(Download) CBSE Class-12 Sample Paper (Accountancy) 2015
Part A : Accounting for Partnership Firms and Companies 60 Marks 150 Periods
Unit 1: Accounting for Partnership Firms
Partnership: features, Partnership deed.
Provisions of the Indian Partnership Act 1932 in the
absence of partnership deed.
Fixed v/s fluctuating capital accounts. Preparation of
Profit & Loss Appropriation account- division of Profit among partners,
guarantee of profits.
Past adjustments (relating to interest on capital,
interest on drawing, salary and profit sharing ratio).
Goodwill: nature, factors affecting and methods of
valuation - average profit, super profit and capitalization.
Scope : Interest on partner’s loan is to be treated as a charge against
Accounting for Partnership firms - Reconstitution and Dissolution.
Change in the Profit Sharing Ratio among the
existing partners - sacrificing ratio, gaining ratio. Accounting for
revaluation of assets and re-assessment of liabilities and treatment of
reserves and Accumulated profits.
Admission of a partner - effect of admission of
a partner on change in the profit sharing ratio, treatment of goodwill (as per
AS 26), treatment for revaluation of assets and re - assessment of liabilities,
treatment of reserves and accumulated profits, adjustment of capital accounts
and preparation of balance sheet.
Retirement and death of a partner: Effect of retirement
/death of a partner on change in profit sharing Ratio, treatment of goodwill (as
per AS 26), treatment for revaluation of assets and re - assessment of
Liabilities, adjustment of accumulated profits and reserves, adjustment of
capital accounts and preparation of balance sheet. Preparation of loan account
of the retiring partner.
– Calculation of deceased partner's share of profit till the date of death.
Preparation of deceased Partner’s capital account, executor's account and
preparation of balance sheet.
Dissolution of a partnership firm: types of dissolution
of a firm. Settlement of accounts - preparation of
Realization account, and other related accounts: Capital accounts of partners
and Cash/Bank A/c (Excluding piecemeal distribution, sale to a company and
insolvency of partner(s)).
(i) If value of asset is not given, its realized value should be taken as nil.
(ii) In case, the realization expenses are borne by a partner, clear indication
should be given regarding the payment thereof.
Unit 2: Accounting for Companies
Accounting for Share Capital
Share and share capital: 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 at premium and
at discount, calls in advance and arrears (excluding interest), issue of shares
for consideration other than cash.
Accounting treatment of forfeiture and re-issue of
Disclosure of share capital in company's Balance Sheet.
Accounting for Debentures
Debentures: Issue of debentures at par, at a
premium and at a discount. Issue of debentures for consideration other than
cash; Issue of debentures with terms of redemption; debentures as collateral
security-concept, interest on debentures.
Redemption of debentures: Lump sum, draw of lots and
purchase in the open market (excluding and cum- interest). Creation of Debenture
Part B: (i) Financial Statement Analysis 20 Marks 50 Periods
Unit 3: Analysis of Financial Statements
Scope : Exceptional Items, Extraordinary Items and Profit (loss) from
Discontinued Operations are excluded.
Financial Statement Analysis: Objectives and
Tools for Financial Statement Analysis: Comparative
statements, common size statements, cash flow Analysis, ratio analysis. 4
Accounting Ratios: Objectives, classification and