BSEH SS Accountancy study guide
BSEH SS Accountancy · Work through your exam, one topic at a time.
The BSEH Senior Secondary Accountancy examination is the Class 12 accountancy paper set by the Board of School Education, Haryana for students completing senior secondary schooling in the state. It is taken by candidates in Haryana's affiliated schools who need the subject for their Class 12 certificate, and it is also relevant to those using accountancy as a stepping stone to B.Com, BBA, CA Foundation, or CS Foundation study. The BSEH SS Accountancy study guide has 9 sections and about 2,801 words.
01Accounting for Partnership Firms: Fundamentals
The Indian Partnership Act, 1932 defines partnership as a relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. The exam checks that you can run the machinery of a firm's books: capital accounts, interest on capital and drawings, partner salary and commission, and closing profit through the Profit and Loss Appropriation Account.
409 words, about 2 min02Reconstitution of Partnership: Admission, Retirement and Death of a Partner
Admission, retirement and death all change the profit-sharing arrangement, so the exam tests one skill repeatedly: adjusting the books so the old partners' claims are settled before the new arrangement begins. New ratio and sacrificing ratio.
380 words, about 2 min03Dissolution of Partnership Firms
Dissolution of partnership changes the relation between partners but the firm continues; dissolution of firm ends the business. Grounds: Section 40 by agreement; 41 compulsory when the business becomes unlawful; 42 on insolvency of all but one partner; 43 on notice by a partner at will; 44 by order of the court.
321 words, about 2 min04Accounting for Share Capital
Authorised (nominal) capital is the maximum stated in the memorandum; issued capital is what is offered; subscribed is what is accepted; paid-up is subscribed less calls in arrears. Share capital is presented in the balance sheet by notes under Schedule III.
332 words, about 2 min05Issue and Redemption of Debentures
A debenture acknowledges a debt, carries fixed interest, and interest is a charge against profit. Issue may be at par, at premium or at discount; the loss on issue is written off against securities premium or against profit.
302 words, about 2 min06Financial Statements of Companies
Statements follow Schedule III of the Companies Act, 2013 as adapted in the syllabus: a Statement of Profit and Loss, a Balance Sheet in vertical form, and notes on share capital and reserves and surplus. Assets and liabilities are split into current and non-current.
272 words, about 1 min07Analysis of Financial Statements: Ratio Analysis
Liquidity: current ratio = current assets ÷ current liabilities; quick ratio = quick assets ÷ current liabilities. Solvency: debt-equity = long-term debt ÷ shareholders' funds; proprietary ratio; interest coverage.
257 words, about 1 min08Cash Flow Statement
Cash flows are grouped into operating, investing and financing activities, and the statement reconciles opening and closing cash and cash equivalents. The indirect method starts from net profit before tax and adjusts for non-cash and non-operating items.
270 words, about 1 min09Project Work and Internal Assessment
Internal assessment carries 20 marks in the Senior Secondary Accountancy examination. It covers a project file of roughly 20-25 pages and a viva, so a documented file with clear analysis matters as much as the numbers.
258 words, about 1 min