Be on top of the numbers
Practice will get you high scores in the Class 12 accountancy paper
The Class 12 accountancy board paper is divided into three sections, Section A (60 marks) is compulsory and out of Sections B and C (20 marks), a student can choose any one section. You will have a practical examination for the remaining 20 marks.
Section A covers accounting for partnership firms and companies, Section B is based on analysis of financial statements and Section C deals with computerised accounting system, accounting using database management system and accounting applications of electronic spreadsheet.
As Schedule VI to The Companies Act, 1956, has been revised and the revised format has been adopted by the Central Board of Secondary Education (CBSE), there are major changes in Section B. Usually, the majority of the students opt for this section but this time you have to be very vigilant while preparing for it. The changes will affect chapter 1 which is based on the format and chapter 3 which contains the method of presentation of comparative statements and common size statements. In chapters 4 and 5 - ratio analysis and cash flow statement - there is no change in solving the question but the question will be according to the revised format. So, you should have a thorough understanding of the revised format.
In Section A, which has 75% weightage of this paper, partnership accounts carries 35 marks and remaining 25 marks are for company accounts. From both the topics, there will be a long question of eight marks and you will have an internal choice between the two. To score
TOPPER TALK eight on eight, make your choice very judiciously.
The paper includes 10 questions of one mark each which are generally theory-based. This year there will also be two questions of two marks each based on the identification of values involved in that question. Here are some tricks to score more: It is not at all mandatory to solve the paper in the ascending or descending order but it is always recommended you do so. Always draw formats and write proper narrations even if you are required to make a single journal entry, otherwise you may be penalised up to 25% marks. Do your calculations with full concentration and alertness to avoid errors.