RBSE SS Accountancy study plan

Draft a model partnership deed clause-by-clause and classify each clause as mandatory or optional under the Indian Partnership Act, 1932

Compute interest on capital and interest on drawings under both the product method and the average-period method for three partners with unequal capitals

Prepare capital accounts under the fixed and fluctuating methods for a two-partner firm and reconcile the closing balances

Distinguish profit-sharing ratio from capital ratio and solve two problems where the deed is silent

Value goodwill by average profit, super profit and capitalisation methods for the same firm and explain why the three figures differ

Compute sacrifice ratio and gain ratio in four admission and retirement scenarios, including one where the ratio is inferred from capitals

Prepare revaluation account, partners' capital accounts and the opening balance sheet on admission of a partner

Post the treatment of accumulated reserves, revaluation profit and goodwill raised and written off through the capital accounts

Solve retirement and death-of-partner problems including revaluation, goodwill adjustment, and transfer to the deceased partner's executor's account

Compute the deceased partner's share of profit to the date of death using both time-basis and turnover-basis methods

Prepare a realisation account and partners' capital accounts on dissolution, including assets taken over by a partner and expenses borne by a partner

Apply the Garner versus Murray rule to a case of partner insolvency and show the deficiency borne by solvent partners

Journalise the issue of shares at par, at premium and at a discount, and record calls in arrears and calls in advance with the relevant interest treatment

Compute pro-rata allotment across three applicants' categories and determine the amount of excess application money adjusted against allotment and calls

Record forfeiture of shares issued at a premium (including the premium already received) and the subsequent reissue at a discount

Prepare calls-in-arrears and calls-in-advance accounts and present share capital in the balance sheet with the correct sub-heads

Journalise debenture issue at par, at premium and at discount, and record interest accrual and payment with tax deducted at source

Prepare a sinking fund (debenture redemption reserve) schedule and the related investments account for redemption of debentures

Solve one own-debentures problem as investment and one as cancellation, and compare the two treatments

Classify 25 given ledger balances into the Schedule III balance sheet format and draft a statement of profit and loss with notes to accounts

Prepare comparative and common-size statements from a two-year data set and interpret the two largest movements

Compute and interpret liquidity, solvency, activity and profitability ratios, including stock turnover, debtors turnover and return on capital employed

Construct a trend analysis with a chosen base year and state the limitation of base-year selection

Prepare a cash flow statement under the indirect method, adjusting for depreciation, profit on sale of fixed assets, and changes in working capital

Convert a receipts and payments account into an income and expenditure account and a balance sheet, adjusting for outstanding subscriptions, prepaid expenses and capital receipts

Compute subscription income for the year from a subscription schedule showing arrears, advances and subscriptions written off

Distinguish cash versus accrual treatment of items such as donations, legacies and life membership fees

Describe the components of a computerised accounting system, compare readymade, customised and tailor-made software, and explain the role of a database and MIS reports

Re-solve every logged error from weeks 1 to 7 without looking at the original solution

Attempt two full-length timed mock papers under exam conditions and mark them against the board marking scheme

Rank the ten domains by mock accuracy and rebuild a one-page formula and format sheet for the three weakest

Rehearse the standard formats (realisation, revaluation, cash flow, Schedule III) from memory until each is reproduced without reference