BSEB Inter Accountancy study guide
BSEB Inter Accountancy · Work through your exam, one topic at a time.
The BSEB Intermediate Accountancy Examination is the Class 12 accountancy paper set by the Bihar School Examination Board for students in the science, commerce and arts streams who choose accountancy as an elective. It is a school-leaving board paper rather than a professional certification: results feed into higher education admission in Bihar and are widely accepted by universities elsewhere in India. The BSEB Inter Accountancy study guide has 9 sections and about 2,586 words.
01Accounting for Partnership Firms: Fundamentals and Goodwill
This section covers Accounting for Partnership Firms: Fundamentals and Goodwill. BSEB tests the partnership deed, appropriation of profit, capital and current accounts, and valuation of goodwill at admission, retirement and death.
307 words, about 2 min02Reconstitution of Partnership: Admission, Retirement and Death of a Partner
This section covers Reconstitution of Partnership: Admission, Retirement and Death of a Partner. The exam tests sacrificing and gaining ratios, revaluation, treatment of reserves and goodwill, and the deceased partner’s executor account.
309 words, about 2 min03Dissolution of Partnership Firms
This section covers Dissolution of Partnership Firms. BSEB tests the difference between dissolution of partnership and dissolution of firm, Realisation Account, treatment of assets and liabilities, and Garner v Murray.
286 words, about 1 min04Accounting for Share Capital
This section covers Accounting for Share Capital. BSEB tests issue of shares at par and premium, calls in arrears and advance, forfeiture and reissue, and the presentation of share capital under the Companies Act, 2013.
316 words, about 2 min05Issue and Redemption of Debentures
This section covers Issue and Redemption of Debentures. BSEB tests issue at par, premium and discount, interest, redemption methods, and the treatment of discount on issue and premium on redemption.
305 words, about 2 min06Financial Statements of Companies (as per Schedule III)
This section covers Financial Statements of Companies as per Schedule III. BSEB tests the prescribed Balance Sheet and Statement of Profit and Loss format, current/non-current classification, notes, and computation of profit.
257 words, about 1 min07Analysis of Financial Statements: Ratio Analysis
This section covers Analysis of Financial Statements: Ratio Analysis. BSEB tests formulas, classification and interpretation of liquidity, solvency, activity and profitability ratios.
253 words, about 1 min08Cash Flow Statement
This section covers Cash Flow Statement. BSEB tests AS-3 (revised) classification into operating, investing and financing activities, and adjustments for non-cash and non-operating items.
267 words, about 1 min09Accounting for Not-for-Profit Organisations
This section covers Accounting for Not-for-Profit Organisations. BSEB tests Receipts and Payments Account, Income and Expenditure Account, Balance Sheet, subscriptions and special funds.
286 words, about 1 min