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Book Keeping and Accountancy 12th Board Exam HSC Commerce: Marketing and Salesmanship Maharashtra State Board Topics and Syllabus

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Maharashtra State Board Syllabus For 12th Board Exam Book Keeping and Accountancy: Knowing the Syllabus is very important for the students of 12th Board Exam. Shaalaa has also provided a list of topics that every student needs to understand.

The Maharashtra State Board 12th Board Exam Book Keeping and Accountancy syllabus for the academic year 2023-2024 is based on the Board's guidelines. Students should read the 12th Board Exam Book Keeping and Accountancy Syllabus to learn about the subject's subjects and subtopics.

Students will discover the unit names, chapters under each unit, and subtopics under each chapter in the Maharashtra State Board 12th Board Exam Book Keeping and Accountancy Syllabus pdf 2023-2024. They will also receive a complete practical syllabus for 12th Board Exam Book Keeping and Accountancy in addition to this.

Academic year:
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1 Introduction to Partnership
  • Meaning and definitions
  • The Indian partnership Act 1932
  • Methods of capital accounts:- i) Fixed Capital Method ii) Fluctuating Capital Method
1 Introduction to Partnership and Partnership Final Accounts
  • Partnership 
    • Introduction
    • Meaning
    • Definition
    • Features of Partnership Firm
    1. Agreement
    2. Number of Partners
    3. Lawful business
    4. Sharing of Profit and losses
    5. Unlimited Liability
    6. Registrations
    7. Joint Ownership & Management
    8. Principal and Agent
    • Suitability 
    • Consequences for non-registration of a partnership firm
    • Drafting of partnership deed
    • Registration procedure
  • Partnership Deed 
    • Contents of the Partnership Deed
    • Importance of Partnership Deed
    • Provisions Relevant for Accounting
    • Format of Partnership Deed
  • Provision of the Indian Partnership Act 1932 
    • Distribution of profit
    • Interest on drawings
    • Interest on partner's loan
    • Interest on capital
    • Salary or commission to Partners
    • Admission of a new partner
  • Methods of Capital Accounts - Fixed and Fluctuating Capital Method 
  • Partnership Final Accounts 
    • Contents
    • Competency Statements
    • Introduction
    • Various Steps in Accounting
    • Necessity of Preparation of Final Accounts
    • Preparation of Partnership Final Accounts
2 Accounts of ‘Not for Profit’ Concerns
  • Accounts of “Not for Profit” Concerns 
    • Introduction
    • Meaning of Not for Profit concern
    • Features of Not for Profit concern
    • Difference between Profit organisation and Not for Profit organisation
    • Need for maintaining books of accounts and preparing final accounts
  • Receipts and Payments Account 
    • Meaning
    • Features of Receipts and Payments Account
    • Types of Receipts
    • i) Capital Receipts
    • ii) Revenue Receipts
    • Types of Payments
    • i) Capital Expenditure
    • ii) Revenue Expenditure
    • iii) Deferred Revenue Expenditure
    • Specimen of Receipts and Payments Account
    • Steps in preparation of receipts and payments account
    • Meaning and Concept of fund-based and non-fund-based accounting
  • Income and Expenditure Account 
    • Meaning
    • Features of Income and Expenditure Account
    • Specimen of Income and Expenditure Account
    • Distinction between Receipts and Payments Account and Income and Expenditure Account
    • Preparation of Income and Expenditure Account
    • Preparation of Balance Sheet
    • Implied Adjustments
    • Capital Fund
    • Specimen of Balance Sheet
    • Additional Information
    1. Outstanding and Prepaid Expenses.
    2. Accrued Income and Income Received in advance.
    3. Subscription received in advance and outstanding subscription
    4. Depreciation
    5. Capitalisation of Entrance fees
    6. Creation of special Funds out of donations
    7. Stock of Stationery,
    8.  Opening Balance of assets and liabilities.
    • Important Terms
    1. Entrances fees
    2. Subscription
    3. Legacy
    4. Life membership fees
    5. Sale of old assets scrap Newspapers
    6. Specific Donations
    7. General Donations
    8. Specific Funds
    9. Endowment Funds
    • Steps in preparation of income and expenditure account from receipts and payments account 
    • Format of Income and Expenditure Account
    • Treatment of revenue receipts 
2 Partnership Final Accounts

1. Introduction and Necessity of preparation of Final Accounts with following adjustments.

2. Adjustments:-

  • Closing stock
  • Outstanding expenses
  • Prepaid expenses
  • Income received in advance
  • Income receivable
  • Bad debts
  • Provision for doubtful debts
  • Reserve for discount on debtors and creditors
  • Depreciation
  • Interest on capital, drawings and loans
  • Interest on investment and loans
  • Goods destroyed by fire/ accident (insured / uninsured)
  • Goods stolen
  • Goods distributed as free samples
  • Goods withdrawn by partners
  • Unrecorded purchases and sales
  • Capital expenditure included in revenue expenses and vice-versa
  • Bills Receivable dishonoured
  • Bills payable dishonoured
  • Deferred expenses
  • Capital receipts included in revenue. Receipts and vice-versa
  • Commission to working partner/ Managers on the basis of Gross profit, Net profit, sales, etc.
3 Reconstitution of Partnership (Admission of Partner)
3 Reconstitution of Partnership

1. Meaning and different ways of reconstitution

2. Admission of a partner

  • Meaning and Need
  • Capital brought by new partner
  • New profit sharing ratio
  • Sacrifice ratio
  • Goodwill - Meaning, Methods of valuation and treatment of goodwill. i) Average profit method ii) Super profit method
  • Adjustment of accumulated profits and losses.
  • Revaluation of assets and liabilities
  • Adjustment of capitals

3. Retirement / Death of a partner

  • Meaning, need
  • New ratio
  • Gain ratio
  • Treatment of goodwill
  • Adjustment of accumulated profits and lossess
  • Revaluation of assets and liabilities
  • Adjustment of capital
  • Amount due to retiring parter
  • Death of partner
4 Dissolution of Partnership Firm
  • Simple dissolution
  • Dissolution under Insolvancy situation
5 Accounts of “Not for Profit” concerns

1. Introduction, meaning and features of “Not for Profit” concerns.

2. Receipts and Payments Accountmeaning and features. Distinction between Income and Expenditure account.

3. Preparation of Income and Expenditure Account and Balance Sheet with the following

(A) Additional Information

  • Outstanding expenses and prepaid expenses of the current and previous year
  • Accrued income and income received in advance
  • Subscription received in advance and Subscription outstanding of the current and previous year
  • Depreciation
  • Capitalisation of entrance fees.
  • Creation of special funds out of donations
  • Stock of stationery
  • Opening balances of assets and liabilities

(B) Important Items Entrance fess, Subscriptions, Legacy, life membership fees, Sale of old assets, Scrap, News papers, Specific donation, General Donations, Specific Funds, Endowment fund.

5 Reconstitution of Partnership (Death of Partner)
6 Single Entry System

1. Introduction

  • Meaning of single entry system.
  • Difference between single entry and double entry system.

2. Preparation of statements

3. Additional information:-

  • Additional capital
  • Drawings
  • Depreciation on fixed Asset
  • Bad Debts
  • Reserve for Doubtful Debts
  • Undervaluation and Overvaluation of Assets and Liabilities
  • Interest on loan
  • Interest on capital
  • Interest on Drawings
  • Partners salary
  • Outstanding / Unpaid expenses
  • Prepaid Expenses/ Expenses paid in advance.
  • Illustrations
6 Dissolution of Partnership Firm
7 Bill of Exchange (Only Trade Bill)
  • Introduction, necessity, Meaning, Definition of Bill of Exchange
  • Draft/format of Bills, Parties to the Bill of Exchange, Acceptance of Bill, Terms of Bill, Days of Grace, Date of maturity, Due Date, Types of Bill
  • Honouring of Bill, Dishonour of Bill, Noting and Protesting of Bill, Notary Public and Noting Charges
  • Accounting Treatment of Bill by the Drawer/Holder and Drawee in following cases
  1. Retaining the Bill till due date. honour/dishonour, insolvency of the drawee/ acceptor
  2. Endorsement of the Bill, Honour/ dishonour and also insolvency of acceptor
  3. Discounting the Bill with the Bank honour/dishonour and insolvency.
  4. Sending the Bill to the Bank for collection, honour/ dishonour and insolvency
    1. Renewal of Bill-Reasons for Renewal of the Bill. Renewal of Bill with or without charging interest
  5. Making part payment of basic amount, interest and noting charges and drawing of new Bill
  6. Honour/dishonour of New Bill
  7. Insolvency of the acceptor and settlement of his account
  8. Retirement of Bill
  9. Journal Entries and Ledger
7 Bills of Exchange
8 Company Accounts - Issue of Shares
  • Share and Share Capital 
    • Meaning and Definition
    • Types of Shares
    • Treatment of share capital in Company Balance Sheet (Horizontal Form)
    • Kinds of Share Capital 
    1. Equity Share Capital
    2. Preference Share Capital
    • Kinds of Preference shares
    • Tenure of Preference Shares
  • Accounting for Share Capital 
    • Public Issue of Shares
    • Basic Accounting Entries for Issue of Shares
    • Issue of Shares at Par, Premium and Discount
    • Oversubcription and Undersubscription of shares
    • Calls in Arrears and Calls in Advance
    • Issue of Shares for Consideration other than cash
  • Forfeiture of Shares 
    • Accounting treatment for forfeiture of shares
    • Re-issue of Forfeited Shares.
8 Company Accounts

1. Accounting for Shares

  • Share and share capital, Meaning, 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 premium, and at discount, Calls in advance in arrears, Issue of shares for consideration other than cash
  • Accounting treatment of forfeiture and re-issue
  • Disclosure of Share capital in Company’s Balance Sheet (Horizontal form)

2. Accounting for Debentures

  • Debentures:- Meaning, Issue of debentures at par, at premium and at discount
  • Issue of debentures for consideration other than cash. Interest on Debentures
9 Analysis of Financial Statements
  • Financial statement Analysis:- meaning, objectives and limitations
  • Tools for financial statement Analysis-meaning of comparative statements, common size statements, cash flow analysis, and Ratio analysis
  • Accounting Ratios:- Meaning objectives and classification of Ratios
  • Introductions to current ratio, liquid ratio, Gross profit ratio, operating profit ratio and Net profit ratio. ROI, ROCI
9 Analysis of Financial Statements
10 Computer in Accounting
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