Maharashtra HSC Bookkeeping & Accountancy study plan

State the accounting equation and classify 40 given items into assets, liabilities and capital without error

Apply the debit/credit rules to 30 transactions covering all five account types (asset, liability, capital, revenue, expense)

Write out the full sequence of accounting steps from source document to trial balance from memory

Prepare a trading account and profit and loss account for one simple sole-trader problem and compute gross and net profit

Record 50 mixed transactions in a journal with correct narration for at least 20 of them

Pass 12 year-end adjusting entries: outstanding expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad debts, closing stock

Prepare final accounts from a trial balance containing 8 adjustments, showing each adjustment twice (once in P&L, once in balance sheet)

Compute the cost of goods sold and closing stock under both direct and adjustment-based presentation

Draw and label the three parties and the flow of a bill of exchange, then journalise draw, accept, discount, endorse, honour and dishonour in 15 entries

Calculate discounting charges, rebate and noting charges for 8 given bill scenarios

Post 30 transactions into the correct subsidiary book: purchases book, sales book, purchase returns, sales returns, cash book and petty cash book

Reconcile a triple-column cash book against the cash and bank columns to prove the closing balance

Prepare a receipts and payments account from 25 cash transactions and convert it into an income and expenditure account

Distinguish between receipts and payments, income and expenditure, and balance sheet items for a not-for-profit concern, classifying 20 items correctly

Adjust a bank reconciliation statement for cheques issued but not presented, cheques deposited but not credited, bank charges, interest and direct debits

Prepare a BRS starting from both the cash book balance and the pass book balance for the same data set

Compute depreciation under straight-line and written-down-value methods for 5 assets over 4 years, including mid-year purchase and sale

Journalise depreciation, asset disposal and profit or loss on sale of an asset

Identify and classify 20 errors as errors of omission, commission, principle, compensating or clerical

Prepare a suspense account and pass rectification entries for 12 errors, deciding which affect the trial balance

Convert a statement of affairs into a statement of profit or loss under the single entry system for 3 problems

Prepare a revised statement of affairs after adjustments for depreciation, bad debts and drawings

Post 40 journal entries to ledger accounts and balance them off correctly, carrying forward opening balances

Distinguish nominal, real and personal accounts and state the rule applied to each of 15 ledger postings

Define book-keeping, accounting and accountancy and state 6 differences between book-keeping and accounting in exam-ready wording

Explain 8 accounting concepts and conventions and match each to a transaction that illustrates it

Write 10 short-answer responses (3-4 marks each) on journal, ledger and double-entry fundamentals under time pressure

Correct 15 deliberately flawed journal entries and justify each correction in one line

Complete two full-length mock papers of 3 hours each under exam conditions without notes

Mark each mock against the official marking scheme pattern and list every lost mark by domain

Re-solve every question missed in the mocks until each is correct on a second attempt

Recite the format of the trading account, P&L account, balance sheet, income and expenditure account and BRS from memory