BSEB Inter Accountancy study plan

Distinguish between fixed and fluctuating capital accounts and pass journal entries for interest on capital, drawings, and salary in both methods.

Compute divisible profit through a Partner's Capital Account and a Profit and Loss Appropriation Account from a given trial-balance extract.

Prepare a Profit and Loss Appropriation Account where the deed is silent and where the deed specifies interest on capital but not on drawings.

Solve at least six numerical problems on capital adjustment and past adjustments of profit without looking at solutions first.

Compute goodwill under average profit, super profit, and capitalisation methods, including the treatment of abnormal losses and gains and weighted average profit.

Pass journal entries for goodwill when the incoming partner brings it privately and when the firm records it, under the sacrificing-ratio approach.

Calculate the new profit-sharing ratio and sacrificing ratio for at least four admission scenarios, including cases where one partner gains.

Draft a one-page formula sheet for goodwill methods and verify each formula against a solved example.

Prepare Revaluation Account, Partners' Capital Accounts, and the new Balance Sheet on admission of a partner, handling unrecorded assets, liabilities, and accumulated reserves.

Journalise the adjustment of capitals (including current accounts) when partners agree to keep capitals proportionate to the new profit-sharing ratio.

Compute the gaining ratio and pass entries for goodwill on retirement and on death of a partner, including goodwill appearing in the old Balance Sheet.

Handle the executor's account on death, including the share of profit to the date of death and interest on the deceased partner's capital.

Solve two comprehensive admission problems and two retirement/death problems under timed conditions of 45 minutes each.

Classify dissolution versus retirement and identify when a firm is dissolved by court order or by notice.

Prepare a Realisation Account and pass entries for the transfer of assets and liabilities, realisation expenses, and partner-borne expenses.

Work through Garner v. Murray where a partner is insolvent and the firm's capital is deficient, applying the maximum-loss method.

Journalise the settlement of a partner's loan versus capital when the partner is insolvent.

Complete three dissolution problems, including one where all partners except one are insolvent.

Journalise the issue of shares at par, at premium, and at a discount, including application, allotment, and calls, and the treatment of calls in arrears and calls in advance.

Apply pro-rata allotment logic to a case where one applicant is allotted fewer shares and another is rejected, adjusting the excess money.

Record forfeiture of shares issued at par and at premium, and reissue of forfeited shares at par, at premium, and at a discount, transferring the balance to capital reserve.

Prepare the Share Capital note in the balance sheet showing authorised, issued, subscribed, called-up, and paid-up capital as per Schedule III.

Distinguish between preferential allotment, sweat equity, and bonus shares at the level of journal entries.

Journalise the issue of debentures at par, at premium, and at a discount, and as collateral security, and record interest on debentures with TDS.

Prepare the Debenture Redemption Reserve and the Debenture Redemption Investment entries required before redemption, and pass entries for redemption out of profits and out of capital.

Write off discount on issue of debentures using the fixed-instalment method and the fluctuating-asset method.

Prepare the Statement of Profit and Loss and the Balance Sheet of a company in Schedule III format, including the notes on share capital, reserves, long-term borrowings, and trade payables.

Identify and correct at least five common Schedule III presentation errors in a deliberately flawed balance sheet.

Compute liquidity, solvency, activity, and profitability ratios from a given Schedule III balance sheet and state what each ratio signals.

Derive missing figures from given ratios (for example, current assets from the current ratio and working capital) in at least four reverse-engineering problems.

Classify cash flows into operating, investing, and financing activities and prepare a Cash Flow Statement using the indirect method, adjusting for depreciation, interest, tax, and working-capital changes.

Reconcile net profit before tax to cash from operations and reconcile the opening and closing cash balances.

Time yourself: one ratio set and one cash flow problem in 50 minutes combined.

Prepare a Receipts and Payments Account, an Income and Expenditure Account, and a Balance Sheet for a not-for-profit organisation, correctly treating subscriptions in arrears and in advance, life membership, and special funds.

Distinguish capital from revenue items for an NPO and handle the sale of a fixed asset and the depreciation on it.

Re-solve one flagged weak problem from each of Domains 1 through 8, focusing on the error types recorded in earlier weeks.

Complete two full-length mock papers of 3 hours each under exam conditions and mark them against the official marking pattern.

Compile a final one-page revision sheet covering all nine domains with the highest-risk adjustments.