KSEAB II PUC Accountancy study plan

Build the profit-sharing logic from scratch by solving ten problems where interest on capital, interest on drawings, and salary/commission interact, and record each adjustment in the Profit and Loss Appropriation Account

Construct the three partner capital accounts and the current accounts for the same ten problems, distinguishing fixed from fluctuating capital methods and stating which method each problem implies

Derive the interest on drawings formula for equal monthly, mid-period, and beginning-of-period drawings and verify each answer arithmetically

Draw up a partner's loan account and explain in writing why interest on a partner's loan is a charge against profit rather than an appropriation

Compute sacrificing ratio and gaining ratio in six admission scenarios and show the working for every partner whose share changes

Pass the full journal entries for goodwill on admission under the premium method and the revaluation method, and state when AS 26 treatment is used

Prepare Revaluation Account, partners' capital accounts, and the opening balance sheet for four admission cases involving asset revaluation and unrecorded liabilities

Solve three retirement and two death cases, including the deceased partner's share of profit to date of death and the executor's account

Reconstruct a partnership's balance sheet from a trial balance containing revaluation, goodwill, and accumulated reserves, twice, without referring to a solution

Distinguish dissolution of a firm from dissolution of a partnership in writing and list the rights of a partner on dissolution

Pass journal entries for realisation of assets, settlement of liabilities, realisation expenses, and the Garner versus insolvency rules for an insolvent partner

Prepare a Realisation Account and a Memorandum Balance Sheet for the insolvent-partner case, applying the rule in Garner v. Murray to distribute the deficiency

Journalise the issue of shares at par, at premium, and at a discount, and explain in writing why a discount on issue is debited to a separate account

Record pro-rata allotment and calls in arrears for two over-subscribed issues, including the Calls-in-Arrears and Calls-in-Advance accounts

Journalise forfeiture of shares issued at par and at premium, and reissue of forfeited shares, then compute the amount transferred to Capital Reserve

Distinguish nominal, authorised, issued, subscribed, called-up, paid-up, and reserve capital in a labelled table with a worked example

Journalise debenture issue at par, at premium, and at discount, and record the interest accrual and payment entries for two years

Compare the sinking fund method with the DRR (Debenture Redemption Reserve) method for debenture redemption and compute the DRR and DRR investment amounts under current rules

Prepare the balance sheet in Schedule III format for a company from a given trial balance, placing items in the correct current and non-current classifications

Compute the three key Schedule III subtotals from a trial balance: current assets, current liabilities, and the surplus shown under Reserves and Surplus

Build comparative income statements and balance sheets from two years of data and calculate absolute and percentage change for every line item

Prepare a common-size statement of profit and loss and a common-size balance sheet, and write two sentences interpreting each statement

Compute and interpret the current ratio, quick ratio, debt-equity ratio, and proprietary ratio for two companies and identify which is more liquid and which is more leveraged

Compute the gross profit ratio, operating ratio, net profit ratio, stock turnover, and debtor turnover, and state what each change would signal to a lender

Classify 20 transactions as operating, investing, or financing and justify each classification in one line

Prepare a cash flow statement under the indirect method from a balance sheet with notes, reconciling net profit before tax to net cash from operating activities

Adjust for depreciation, profit on sale of fixed assets, interest paid and received, and tax paid within the operating section

Reconcile the opening and closing cash and cash equivalents and explain why a profitable company can have negative operating cash flow

Explain in writing the components of a computerised accounting system, the meaning of a database and a management information system, and the advantages and limitations of computerised accounting

Differentiate manual and computerised accounting across five named criteria and distinguish a data table from a database

Solve one timed full-length practice paper covering partnership, reconstitution, and share capital sections under exam conditions

Review every error from the practice paper and rewrite the correct treatment for each mistake in a personal error log