks (One Hour) Viva Voce | 4 Marks |
||
| OR | ||
| Part B | Computerized Accounting | |
| Unit 4. Computerized Accounting | 20 | |
| Part C | Practical Work | 20 |
| Practical work will include: Practical File 4 Marks Practical Examination 12 Marks (One Hour) Viva Voce 4 Marks |
CBSE Class 12 Accounts Book 2023-24
Looking for a Free CBSE 12th Accountancy book? You are in the right place. CA Wizard provides the CBSE class 12 books free of cost in pdf format. Furthermore, the books can be downloaded and used around the year. CBSE prescribes NCERT books for the class 12th curriculum, as they themselves govern NCERT publications.
Download CBSE class 12 Accountancy Commerce Book
NCERT Class 12 Accountancy Solutions PDF Download: Chapter-Wise
CA wizard provides the NCERT class 12th accountancy solutions, helping students with proper format of solving the questions and write precise answers in the upcoming accountancy exam. From this article, students can download the NCERT solutions for 12th accountancy pdf of all the chapters.
| Chapters | Download |
|---|---|
| NCERT Class 12 Accountancy Solutions (Part 1- Partnership Accounts) | |
| NCERT solutions for class 12 accountancy chapter 1- accounting for partnership: basic concepts | Click Here |
| NCERT solutions for class 12 accountancy chapter 2- accounting for nonprofit organization | Click Here |
| NCERT solutions for class 12 accountancy chapter 3- reconstitution of a partnership firm- admission of a partner | Click Here |
| NCERT solutions for class 12 accountancy chapter 4- reconstitution of a partnership firm- retirement/death of a partner | Click Here |
| NCERT solutions for class 12 accountancy chapter 5- the dissolution of a partnership firm | Click Here |
| NCERT Class 12 Accountancy Solutions (Part 2- Company Accounts and Analysis of Financial Statements) | |
| NCERT solutions for class 12 accountancy chapter 1- accounting for share capital to download | Click Here |
| Solutions for class 12 accountancy chapter 2- issues and redemption of debentures | Click Here |
| NCERT solutions for class 12 accountancy chapter 3- financial statements of a statement | Click Here |
| Solutions for class 12 accountancy chapter 4- analysis of financial statements | Click Here |
| Solutions for class 12 accountancy chapter 5- accounting ratios | Click Here |
| NCERT solutions for class 12 accountancy chapter 6- cash flow statements | Click Here |
Class 12 Accountancy Project
From session 2023-24 onwards, there would be only ONE project (specific) to be prepared.
You can refer to the CBSE guidelines for more information on Part B’s project and Part C’s practical work.
CBSE Guidelines Practical Work Accountancy
Class 12 Accountancy Sample Paper 2023-24
The CBSE releases its class 12 sample paper around the month of December, during the time of pre boards. Moreover, these sample papers are treasures for the students. Even though the students might not have completed their syllabus yet, it gives students an upper hand by knowing the important chapters and paper patterns. Consequently, it also helps in judging the preparation so far and study accordingly. Hence, download the CBSE class 12 Sample papers from CA Wizard and perform better in exams.
Class 12 Accountancy Previous Year Question Papers
CA Wizard is providing here the last few years of class 12 previous year question papers. By solving these question papers, students will also get an idea of the paper pattern, the number of questions asked from each chapter, and the marking scheme as well.
Download CBSE Class 12 Previous year Question Papers
Class 12 Accountancy Preparation Tips
- CBSE designs the accountancy exam paper at a moderate difficulty level. Hence, you should refer to the marking weightage given above in the article accordingly. Furthermore, know which topics are important for your exam preparation. Unit two, as well as three of part A, are very important as they make up for half of the marks in the accountancy exam.
- Moreover, to complete the accountancy syllabus before the exam, you should make a proper timeline for your studies.
- Likewise, the accountancy project and practical exam are also undoubtedly very important as it comprises 20 marks out of the total marks. You should definitely give some time to this practical work so that you can secure 20 marks in your exam. These 20 marks are easy to score for you and a chance to improve your grades.
- Similarly, the sample papers and marking scheme given by CBSE for the upcoming session are also important for you. Do not forget to solve the sample papers and check your answers with CBSE’s marking scheme. For more practice, solve previous year’s question papers.
- Most importantly, keep doing regular revisions. You can make brief notes for formulas and concepts of certain chapters and units or the whole syllabus for quick revision.
Conclusion
As has been noted, accountancy is an essential subject for commerce students. The subject ideally empowers students in conducting business operations related to finance and accounting. Whereas, CA Wizard is an online guide manifesting an entire journey of a student from choosing commerce in class 11th to completing chartered Accounting.
As can be seen, students require the complete guide of class 12 Accountancy Exam and all the study material to excel in the exam.