PSEB 12th Class Syllabus 2027 Accountancy

FOR PUNJAB CLASS 12 PREPARATION

PSEB 12th Class
Syllabus 2027
Accountacy
EXAM YEAR TYPE

Punjab Class 12 2027 Syllabus

Notes · Sample Papers · Previous Year Papers · Mock Tests

.
m .co s e mPSEB 12th Class Syllabus 2027 Accountacy

s e l a
a CLASS-XII
ag
Session: 2026-27
ACCOUNTANCY

Time: 3 Hrs Theory: 80 Marks
Practical: 15 Marks
INA: 05 Marks m
om Total: 100 Marks . co
. c e m
e m SYLLABUS l as
l as ag
ag PART-I

UNIT 1: ACCOUNTING FOR PARTNERSHIP FIRMS
 Nature of Partnership
 Partnership Deed
 Special Aspects of Partnership Accounts
 Maintenance of Capital Accounts of Partners
 Distribution of Profit among Partners m
 Guarantee of Profit to a Partner
m .co
 Past Adjustments
s e
l a
gtreated as charge against profits.
Note: Interest on partner’s loan is toabe
Goodwill to be adjusted through partners’ capital/current account or by raising and writing of
Goodwill (AS 26).

UNIT 2: RECONSTITUTION OF A PARTNERSHIP FIRM – ADMISSION OF A PARTNER
 Modes of Reconstitution of a Partnership Firm
 Admission of a New Partner
 New Profit-Sharing Ratio
m
m
 Sacrificing Ratio .co
m .co
 Goodwill- Meaning, factors affecting, need and methods of valuation of Goodwill.
s e m
s e  Adjustment for Accumulated Profits and Losses
g la
g la  Revaluation of Assets and Reassessment of Liabilities a
a  Adjustment of Capitals
 Change in Profit Sharing Ratio among the Existing Partners

UNIT 3: RECONSTITUTION OF A PARTNERSHIP FIRM – RETIREMENT / DEATH
OF A PARTNER
 Ascertaining the Amount Due to Retiring/Deceased Partner
 New Profit-Sharing Ratio
 Gaining Ratio m . c
 Treatment of Goodwill c. o s e m
s em
Page 1 of 5

PSEB 12th Class Syllabus 2027 Accountacy

 Adjustment for Revaluation of Assets and Liabilities
 Adjustment of Accumulated Profits and Losses
 Disposal of Amount Due to Retiring Partner
 Adjustment of Partners’ Capitals
 Death of a Partner

UNIT 4: DISSOLUTION OF PARTNERSHIP FIRM
 Dissolution of Partnership
 Dissolution of a Firm
 Settlement of Accounts
 Accounting Treatment
Note: (i) If the realised value of tangible assets (i.e. Land & Buildings, Furniture, Stock
etc.) is not given, it should be considered as realised at book value itself.
(ii) If the realised value of intangible assets (i.e. Goodwill, Patents, Trade Marks,
Computer Software etc.) is not given, it should be considered as nil (zero value).
(iii) In case, realisation expenses are borne by a partner, clear indication should be given
regarding the payment thereof.

UNIT-5: ACCOUNTING FOR SHARE CAPITAL
 Features of a Company
 Kinds of Companies
 Share Capital of a Company
 Nature and Classes of Shares
 Issue of Shares
 Accounting Treatment
 Forfeiture of Shares

Note: The term “Securities Premium Reserve Account” has been changed and now it is termed
only “Securities Premium”.

UNIT 6: ISSUE OF DEBENTURES
 Meaning of Debentures
 Distinction between Shares and Debentures
 Types of Debentures
 Issue of Debentures
 Over Subscription
 Issue of Debentures for Consideration other than Cash
 Issue of Debentures as a Collateral Security
 Terms of Issue of Debentures
 Interest on Debentures
 Writing off Discount/Loss on Issue of Debentures

Note: Discount or loss on issue of debentures to be written off in the year debentures are allotted
from Security Premium (if it exists) and then from Statement of Profit and Loss as Financial Cost
For more Question Papers, Sample Papers, Notes & Syllabus visit Page 2 of 5

.
m .co s e mPSEB 12th Class Syllabus 2027 Accountacy

s e l a
a (AS 16).
ag
Capital Reserve cannot be used for writing off Discount/Loss on Issue of Debentures.

NOTE: Students may choose only one Part from Part II and Part III.

PART -II

m
om
UNIT 7: FINANCIAL STATEMENTS OF A COMPANY
. co
. c
 Meaning of Financial Statements
e m
e m
 Nature of Financial Statements
l as
l as
 Objectives of Financial Statements
ag
ag
 Types of Financial Statements
 Uses and Importance of Financial Statements
 Limitations of Financial Statements

UNIT 8: ANALYSIS OF FINANCIAL STATEMENTS
 Meaning of Analysis of Financial Statements
 Significance of Analysis of Financial Statements
 Objectives of Analysis of Financial Statements
m
 Tools of Analysis of Financial Statements
m .co
 Comparative Statements
s e
 Common Size Statement
l a
 Limitations of Financial Analysis ag
UNIT 9: ACCOUNTING RATIOS
 Meaning of Accounting Ratios
 Objectives of Ratio Analysis
 Advantages of Ratio Analysis
 Limitations of Ratio Analysis
 Types of Ratios
m
m
 Liquidity Ratios
.co
.co
 Solvency Ratios
s e m
s em  Activity (or Turnover) Ratio
g la
g la  Profitability Ratios a
a UNIT 10: CASH FLOW STATEMENT
 Objectives of Cash Flow Statement
 Benefits of Cash Flow Statement
 Cash and Cash Equivalents
 Cash Flows
 Classification of Activities for the Preparation of Cash Flow Statement
 m
Ascertaining Cash Flow from Operating Activities . c
 c. o
Ascertainment of Cash Flow from Investing and Financing Activities
s e m
s em
Page 3 of 5

PSEB 12th Class Syllabus 2027 Accountacy

 Preparation of Cash Flow Statement

Note: Previous years’ Proposed dividend to be given effect, as per prescribed in AS-4, Events
occurring after the balance sheet date. Current years’ proposed dividend will be accounted for
in the next year after it is declared by the shareholders.

OR

PART-III
.
UNIT 7: OVERVIEW OF COMPUTERISED ACCOUNTING SYSTEM
 Computerised Accounting System
 Components of CAS
 Salient Features of CAS
 Grouping of Accounts
 Using Software of CAS
 Advantages of CAS
 Limitations of CAS
 Accounting Information System (AIS)

UNIT 8: SPREADSHEET
 Basic Concepts of Spreadsheet
 Data Entry, Text Management and Cell Formatting
 Data Formatting
 Output Reports
 Preparation of Reports Using Pivot Table
 Common Errors (Messages) in Spreadsheet

UNIT 9: USE OF SPREADSHEET IN BUSINESS APPLICATIONS
 Payroll Accounting
 Asset Accounting
 Loan Repayment Schedule

UNIT 10: GRAPHS AND CHARTS FOR BUSINESS DATA
 Graphs and Charts
 Basics Steps for Graphs/Charts/Diagrams Using Excel
 Advantages in Using Graph/Chart

*****

For more Question Papers, Sample Papers, Notes & Syllabus visit Page 4 of 5

.
m .co s e mPSEB 12th Class Syllabus 2027 Accountacy

s e l a
a ag
Practical work
Practical work for those students who choose Part-II of the syllabus.

Time: 1 ½ Hours Max Marks 15
1. The syllabus of practical work is same as prescribed for the theory paper of Part II.
m
2. Practical Note book will consist of at least one comprehensive project and some
om . co
c
short answer questions based on the prescribed syllabus.
. e m
3.
em
Division of Marks:
l as
a s
l Note Book ag
1
2
g
Project
aTotal five questions of 3 marks each
3 marks
(3×3) = 9 marks
will be set. The students are
required to attempt any three
3 Viva Voce 3 marks

Practical for those students who choose Part-III of the syllabus.
m
m .co
Time: 1 ½ Hours
s e Max Marks: 15
1.
l a
The syllabus of practical work is same as prescribed for the theory paper of part-III.
2.
ag
Practical Note book will consist of the entire practical performed in the
computer laboratory based on the prescribed syllabus.
3. Division of Marks:
1 Practical Note Book 3 marks
2 The students are required to perform any three (3×3) = 9 marks
Practicals out of the given Five of 3 marks each.
3 Viva Voce 3 marks

o m
m c
. Marks: 05
c. o of Marks for internal assessment (INA):
Division
s
m
Max
e
m
e As per instructions issued by Punjab School Education Board. gla
las a
ag

*****

m . c
c. o s e m
s em
Page 5 of 5