Kendriya Vidyalaya
Sangathan
(Ahmedabad Region)
Class: XII
Question Bank
ACCOUNTANCY
(2022-23)
, INSPIRATION
• Smt. SHRUTI BHARGAVA, Deputy Commissioner, KVS RO,
Ahmedabad.
• Smt. VINITA SHARMA, Asstt. Commissioner, KVS RO, Ahmedabad.
MENTOR
• Shri. AVIJIT PANDA, Principal, KV Sabarmati.
CONTENT TEAM
Mr. P P Wadodkar KV EME Baroda
Mr. R M Patel KV No 2 Bhuj Cantt
Mr. Nitin kumar N. Bhetaria KV – 1 AFS Bhuj
Ms. Meera Khalpada KV Rajkot
Mr. M R Parmar KV No 1 Harni Vadodara
Mr. Dil Preet Singh KV INS Valsura
Ms. Samita Rani KV ONGC Ankleshwar
Mr. Dinesh Kumar KV Silvasa
COMPILATION BY
Mr. Patidar Naresh Kumar, KV Sabarmati, Ahmedabad.
, INDEX
S.N. NAME OF THE CHAPTER
1 Curriculum and Paper Pattern
2 Fundamentals of Partnership Firm Basic
3 Admission of a Partner
4 Retirement/Death of a Partner
5 Dissolution of Partnership Firm
6 Company Accounts – Issue and Forfeiture of
Shares
7 Company Accounts – Issue of Debentures
8 Financial Statements of a Company
9 Financial Statements Analysis of a Company
10 Analysis of Financial statement – Ratio Analysis
11 Cash flow statement
, ACCOUNTANCY (Code No. 055)
Rationale
The course in accountancy is introduced at plus two stage of senior second of school education,
as the formal commerce education is provided after ten years of schooling. With the fast
changing economic scenario, accounting as a source of financial information has carved out a
place for itself at the senior secondary stage. Its syllabus content provide students a firm
foundation in basic accounting concepts and methodology and also acquaint them with the
changes taking place in the preparation and presentation of financial statements in accordance
to the applicable accounting standards and the Companies Act 2013.
The course in accounting put emphasis on developing basic understanding about accounting as
an information system. The emphasis in Class XI is placed on basic concepts and process of
accounting leading to the preparation of accounts for a sole proprietorship firm. The students
are also familiarized with basic calculations of Goods and Services Tax (GST) in recording the
business transactions. The accounting treatment of GST is confined to the syllabus of class XI.
The increased role of ICT in all walks of life cannot be overemphasized and is becoming an
integral part of business operations. The learners of accounting are introduced to Computerized
Accounting System at class XI and XII. Computerized Accounting System is a compulsory
component which is to be studied by all students of commerce in class XI; whereas in class XII
it is offered as an optional subject to Company Accounts and Analysis of Financial Statements.
This course is developed to impart skills for designing need based accounting database for
maintaining book of accounts.
The complete course of Accountancy at the senior secondary stage introduces the learners to
the world of business and emphasize on strengthening the fundamentals of the subject.
Objectives:
1. To familiarize students with new and emerging areas in the preparation and presentation
of financial statements.
2. To acquaint students with basic accounting concepts and accounting standards.
3. To develop the skills of designing need based accounting database.
4. To appreciate the role of ICT in business operations.
5. To develop an understanding about recording of business transactions and preparation
of financial statements.
6. To enable students with accounting for Not-for-Profit organizations, accounting for
Partnership Firms and company accounts.
Sangathan
(Ahmedabad Region)
Class: XII
Question Bank
ACCOUNTANCY
(2022-23)
, INSPIRATION
• Smt. SHRUTI BHARGAVA, Deputy Commissioner, KVS RO,
Ahmedabad.
• Smt. VINITA SHARMA, Asstt. Commissioner, KVS RO, Ahmedabad.
MENTOR
• Shri. AVIJIT PANDA, Principal, KV Sabarmati.
CONTENT TEAM
Mr. P P Wadodkar KV EME Baroda
Mr. R M Patel KV No 2 Bhuj Cantt
Mr. Nitin kumar N. Bhetaria KV – 1 AFS Bhuj
Ms. Meera Khalpada KV Rajkot
Mr. M R Parmar KV No 1 Harni Vadodara
Mr. Dil Preet Singh KV INS Valsura
Ms. Samita Rani KV ONGC Ankleshwar
Mr. Dinesh Kumar KV Silvasa
COMPILATION BY
Mr. Patidar Naresh Kumar, KV Sabarmati, Ahmedabad.
, INDEX
S.N. NAME OF THE CHAPTER
1 Curriculum and Paper Pattern
2 Fundamentals of Partnership Firm Basic
3 Admission of a Partner
4 Retirement/Death of a Partner
5 Dissolution of Partnership Firm
6 Company Accounts – Issue and Forfeiture of
Shares
7 Company Accounts – Issue of Debentures
8 Financial Statements of a Company
9 Financial Statements Analysis of a Company
10 Analysis of Financial statement – Ratio Analysis
11 Cash flow statement
, ACCOUNTANCY (Code No. 055)
Rationale
The course in accountancy is introduced at plus two stage of senior second of school education,
as the formal commerce education is provided after ten years of schooling. With the fast
changing economic scenario, accounting as a source of financial information has carved out a
place for itself at the senior secondary stage. Its syllabus content provide students a firm
foundation in basic accounting concepts and methodology and also acquaint them with the
changes taking place in the preparation and presentation of financial statements in accordance
to the applicable accounting standards and the Companies Act 2013.
The course in accounting put emphasis on developing basic understanding about accounting as
an information system. The emphasis in Class XI is placed on basic concepts and process of
accounting leading to the preparation of accounts for a sole proprietorship firm. The students
are also familiarized with basic calculations of Goods and Services Tax (GST) in recording the
business transactions. The accounting treatment of GST is confined to the syllabus of class XI.
The increased role of ICT in all walks of life cannot be overemphasized and is becoming an
integral part of business operations. The learners of accounting are introduced to Computerized
Accounting System at class XI and XII. Computerized Accounting System is a compulsory
component which is to be studied by all students of commerce in class XI; whereas in class XII
it is offered as an optional subject to Company Accounts and Analysis of Financial Statements.
This course is developed to impart skills for designing need based accounting database for
maintaining book of accounts.
The complete course of Accountancy at the senior secondary stage introduces the learners to
the world of business and emphasize on strengthening the fundamentals of the subject.
Objectives:
1. To familiarize students with new and emerging areas in the preparation and presentation
of financial statements.
2. To acquaint students with basic accounting concepts and accounting standards.
3. To develop the skills of designing need based accounting database.
4. To appreciate the role of ICT in business operations.
5. To develop an understanding about recording of business transactions and preparation
of financial statements.
6. To enable students with accounting for Not-for-Profit organizations, accounting for
Partnership Firms and company accounts.
