Overview: Have you chosen Accountancy as your domain subject in CUET 2024 but worried about how to prepare Accountancy for CUET to enter your dream college? Read this article to learn the sure-shot tricks suggested by study experts and used by CUET toppers to score 100/100 in Accountancy for CUET 2024. 

This year, for Accountancy, there have been around 1,80,795 registrations in CUET entrance exam. Staying ahead of this number needs efficient score-booster strategies to score 100/100 in the exam.

Regarding how to prepare Accountancy for CUET 2024, study in order to master your domain knowledge. Get insights into the score booster strategies and previous year paper analysis for Accountancy for CUET below!

Click to download sample papers with solutions for CUET Exam 2024 by SuperGrads

How to Prepare Accountancy for CUET 2024: Exam Highlights

Accountancy is one of the mandatory required subjects across universities in CUET 2024 for pursuing UG programmes (Commerce) such as B.Com, B. Com. (Honours) and others. 

Thorough knowledge of the CUET syllabus for Accountancy and comprehensive preparation will enable you to score maximum marks in the exam.

The CUET exam highlights for this subject are: 

• You have to attempt 40 out of 50 questions in the question paper.
• The total time allotted for the paper is 60 minutes.
• The maximum mark is 200, +5 for correct answer and -1 mark will be deducted for each wrong answer.
• Questions will be objective type (MCQs).

CUET Accountancy Syllabus

The CUET questions for Accountancy are based on 3 main units included in the syllabus for the exam. These three units are further subdivided into many other topics and chapters.

To move forward with how to prepare Accountancy for CUET, you must go through the detailed subject syllabus and have a proper understanding of it.

The three broad units covered in CUET syllabus for Accountancy are:

• Accounting for Not-for-Profit Organizations & Partnership Firms
• Company Accounts and Financial Statement Analysis.
• Computerized Accounting System.

How to Prepare Accountancy for CUET 2024? 

Preparing for Accountancy needs a clear and consistent approach. You must do your preparation after going through the score booster strategies mentioned below. 

The basics of your preparation journey are: 

1- Start with similar topics to Boards Exam 

The first step in knowing the effective strategies on how to prepare Accountancy for CUET 2024 is highlighting the common topics that are included in both CUET syllabus and board exam syllabus. 

The common topics among all state boards for Accountancy are as follows.

• Accounting For Partnership Firm
• Nature & Valuation of Goodwill
• Change In Profit Sharing Ratio
• Admission to A Partnership Firm
• Retirement of A Partnership Firm Death of A Partner
• Dissolution of A Partnership Firm
• Issue of Shares
• Issue of Debentures
• Financial Statement of A Company Financial Analysis
• Cash Flow Statement
• Accounting Ratio

You will find CUET questions for Accountancy in CUET Commerce question paper based on these topics and sub-topics. 

2- Understand the CUET exam pattern

The second step in proceeding with how to prepare Accountancy for CUET is to know the latest marking scheme and exam pattern for the CUET 2024. 

• One of the significant changes in the CUET exam pattern 2024 is that the number of one-markers has increased tremendously. 
• This will give you a definite path to walk on. You will know how to prioritize and what to prioritize.

2- Read the new topics of Accountancy for CUET 2024  

Once you are done knowing the similar topics and comfortable with the exam pattern, go for the new topics included in the CUET syllabus for Accountancy. 

Here's the list of the newly added topics as per the latest curriculum of Accountancy for CUET 2024.

• Non-Profit Organization
• Redemption Of Debentures Comparative & Common Science
• Computerized Accounting: Overview Of Computerized Accounting System
• Using a Computerized Accounting System
• Accounting Using Database Management System
• Accounting Application Of Electronic Spreadsheet

You may want to know how to prepare Accountancy for CUET for all these topics.

Here comes the latest CUET accountancy preparation book pdf, CUET previous year papers and study materials into picture. Choose the latest ones to strengthen your fundamentals. 

3- Study similar topics in both subjective and objective way 

Read, study, learn, and practice the topics of Accountancy for CUET 2024 

• For instance, if you are studying the topic ‘Cash Flow Statement,’ first understand the core concepts. 
• Practice the subjective questions. Next, go for the objective questions for CUET 2024. 
• During the revision, subjective questions will help you in core understanding and solve objective questions with more accuracy. 

4- Focus on Important Topics for Accountancy

Once you know all the topics, the exam pattern and basics of how to prepare Accountancy for CUET, mark the important or high-weightage topics that you must give extra attention. 

The important topics for this subject are: 

• Sequence of Final Accounts
• Deed Provisions
• Goodwill
• Interest on Capital
• Change in PSR
• Admission & Retirement of a Partner
• Death of a Partner
• Dissolution of Partnership
• Debentures
• Redemption of Debentures

Note - Almost 4-5 questions were asked from Computerized Accounting. So, prioritize this topic to maximize your CUET score in 2024. 

Go through CUET exam analysis to know what's in store for you. 

How to Prepare Accountancy for CUET 2024?

Follow the below-mentioned strategy to ace the Accountancy domain for CUET.

Step 1 - Concept 

Focus on conceptual learning. It will enable you to draw useful information from what you have learned and use it to grasp new topics. 

• It will help you to develop a deep understanding of how the Accountancy concepts inter-relate with each other.
• You will be able to build an exemplar that will empower you throughout their CUET preparation.

Step 2 - Practice

In the journey of how to prepare Accountancy for CUET 2024, practicing various types of practice questions from the latest books and study materials is essential. More practice will help you in time management.

• Practicing regularly helps to gain a good hold on core accounting principles.
• Practice the CUET mock tests in a real-time exam environment. Strictly adhere to the timings.
• Focus more on high-weightage topics like Partnership Accounts, Company Accounts, & Financial Statement Analysis. 

Step 3 - Accuracy through Visual learning tools

Accuracy is essential for success, providing a high level of quality and precision.

• Try to improve your speed and understanding through visual learning tools like mind maps and flowcharts for complex topics.
• And once you are confident with CUET preparation, you will be able to solve even the most challenging questions with ease. 

Step 4 - Self-Evaluation

During self-analysis, you become an active participant in your evaluation. 

• Your involvement enables you to assess your strengths and areas you need to improve.
• Analyze every mock test of CUET you attempted for at least 15 minutes. Evaluate your strengths and weaknesses.
• Note down or mark the questions in which you repeatedly face the problem.

Step 5 - Competition

All those appearing for the competitive exam are more prone to becoming nervous during the exam day. 

• Prepare yourself mentally to sit for the examination. Acquaint yourself with exam day instructions. 
• Attempt at least 5-6 mocks from latest CUET preparation books and study materials for Accountancy. every week to know your level of preparation. 
• Do not stress over what you have not studied. Try to be calm and composed. 

Step 6 - Revision

Revision is the ultimate game-changer in the last step of how to prepare Accountancy for CUET effectively. 

• When revising a piece conceptually, you must go through your short notes for easy understanding.
• Do not take up any new topic instead focus on what you have studied throughout. 

Conclusion

When you start your CUET exam preparation for Accountancy, you may target 100/100 score to be eligible for the top colleges. Thus, follow the points mentioned below regarding how to prepare Accountancy for CUET to maximize your score in the domain of Accountancy and reach your target: 

• Begin - Start your preparation as soon as possible. Understand the syllabus and mark high-weightage topics. 
• Selection - Choose the latest study resources that cover every topic for Accountancy. Prioritize the most scoring and frequently asked topics by solving more practice questions.
• Clarity - Clear your concepts because the concepts are the king. Seek expert guidance and mentorship through CUET online coaching. 
• Consistency - Being consistent means dedicating yourself to your study goals, staying focused on scoring the minimum cut-off marks, and finally making it to the final merit list for the exam.
• Believe - Believe in yourself. You know that you have done hard work and will definitely succeed.