Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

Accountancy HSC Commerce Class 12 Tamil Nadu Board of Secondary Education Syllabus 2023-24

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Tamil Nadu Board of Secondary Education Class 12 Accountancy Syllabus - Free PDF Download

Tamil Nadu Board of Secondary Education Syllabus 2023-24 Class 12: The Tamil Nadu Board of Secondary Education Class 12 Accountancy Syllabus for the examination year 2023-24 has been released by the , Tamil Nadu Board of Secondary Education. The board will hold the final examination at the end of the year following the annual assessment scheme, which has led to the release of the syllabus. The 2023-24 Tamil Nadu Board of Secondary Education Class 12 Accountancy Board Exam will entirely be based on the most recent syllabus. Therefore, students must thoroughly understand the new Tamil Nadu Board of Secondary Education syllabus to prepare for their annual exam properly.

The detailed Tamil Nadu Board of Secondary Education Class 12 Accountancy Syllabus for 2023-24 is below.

Academic year:

Tamil Nadu Board of Secondary Education Class 12 Accountancy Revised Syllabus

Tamil Nadu Board of Secondary Education Class 12 Accountancy and their Unit wise marks distribution

Tamil Nadu Board of Secondary Education Class 12 Accountancy Course Structure 2023-24 With Marking Scheme

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Syllabus

1 Accounts from Incomplete Records
  • Introduction to Accounts from Incomplete Records  
  • Meaning of Incomplete Records  
    • Features of Incomplete Records
  • Features of Incomplete Records  
    • Nature
    • Type of accounts maintained
    • Lack of uniformity
    • Financial statements may not represent true and fair view
    • Suitability
    • Mixing up of personal and business transactions
  • Limitations of Incomplete Records  
    • Lack of proper maintenance of records
    • Difficulty in preparing trial balance
    • Difficulty in ascertaining true profitability of the business
    • Difficulty in ascertaining financial position
    • Errors and frauds cannot be detected easily
    • Unacceptable to government and other authorities
  • Differences Between Double Entry System and Incomplete Records  
  • Ascertaining Profit Or Loss from Incomplete Records Through Statement of Affairs  
    • Calculation of profit or loss through statement of affairs
    • Steps to be followed to find out the profit or loss by preparing statement of affairs
    • Statement of affairs
    • Format of statement of affairs
    • Differences between Statement of affairs and Balance sheet
  • Preparation of Final Accounts from Incomplete Records  
    • Steps to be followed to prepare final accounts from incomplete records
2 Accounts of Not–For–Profit Organisation
  • Accounts of Not–For–Profit Organisation  
  • Features of Not–For–Profit Organisations  
  • 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
  • Items Peculiar to Not–For–Profit Organisations  
  • 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 
  • Balance Sheet  
    • Need for preparing a balance sheet.
    • Relevant Items in the Balance Sheet
    • Characteristics of balance sheet
    • Grouping and Marshalling of assets and liabilities in a balance sheet
    • Methods of drafting a balance sheet
    1. Horizontal form of balance sheet
    2. Vertical form of balance sheet
    • Preparation of Balance Sheet
    • Classification of assets and liabilities
3 Accounts of Partnership Firms–Fundamentals
  • Introduction to Accounts of Partnership Firms–Fundamentals  
  • Meaning, Definition and Features of Partnership  
    • Meaning and definition of partnership
    • Features of partnership
    • Partnership deed
    • Contents of partnership deed
  • Application of the Provisions of the Indian Partnership Act, 1932 in the Absence of Partnership Deed  
  • Final Accounts of Partnership Firms  
  • Methods of Maintaining Capital Accounts of Partners  
    • Fixed capital method
    • Fluctuating capital method
    • Differences between fixed capital method and fluctuating capital method
  • Interest on Capital and Interest on Drawings of Partners  
    • Interest on capital 
    • Calculation of interest on capital
    • Interest on drawings
    • Calculation of interest on drawings 
  • Salary and Commission to Partners  
  • Interest on Loan from Partners  
  • Division of Profits Among Partners  
  • Profit and Loss Appropriation Account  
    • Format of Profit and loss appropriation account
4 Goodwill in Partnership Accounts
  • Goodwill in Partnership Accounts  
  • Nature of Goodwill  
  • Factors Determining the Value of Goodwill of a Partnership Firm  
    • Profitability of the firm
    • Favourable location of the business enterprise
    • Good quality of goods or services offered
    • Tenure of the business enterprise
    • Efficiency of management
    • Degree of competition
    • Other factors
  • Need for Valuation of Goodwill of Partnership Firms  
  • Classification of Goodwill  
    • Acquired or purchased goodwill
    • Self-generated goodwill
  • Methods of Valuation of Goodwill  
    1. Average Profits Method
    2. Super Profits Method
    3. Capitalisation Method
    4. Multiplier Method
5 Admission of a Partner
  • Admission of a Partner  
    • Need
    • Capital brought by new partner
    • New Profit Sharing Ratio
    • Sacrifice Ratio
  • Adjustments Required at the Time of Admission of a Partner  
  • Distribution of Accumulated Profits, Reserves and Losses  
  • Admission of a Partner - Revaluation of Assets and Liabilities  
    • Meaning
    • Adjustment of accumulated Profits and Losses
    • Adjustment of Capitals
  • New Profit Sharing Ratio and Sacrificing Ratio  
    • New profi t sharing ratio 
    • Sacrificing ratio
  • Adjustment for Goodwill  
    • Accounting treatment for goodwill
    • Existing goodwill
  • Adjustment of Capital on the Basis of New Profit Sharing Ratio  
6 Retirement and Death of a Partner
  • Retirement and Death of a Partner  
  • Adjustments Required on Retirement of a Partner  
  • Distribution of Accumulated Profits, Reserves and Losses  
  • Revaluation of Assets and Liabilities  
  • Determination of New Profit Sharing Ratio and Gaining Ratio  
    • New profit sharing ratio
    • Gaining ratio
    • Differences between the sacrificing ratio and the gaining ratio
  • Adjustment for Goodwill  
    • Accounting treatment for goodwill
    • Existing goodwill
  • Adjustment for Current Year’s Profit or Loss upto the Date of Retirement  
  • Settlement of the Amount Due to the Retiring Partner  
  • Adjustments Required on the Death of a Partner  
7 Company Accounts
  • Introduction to Company Accounts  
  • Meaning and Definition of a Company  
    • Definition
    • Characteristics
    • Advantages 
    • Disadvantages 
  • Characteristics of a Company  
  • Meaning and Types of Shares  
    • Preference shares
    • Equity shares
  • Divisions of Share Capital  
    • Authorised capital
    • Issued capital
    • Subscribed capital
    • Called up capital
    • Paid up capital
    • Reserve capital
  • Issue of Equity Shares  
    • Public issue
    • Private placement
    • Rights issue
    • Bonus issue
  • Process of Issue of Equity Shares  
    • Inviting subscription
    • Receipt of application
    • Allotment of shares
  • Issue of Shares for Cash in Instalments  
    • Under subscription
    • Over subscription
    • Calls in advance
    • Calls in arrear
    • Forfeiture of shares
    • Re-issue of forfeited shares
    • Shares issued at premium
  • Issue of Shares for Cash in Lumpsum  
  • Issue of Shares for Consideration Other than Cash  
8 Financial Statement Analysis
  • Concept of Financial Statement Analysis  
    • Meaning of Financial Statement Analysis
    • Objectives of Financial Statement Analysis
    • Importance and Limitations of Financial Statement Analysis
    • Tools for Financial Statement Analysis
  • Financial Statements of a Company  
    • Meaning of financial statements
    • Features of financial statements
    • Significance of financial statements
    • Limitations of financial statements
  • Financial Statements of Companies  
    • Meaning of financial statement analysis
    • Objectives of financial statement analysis
    • Limitations of financial statement analysis
  • Tools for Financial Statement Analysis  
    • Comparative Statement
    • Common Sized Statement
    • Cash Flow Statement.
    • Trend analysis
    • Funds flow analysis
  • Preparation of Comparative Statements  
  • Preparation of Common-size Statements  
  • Trend Analysis  
9 Ratio Analysis
  • Introduction to Ratio Analysis  
  • Meaning of Accounting Ratios  
  • Meaning and Definition of Ratio Analysis  
  • Objectives of Ratio Analysis  
  • Classification of Ratios  
    • Traditional classification
    • Functional classification
  • Computation of Ratios  
    • Liquidity ratios 
    • Long term solvency ratios
    • Turnover ratios
    1. Inventory turnover ratio
    2. Trade receivables turnover ratio
    3. Trade payables turnover ratio 
    4. Fixed assets turnover ratio
    • Profitability ratios
    1. Gross profit ratio
    2. Operating cost ratio
    3. Operating profit ratio
    4. Net profit ratio
    5. Return on investment
  • Advantages of Ratio Analysis  
    • Helps to understand efficacy of decisions
    • Simplify complex figures and establish relationships
    • Helpful in comparative analysis
    • Identification of problem areas
    • Enables SWOT analysis
    • Various comparisons
  • Limitations of Ratio Analysis  
    • Limitations of Accounting Data
    • Ignores Price-level Changes
    • Ignore Qualitative or Non-monetary Aspects
    • Variations in Accounting Practices
    • Forecasting
    • Means and not the End
    • Lack of ability to resolve problems
    • Lack of standardised definitions
    • Lack of universally accepted standard levels
    • Ratios based on unrelated figures
10 Computerised Accounting System-Tally
  • Introduction to Computerised Accounting System-tally  
  • Applications of Computerised Acounting System (CAS)  
  • Automated Accounting System  
  • Designing the Accounting Reports  
  • Data Exchange with Other Information System  
  • Application of Computerised Accounting System – Tally with Gst Package  
  • Practical Application of Accounting Software – Tally.Erp 9  

Textbook SolutionsVIEW ALL [1]

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