PUC Karnataka Commerce Class 12Department of Pre-University Education, Karnataka
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Accountancy Class 12 PUC Karnataka Commerce Department of Pre-University Education, Karnataka Topics and Syllabus

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100.00 Depreciation, Provisions and Reserves
101.00 Depreciation

Meaning of depreciation

102.00 Features of Depreciation
103.00 Causes for Depreciation
104.00 Need for Charging Depreciation
105.00 Factors to Be Taken into Account for the Calculation of Depreciation
106.00 Methods of Depreciation
  • a) Straight line method: Meaning, merits, demerits and problems. (one or more purchase and one sale-full or part)
  • b) Diminishing balance method: Meaning, merits, demerits and problems. (one or more purchase and one sale-full or part)
  • c) Annuity method: Meaning, merits, demerits and problems.
  • d) Sinking fund Method - concepts only
  • e) Insurance policy Method - concepts only f) Revaluation Method - concepts only
107.00 Provision and Reserves
  • Meaning and importance 
  • Difference between provision and reserves
  • Types of reserves: concepts only
  • Revenue reserves, Capital reserves, General reserves,
200.00 Accounting for Partnership Fundamentals
201.00 Partnership

Meaning and Features

202.00 Partnership Deed

Meaning and contents

203.00 Provision of Indian Partnership Act

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

204.00 Maintenance of Capital Accounts of Partners

Fixed Capital system- problems Fluctuating Capital systemproblems

205.00 Adjustments of Partnership Accounts
  • Interest on partners’ capitals
  • Interest on partners’ drawings- Problems
  • Interest on partners’ loan accounts
  • Partners’ salary or commission
  • Distribution of profits among partners
206.00 Profit and Loss Appropriation Account

Meaning and Problems

300.00 Partnership Accounts -admission of a Partner
301.00 Admission of a Partner

Meaning

302.00 Ratios in Connection with Admission of a Partner
  • a) Sacrifice Ratio: Meaning and problems.
  • b) New profit sharing ratio : Meaning and problems.
  • Adjustments in connection with admission of a partner
  • i) Revaluation of Assets and Liabilities of the firm. ii) Distribution of reserves and undistributed profits or losses. iii) Capital brought by the new partner : In cash and in the form of other assets. iv) Goodwill and its treatment:
  • a) Meaning and factors affecting Goodwill.
  • b) Need for taking goodwill into account at the time of admission.
  • c) Methods of valuation of goodwill: Average profit Method- Problems. Super profit Method and Capitalization Method- Concepts only
  • d) Treatment of goodwill on admission of a new partner:
  • 1) Goodwill brought in cash and withdrawn.
  • 2) Goodwill brought in cash and retained.
  • 3) Goodwill raised and retained.
  • 4) Goodwill raised and written off.
  • v) Adjustment of old partners capital after admission on the basis of new partner’s capital and adjustments to be made in cash
303.00 Preparation of Revaluation Account
  • Goodwill account
  • Cash or bank account
  • Partners’ capital accounts
  • New balance sheet of the firm
400.00 Partnership Accounts –Retirement and Death of a Partner
401.00 Retirement of a Partner
  • Meaning
  • Ratios in connection with retirement of a partner: a) Gain Ratio - Meaning and problems. b) New profit sharing ratio - Meaning and problems.
  • Adjustments in connection with retirement of a partner:
  • i) Revaluation of assets and liabilities of the firm.
  • ii) Distribution of reserves and undistributed Profits or losses.
  • iii) Treatment of Goodwill: 1) Created at its full value and retained. 2) Created at its full value and written off. 3) Created only to the extent of retiring partner’s share and written off. 4) Raised to the extent of retiring partner’s share and written off without opening goodwill account.
  • iv) Settlement of amount due to the retiring partner: a) Settlement in full by cash/through over draft. b) Transfer to loan account. c) Partly paid cash and balance transfer to loan account. d) Settlement in installments with interest.
  • v) Adjustment of continuing partners’ capital balances after retirement on the basis of the total capital of the new firm given according to the new profit ratio and adjustments to be made in cash.
402.00 Death of a Partner
  • Ascertainment of the amount due to the deceased partner.Items to be taken into account:
  • a) Deceased partner’s capital.
  • b) Interest on deceased partner’s capital.
  • c) Salary or Commission up to the date of death.
  • d) Deceased partner’s share of undistributed profit or loss
  • e) Deceased partner’s share of reserve fund.
  • f) Deceased partner’s share of goodwill.
  • g) Share of revaluation profit or loss.
  • h) Deceased partner’s share of accrued profit or loss of the firm up to the date of his death.
  • i) Share of joint life policy.
  • k) Interest on drawings of deceased partner.
  • l) Preparation of Deceased partner’s capital account and executor’s account.
500.00 Partnership Accounts– Dissolution of Partnership Firm
501.00 Dissolution of Partnership

Meaning

502.00 Dissolution of Partnership Firm

Meaning

503.00 Difference Between Dissolution of Partnership and Partnership Firm
504.00 Circumstances of Dissolution of a Firm
505.00 Settlement of Accounts on Dissolution of a Firm
506.00 Dissolution Accounts

a) Realisation account. b) Partners’ capital accounts c) Cash or bank account

600.00 Accounting for Share Captial and Debentures
601.00 Joint Stock Company
  • Meaning and Features Share Capital of a Company- Meaning
  • Different Phases of Share Capital.
  • Shares: Meaning and Types-Equity Share, Preference Share.
  • Issue of shares:- Concepts only a) Issue of prospectus b) Minimum subscription c) Application for shares d) Allotment of shares e) Calls on shares
  • Journal entries relating to issue of shares: i) Issue of shares at par ii) Calls in arrears and Calls in advance. iii) Issue of shares at premium iv) Issue of shares at discount. v) Over subscription and under subscription of shares. vi) Forfeiture and re-issue of forfeited shares
  • Presentation of share capital in company balance sheet
602.00 Debentures
  • Meaning and types of debentures
  • Deference between shares and debentures.
  • Issue of debentures for cash: Journal entries relating to issue of debentures for cash: a) At par b) At premium c) At discount
  • Issue of debentures for consideration other than cash: Journal entries relating to issue of debentures other than cash: a) At par b) At premium c) At discount
700.00 Financial Statements of Joint Stock Company
701.00 Financial Statements

meaning

702.00 Objectives of Financial Statements
703.00 Types of Financial Statements

a) Income Statements ( vertical format and contents) b) Balance Sheet(vertical format and contents)

704.00 Preparation of Financial Statements in vertical form
800.00 Analysis of Financial Statements
801.00 Analysis of Financial Statements
  • Meaning, significance and objectives
  • Tools of financial analysis:
  • i) Comparative Statements-Meaning ,types and problems a) Income Statements b) Position Statement
  • ii) Common size Statements- Meaning ,types and problems a) Income Statements b) Position Statement
  • iii) Trend Analysis -Meaning Calculation of Trend Percentage 8.12 Limitations of Financial Analysis. Ratio Analysis Meaning of Accounting Ratio Significance of Accounting Ratio Types:
  • i) Liquidity Ratio-Current Ratio, Liquid Ratio.
  • ii) Solvency Ratio-Debt Equity Ratio, Proprietary Ratio.
  • iii) Activity Ratio-Inventory Turnover Ratio, Debtors Turnover Ratio, Creditors Turnover Ratio.
  • iv) Profitability Ratio-Gross Profit Ratio, Net Profit Ratio, Operating Ratio.Limitations of Ratio Analysis.
900.00 Accounting for Non-profit Organisations
901.00 Non-profit Organisations

Meaning and features

902.00 Need for Maintaining of Accounts by Non-profit Organisations
903.00 Books of Accounts Maintained by Non-profit Organisations
904.00 Capital and Revenue Items
  • Meaning, classification and treatment
905.00 Final Accounts of Non-profit Organisations

a) Receipts and Payment accounts-Meaning and features. b) Income and Expenditure-Meaning and features. c) Balance Sheet

906.00 Preparation of Receipt and Payment Account
907.00 Ascertainment of Opening Capital Fund
908.00 Preparation of Income and Expenditure Account and Balance Sheet from Receipts and Payments Accounts and Other Information

i) For new non-profit organisations. ii) For existing non-profit organisations. (Opening balance sheet should be given)

1000.00 Computers in Accounting 2
1001.00 Meaning of Data
  • Meaning of Information
  • Qualities of Information
  • Types of Information
1002.00 Data Processing
  • Meaning of Data Processing
  • Stages of Data Processing
  • Types of Data Processing
1003.00 Data Base Management System (DBMS)

Meaning Advantages and Disadvantages of DBMS

1004.00 Models of Database Management System(Types)
1005.00 Meaning and Diagrammatic Explanation
  • i) Simple/List structure data base model
  • ii) Hierarchical data base model
  • iii) Network data base model
  • iv) Relational data base model
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