Kerala Plus Two Accountancy with AFS (DHSE) study plan

Derive new profit-sharing ratio, sacrificing ratio and gaining ratio in at least eight admission scenarios, including cases where the old ratio has to be reconstructed from capital balances.

Prepare Revaluation Account, Partners' Capital Accounts and the new Balance Sheet for admission cases involving revaluation, unrecorded assets or liabilities and adjustment of capitals to the new ratio.

Value goodwill by the average-profit, super-profit and capitalisation methods, and record it correctly under each of the three treatments (raised and retained, raised and written off, premium brought in privately).

Journalise the accounting for accumulated reserves, accumulated losses, revaluation profit or loss and partners' loan transferred on admission.

Handle retirement of a partner end to end: revaluation, goodwill adjusted through gaining ratio, transfer of the retiring partner's balance to loan account, and settlement with interest.

Handle death of a partner: share of profit up to date of death, interest on capital, executor's account and the treatment of the deceased partner's share of goodwill.

Distinguish fixed and fluctuating capital methods by preparing Partners' Capital Accounts and Partners' Current Accounts in the same firm and reconciling the closing balances.

Allocate interest on capital, interest on drawings, salary and commission among partners using the exact time periods in the question.

Prepare a Profit and Loss Appropriation Account that includes guaranteed minimum profit, salary, commission on profit and the correction of past omissions or excesses by passing a single adjustment entry.

Record the issue of shares at par and at premium, accounting separately for calls in arrears and calls in advance and showing the relevant interest.

Work through oversubscription and pro-rata allotment, including the refund of excess application money and the later adjustment of excess against allotment and calls.

Present Share Capital in the Balance Sheet as per Schedule III with the notes on authorised, issued, subscribed and paid-up capital and the share forfeiture reserve.

Forfeit shares for non-payment of allotment or calls, reissue forfeited shares at par, at a discount and at a premium, and compute the amount credited to Capital Reserve.

Compute the maximum permissible discount on reissue and the profit on reissue when only part of the forfeited shares are reissued.

Correct capital-related errors, including application money wrongly adjusted and calls not received but shares subsequently reissued.

Draft the full company Balance Sheet for a share-capital question without omitting the notes to accounts.

Issue debentures at par, at discount and at premium, and record debentures issued as collateral security with the correct note in the Balance Sheet.

Redeem debentures by instalments and by draw of lots, maintaining a Debenture Redemption Reserve, investing in Debenture Redemption Investments and encashing them before redemption.

Redeem debentures by conversion into shares or by purchase of own debentures in the open market, and compute profit or loss on cancellation.

Prepare a Realisation Account on dissolution, covering assets and liabilities taken over by a partner, unrecorded assets, realisation expenses borne by a partner, and the settlement of the partner's loan account.

Handle capital deficiency, including the Garner versus Murray rule where the question specifies it.

Convert Receipts and Payments Account into Income and Expenditure Account, adjusting subscriptions outstanding and received in advance, depreciation on assets, and the capital fund.

Prepare the Balance Sheet of a not-for-profit organisation from an opening balance sheet, the receipts and payments account and additional information, treating special funds correctly.

Prepare the Statement of Profit and Loss of a company in the prescribed format, classifying revenue from operations, other income, expenses and tax.

Explain and apply the Schedule III requirements for current versus non-current classification, notes on reserves and surplus, and the measurement of property, plant and equipment.

Compute liquidity, solvency, activity and profitability ratios, showing working notes for each, and comment on the movement between two years.

Classify the effect of at least fifteen transactions on ratios such as current ratio, quick ratio and debt-equity ratio, deciding whether each rises, falls or stays unchanged.

Prepare a Cash Flow Statement under the indirect method, adjusting depreciation, amortisation, profit on sale of assets, interest and tax paid.

Classify cash flows into operating, investing and financing activities, including dividends paid, interest received, purchase of investments and proceeds from a share issue.

Revise every domain through a two-page condensed sheet of formats: Revaluation, Capital and Current, P and L Appropriation, Realisation, Share Capital note, Debenture accounts, Statement of Profit and Loss, ratios and cash flow.

Re-solve every question in the weeks one to seven error logs without looking at the corrected answers.

Take two full-length mock papers of 80 marks in 2 hours 15 minutes under exam conditions and self-mark strictly against the scoring key.

Close the two lowest-scoring domains from the mocks by answering ten targeted questions from past Kerala DHSE question sets.