CBSE Class 12 Accountancy Syllabus 2023 2024

CBSE Class 12 Syllabus 2023 – 24 For Class 12 Accountancy Download Online CBSE Syllabus Class 12 Accountancy Syllabus As per Guidelines.

CBSE पाठ्यक्रम 12th Class Accountancy As Per NCERT

सीबीएसई बोर्ड 12वीं सिलेबस 2023 | CBSE Syllabus 2023 2024 | CBSE Accountancy Syllabus for Class XII | CBSE Class 12 Accountancy Syllabus

CBSE Latest Syllabus for Class 12 Accountancy is important for students to prepare their study time to time. Here we are provided New Edition CBSE Syllabus 2023. Stay tuned with Us for Get All Subjects Solution Biology MCQ, Physics MCQ, Difference between in Physics, Difference between in Biology

Exam Pattern for Year 2023 – 24

  • Competency Focused Questions in the form of MCQs/ Case Based Questions, Source-based Integrated Questions or any other type = 40%
  • Select response type questions(MCQ) = 20%
  • Constructed response questions (Short Answer Questions/ Long Answer type Questions, as per existing pattern) = 40%

In case you have missed:- NCERT Extra Questions for Class 12 Accountancy

CBSE Class 12 Accountancy Syllabus 2023 2024


Accountancy Part – I

  • Chapter 1: Accounting for Partnership : Basic Concepts
  • Chapter 2: Reconstitution of a Partnership Firm – Admission of a Partner
  • Chapter 3: Reconstitution of a Partnership Firm – Retirement/Death of a Partner
  • Chapter 4: Dissolution of Partnership Firm

Accountancy Part – II

  • Chapter 1: Accounting for Share Capital
  • Chapter 2: Issue and Redemption of Debentures
  • Chapter 3: Financial Statements of a Company
  • Chapter 4: Analysis of Financial Statements
  • Chapter 5: Accounting Ratios
  • Chapter 6: Cash Flow Statement
Units Periods Marks
Part A Accounting for Partnership Firms and Companies
Unit 1. Accounting for Partnership Firms 105 36
Unit 2. Accounting for Companies 45 24
Part B Financial Statement Analysis 150 60
Unit 3. Analysis of Financial Statements 30 12
Unit 4. Cash Flow Statement 50 20
20 20
Part C Project Work
Project work will include:
Project File 12 Marks
Viva Voce 8 Marks
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 File 12 Marks (One Hour)    
Viva Voce 8 Marks    

Unit 1: Accounting for Partnership Firms

  • Partnership: features, Partnership Deed.
  • Provisions of the Indian Partnership Act 1932 in 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: meaning, nature, factors affecting and methods of valuation – average profit, super profit and capitalization.

Note: Interest on partner’s loan is to be treated as a charge against profits.

Goodwill: meaning, factors affecting, need for valuation, methods for calculation (average profits, super profits and capitalization) , adjusted through partners capital/ current account or by raising and writing off goodwill (AS 26)

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 reassessment of liabilities and treatment of reserves, accumulated profits and losses. 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 of goodwill (as per AS 26), treatment for revaluation of assets and reassessment of liabilities, treatment ofreserves, accumulated profits and losses, adjustment of capital accounts and preparation of capital, current account and 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, losses and reserves, adjustment of capital accounts and preparation of capital, current account and 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) If the realized value of tangible assets is not given it should be considered as realized at book value itself.

(ii) If the realized value of intangible assets is not given it should be considered as nil (zero value).

(iii) 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

  • Features and types of companies
  • Share and share capital: nature and types.
  • Accounting for share capital: issue and allotment of equity and preferences shares. Public subscription of shares – over subscription 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 Employee Stock Option Plan (ESOP), Sweat Equity.
  • Accounting treatment of forfeiture and reissue of shares.
  • Disclosure of share capital in the Balance Sheet of a company.

Accounting for Debentures

  • Debentures: Meaning, types, 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 from Security Premium Reserve (if it exists) and then from Statement of Profit and Loss as Financial Cost (AS 16)

Unit 4: Analysis of Financial Statements

Financial statements of a Company:

Meaning, Nature, Uses and importance of financial Statement.Statement of Profit and Loss and Balance Sheet in prescribed form with major headings and sub headings (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: Meaning, Significance Objectives, importance and limitations.
  • Tools for Financial Statement Analysis: Cash flow analysis, ratio analysis.
  • Accounting Ratios: Meaning, Objectives, Advantages, classification and computation.
  • Liquidity Ratios: Current ratio and Quick ratio.
  • Solvency Ratios: Debt to Equity Ratio, Total Asset to Debt Ratio, Proprietary Ratio and Interest Coverage Ratio. Debt to Capital Employed Ratio.
  • Activity Ratios: Inventory Turnover Ratio, Trade Receivables Turnover Ratio, Trade Payables Turnover Ratio, Fixed Asset Turnover Ratio, Net Asset Turnover Ratio and Working Capital Turnover Ratio.
  • Profitability Ratios: Gross Profit Ratio, Operating Ratio, Operating Profit Ratio, Net Profit Ratio and Return on Investment

Unit 5: Cash Flow Statement

  • Meaning, objectives Benefits, Cash and Cash Equivalents, Classification of Activities and preparation (as per AS 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.

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