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HindustanTimes Fri,24 Oct 2014
Be on top of the numbers
Nitin Sharma, Hindustan Times
New Delhi, January 08, 2013
First Published: 17:31 IST(8/1/2013)
Last Updated: 15:26 IST(9/1/2013)

The Class 12 accountancy board paper is divided into three sections, Section A (60 marks) is compulsory and out of Sections B and C (20 marks), a student can choose any one section. You will have a practical examination for the remaining 20 marks.

Section A covers accounting for partnership firms and companies, Section B is based on analysis of financial statements and Section C deals with computerised accounting system, accounting using database management system and accounting applications of electronic spreadsheet.

As Schedule VI to The Companies Act, 1956, has been revised and the revised format has been adopted by the Central Board of Secondary Education (CBSE), there are major changes in Section B. Usually, the majority of the students opt for this section but this time you have to be very vigilant while preparing for it. The changes will affect chapter 1 which is based on the format and chapter 3 which contains the method of presentation of comparative statements and common size statements. In chapters 4 and 5 - ratio analysis and cash flow statement - there is no change in solving the question but the question will be according to the revised format. So, you should have a thorough understanding of the revised format.

In Section A, which has 75% weightage of this paper, partnership accounts carries 35 marks and remaining 25 marks are for company accounts. From both the topics, there will be a long question of eight marks and you will have an internal choice between the two. To score eight on eight, make your choice very judiciously.

The paper includes 10 questions of one mark each which are generally theory-based. This year there will also be two questions of two marks each based on the identification of values involved in that question. Here are some tricks to score more:
* It is not at all mandatory to solve the paper in the ascending or descending order but it is always recommended you do so. 
* Always draw formats and write proper narrations even if you are required to make a single journal entry, otherwise you may be penalised up to 25% marks. 
* Do your calculations with full concentration and alertness to avoid errors.

Topper Talk
Finish the paper on time
Sidhant Anand, Bluebells Intl
Scored 92/100 in accountancy Class 12 board exam in 2012

The accountancy board exam question paper is very lengthy. You must try and finish the paper on time. Set time limits for each section, otherwise you will end up not attempting the full paper. Practise formats a lot as we tend to forget them on the final day. Note down definitions of the new terms you come across like assets, debts, liabilities, profit and loss on different cards and read them as and when you can.

As told to Gauri Kohli

Nitin Sharma, HoD (accountancy), HT Studymate, has more than 10 years of teaching experience with prestigious institutions

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