BSEB 12th Class Syllabus 2024-25: Download Arts, Science, Commerce Syllabus PDF

Units

Important Topics

Introduction to Partnership

Meaning and definitions, The Indian partnership Act 1932,

Methods of capital accounts, Fixed Capital Method

Fluctuating Capital Method, etc.

Partnership Final Accounts

Commission to working partner/ Managers on the basis of Gross profit, Closing stock, Outstanding expenses, Unrecorded purchases and sales, Bills Receivable dishonoured, Net profit, sales, etc.

Reconstitution of Partnership

Retirement/Death of a partner, Meaning, need, Adjustment of accumulated profits and losses, Revaluation of assets and liabilities, Meaning and different ways of reconstitution, Admission of a partner, Adjustment of capital, Amount due to retiring partner, Death of a partner, New ratio, Gain ratio, Treatment of goodwill, etc.

Dissolution of Partnership Firm

Simple dissolution, Dissolution under Insolvency situation, etc.

Accounts of Not for Profit concerns

The capitalisation of entrance fees, Creation of special funds out of donations, Introduction, meaning and features of Not for Profit concerns, General Donations, Specific Funds, Endowment fund, Receipts and Payments Account meaning and features, Depreciation, Stock of stationery, Sale of old assets, Scrap, Newspapers, Specific donation, etc.

Single entry system

Interest on capital, Interest on Drawings, Partners salary, Outstanding / Unpaid expenses, Undervaluation and Overvaluation of Assets and Liabilities, Interest on loan, Prepaid Expenses/ Expenses paid in advance, etc.

Bill of Exchange (Only Trade Bill)

Introduction, necessity, Meaning, Definition of Bill of Exchange

Company Accounts Part-I Accounting for shares

Share and share capital, Meaning, Private placement of shares. Public subscription of shares, Nature and Types. Accounting for Share Capital: Issue and Allotment of Equity Shares, etc.

Company Accounts Part-II Accounting for Debentures

Debentures: Meaning, Issue of debentures at par, at a premium and at discount, Issue of debentures for consideration other than cash. Interest on Debentures, etc.