MP Board Class 12 Accountancy Syllabus 2025-26

Unit-Wise Breakdown of MP Board Class 12 Accountancy Syllabus 2025-26

The MP Board Class 12 Accountancy Syllabus, 2025-26 is structured into key units covering financial accounting, partnership, company accounts, and computerized accounting.

Part 1 Partnership Accounting

This section focuses on the fundamentals of partnership firms, reconstitution, and dissolution.

Chapter 1: Partnership Accounting: Basic Concepts

• Nature of Partnership: Definition, features, and partnership deed.
• Final Accounts: Preparation of profit and loss account and balance sheet for partnership firms.
• Adjustments: Treatment of past period adjustments and profit-sharing ratios.

Chapter 2: Reconstitution of Partnership: Admission of a Partner

• New Profit-Sharing Ratio: Calculation and implications.
• Goodwill: Valuation methods (average profit, super profit, capitalization).
• Revaluation Account: Adjustments for assets and liabilities.
• Capital Adjustments: Accounting treatment for reserves and accumulated profits.

Chapter 3: Reconstitution of Partnership: Retirement or Death of a Partner

• Settlement of Accounts: Calculation of amount due to retiring/deceased partners.
• Gaining Ratio: Determination and impact on remaining partners.
• Revaluation of Assets and Liabilities: Adjustments before reconstitution.

Chapter 4: Dissolution of Partnership Firm

• Types of Dissolution: Voluntary and compulsory dissolution.
• Realization Account: Preparation and settlement of accounts.
• Order of Payment: Priority of claims during dissolution.

Part 2 Company Accounts

This section covers share capital, debentures, financial statements, and ratio analysis.

Chapter 1: Accounting for Share Capital

• Types of Companies: Public and private companies.
• Issue of Shares: Methods (at par, premium, discount).
• Forfeiture of Shares: Accounting treatment and reissue.

Chapter 2: Issue of Debentures

• Types of Debentures: Secured, unsecured, convertible, etc.
• Accounting Entries: Issue at par, premium, and discount.
• Redemption of Debentures: Methods and gain/loss on redemption.

Chapter 3  Financial Statements of a Company

• Components: Balance sheet, profit and loss account.
• Objectives: Utility and limitations of financial statements.
• Disclosures: Notes to accounts and regulatory requirements.

Chapter 4  Accounting Ratios

• Liquidity Ratios: Current ratio, quick ratio.
• Solvency Ratios: Debt-equity ratio, interest coverage ratio.
• Profitability Ratios: Gross profit ratio, net profit ratio.

Chapter 5  Cash Flow Statement

• Classification of Activities: Operating, investing, financing.
• Preparation: Direct and indirect methods.
• Significance: Assessing cash inflows and outflows.

Project Work (20 Marks)

• Project File: Case study on partnership or company accounts.
• Viva Voce: Oral examination on accounting concepts.

Why the MP Board Class 12 Accountancy Syllabus 2025-26 Matters

1. Career Preparation: Essential for CA, CS, CMA, and B.Com.
2. Practical Skills: Hands-on experience with financial statements and ratios.
3. Competitive Exams: Covers topics for entrance tests like CA Foundation.

The MP Board Class 12 Accountancy Syllabus 2025-26 provides a robust framework for mastering accounting principles. With a balanced focus on theory and practical application, it prepares students for academic and professional success. For further guidance, explore PW Commerce Online Courses to excel in your exams.

The MP Board Class 12 Accountancy Syllabus 2025-26 provides a robust framework for mastering accounting principles. With a balanced focus on theory and practical application, it prepares students for academic and professional success. For further guidance, explore PW Commerce Online Courses to excel in your exams.

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