Central Board of Secondary Education (CBSE) and The Indian Certificate of Secondary Education (ICSE) board follow different patterns for Accounts Class 12 Board exam. But tips for accountancy class 12 board exam remains quite similar for preparation of both the board exams.

In this article following topics are discussed to give a strategic plan for preparing for Class 12 Board exams:

• Topic-wise Marks distribution and blueprint of revised syllabus of CBSE and ICSE boards.
• Sample important questions with answers and marks distribution. To get an idea about how to write answers to the point according to marks distribution.
• Sample solved questions are provided for CBSE and ICSE in different sections.
• Important tips for starting the preparation, tips for accountancy class 12 board exam to follow one month before the main exam, and tips to follow during the exams are bonus points of this article.
• Some of the frequently asked questions like which books to refer to and how to score 100 in accountancy subjects are discussed in the last portion of the article.

Marks distribution strategy for Class 12 Accounts

Both the ICSE and CBSE boards conduct one theory paper and a practical examination for Accounts subject with a weightage of 80 and 20 marks respectively.

Time allowance for theory exam is of 3 hours and for practical examination, the one-hour time duration is permitted.

CBSE Class 12 Accounts blueprint

CBSE Board and ICSE board exam pattern are slightly different. In CBSE boards, each section carries the similar types of questions based on the unit-wise weightage of each unit. CBSE does not have any certain limits on choices provided among questions.

Section	Topics	Marks
Part A	Accounting for Not-for-Profit Organizations, Partnership Firms and Companies
	Unit 1. Financial Statements of Not-for-Profit Organizations	10
	Unit 2. Accounting for Partnership Firms	20
	Unit 3. Accounting for Companies	30
	Total	60
Part B	Financial Statement Analysis
	Unit 4. Analysis of Financial Statements	12
	Unit 5. Cash Flow Statement	08
	Total	20
Part C	Project Work	20
Project work will include:
	Project File	4
	Written Test	12
	Viva Voce	4
Or
Part B	Computerized Accounting
	Unit 4. Computerized Accounting	20
Part C	Practical Work	20
Practical Work will include:
	Practical File	4
	Practical Examination	12
	Viva Voce	4

ICSE Class 12 Accounts Blueprint

In ICSE boards, Section A is the top priority section in the complete syllabus. As there are no choices available in this section. The only option available for ICSE board students is between section C and section B. Students are given the choice to choose any one section from section C and section B and attempt any two out of three questions from the preferred section.

Section	Topics	Marks
Section A	Part I: short answer questions, testing knowledge, application and skills relating to elementary/fundamental aspects of the entire syllabus.	40
	Part II: Candidates will be required to answer four questions out of seven from this part.	20
	Total	60
Section B	Two questions out of three questions (10 marks each) are required to be attempted if this is the preferred section	20
Section C	Two questions out of three questions (10 marks each) are required to be attempted if this is the preferred section	20
Section D	Practical Work	20
Practical Work will include
Practical File		4
Practical Examination		12
iva Voce		4

Sample Questions with Answers

Sample papers along with their solutions and marking scheme is available on the official website of CBSE (www.cbse.nic.in) as well as on ICSE boards www.cisce.org. Some of the subject expert’s recommended questions along with their answers and marking scheme is discussed below, to get an overview of the question paper of the revised syllabus and how to answer them according to the marking scheme.

CBSE Sample Questions 

Que1: Which of the following items is not dealt through Profit and Loss Appropriation Account? Mark: 1

1. Interest on Partner’s Loan 
2. Partner’s Salary 
3. Interest on Partner’s Capital 
4. Partner's Commission

Ans: a. Interest on Partner’s Loan 

Que2: Sports Star Charitable club has income of ` 16,000 and ‘deficit’ debited to capital fund of ` 4,300 for the year 2019- 20, then expenditure for the year 2019-20 is: Mark: 1

1. 11,700 
2. 4,300
3. 20,300 
4. None of these

Ans: c. 20,300

Que3: From the following information, calculate the amount to be charged to Income and Expenditure Account for 'Sports material consumed' for the year 2019-20. Mark: 3

Particulars	Amounts()
Stock of Sports material (01-04-2019)	60000
Amount paid to creditors (during 2019-20)	3,00,000
Creditors for Sports Materials (01-04-2019)	1,00,000
Creditors for Sports Materials (31-03-2020)	80000
Sports Material sold During the year (Book Value Rs.35,000)	15000
Cash Purchases of Sports Material (During the Year 2019-20)	1,30,000

There was zero stock at the end of the financial year 2019-20. Ans: Dr. Creditors for Sports Materials A/c Cr. 

Particulars	Amount	Particulars	Amount
To Bank/Cash A/c To Balance C/d	300000 80000	By Balance b/d By Vendors (Credit purchase of sports material)	100000 280000
	380000		380000

Table for calculation of Sports Material Consumed:

Credit Purchase of Sports Material Add: Cash Purchase of Sports material Add: Stock of Sports material (01-04-2019) Less: Book Value Of sports material sold during the year Sports material consumed during the year (Amount t/f to Income and Expenditure account)	280000 130000 60000 (35000)
		435000

*Calculation of Sports material consumed by alternative methods should be accepted.

(1+2=3 marks) 

Que4: Explain ‘Sequential’ and ‘Mnemonic’ codes.

Ans: Sequential codes 

These are the codes in which code numbers and/or letters are assigned in a consecutive order. These codes are applied primarily to source documents such as cheques, invoices etc. This facilitates document searches. This process enables either identification of missing codes (numbers) relating to a particular document or to trace a relevant document on the basis of the codes. 

Mnemonic codes 

These codes consist of alphabets or abbreviations as symbols to codify a piece of information. SJ for sales journal, HQ for Headquarters are examples of mnemonic codes.

Accounts Important Tips

The fact of studying hard only gives fruitful results when it is planned strategically. The following few tips for the accountancy class 12 board exam must be kept in consideration while planning for the main exams.

• Keep a printed copy revised syllabus for the 2020-2021 session.
• Follow the syllabus thoroughly from NCERT books at least once before referring to other books.
• Solve sample papers and previous year papers and consult teachers in case of any doubts.
• Keep track of the board's official website for the latest updates or allow notifications from Top rankers to get updated.
• Don’t be afraid to write! There is no negative marking in board examinations. So it is an important tip to write as much as possible. First, complete the easy portion with fluency. And then sometimes guessing the answer instead of straightly leaving it works as wonders.
• Write in clear handwriting and try to avoid cutting the answer after writing it. Read the question twice and think of the complete answer at a glance, before writing it to avoid such mistakes.
•  Try to attempt all parts of a question sequentially. It really creates less mess in the answer sheet and creates a positive impact on the examiner.
• Check the total number of questions in the question paper and divide the time allowed accordingly. Create a pace from the very beginning to be able to attempt all the questions in time.