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12th Commerce Subjects List 2024 [CBSE & ICSE Boards]

Author : Palak Khanna

Updated On : September 17, 2023


Summary: Are you gearing up for your 12th-grade studies in commerce? This article provides a comprehensive list of 12th Commerce Subjects for CBSE and ISCE boards in 2024, along with valuable preparation tips to help you make informed choices and excel in your academic journey.

Choosing the right subjects for your 12th-grade studies is a crucial decision that sets the foundation for your future academic and career pursuits.

If you're planning to pursue commerce in 2024, you need to have a clear understanding of the available subject choices and how they align with your interests and career goals.

In this article, we'll provide you with a detailed list of 12th Commerce Subjects for CBSE (Central Board of Secondary Education) and ISCE (Indian Certificate of Secondary Education) boards in 2024.

We'll also offer valuable preparation tips to help you succeed in your chosen 12th Commerce Subjects List 2024.

What are 12th Commerce Subjects List 2024?

CBSE board offers mandatory subjects as well as optional subjects for students studying in class 12. You can choose your desired optional subject based on your interest.

Check out the table below to know the CBSE Class 12 Commerce Subjects List.

12th commerce subject code - BUSINESS STUDIES (Code No. 054)

12th Commerce Subject List - Mandatory Subjects 12th Subject List Commerce - Optional Subjects
Accountancy Mathematics
Business Studies Physical Education
Economics Informatics Practices
English Legal Studies
- Entrepreneurship
- Regional Language

Check: Deleted CBSE Class 12 Commerce Syllabus

What are ICSE 12th Commerce Subjects?

The list of mandatory and optional subjects offered under ICSE 12th commerce subjects is as follows:

CBSE 12th Commerce Subjects - Mandatory and Elective Subjects Commerce Stream Subjects in 12th - Optional Subjects
English Indian/Modern Foreign/Classical Languages
Economics Political Science
Commerce Computer Science
Accountancy Mathematics
Business Studies Physical Education
- Indian Music
- Art

Check: CBSE Class 12 Commerce Syllabus

12th Commerce Subjects (CBSE & ICSE)

Here is the list of mandatory commerce subject 12th class of both CBSE and ICSE boards. Go through the 12th Commerce subject name and its importance from the post below.

1. Accountancy

Accountancy is one of the most important subjects in the commerce stream. The subject mainly focuses on understanding the recording of business transactions and the preparation of financial statements.

If you wish to continue your studies in the commerce stream, then you must have a stronghold over this subject in order to score higher marks. You can either choose Company Accounts or Analysis of Financial Statements in your class 12.

The most important concepts covered in the Class 12 Accountancy Syllabus are:

  • Receipt & Payment A/c
  • Income & Expenditure A/c
  • Balance Sheet
  • Accounting for Partnership

2. Business Studies

This subject helps you to understand and grasp important concepts of business management, best practices, principles of management, etc. The syllabus is divided into principles and Functions of Management, Business Finance and Marketing, and Project Work.

The important topics covered in the Class 12 Business Studies Syllabus are:

  • Planning
  • Organizing and Staffing
  • Directing
  • Controlling
  • Business Finance and Marketing

Check: CBSE 12th Commerce Books 

3. Economics

In class 12, you will learn important aspects and concepts covered in economics and have an overview of Indian and other economies' functions.

The topics covered in the Class 12 Economics Syllabus are divided into Macroeconomics and Microeconomics.


  • Introduction, simple economy, a market economy, organization of economic activities, etc.
  • Theory of Consumer behaviour: the law of demand, shifts in the demand curve, elasticity, etc.
  • Production & Costs: Law of Diminishing Marginal Product, Law of Variable Proportions, returns to scale, short-run & long-run costs, etc.
  • Market Equilibrium & non-competitive markets.


  • Introduction & Concepts
  • National Income Accounting
  • Money & Banking
  • Government budget & economy
  • Balance of Payments: Current Account & Capital account, Surplus & Deficit
  • Foreign Exchange Market

Check: How to Study Business Studies for Class 12 CBSE

4. English

English is a globally renowned language. It is an important subject in 12th Commerce Subjects in order to increase your communication and proficiency skills in the language.

The important focus areas of the subject are Reading Comprehension, Writing Skills and grammar, Literature and long Reading.

12th Commerce Subjects List 2024

Apart from the core subjects, you can opt for any one of the following subjects in your class 12.

  • Mathematics
  • Physical Education
  • Information practices/computer science
  • Legal Studies
  • Entrepreneurship
  • Other languages

Check: Class 12 Business Studies Project Topics CBSE 

1. Mathematics

You can choose your career as a CA, CS, CMA, etc. if you opt for Mathematics in your class 12. Also, you can opt for B.Com (Hons.), Economics (Hons.), and many other subjects as choices for undergraduate programs.

The important concepts covered in Mathematics subjects are:

  • Relations and Functions
  • Inverse Trigonometric Functions
  • Matrices
  • Determinants
  • Continuity and Differentiability

Check: CBSE Class 12 Business Studies Viva Questions 

2. Physical Education

Another popular subject that comes in the list of additional subjects includes Physical education. You can opt for this subject if you wish to get into sports, health, nutrition, or fitness streams

The main topics covered in Physical Education in the Class 12 commerce stream are as follows:

  • Planning in Sports
  • Sports & Nutrition
  • Yoga & Lifestyle
  • Physical Education & Sports for CWSN (Children with Special Needs - Divyang)

Check: CBSE Class 12 Business Studies Syllabus 

3. Information Practices and Computer Science

This subject gives a deep understanding of how data is processed beyond computer applications to form usable information. Information practices or computer science are great optional under 12th Commerce Subjects for those who wish to get into the data and analytics field.

The major topics covered in these subjects are:

  • Python Pandas
  • Numpy
  • Plotting with Pyplot
  • Introduction to software engineering.

4. Legal Studies

You can opt for legal studies in class 12 if you wish to pursue law in the future can opt for this subject.

The main topics covered in this class 12 commerce subjects are:

  • Constitution, Roles, and Impartiality
  • Funding
  • Introduction to International Law
  • Sources of International Law
  • International Institutions
  • International Human Rights

Check: CBSE Class 12 Business Studies

5. Entrepreneurship

Those who are interested in setting up their own business or want to expand businesses in the future can opt for entrepreneurship as an optional subject.

The main topics in these subjects are:

  • Sensing Entrepreneurial Opportunities
  • Environment
  • Scanning Market Assessment
  • Identification of Entrepreneurial Opportunities
  • Selection of an Enterprise
  • Steps in Setting up an Enterprise
  • Basic Qualities of a Sound Enterprise

Check: How to Apply for Rechecking in CBSE Class 12

6. Other languages

If you are interested in learning new and different languages of Indian and foreign lands, then you can opt for other languages. Some of the languages offered are:

  • Hindi
  • Punjabi
  • Bengali
  • Gujarati
  • Tamil
  • Telugu
  • Urdu
  • Malayalam
  • Kannada
  • French
  • Spanish
  • German
  • Chinese

Check: CBSE Class 12 Computer Science Exam Pattern 

Class 12th Commerce Subjects Combinations: Recommended

There are various combinations that can be chosen with Commerce during Class 11 and 12. Here are a few combination recommendations for Class 12th Commerce. Ensure to choose the combinations wisely so that you can have a bright career.

  • Commerce with Maths: Maths is one of the important class 12 commerce subjects and has numerous opportunities. You can do an MBA in Finance as your career, which has a great future. MBA is one of the leading courses after graduation. It is a great choice if you take up Maths in combination with Commerce. If you are an aspirant interested in Maths, then go with choosing this combination. Apart from MBA, there are various other career opportunities. 
  • Commerce with IP:  Information Practices is a subject involving Computer Applications. Software is one of the fastest-growing careers across the world. There are huge opportunities for IP. If you have chosen Commerce with IP then you must be keen to learn things in depth. It is just enough for interest in Computers, but it requires strong computer knowledge. You can pursue MCA as your post-graduation if you have taken up IP in your class 12th Commerce stream. 
  • Commerce with Legal Studies: As the combinations say, the subject involves law as the main priority. If you wish to become a lawyer with commerce knowledge, then take up Commerce with Legal Studies as a combination. You can pursue various graduation like LLB courses in law along with Commerce. 

Check: CBSE Class 12 Computer Science SQL Questions

Scope After Commerce in Class 12

The Commerce stream has various opportunities and good career growth. You can choose any of the courses further to pursue your graduation. However, if you are still having doubts while choosing the stream, go through courses after 12th commerce that help you to identify your goals and which stream to pursue. Some of the commonly chosen Courses after class 12 are:

  • Bachelor of Commerce (B.Com)
  • Bachelor of Management Studies (BMS)
  • Bachelor of Business Studies (BBS)
  • Bachelor in Business Administration (BBA)
  • Master of Commerce (M.Com)
  • Master in Business Administration (MBA); Business, Operations; Finance;  Marketing; Banking; HR
  • Chartered Accountancy (CA)
  • Chartered Financial Analyst Program (CFA)
  • Company Secretary Program (CS)

Check: CBSE Class 12 Computer Science Books 

NCERT Commerce Books Class 12

Here are the Class 12 Books Commerce -

  • Accountancy Textbook Not-for-Profit Organisation and Partnership Accounts for Class 12th 
  • Accountancy Textbook Company Accounts and Analysis of Financial Statements for Class - 12    
  • Business Studies Part - 1 Principles and Functions of Management for Class - 12
  • Business Studies Part - II Business Finance and Marketing for Class - 12    
  • Part A Double Entry Book Keeping by TS Grewal
  • Part B Analysis of Financial Statements by TS Grewal


Based on the merit list in 12th, you can opt for any course in your graduation. There are many top colleges offering these above-listed courses after the 12th. After these courses, you can join either government or private organizations. Some of the major industries for commerce graduates are Banking, Insurance, Accounts, Management, Investment, and many more. 

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