PSEB 12th Accountancy Syllabus 2025, Everything You Need to Know About PSEB 12th Syllabus in All Parts

The PSEB 12th Accountancy Syllabus 2025 encompasses a comprehensive range of topics, including Accounting for Partnership Firms, Share Capital, Debentures, Financial Statement Analysis, and more.

by Kowsalya

Updated May 14, 2024

PSEB 12th Accountancy Syllabus 2025, Everything You Need to Know About PSEB 12th Syllabus in All Parts
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PSEB 12th Accountancy Syllabus 2025

The Punjab School Education Board (PSEB) has released the revised syllabus for Class 12 Accountancy for the academic year 2024-2025. The syllabus covers various topics including Accounting for Partnership Firms, Goodwill, Change in Profit-Sharing Ratio, Admission of a Partner, Retirement and Death of a Partner, Dissolution of Partnership Firms, Accounting for Share Capital, Accounting for Debentures, Analysis of Financial Statements, Cash Flow Statement, Overview of Computerized Accounting System, and Electronic Spreadsheet.

The syllabus also includes practical and internal assessment components, with detailed instructions for theory papers, practicals, and internal assessments totaling 100 marks.

Here's a breakdown of the Punjab Board PSEB Class 12th Accountancy Syllabus for the academic year 2024-2025 in points:

PART-I:

Accounting For Partnership Firms

  • Features of Partnership
  • Partnership Deed: Meaning, Contents, and Importance
  • Provisions of the Indian Partnership Act 1932
  • Final Accounts of Partnership: Fixed vs Fluctuating Capital accounts
  • Preparation of Profit and Loss Appropriation Account

Accounting For Goodwill

  • Meaning and Nature of Goodwill
  • Factors affecting Goodwill
  • Methods of Valuation: Average Profits, Super Profits, Capitalization
  • Adjustment of Goodwill through partners' capital/current account

Change In The Profit-Sharing Ratio

  • Changes in Profit Sharing Ratio: Sacrificing Ratio and Gaining Ratio
  • Accounting for Revaluation of Assets and re-assessment of Liabilities
  • Preparation of revaluation account and balance sheet

Admission Of A Partner

  • Effect of Admission of Partner
  • Accounting Treatment of Goodwill
  • Revaluation of Assets and Liabilities
  • Adjustment of Capital Accounts

Retirement And Death Of A Partner

  • Effect of Retirement/Death of a Partner on Profit Sharing Ratio
  • Treatment of Goodwill
  • Adjustment of Accumulated Profits and Reserves
  • Preparation of loan account of retiring partner

Dissolution Of Partnership Firms

  • Meaning and Types of Dissolution
  • Settlement of Accounts: Preparation of Realisation Account, Capital Accounts, Cash/Bank Account

PART-II:

Accounting For Share Capital

  • Meaning, Nature, and Types of Share Capital
  • Accounting for Issue and Allotment of Equity and Preference Shares
  • Issue of shares at Par, Premium, and at a Discount
  • Accounting Treatment of Forfeiture and Re-issue of Forfeited Shares

Accounting For Debentures

  • Meaning and Types of Debentures
  • Issue of Debentures and Redemption
  • Creation of Debenture Redemption Reserve

Analysis Of Financial Statements

  • Financial Statement Analysis: Meaning, Objectives, and Tools
  • Accounting Ratios: Liquidity, Solvency, Activity, Profitability
  • Cash Flow Statement: Meaning, Objectives, and Preparation

Cash Flow Statement

  • Adjustments related to Depreciation, Amortisation, profit or loss on sale of assets, Dividend, Tax
  • Treatment of Bank overdraft and cash credit
  • Preparation of Cash Flow Statement (Indirect Method)

PART-III:

Overview Of Computerized Accounting System

  • Concepts and Types of Computerized Accounting Systems (CAS)
  • Features and Structure of CAS

Using Computerized Accounting System

  • Introduction to Tally and its Features
  • Steps for installation and company set up in Tally
  • Security features in CAS

Electronic Spreadsheet

  • Concepts and Features of Electronic Spreadsheet
  • Components of MS-Excel and Basic Functions

Accounting Application Of Electronic Spreadsheet

  • Applications in generating Accounting Information
  • Preparation of Depreciation Schedule, Loan Repayment Schedule, Payroll Statement
  • Graphs and Charts for Business Data

How to Download Offical PSEB Class 12th Syllabus 2024-2025?

Learn how to effortlessly access and download the official PSEB Class 12th Syllabus for the academic year 2024-2025 from the Punjab School Education Board's website.

  • Go to the official website of the Punjab School Education Board (PSEB).
  • Look for the 'Academic Wing' option in the menu bar and click on it.
  • From the dropdown box that appears, select the 'Syllabus' option.
  • Once you're on the syllabus page, choose 'Grade 12' from the available options.
  • A list of subjects will be displayed in another dropdown box. Select the subject name of your choice from the list.
  • After selecting the subject, the PDF file of the syllabus for that particular subject will be automatically downloaded to your system.

PSEB 

The Punjab School Education Board (PSEB) is a governmental education board established in 1969 under the Government of Punjab, India. It operates from its headquarters in Mohali, Punjab, overseeing the curriculum in public schools across the state.

The board is responsible for conducting standardized examinations, managing scholarships, and publishing textbooks. Dr. Satbir Bedi, a retired IAS officer, currently serves as the Chairman of the board.

The PSEB aims to ensure quality education and promote academic excellence in Punjab. Under the leadership of Education Secretary Sh. Harsant Singh Sekhon, the board is dedicated to enhancing the education system through initiatives like 'Padho Punjab'. With a focus on student welfare and educational development, the PSEB plays a crucial role in shaping the future of Punjab's youth.

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