How to prepare for Class 12 Accountancy Subject?

Accountancy is one of the most important subjects in the Class 12 board exam. If a student is going to pursue his/her career in the commerce field then it is important that the accountancy subject is conceptually clear and the student gets a good score.  

For accountancy NCERT textbook of Class 12 for Accountancy is going to be the most important book. With the NCERT textbook, it is a must that students refer to TS Grewal Class 12 Solutions for the perfect balance in their studies. Accountancy could be a difficult subject for many students. Hence students must have a plan to properly approach this subject. In this article, we will discuss how to study accountancy for Class 12 and score good marks.  

What is the exam pattern?  

The accountancy subject will have a total of 100 marks. These 100 marks are going to be divided into two exams. 80 marks will be assessed through a written exam and 20 marks will be given based on an internal/practical exam. The internal exam will be divided into three parts. The first part will be 12 marks written test, 4 marks will be a project file, 4 marks will be viva voce. In this way, an internal exam is going to be held. The written exam will have 2 sections which will be section A and section B. Section A will have 60 marks and section B will have 20 marks.   

What is the syllabus and marks weightage?  

According to the NCERT textbook, there are a total of 10 chapters. If students observe the chapters from the textbook, they can find that there are chapters based on 4 topics which are partnership, non-profit organizations, company accounts, and financial statements of companies. Partnership, non-profit organizations,a  and company accounts are from section A and financial statements of the company are from section B. Partnership concept-based chapters will hold 30 marks weightage, non-profit organizations-based chapters will hold 10 marks,  and company accounts based chapters will hold 10 marks thus making section A a total of 60 marks. Financial statements of companies will have 20 marks weightage and it is the only topic in section B making section B a total of 20 marks.   

How to cover the syllabus?  

As mentioned above there are 10 chapters in the textbook which are based on 4 basic concepts. Students are not required to prepare every chapter. According to marks weightage, students can skip some parts of the textbook. To get good marks students will have to study one chapter based on each concept. Admission of the partner is an important chapter about the partnership concept of the subject. Preparation of income and expenditure is the main topic for the non-profit organizations’ concept. The issue of debentures is the main chapter for the company accounts concept. For financial statements of companies, students will need to make the cash flow statement topic strong. Cover these chapters first and then go for other chapters. These topics listed above hold much market  value. These chapters are based on other chapters. Making these chapters your strength will get students a lot of marks.  

How to study?  

  • Conceptual Clarity – Conceptual clarity is most important. Read the theory of every chapter. Without knowing the theory, a student cannot solve any question. Know every concept from the chapter.  
  • Practice – Practice each question. Answer writing is key in the exam. After reading the theory, students must go to solve problems. Practice as many questions as you can. In the exam, well-prepared students also find it difficult to write answers due to a lack of practice in answering questions. Be it an easy or hard level question but students need to practice writing skills of questions.  
  • Questions from the textbook – Every chapter has exercise questions. Solve every question. Objective and subjective questions are important. The CBSE board exam asks many questions based on these exercise questions. If students cannot even solve exercise questions from the textbook, then it is difficult to solve board exam questions. Hence solve exercise questions first.  
  • Cover syllabus early – Covering the syllabus is important. The CBSE board class 12th exams are generally held in February or March month. Students must have enough time to revise the syllabus plenty of times and have time to solve sample papers. Students must have covered their syllabus at least till October month.  
  • Sample papers – Sample paper solving is a very important thing after studying the syllabus. Students get to see their preparation level and answer writing level in solving sample papers. After checking solved papers, analyze them. Check which chapter or concept is weaker and study that concept or chapter again. See whether the paper can be finished on time. It is important that with proper answer writing and presentation skills in the paper, the paper also must be finished at the right time. If the questions are left without attempt, strategize paper solving again. Try to improve writing speed. Most importantly with each sample paper try to rectify your mistakes  
  • Revision – Revision is important for any subject. In accountancy, students must be well acquainted with all concepts. Without knowing the concepts, it is difficult to write answers. Hence, if students revise regularly then it will be easy to solve questions in the exam.  
  • Stick to one book – If a student is referring to another book, then he/she mustn’t switch the resources constantly. Every book has almost the same content. Therefore, there is no point in switching through resources for extra content. Stick to one book and complete it. Take the valuable parts and add them to the answers. Before reading or referring to any other book, a thorough reading of the NCERT textbook is a must.  


Accountancy is not new to students. In Class 11 students were introduced to basic concepts of accountancy. Students will need to learn the advanced level of those concepts. For Class 12, the CBSE board exam holds a much higher value than Class 11. Students will need to understand the importance of this exam and study seriously. Prepare for this subject as at the end of the year you should be able to know all the concepts in depth. That will surely make an impact on your academics.  

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