12th Accounts CBSE

12th Accounts is an important subjects in Commerce stream which covers the basic knowledge in Accounting, Financial Statements, Accounting process and computers in accounting. Class 11th Accountancy CBSE NCERT Syllabus provides a broad degree of concepts and introduction to the topic.

How 12th Accounts CBSE Tuitions are taken by us?

At Stride Edutech we understand that effective learning is incredibly important, so we have a complete and comprehensive learning package for CBSE Class 12 Accounts students which may also help them to achieve good marks within the examination.
Our teaching method is doing chart work and making the students understand the concept easily. We conduct Monthly test or chapter wise test for the students and discuss the answer sheet with the students so that the students have a chance to troubleshoot themself can understand the mistakes committed by them

12th Account CBSE tuition are conducted through online class and Face to Face Class (offline class).

12th Accounts CBSE Marks weightage

Part A : Accounting for Not-for-Profit Organisations, Partnership Firms and Companies
Financial Statements of Not-for-Profit Organizations
Accounting for Partnership Firms
Accounting for Companies
Part B : Financial Statement Analysis
Analysis of Financial Statements
Cash Flow Statement
Part C: Project Work
Project Work
Part B: Computerized Accounting
Computerized Accounting
Part C: Practical Work
Practical Work

12th Accounts CBSE Tuition Fees

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CA Foundation Question Papers

Download the CA Foundation question papers by clicking the link

Question Paper
Video Solutions
Principles and Practice of Accounting
MTP1 - Free
MTP2, MTP3, MTP4, MTP5 - Buy
Business Law & Business Correspondence and Reporting
MTP1 - Free
MTP2, MTP3, MTP4, MTP5 - Buy
Business Mathematics and Logical Reasoning & Statistics
MTP1 - Free
MTP2, MTP3, MTP4, MTP5 - Buy
Business Economics & Business and Commercial Knowledge
MTP1 - Free
MTP2, MTP3, MTP4, MTP5 - Buy

12th Accounts CBSE Syllabus

Part A: Accounting for Not-for-Profit Organisations, Partnership Firms and Companies
Unit 1: Financial Statements of Not-for-Profit Organisations

  • Not-for-profit organizations: concept.
  • Receipts and Payments Account: features and preparation.
  • Income and Expenditure Account: features, preparation of income and expenditure account and balance sheet from the given receipts and payments account with additional information

Unit 2: Accounting for Partnership Firms

  • Partnership: features, Partnership Deed.
  • Provisions of the Indian Partnership Act 1932in the absence of partnership deed.
  • Fixed v/s fluctuating capital accounts.Preparation of Profit and Loss Appropriation account- division of profit among partners, guarantee of profits.
  • Past adjustments (relating to interest on capital, interest on drawing, salary and profit sharing ratio).
  • Goodwill: nature, factors affecting and methods of valuation - average profit, super profit and capitalisation.

Note: Interest on partner’s loan is to be treated as a charge against profits. Goodwill to be adjusted through partners capital/ current account or by raising and writing off goodwill (AS 26)

  • Change in the Profit Sharing Ratio among the existing partners - sacrificing ratio, gaining ratio, accounting for revaluation of assets and reassessment of liabilities and treatment of reserves and accumulated profits. Preparation of revaluation account and balance sheet
  • Admission of a partner – effect of admission of a partner on change in the profit sharing ratio, treatment o goodwill (as per AS 26), treatment for revaluation of assets and reassessment of liabilities, treatment of reserves and accumulated profits, adjustment of capital accounts and preparation of balance sheet.
  • Retirement and death of a partner: effect of retirement / death of a partner on change in profit sharing ratio, treatment of goodwill (as per AS 26), treatment for revaluation of assets and reassessment of liabilities, adjustment of accumulated profits and reserves, adjustment of capital accounts and preparation of balance sheet. Preparation of loan account of the retiring partner.
  • Calculation of deceased partner’s share of profit till the date of death. Preparation of deceased partner’s capital account and his executor’s account.
  • Dissolution of a partnership firm: meaning of dissolution of partnership and partnership firm, types of dissolution of a firm. Settlement of accounts – preparation of realization account, and other related accounts: capital accounts of partners and cash/bank a/c (excluding piecemeal distribution, sale to a company and insolvency of partner(s)).

(i) The realized value of each asset must be given at the time of dissolution.
(ii) In case, the realization expenses are borne by a partner, clear indication should be given regarding the payment thereof.

Unit-3 Accounting for Companies

Accounting for Share Capital

  • Share and share capital: nature and types.
  • Accounting for share capital: issue and allotment of equity and preferences shares.Public subscription of shares - oversubscription and under subscription of shares; issue at par and at premium, calls in advance and arrears (excluding interest),issue of shares for consideration other than cash.
  • Concept of Private Placement and EmployeeStock Option Plan (ESOP).
  • Accounting treatment of forfeiture and reissue of shares.
  • Disclosure of share capital in the BalanceSheet of a company.

Accounting for Debentures

  • Debentures: Issue of debentures at par, at a premium and at a discount. Issue of debentures for consideration other than cash;Issue of debentures with terms of redemption; debentures as collateral security concept, interest on debentures. Writing off discount / loss on issue of debentures.

Note: Discount or loss on issue of debentures to be written off in the year debentures are allotted fromSecurity Premium Reserve (if it exists) and then fromStatement of Profit and Loss as Financial Cost (AS16).

  • Redemption of debentures-Methods: Lump sum, draw of lots.
  • Creation of Debenture Redemption Reserve

Note: Related sections of the Companies Act, 2013will apply.

Part B: Financial Statement Analysis
Unit 4: Analysis of Financial Statements

Financial statements of a Company:
Statement of Profit and Loss and Balance Sheet in prescribed form with major headings and subheadings (as per Schedule III to the Companies Act, 2013)

Note: Exceptional items, extraordinary items and profit (loss) from discontinued operations are excluded.

  • Financial Statement Analysis: Objectives, importance and limitations.
  • Tools for Financial Statement Analysis: Comparative statements, common size statements, cash flow analysis, ratio analysis.
  • Accounting Ratios: Meaning, Objectives, classification and computation.
  • Liquidity Ratios: Current ratio and Quick ratio.
  • Solvency Ratios: Debt to Equity Ratio, TotalAsset to Debt Ratio, Proprietary Ratio andInterest Coverage Ratio.
  • Activity Ratios: Inventory Turnover Ratio,Trade Receivables Turnover Ratio, Trade Payables Turnover Ratio and WorkingCapital Turnover Ratio.
  • Profitability Ratios: Gross Profit Ratio,Operating Ratio, Operating Profit Ratio, NetProfit Ratio and Return on Investment.

Note: Net Profit Ratio is to be calculated on the basis of profit before and after tax.

Unit 5: Cash Flow Statement

Meaning, objectives and preparation (as perAS 3 (Revised) (Indirect Method only)

(i) Adjustments relating to depreciation and amortization, profit or loss on sale of assets including investments, dividend (both final and interim) and tax.
(ii) Bank overdraft and cash credit to be treated as short term borrowings.
(iii) Current Investments to be taken as Marketable securities unless otherwise specified.

Part C: Project Work

Note: Kindly refer to the Guidelines published by the CBSE.The comprehensive project may contain simple GST calculations.

Part B: Computerised Accounting
Unit 3: Computerised Accounting

Overview of Computerised Accounting System

  • Introduction: Application in Accounting.
  • Features of Computerised Accounting System.
  • Structure of CAS.
  • Software Packages: Generic; Specific; Tailored.

Accounting Application of Electronic Spreadsheet

  • Concept of electronic spreadsheet.
  • Features offered by electronic spreadsheet.
  • Application in generating accounting information - bank reconciliation statement; asset accounting; loan repayment of loan schedule, ratio analysis
  • Data representation- graphs, charts and diagrams.

Using Computerized Accounting System

  • Steps in installation of CAS, codification and Hierarchy of account heads, creation of accounts.
  • Data: Entry, validation and verification.
  • Adjusting entries, preparation of balance sheet, profit and loss account with closing entries and opening entries.
  • Need and security features of the system.

Database Management System (DBMS)

  • Concept and Features of DBMS.
  • DBMS in Business Application.
  • Generating Accounting Information - Payroll.

Part C: Practical Work

Please refer to the guidelines published by CBSE.

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Frequently Asked Questions / FAQ

What is the CA Foundation?


It is the First level of CA course

What is the process for the CA Foundation Exam?


You can register CA Foundation course through online in icai.org. You will get study materials via post once you register

How to get my SRO number for my CA foundation?


Once you register online your registration number will be created and displayed. Which will start with ”SRO”

How many subjects are there in CA Foundation?


There are a total of 4 subjects in CA Foundation

What are the subjects in CA Foundation?


The 4 subjects in CA Foundation are,
Paper 1 - Principles and Practice of Accounting
Paper 2 - Business Law & Business Correspondence and Reporting
Paper 3 - Business Mathematics and Logical Reasoning & Statistics
Paper 4 - Business Economics & Business and Commercial Knowledge

Paper 3 and Paper 4 are objective type papers with negative marking

What is the difference between CA CPT and CA Foundation?


CA CPT is the old syllabus and CA Foundation is the new syllabus

What is the syllabus for CA Foundation?


The CA Foundation subject and mark details are given above. You can find the latest syllabus in BOS portal in icai.org

What documents are required for CA foundation registration?


The documents required for CA Foundation are,
Student Photo
Student Sign
Address Proof
10th and 12th Marksheet

Is CA Foundation Mandatory?


CA Foundation is mandatory for students who want to study CA after completing 12th. Students who have completed degree can skip CA Foundation and take up CA Inter directly.

How could I order the ICAI CA foundation study material online?


Once you have registered in ICAI, the books will be sent to you through post.

When the exams are conducted for CA?


ICAI conducts the exams in May and November every year. The exams in 2020 might be delayed due to corono virus lockdown.

When is the last date to submit the registration?


For May exams, 31st Dec of the previous year is the last date for registration
For Nov exams, 30th June is the last date for registration.

Does CA Foundation have negative marking?


Yes. Two papers of the 4 papers in CA Foundation are objective type papers and have negative marking. For every wrong answer 0.25 negative marks apply. The two papers are,
- Business Mathematics and Logical Reasoning & Statistics
- Business Economics & Business and Commercial Knowledge

What is the eligibility for CA Foundation?


+2 (State board or CBSE) completion is the eligibility for CA Foundation

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