NCERT reference · Board exam
11 chapters across Partnership Accounts, Company Accounts, and Financial Statement Analysis — the three pillars of the Class 12 Commerce board exam. Each area has its own question pattern and mark weight.
11
chapters across 2 books
3
topic areas
80
marks in board exam
Study map
Partnership (5 chapters)
NPO, basics, admission, retirement, dissolution.
Company Accounts (3 chapters)
Share capital, debentures, company financial statements.
Analysis (3 chapters)
Statement analysis, accounting ratios, cash flow.
Syllabus by area
Partnership accounts from formation through reconstitution to dissolution — goodwill valuation, revaluation account, and capital adjustment are tested in every board paper.
How companies raise capital through shares and debentures, and how to prepare a company's Profit & Loss Account and Balance Sheet in the prescribed format.
Reading a company's financial health — liquidity, solvency, profitability, and activity ratios; and preparing a cash flow statement under the indirect method.
Practice bridge
Step 1
Generate 10 questions on partnership reconstitution — admission, retirement, and goodwill treatment.
Step 2
Ask for journal entry questions on share capital: issue, forfeiture, re-issue, and debenture redemption.
Step 3
Create a Financial Analysis drill with ratio calculations and a cash flow statement from given data.