xii accounts sampel paper

Topics: Financial ratio, Financial statements, Balance sheet Pages: 35 (1084 words) Published: September 22, 2014
SYLLABUS

Annexure ‘ J ’

ACCOUNTANCY (055)
CLASS XII (2012-13)
One Paper
Unit
Part A :
1.
2.
3.
4.

3 Hours

80 Marks
Periods

Accounting for Partnership Firms and Companies
Accounting for Partnership Firms - Fundamentals
Accounting for Partnership Firms - Reconstitution and Dissolution Accounting for Share Capital
Accounting for Debentures

Marks
10
25
18
7
60

24
20
42

12
8
20

86

40

12
24
12
12
26

4
6
4
6
20

86

Part B: Financial Statement Analysis
5.
Analysis of Financial Statements
6.
Cash Flow Statement
7.
Project Work
Unit 1 : Project File
Unit 2 : Written Test
Unit 3 : Viva Voce'

20
52
38
14
124

40

4 marks
12 marks (one hour)
4 marks

OR
Part C: Computerized Accounting
5.
Overview of Computerized Accounting System
6.
Accounting Applications of Electronic Spread sheet
7.
Using Computerized Accounting System
8.
Data Base Management System
9.
Practical Work
Unit 1 : File
4 marks
Unit 2 : Practical Examination
12 marks (one hour)
Unit 3 : Viva Voce'
4 marks

Note: The Question Paper will include Value based question/questions to the extent of 4-5 Marks.

184

CLASS XII
PART A: Accounting for Partnership Firms and Companies
Unit 1.

Accounting for Partnership firms - Fundamentals



Partnership : features, Partnership deed.



Provisions of the Indian Partnership Act 1932 in the absence of partnership deed.



Fixed v/s fluctuating capital accounts, division of profit among partners, guarantee of profits, past adjustments (relating to interest on capital, interest on drawing, salary and profit sharing ratio), preparation of P&L Appropriation account.



Goodwill: nature, factors affecting and methods of valuation - average profit, super profit, and capitalization

Unit 2. Accounting for Partnership firms - Reconstitution and Dissolution •

Change in the Profit Sharing Ratio among the existing partners - sacrificing ratio, gaining ratio. Accounting for revaluation of assets and re-assessment of liabilities and distribution of reserves and accumulated profits.



Admission of a partner - effect of admission of a partner on change in the profit sharing ratio, treatment of goodwill (as per AS 26), treatment for revaluation of assets and re assessment 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, treatment for revaluation of assets and re assessment of liabilities, adjustment of accumulated profits and reserves. calculation of deceased partner's share of profit till the date of death. Preparation of deceased partner's capital account, executor's account and preparation of balance sheet



Dissolution of partnership firms: types of dissolution of firm. Settlement of accounts preparation of realization account, and other related accounts (excluding piecemeal distribution, sale to a company and insolvency of partner's firm) .

Unit 3. Accounting for share Capital


Share and share capital : nature and types



Accounting for share capital: issue and allotment of equity shares, private placement of shares, Public subscription of shares - over subscription and under subscription of shares; Issue at par and at premium and at discount, calls in advance and arrears, issue of shares for consideration other than cash.



Accounting treatment of forfeiture and re-issue of shares.



Disclosure of share capital in company's Balance Sheet only.

185

Unit 4. Accounting for Debentures


Debentures: Issue of debentures at par, `at premium and at discount. Issue of debentures for consideration other than cash, debentures as collateral security, interest on debentures



Redemption of debentures : Lump sum, draw of lots and conversion....
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