19. ACCOUNTANCY (Code No.

055)
Rationale
The course in Accountancy is introduced at +2 stage of Senior Secondary education, as formal commerce
education is provided after first ten years of schooling. With the fast changing economic scenario and
business environment in a state of continuous flux, elementary business education along with accountancy
as the language of business and as a source of financial information has carved out a place for itself at the
Senior School stage. Its syllabus content should give students a firm foundation in basic accounting
principles and methodology and also acquaint them with the changes taking place in the presentation and
analysis of accounting information, keeping in view the development of accounting standards and use of
computers.
Against this background, the course puts emphasis on developing basic understanding about the nature and
purpose of the accounting information and its use in the conduct of business operations. This would help to
develop among students logical reasoning, careful analysis and considered judgement. Accounting as an
information system aids in providing financial information. The emphasis at Class XI is placed on basic
concepts and process of accounting leading to the preparation of accounts for a sole proprietorship firm.
Computerized accounting is becoming popular with the increasing use of computers in business. Keeping this
in view, the students are exposed compulsorily to the basic knowledge about computers and its use in
accounting in the same year.
In class XII, Accounting for Partnership Firms and Companies are to be taught as a compulsory part. Students
will also be given an opportunity to understand further about Computerized Accounting System, as an
optional course to Analysis of Financial Statements.
Objectives:

to familiarize the students with accounting as an information system;

to acquaint the students with basic concepts of accounting and accounting standards;

to develop the skills of using accounting equation in processing business transactions;

to develop an understanding about recording of business transactions and preparation of financial

statements;

to enable the students with accounting for reconstitution and dissolution of partnership firms;

to enable the students to understand and analyse the financial statements; and

to familiarize students with the fundamentals of computerized system of accounting.

Accountancy (Code No.055)

Couse Structure
Class-XI (2015-16)
One Paper

Theory: 90 Marks
3 Hours

Units

Periods

Marks

Unit-1: Theoretical Framework

25

15

Unit-2: Accounting Process

95

35

120

50

Part A: Financial Accounting-1

281

Part B: Financial Accounting-II

Unit-3: Financial Statements of Sole Proprietorship from Complete
and Incomplete Records

40

15

Unit-4: Financial Statements of Not-for-Profit Organizations

30

15

Unit-5: Computers in Accounting

20

10

90

40

30

10

Part C: Project Work

SYLLABUS: CLASS-XI
ACCOUNTANCY
PART A: FINANCIAL ACCOUNTING - I

50 Marks

Unit-1: Theoretical Frame Work

25 Periods

Units/Topics
Introduction to Accounting

11 Periods

Accounting- concept, objectives, advantages

and
limitations,
types
of
accounting
information; users of accounting information
and their needs.
Basic accounting terms: business transaction,
account, capital, drawings, liabilities (non current and current); assets (non-current and
current) fixed assets (tangible and intangible
assets), receipts (capital and revenue),
expenditure (capital, revenue and deferred),
expense, income, profits, gains and losses,
purchases, purchases returns, sales, sales
returns, goods, stock, inventory, trade
receivables (debtors and bills receivable),
trade payables (creditors and bills payable),
cost, vouchers, discount - trade and cash.

Theory Base of Accounting

Learning Outcomes
After going through this Unit, the students will be
able to:

14 Periods

Fundamental accounting assumptions: going

concern, consistency and accrual.
Accounting principles: accounting entity,
money measurement, accounting period, full
disclosure,
materiality,
prudence,
cost
concept, matching concept and dual aspect.

Accounting Standards and IFRS (International

Financial Reporting Standards): concept and
objectives

Double entry system of accounting.

Bases of accounting - cash basis and accrual

basis.

282

describe the meaning, significance, objectives,

advantages and limitations of accounting in the
modem economic environment with varied
types of business and non-business economic
entities.
identify / recognise the individual(s) and
entities that use accounting information for
serving their needs of decision making.
explain the various terms used in accounting
and differentiate between different related
terms like current and non-current, capital and
revenue.
give examples of terms like
transaction,
liabilities,
assets,
expenditure and purchases.

business
receipts,

explain that sales/purchases include both cash

and credit sales/purchases relating to the
accounting year.
differentiate among income, profits and gains.
state the meaning of fundamental accounting
assumptions and their relevance in accounting.
describe the meaning of accounting principles
and the situation in which a principle is applied
during the accounting process.
explain the meaning
accounting standards.

and

objectives

of

appreciate that various accounting standards

developed nationally and globally are in

practice for bringing parity in the accounting

treatment of different items.

acknowledge the fact that recording of

accounting transactions follows double entry
system.
explain the bases of recording accounting
transaction and to appreciate that accrual basis
is a better basis for depicting the correct
financial position of an enterprise.

Unit-2: Accounting Process

95 Periods

Units/Topics
Recording of Transactions

Learning Outcomes
23 Periods

Accounting equation: analysis of transactions

using accounting equation.

After going through this Unit, the students will

be able to:

Rules of debit and credit: for assets, liabilities,

capital, revenue and expenses.
Origin of transactions- source documents/
supporting vouchers (invoice, cash memo, pay
in slip, cheque), debit note, credit note,
preparation of accounting vouchers - cash
(debit and credit) and non cash (transfer).
Books of original entry: format and recording Journal.

Cash book: simple cash book, cash book with

discount column and cash book with bank and
discount columns, petty cash book.
Other books: purchases book, sales book,
purchases returns book, sales returns book and
journal proper.

Preparation of Bank Reconciliation Statement,

Ledger and Trial Balance
23 Periods

Bank reconciliation statement- concept,

calculating bank balance at an accounting
date: need and preparation. Corrected cash
book balance.
Ledger - format, posting from journal, cash
book and other special purpose books,
balancing of accounts.
Trial balance: objectives and preparation
{Scope: Trial balance with balance method
only)

Depreciation, Provisions and Reserves. 16 Periods

Depreciation: concept, need and factors

affecting depreciation; methods of computation

283

explain the concept of accounting equation and

appreciate that every transaction affects
either both the sides of the equation or a
positive effect on one item and a negative
effect on another item on the same side of
accounting equation.
explain the effect of a transaction (increase or
decrease) on the concerned assets, liabilities,
capital, revenue and expenses.
appreciate that on the basis of source
documents, accounting vouchers are prepared
for recording transaction in the books of
accounts.
develop the understanding of recording of
transactions in journal.
explain the purpose of maintaining a Cash Book
and develop the skill of preparing the format of
different types of cash books and the method
of recording cash transactions in Cash book.
describe the method of recording transactions
other than cash transactions as per their
nature in different subsidiary books according
to their nature.
appreciate that at times bank balance as
indicated by cash book is different from the
bank balance as shown by the pass book / bank
statement and to reconcile both the balances,
bank reconciliation statement is prepared.
develop understanding of
reconciliation statement.

preparing

bank

appreciate that for ascertaining the position of

individual accounts, transactions are posted
from subsidiary books and journal proper into

of depreciation: straight line method, written

down value method (excluding change in
method)

Accounting treatment of depreciation: by

charging to asset account, by creating provision
for depreciation/ accumulated depreciation
account, treatment of disposal of asset.
Provisions and reserves: concept, objectives
and difference between provisions and
reserves; types of reserves- revenue reserve,
capital reserve, general reserve and specific
reserves.

Accounting for Bills of Exchange.

Bills of exchange and promissory note:

definition, features, parties, specimen and
distinction.
Important terms : term of bill, due date, days
of grace, date of maturity, discounting of bill,
endorsement of bill, bill sent for collection,
dishonor of bill, noting of bill , retirement and
renewal of a bill.
Accounting treatment of bill transactions. '

Rectification of Errors

16 Periods

the concerned accounts in the ledger and

develop the skill of ledger posting.

17 Periods

Errors: types-errors of omission, commission,

principles, and compensating; their effect on
Trial Balance.

Detection
and
rectification
preparation of suspense account.

of

errors;

state the need and objectives of preparing trial

balance and develop the skill of preparing trial
balance.
explain the necessity of providing depreciation
and develop the skill of using different
methods for computing depreciation.
understand the accounting treatment of
providing depreciation directly to the
concerned asset account or by creating
provision for depreciation account.
appreciate the method of asset disposal
through the concerned asset account or by
preparing asset disposal account.
appreciate the need for creating reserves and
also making provisions for events which may
belong to the current year but may happen in
next year.
appreciate the difference between reserve and
reserve fund.
acquire the knowledge of using bills of
exchange and promissory notes for financing
business transactions;
understand the meaning and distinctive
features of these instruments and develop the
skills of their preparation.
state the meaning of different terms used in
bills of exchange and their implication in
accounting.
explain the method of recording of bill
transactions.
appreciate that errors may be committed
during the process of accounting.
understand the meaning of different types of
errors and their effect on trial balance.
develop the skill of identification and location
of errors and their rectification and
preparation of suspense account.

Part B: Financial Accounting - II

40 Marks

Unit 3: Financial Statements of Sole Proprietorship: From Complete and Incomplete Records

40 Periods

Units/Topics

Learning Outcomes

Financial statements: objective and importance. After going through this Unit, the students will be
Trading and profit and loss account: gross able to:

284

profit, operating profit and net profit.

Balance sheet: need, grouping, marshalling of

assets and liabilities.

Adjustments in preparation of financial

statements : with respect to closing stock,
outstanding expenses, prepaid expenses,
accrued income, income received in advance,
depreciation, bad debts, provision for doubtful
debts, provision for discount on debtors,
abnormal loss, goods taken for personal use,
goods distributed as free samples and managers
commission.
Preparation of Trading and Profit and Loss
account
and
Balance
Sheet
of
sole
proprietorship.

Incomplete records: uses and limitations.

Ascertainment of profit/loss by statement of
affairs method.

describe the meaning of financial statements

and the purpose they serve.
state the meaning of gross profit, operating
profit and net profit and develop the skill of
preparing trading and profit and loss account.
explain the need for preparing balance sheet.
understand the technique of marshalling of
assets and liabilities.
appreciate that there may be certain items
other than those shown in trial balance which
may need adjustments while preparing financial
statements.
develop the knowledge and understanding to do
adjustments for items and their presentation in
financial statements like depreciation, closing
stock, provisions etc.
develop the understanding of preparation of
trading and profit and loss account and balance
sheet.
state the meaning of incomplete records and
their uses and limitations.
develop the skill of computation of profit / loss
using the statement of affairs method.

Unit 4: Financial Statements of Not-for-Profit Organizations

Units/Topics

30 Periods
Learning Outcomes

Not-for-profit organizations: concept.

Receipts and Payments Account: features and
preparation.
Income and Expenditure Account: features,
preparation of income and expenditure account
and balance sheet from the given receipts and
payments account with additional information.

After going through this Unit, the students will be

able to:

Scope:
(i) Adjustments in a question should not exceed 3

or 4 in number and restricted to subscriptions,

consumption of consumables and sale of
assets/ old material.

(ii) Entrance/

admission fees and general

donations are to be treated as revenue
receipts.

(iii) Trading Account of incidental activities is not

to be prepared.

285

state the meaning of a Not-for-profit

organisation and its distinction from a profit
making entity.
describe the meaning of receipts and payments
account, its features and develop the
understanding that only cash transactions
concerning current, past & future periods
whether of revenue or capital nature are
recorded in receipts and payments account.
develop the skill of preparing receipts and
payments account.
explain the meaning of income and expenditure
account and its features.
develop the understanding of preparing income
and expenditure account and balance sheet of a
not-for-profit organisation with the help of
given receipts and payments account and
additional information.

Unit 5: Computers in Accounting

20 Periods

Units/Topics

Learning Outcomes

Introduction to computer and accounting

information system {AIS}: Introduction to
computers (elements, capabilities, limitations
of computer system),
Introduction to operating software, utility
software and application software. Introduction
to accounting information system (AIS) as a part
of MIS

After going through this Unit, the students will be

able to:

Automation of accounting process: meaning

Stages in automation: (a) Accounting process in
a computerised environment; comparison
between manual accounting process and
computerised accounting process, (b) Sourcing
of accounting software; kinds of software:
readymade software; customised software and
tailor-made software; generic considerations
before sourcing accounting software (c)
creation of account groups and hierarchy (d)
generation of reports - trial balance, profit and
loss account and balance sheet.

Scope:
(i) The scope of the unit is to understand
accounting as an information system for the
generation of accounting information and
preparation of accounting reports.

(ii) It is presumed that the working knowledge of

any appropriate accounting software will be
given to the students to help them learn basic
accounting operations on computers. For this,
the teachers may refer to Chapter 4 of Class XII
NCERT textbook on Computerized Accounting
System.

Part C: Project Work (Any One)

state the meaning of components

computer, capabilities and limitations.

of

state the meaning of accounting information

system.
appreciate the need for use of computers in
accounting leading to automation of accounting
process for designing accounting reports and
MIS.
Develop the technique of data exchange with
other information systems.
develop the understanding of comparing the
manual and computerized accounting process
and appreciate the advantages and limitations
of automation.
develop the knowledge of different styles of
computerized accounting.
explain the understanding of database system
and its related concepts in context of
accounting system.
describe the meaning of electronic spreadsheet
and develop the understanding of using the
spreadsheet.
develop the skill of preparing graphs, charts
and diagrams using electronic spreadsheet.

10 Marks 30 Periods

1. Collection of source documents, preparation of vouchers, recording of transactions with the help of
vouchers.
2.

Preparation of Bank Reconciliation Statement with the given cash book and the pass book with twenty to
twenty-five transactions.

3.

Comprehensive project starting with journal entries regarding any sole proprietorship business, posting
them to the ledger and preparation of Trial balance. The students will then prepare Trading and Profit
and Loss Account and Balance Sheet on the basis of the prepared trial balance. Expenses, incomes and
profit (loss), assets and liabilities are to be depicted using pie chart / bar diagram.

Note: The Board has introduced Learning Outcomes in the syllabus to motivate students to constantly
explore all levels of learning. However these are only indicative. These do not in any way restrict the scope

286

of questions being asked in the examinations. The examination questions will be strictly based on the
prescribed question paper design and syllabus.

Suggested Question Paper Design Accountancy (Code No. 055) Class XI (2015-16)
March 2016 Examination
Marks 90
S.

Duration: 3 hrs.
Typology of Questions

No.

Very
Short
Answer
1 Mark

Short

Short

Long

Long

Answer

Answer

Answer

Answer

II

II

3 Marks

4 Marks

6 Marks

8 Marks

Marks

Remembering - (Knowledge
based simple recall questions, to
know specific facts, terms,
concepts, principles, or theories;
identify, define, or recite,
information)

18

20%

Understanding - (Comprehension
- to be familiar with meaning and
to understand conceptually,
interpret, compare, contrast,
explain, paraphrase, or interpret
information)

27

30%

Application - (Use abstract

information in concrete
situation, to apply knowledge to
new situations; Use given content
to interpret a situation, provide
an example, or solve a problem)

22

25%

18

20%

5%

6x1=6

6x3=18

5x4=20

5x6=30

2x8=16

90
(24)

100

High Order Thinking Skills -

(Analysis & Synthesis- Classify,

compare, contrast, or
differentiate between different
pieces of information; Organize
and/or integrate unique pieces of
information from a variety of
sources)
Evaluation - (Appraise, judge,
and/or justify the value or worth
of a decision or outcome, or to
predict outcomes based on
values)
TOTAL

100%
Note: Scheme of options: All questions carrying 8 marks will have internal choice.

287

Accountancy (Code No. 055)

Class-XII (2015-16)
One Paper

Theory: 80 Marks
3 Hours

Units
Part A

Part B

Part C

Periods

Marks

Unit 1. Accounting for Partnership Firms

90

35

Unit 2. Accounting for Companies

60

25

150

60

Unit 3. Analysis of Financial Statements

30

12

Unit 4. Cash Flow Statement

20

50

20

40

20

Unit 3. Computerized Accounting

60

20

Practical Work

26

20

Accounting for Partnership Firms and Companies

Financial Statement Analysis

Project Work
Project work will include:
Project File

4 Marks

Written Test

12 Marks (One Hour)

Viva Voce

4 Marks
OR

Part B

Part C

Computerized Accounting

Practical work will include:

Practical File 4 Marks
Practical Examination 12 Marks (One Hour)
Viva Voce 4 Marks

Part A: Accounting for Partnership Firms and Companies

60 Marks 150 Periods

Unit 1: Accounting for Partnership Firms

90 periods

Units/Topics

Learning Outcomes

Partnership: features, Partnership Deed.

After going through this Unit, the students will be

Provisions of the Indian Partnership Act 1932 in

the absence of partnership deed.

able to:

Fixed
v/s
fluctuating
capital
accounts.Preparation of Profit and Loss
Appropriation account- division of profit among

288

state the meaning of partnership, partnership

firm and partnership deed.
describe the characteristic features of
partnership and the contents of partnership

partners, guarantee of profits.

deed.

Past adjustments (relating to interest on

capital, interest on drawing, salary and profit
sharing ratio).

explain the significance of provision of

Partnership Act in the absence of partnership
deed.

Goodwill: nature, factors affecting and

methods of valuation - average profit, super
profit and capitalization.

Differentiate between fixed and fluctuating

capital, outline the process and develop the
understanding of preparation of Profit and Loss
Appropriation Account.

Scope: Interest on partner's loan is to be treated

as a charge against profits.

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
reassessment of liabilities and treatment of
reserves and accumulated profits. Preparation
of revaluation account and balance sheet.
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 reassessment 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 reassessment 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 partners share of
profit till the date of death. Preparation of
deceased partners capital account, executors
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)).

Note:
(i) The realized value of each asset must be given
at the time of dissolution.

289

develop the understanding of making past

adjustments.
state the meaning, nature and factors affecting
goodwill
develop the understanding of valuation of
goodwill using different methods of valuation
of goodwill.
describe the meaning of sacrificing ratio,
gaining ratio and the change in profit sharing
ratio among existing partners.
develop the understanding of accounting
treatment of assets and re-assessment of
liabilities and treatment of reserves and
accumulated profits by preparing revaluation
account and balance sheet.
explain the effect of change in profit sharing
ratio on admission of a new partner.
develop the understanding of treatment of
goodwill as per AS-26, treatment of revaluation
of assets and re-assessment of liabilities,
treatment of reserves and accumulated profits,
adjustment of capital accounts and preparation
of balance sheet of the new firm.
explain the effect of retirement / death of a
partner on change in profit sharing ratio.
state the meaning of sacrificing ratio.
develop the understanding of accounting
treatment of goodwill, revaluation of assets
and re-assessment of liabilities and adjustment
of accumulated profits and reserves on
retirement / death of a partner and capital
adjustment.
develop the skill of calculation of deceased
partner's share till the time of his death and
prepare deceased partner's executor's account.
discuss the preparation of the capital accounts
of the remaining partners and the balance
sheet of the firm after retirement / death of a
partner.

(ii) In case, the realization expenses are borne by a

partner, clear indication should be given
regarding the payment thereof.

understand the situations under which a

partnership firm can be dissolved.
develop the understanding of preparation of
realisation account and other related accounts.

Unit-2 Accounting for Companies

60 Periods

Units/Topics

Learning Outcomes

Accounting for Share Capital

After going through this Unit, the students will

be able to:

Share and share capital: nature and types.

Accounting for share capital: issue and
allotment of equity shares, private placement
of shares, Employee Stock Option Plan (ESOP).
Public subscription of shares - over subscription
and under subscription of shares; issue at par
and at premium, calls in advance and arrears
(excluding interest), issue of shares for
consideration other than cash.

Accounting treatment of forfeiture and re-issue

of shares.
Disclosure of share
Balance Sheet.

capital

in

companys

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
ex-interest and cum-interest). Creation of
Debenture Redemption Reserve.

Note: Related sections of the Indian Companies Act,

2013 will apply.

state the meaning of share and share capital

and differentiate between equity shares and
preference shares and different types of share
capital.
understand the meaning of private placement
of shares.
explain the accounting treatment of share
capital transactions regarding issue of shares.
develop the understanding of accounting
treatment of forfeiture and re-issue of
forfeited shares.
describe the presentation of share capital in
the balance sheet of the company as per
schedule III part I of the Companies Act 2013.
explain the accounting treatment of different
categories of transactions related to issue of
debentures.
develop the skill of calculating interest on
debentures and its accounting treatment.
state the
debentures.

meaning

of

redemption

of

develop the understanding of accounting

treatment
of
transactions
related
to
redemption of debentures.

Part B: Financial Statement Analysis

20 Marks

Unit 3: Analysis of Financial Statements

30 Periods

Financial statements of a company:

Statement of Profit and Loss and Balance
Sheet in the prescribed form with major
headings and sub headings (as per Schedule
III to the Companies Act, 2013).

Scope: Exceptional items, extraordinary items

and profit (loss) from discontinued operations
are excluded.

After going through this Unit, the students will be

able to:

290

develop the understanding of major headings

and sub-headings (as per Schedule III to the
Companies Act, 2013) of balance sheet as per
the prescribed norms / formats.
state the meaning, objectives and limitations of
financial statement analysis.

Financial Statement Analysis: Objectives,

importance and limitations.

Tools for Financial Statement Analysis:

Comparative statements, common size

statements, cash flow analysis, ratio
analysis.

Accounting Ratios: Objectives, classification

and computation.

Liquidity Ratios: Current ratio and Quick ratio.

Solvency Ratios: Debt to Equity Ratio, Total
Asset to Debt Ratio, Proprietary Ratio and
Interest Coverage Ratio.

Activity Ratios: Inventory Turnover Ratio, Trade

Receivables Turnover Ratio, Trade Payables
Turnover Ratio and Working Capital Turnover
Ratio.

Profitability Ratios: Gross Profit Ratio, Operating

Ratio, Operating Profit Ratio, Net Profit Ratio and
Return on Investment.

describe the meaning of different tools of

'financial statements analysis'.
develop the understanding of preparation of
comparative and common size financial
statements.
know the meaning, objectives and significance
of different types of ratios.
develop the understanding of computation of
current ratio and quick ratio.
develop the skill of computation of debt equity
ratio, total asset to debt ratio, proprietary ratio
and interest coverage ratio.
develop the skill of computation of inventory
turnover ratio, trade receivables and trade
payables ratio and capital turnover ratio.
develop the skill of computation of gross profit
ratio, operating ratio, operating profit ratio, net
profit ratio and return on investment.

Unit 4: Cash Flow Statement

Meaning, objectives and preparation (as per AS

3 (Revised) (Indirect Method only)

Scope:

20 Peiods
After going through this Unit, the students will
be able to:

(i) Adjustments relating to depreciation and

amortization, profit or loss on sale of assets

including investments, dividend (both final
and interim) and tax.

state the meaning and objectives of cash flow

statement.
develop the understanding of preparation of
Cash Flow Statement using indirect method as
per AS 3 with given adjustments.

(ii) Bank overdraft and cash credit to be treated

as short term borrowings.

(iii) Current Investments to be taken as Marketable

securities unless otherwise specified.

Project Work

20 Marks 40 Periods

Note: Kindly refer to the Guidelines published by the CBSE.

OR

Part B: Computerised Accounting

20 Marks 60 Periods

Unit 3: Computerised Accounting

Overview of Computerised Accounting System.

Introduction: Application in Accounting.

Features of Computerised Accounting System.

Structure of CAS.

291

Software Packages: Generic; Specific; Tailored.

Accounting Application of Electronic Spreadsheet.

Concept of electronic spreadsheet.
Features offered by electronic spreadsheet.
Application in generating accounting information - bank reconciliation statement; asset accounting; loan
repayment of loan schedule, ratio analysis
Data representation- graphs, charts and diagrams.
Using Computerized Accounting System.
Steps in installation of CAS, codification and Hierarchy of account heads, creation of accounts.
Data: Entry, validation and verification.
Adjusting entries, preparation of balance sheet, profit and loss account with closing entries and opening
entries. Need and security features of the system.
Database Management System (DBMS)
Concept and Features of DBMS.
DBMS in Business Application.
Generating Accounting Information - Payroll.

Part C: Practical Work

20 Marks 26 Periods

Please refer to the guidelines published by CBSE.

Prescribed Books:
Financial Accounting -I

Class XI

NCERT Publication

Accountancy -II

Class XI

NCERT Publication

Accountancy -1

Class XII

NCERT Publication

Accountancy -II

Class XII

NCERT Publication

292

Suggested Question Paper Design

Accountancy (Code No. 055)
Class XII (2015-16) March 2016 Examination
One Paper

Theory: 80 Marks
Duration: 3 hrs.

S.

Typology of Questions

Short

Short
Answer

Answer

II

II

1 Mark

3 Marks

4 Marks

6 Marks

8 Marks

1.

Remembering - (Knowledge based

Simple recall questions, to know
specific facts, terms, concepts,
principles, or theories; Identify,
define, or recite, information)

16

20%

2.

Understanding - (Comprehension to be familiar with meaning and to

understand conceptually,
interpret, compare, contrast,
explain, paraphrase, or interpret
information)

24

30%

3.

Application - (Use abstract

information in concrete situation,
to apply knowledge to new
situations; Use given content to
interpret a situation, provide an
example, or solve a problem)

20

25%

4.

High Order Thinking Skills (Analysis & Synthesis- Classify,

compare, contrast, or
differentiate between different
pieces of information; Organize
and/or integrate unique pieces of
information)

16

20%

04

05%

8x1=8

4x3=12

5x4=20

4x6=24

2x8=16

No.

5.

Evaluation - (Appraise, judge,

and/or justify the value or worth
of a decision or outcome, or to
predict outcomes based on values)

Very

Short

Long

Long

Answer

Answer

Answer

Marks

80(23)
TOTAL

+20
Projec
ts

100
%

Scheme of options: All questions carrying 8 marks will have an internal choice.
Note: The Board has introduced Learning Outcomes in the syllabus to motivate students to constantly
explore all levels of learning. However these are only indicative. These do not in any way restrict the scope
of questions asked in the examinations. The examination questions will be strictly based on the prescribed
question paper design and syllabus

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