There are various subject combinations offered in the commerce stream of CBSE, ICSE, and HSC boards. To get an idea about which subjects to be chosen and which combinations to be taken, we have explained Class 12 Commerce Subjects List 2021 in this post.

Under each board, the subjects have been categorized into mandatory and optional subjects. Considering your career growth and the scope of the subject, you can choose your optional subject. Scroll down to read the complete post and know the subjects included in each board for Class 12 Commerce Stream. 

12th Commerce Subjects list 2021

Accountancy, Business Studies, Economics, English are the mandatory commerce subjects in both CBSE and ICSE. Some of the common optional Class 12 Commerce Subjects among CBSE and ICSE boards are Mathematics, Informatics Practices, and Computer Science. 

The HSC Board offers optional subjects like Secretarial Practice, Informatics Practices, Mathematics, Statistics for students studying in class 12.

CBSE Class 12th Commerce Subjects

The below table lists the CBSE Class 12 Commerce Subjects.

Mandatory Subjects Optional Subjects
Accountancy Mathematics
Business Studies Physical Education
Economics Informatics Practices
English Legal Studies
- Entrepreneurship
- Regional Language

12th commerce subjects

12th commerce subjects

ICSE 12th Commerce Subjects

The list of mandatory and optional subjects offered under ICSE Commerce Subjects are as follows:

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

HSC 12th Commerce Subjects

The list of mandatory and optional class 12 commerce subjects offered to students in the HSC Board are as follows:

Mandatory and Elective Subjects Optional Subjects
English Secretarial Practice
Economics Mathematics
Organization of Commerce and Management Statistics
Book-keeping and Accountancy Banking
Environmental Science Indian and Foreign Languages
- Informatics Practices

Class 12 Commerce Subjects Combinations 2020-21

Along with the mandatory subjects, candidates need to choose the optional subjects to help with their career growth. Here is the suggestion for choosing the right combination in class 12th commerce stream:

  • Physical Education: Choosing this as an option can fetch you more marks in the exam as it is easiest among the available optional subjects.
  • Mathematics: This is a subject that helps a lot in degree. You can learn all the basic concepts in the 12th and utilize them in future studies. Understand the basic concepts well will help in scoring better.
  • Legal Studies: If you are a law aspiring candidate, then taking up this subject will really help your career. This subject completely deals with the legal issues and basics that are required for career growth.
  • Information Practices: This is a subject that deals with computer terminologies and operation handling. Taking up this as an option would be helpful for aspirants who are interested in the computer field. 

subjects in 12th Commerce

subjects in 12th Commerce

What is Class 12 Accountancy?

Accountancy is one of the most important subjects in the commerce stream for class 12 students. The subject mainly focuses on understanding the recording of business transactions and the preparation of financial statements. Those who wish to continue their studies in the commerce stream must have a stronghold over this subject in order to score higher marks. Candidates can either choose Company Accounts or Analysis of Financial Statements as their subjects in the Commerce stream.

Accountancy Topics in Class 12 Commerce

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

What is Class 12 Business Studies?

As the name suggests, business studies are one of the 12th Commerce Subjects that helps students understand and grasp important concepts of business management, best practices, and principles of management, etc. The syllabus is divided into three parts that are principles and Functions of Management, Business Finance, and Marketing and Project Work.

Business Studies Topics in Class 12 Commerce

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

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

What is Class 12 Economics?

Those who opt for the commerce stream in class 12 are required to study economics. The students learn important aspects and concepts covered in economics and have an overview of Indian and other economies' function.

Economics Topics in Class 12 Commerce

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 behavior: 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

What is Class 12 English?

English is an important subject in 12th Commerce Subjects in order to increase their communication and proficiency skills in the language. English is a globally renowned language, hence, students are prepared well accordingly. The important focus areas of the subject are Reading Comprehension, Writing Skills & Grammar, Literature & Long Reading.

What is Class 12 Mathematics?

Students who combine Mathematics with other 12th Commerce Subjects can go on to become CA, CS, CMA, etc. they can also opt for B.Com (Hons.), Economics (Hons.), and many other subjects as choices for undergraduate programs.

Mathematics Topics in Class 12 Commerce 2020-21

The important concepts covered in Mathematics subjects are:

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

Class 12 Physical Education

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

Physical Education Topics in Class 12 Commerce 2020-21

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

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

12th commerce subject list

12th commerce subject list

Information Practices and Computer Science

Information practices or computer science are great optional under 12th Commerce Subjects for students who wish to get into the data and analytics field.

Information Practices Topics in Class 12 Commerce 2020-21

The major topics covered in these subjects are:

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

What is Class 12 Legal Studies?

Some boards also offer students an option to opt for Legal studies in class 12 under the commerce stream. Those who wish to pursue law in the future can opt for this subject.

Legal Studies Topics in Class 21 Commerce 2020-21

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

What is Class 12 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.

Entrepreneurship Topics in Class 12 Commerce 2020-21

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 of an Enterprise
  • Basic Qualities of a sound Enterprise

Other languages

For students who are interested in learning new and different languages of Indian and foreign lands can opt for other languages. Some of the languages offered are:

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

Recommended Class 12th Commerce Subjects Combinations

There are various combinations that can be chosen with Commerce during Class 11 and 12. Here are a few combination recommendations for Class 12 Commerce students. 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. Candidates can MBA in Finance as their career which has a great future. MBA is one of the leading courses after graduation. It is a great choice if any student takes up Maths as their 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 fastly 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. Candidates can pursue MCA as their post-graduation if they have taken up IP in their class 12th Commerce stream. 
  • Commerce with Legal Studies: As the combinations say, the subject involves law as their main priority. There are candidates who are interested in the legal field. If you wish to become a lawyer with commerce knowledge, then take up Commerce with Legal Studies as the combination. You can pursue various graduation like LLB course in law along with Commerce. 

Scope After Commerce in Class 12

The Commerce stream has various opportunities and good career growth. Students can choose any of the courses further to pursue their graduation. One of the common queries that each student has after 12th is whether to choose courses with Maths or without Maths? 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)

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


Which are the subjects in 12th commerce?

The subjects covered in Class 12 for commerce students include, Accountancy, English, Business Studies and Economics. Along with this students have to choose optional subjects from a range of subjects available.

How many subjects in commerce 12th?

In CBSE board, there are 5 subjects in commerce class 12. In ICSE, students have to take 6 subjects. Those appearing will have to take 7 subjects out of which environmental studies will not be conducted as theoretical exams.

Which is the most important subject of commerce for the 12th?

The main subjects in commerce stream are Accountancy, Economics, Business Studies and English. Students must score good marks in these subjects.

What is the hardest subject in commerce in class 12?

There is no hard subject as such. However, students will have to rigorously practice for the main subjects including Accountancy and Economics since they are highly dependent on calculations and statistics.

Is commerce with Maths difficult?

It is not. However, if you are aiming for a career in CA, CS, or anything in finances, you must have studied Mathematics in Class 12. For those who opt for other subjects may find it difficult to pursue these as career options.

What are the optional Subjects in Commerce?

Students can opt for different languages, mathematics, Information Practices/CS, Physical Education, etc. along with main subjects in commerce in class 12.