Maharashtra State Board 12th Standard Board Exam Accounts Syllabus - Free PDF Download
Maharashtra State Board Syllabus 2025-26 12th Standard Board Exam: The Maharashtra State Board 12th Standard Board Exam Accounts Syllabus for the examination year 2025-26 has been released by the MSBSHSE, Maharashtra State Board. The board will hold the final examination at the end of the year following the annual assessment scheme, which has led to the release of the syllabus. The 2025-26 Maharashtra State Board 12th Standard Board Exam Accounts Board Exam will entirely be based on the most recent syllabus. Therefore, students must thoroughly understand the new Maharashtra State Board syllabus to prepare for their annual exam properly.
The detailed Maharashtra State Board 12th Standard Board Exam Accounts Syllabus for 2025-26 is below.
Academic year:
Maharashtra State Board 12th Standard Board Exam Book Keeping and Accountancy Revised Syllabus
Maharashtra State Board 12th Standard Board Exam Book Keeping and Accountancy and their Unit wise marks distribution
Maharashtra State Board 12th Standard Board Exam Book Keeping and Accountancy Course Structure 2025-26 With Marking Scheme
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Syllabus
1 Introduction to Partnership and Partnership Final Accounts
- Partnership
- Introduction
- Meaning
- Definition
- Features of Partnership Firm
- Agreement
- Number of Partners
- Lawful business
- Sharing of Profit and losses
- Unlimited Liability
- Registrations
- Joint Ownership & Management
- Principal and Agent
- Suitability
- Consequences for non-registration of a partnership firm
- Drafting of partnership deed
- Registration procedure
- Partnership Deed
- Contents of the Partnership Deed
- Importance of Partnership Deed
- Provisions Relevant for Accounting
- Format of Partnership Deed
- Provision of the Indian Partnership Act 1932
- Distribution of profit
- Interest on drawings
- Interest on partner's loan
- Interest on capital
- Salary or commission to Partners
- Admission of a new partner
- Methods of Capital Accounts - Fixed and Fluctuating Capital Method
- Partnership Final Accounts
- Contents
- Competency Statements
- Introduction
- Various Steps in Accounting
- Necessity of Preparation of Final Accounts
- Preparation of Partnership Final Accounts
1 Introduction to Partnership
- Meaning and Definitions of Partnership and Partnership Deed
- The Indian Partnership Act 1932
- Methods of Capital Accounts - Fixed and Fluctuating Capital Method
2 Accounts of ‘Not for Profit’ Concerns
- Accounts of “Not for Profit” Concerns
- Introduction
- Meaning of Not for Profit concern
- Features of Not for Profit concern
- Difference between Profit organisation and Not for Profit organisation
- Need for maintaining books of accounts and preparing final accounts
- Receipts and Payments Account
- Meaning
- Features of Receipts and Payments Account
- Types of Receipts
- i) Capital Receipts
- ii) Revenue Receipts
- Types of Payments
- i) Capital Expenditure
- ii) Revenue Expenditure
- iii) Deferred Revenue Expenditure
- Specimen of Receipts and Payments Account
- Steps in preparation of receipts and payments account
- Meaning and Concept of fund-based and non-fund-based accounting
- Income and Expenditure Account
- Meaning
- Features of Income and Expenditure Account
- Specimen of Income and Expenditure Account
- Distinction between Receipts and Payments Account and Income and Expenditure Account
- Preparation of Income and Expenditure Account
- Preparation of Balance Sheet
- Implied Adjustments
- Capital Fund
- Specimen of Balance Sheet
- Additional Information
- Outstanding and Prepaid Expenses.
- Accrued Income and Income Received in advance.
- Subscription received in advance and outstanding subscription
- Depreciation
- Capitalisation of Entrance fees
- Creation of special Funds out of donations
- Stock of Stationery,
- Opening Balance of assets and liabilities.
- Important Terms
- Entrances fees
- Subscription
- Legacy
- Life membership fees
- Sale of old assets scrap Newspapers
- Specific Donations
- General Donations
- Specific Funds
- Endowment Funds
- Steps in preparation of income and expenditure account from receipts and payments account
- Format of Income and Expenditure Account
- Treatment of revenue receipts
2 Partnership Final Accounts
- Introduction of Final Accounts
- Meaning
- Objectives
- Importance
- Final accounts include
- Manufacturing Accounts
- Trading Account
- Profit and Loss Accounts
- Profit & Loss Appropriation Account
- Balance sheet
- Preparation of Final Accounts
- Rationale of making adjustments at the time of preparing final accounts
- Effects of Adjustments-Closing Stock
- Effects of Adjustments-Outstanding Expenses
- Effects of Adjustments-Prepaid Expenses
- Effects of Adjustments-Income Received in Advance
- Adjustments - Income Receivable
- Effects of Adjustments-Bad and Doubtful Debts
- Effects of Adjustments-Provision for Discount on Debtors and Creditors
- Effects of Adjustments-Depreciation
- Adjustments - Interest on Capital, Drawings and Loans
- Adjustments - Interest on Investment and Loans
- Adjustments - Goods Destroyed by Fire Or Accident (Insured Or Uninsured)
- Adjustments - Goods Stolen
- Adjustments of Financial Statements - Goods Distributed as Free Samples and Manager's Commission
- Adjustments - Goods Withdrawn by Partners
- Adjustments - Unrecorded Purchases and Sales
- Adjustments - Capital Expenditure Included in Revenue Expenses and Vice-versa
- Adjustments - Bills Receivable Dishonoured
- Adjustments - Bills Payable Dishonoured
- Adjustments - Deferred Expenses
- Adjustments - Capital Receipts Included in Revenue Receipts and Vice-versa
- Adjustments - Commission to Working Partner Managers on the Basis of Gross Profit Net Profit, Sales, Etc
- Partnership Final Accounts
- Contents
- Competency Statements
- Introduction
- Various Steps in Accounting
- Necessity of Preparation of Final Accounts
- Preparation of Partnership Final Accounts
3 Reconstitution of Partnership
- Meaning of Reconstitution
- Different Ways of Reconstitution
- Admission of a Partner
- Need
- Capital brought by new partner
- New Profit Sharing Ratio
- Sacrifice Ratio
- Need of Admission of a Partner
- Capital Brought by New Partner
- Admission of a Partner - Sacrifice Ratio and New Ratio
- Concept of Goodwill
- Meaning of Goodwill
- Nature and Features of Goodwill
- Factors Affecting the Value of Goodwill
- Need for Valuation of Goodwill
- Methods of Valuation of Goodwill
- Average Profits Method
- Super Profits Method
- Capitalisation Methods
- Treatment of Goodwill
- Premium Method
- Revaluation Method
- Hidden Goodwill
- Admission of a Partner - Adjustment of Accumulated Profits and Losses
- Admission of a Partner - Revaluation of Assets and Liabilities
- Meaning
- Adjustment of accumulated Profits and Losses
- Adjustment of Capitals
- Admission of a Partner - Adjustment of Capitals
- Admission of a Partner - Treatment of Goodwill
- Meaning of Retirement or Death of a Partner
- Needs of Retirement Or Death of a Partner
- Retirement Or Death of a Partner - Treatment of Goodwill
- Retirement or Death of a Partner - Adjustment of Accumulated Profits and Losses
- Retirement or Death of a Partner - Revaluation of Assets and Liabilities
- Retirement Or Death of a Partner - Adjustment of Capitals
- Retirement Or Death of a Partner - New Ratio
- Retirement Or Death of a Partner - Gain Ratio
- Retirement Or Death of a Partner - Amount Due to Retiring Parter
- Reconstitution of Partnership
- Meaning
- Different forms of reconstitution
3 Reconstitution of Partnership (Admission of Partner)
- Reconstitution of Partnership
- Meaning
- Different forms of reconstitution
- Admission of a Partner
- Need
- Capital brought by new partner
- New Profit Sharing Ratio
- Sacrifice Ratio
- Concept of Goodwill
- Meaning of Goodwill
- Nature and Features of Goodwill
- Factors Affecting the Value of Goodwill
- Need for Valuation of Goodwill
- Methods of Valuation of Goodwill
- Average Profits Method
- Super Profits Method
- Capitalisation Methods
- Treatment of Goodwill
- Premium Method
- Revaluation Method
- Hidden Goodwill
- Admission of a Partner - Revaluation of Assets and Liabilities
- Meaning
- Adjustment of accumulated Profits and Losses
- Adjustment of Capitals
4 Reconstitution of Partnership (Retirement of Partner)
- Reconstitution of Partnership (Retirement of Partner)
- Introduction
- New Ratio
- Gain Ratio
- Treatment of Goodwill
- Premium Method
- Revaluation Method
- Hidden Goodwill
- Transfer of Reserve Fund Or General Reserve/Accumulated Profit Or Loss
- Accounting for Revaluation of Assets and Reassessment of Liabilities
- Retirement Or Death of a Partner - Adjustment of Capitals
- Total Payable Amount to Retiring Partner
4 Dissolution of Partnership Firm
5 Accounts of “Not for Profit” concerns
- Not for Profit Concerns
- Features of "Not for Profit" Concerns.
Meaning and Characteristics of Not-for-Profit Organisation
- Receipts and Payments Account
- Meaning
- Features of Receipts and Payments Account
- Types of Receipts
- i) Capital Receipts
- ii) Revenue Receipts
- Types of Payments
- i) Capital Expenditure
- ii) Revenue Expenditure
- iii) Deferred Revenue Expenditure
- Specimen of Receipts and Payments Account
- Steps in preparation of receipts and payments account
- Meaning and Concept of fund-based and non-fund-based accounting
- Feature of Receipts and Payments Account
- Effects of Adjustments-Outstanding Expenses
- Additional Information - Prepaid Expenses of the Current and Previous Year
- Effects of Adjustments-Accrued Income
- Effects of Adjustments-Income Received in Advance
- Additional Information - Subscription Received in Advance
- Additional Information - Subscription Outstanding of the Current and Previous Year
- Effects of Adjustments-Depreciation
- Additional Information - Capitalisation of Entrance Fees
- Additional Information - Creation of Special Funds Out of Donations
- Additional Information - Stock of Stationery
- Additional Information - Opening Balances of Assets and Liabilities
- Preparation of Income and Expenditure Account and Closing Balance Sheet
- Entrance, admission fees, life membership fees, legacies and special donations are to be capitalised.
- General donations and all receipts of a recurring nature such as membership fees are to be taken as revenue receipts.
- Preparation of accounts of incidental activities such as restaurant accounts are not required
- Accounts of “Not for Profit” Concerns
- Introduction
- Meaning of Not for Profit concern
- Features of Not for Profit concern
- Difference between Profit organisation and Not for Profit organisation
- Need for maintaining books of accounts and preparing final accounts
5 Reconstitution of Partnership (Death of Partner)
- Reconstitution of Partnership (Death of Partner)
- Meaning
- New Profit sharing ratio
- Gain Ratio
- Revaluation of assets and liabilities.
- Amount due to deceased partner’s executor
- Settlement of amount due
- Accounting treatment
6 Single Entry System
- Meaning of Single Entry
- Difference Between Single Entry System and Double Entry System
- Preparation of Statements for Single Entry System
- Additional Information - Additional Capital
- Effects of Adjustments-Drawings
- Additional Information - Depreciation on Fixed Asset
- Effects of Adjustments-Bad and Doubtful Debts
- Additional Information - Undervaluation of Assets and Liabilities
- Additional Information - Overvaluation of Assets and Liabilities
- Adjustments - Interest on Capital, Drawings and Loans
- Additional Information - Partners Salary
- Effects of Adjustments-Outstanding Expenses
- Effects of Adjustments-Prepaid Expenses
- Illustrations of Single Entry System
- Single Entry System Examples and Solutions
6 Dissolution of Partnership Firm
- Dissolution of Partnership Firm
- Accounting Procedure of Dissolution of Partnership Firm
- (A) Simple Dissolution
- (B) Dissolution Under Insolvency Situation
7 Bill of Exchange (Only Trade Bill)
- Introduction of Bill of Exchange (Only Trade Bill)
- Necessity of Bill of Exchange (Only Trade Bill)
- Draft Or Format of Bills
- Parties to the Bill of Exchange
- Acceptance of Bill
- Important Terms of Bills of Exchange - Term of Bill
- Important Terms of Bills of Exchange - Days of Grace
- Important Terms of Bills of Exchange - Date of Maturity
- Important Terms of Bills of Exchange - Due Date
- Honouring of Bill
- Dishonour of Bill
- Important Terms of Bills of Exchange - Noting of Bill
- Protesting of Bill
- Basic Term of Bills of Exchange - Notary Public
- Basic Term of Bills of Exchange - Noting Charges
- Accounting Treatment of Bill by the Drawer Or Holder and Drawee
- Accounting Treatment - Retaining the Bill Till Due Date. Honour Or Dishonour, Insolvency of the Drawee Or Acceptor
- Accounting Treatment - Endorsement of the Bill, Honour/ Dishonour and Also Insolvency of Acceptor
- Accounting Treatment - Discounting the Bill with the Bank Honour/Dishonour and Insolvency
- Accounting Treatment of Bill - Sending the Bill to the Bank for Collection, Honour Or Dishonour and Insolvency
- Accounting Treatment of Bill - Making Part Payment of Basic Amount, Interest and Noting Charges and Drawing of New Bill
- Accounting Treatment of Bill - Honour Or Dishonour of New Bill
- Accounting Treatment of Bill - Insolvency of the Acceptor and Settlement of His Account
- Accounting Treatment of Bill - Retirement of Bill
- Accounting Treatment of Bill - Journal Entries and Ledger
- Bill of Exchange Examples and Solutions
7 Bills of Exchange
- Bills of Exchange
- Introduction
- Necessity
- Meaning
- Definition of Bill of Exchange
- Features of bills of exchange
- Specimen of bill of exchange
- Important terms
- Parties to a Bill Exchange
- Drawer
- Drawee
- Payee
- Parties to a Promissory Note
- Maker or Drawer
- Drawee or Payee
- Contents of Format of Bill of Exchange
- Date
- Term
- Amount
- Stamp
- Parties
- For value received
- Acceptance
- Specimen of a bill of exchange
- Honour and Dishonour of Bill of Exchange
8 Company Accounts
- Share and Share Capital
- Meaning and Definition
- Types of Shares
- Treatment of share capital in Company Balance Sheet (Horizontal Form)
- Kinds of Share Capital
- Equity Share Capital
- Preference Share Capital
- Kinds of Preference shares
- Tenure of Preference Shares
- Nature and Types of Share and Share Capital
- Accounting for Share Capital
- Public Issue of Shares
- Basic Accounting Entries for Issue of Shares
- Issue of Shares at Par, Premium and Discount
- Oversubcription and Undersubscription of shares
- Calls in Arrears and Calls in Advance
- Issue of Shares for Consideration other than cash
- Share Capital - Issue and Allotment of Equity Shares
- Private Placement of Shares
- Public Subscription of Shares
- Over Subscription of Shares
- Under Subscription of Shares
- Issue at Par and Premium and at Discount
- Calls in Advance and Arrears
- Issue of Shares for Consideration Other than Cash
- Accounting Treatment of Forfeiture and Re-issue of Share
- Disclosure of Share Capital in Company’s Balance Sheet (Horizontal Form)
- Meaning and Concept of Debentures
- Issue of Debentures at Par at Premium and at Discount
- Issue of debentures at par, at premium and at discount under Companies Act 2013.
- Issue of Debentures for Consideration Other than Cash
- To promoters
- To underwriters
- To vendors
- Interest on Debentures
- Interest on debentures (with TDS)
8 Company Accounts - Issue of Shares
- Share and Share Capital
- Meaning and Definition
- Types of Shares
- Treatment of share capital in Company Balance Sheet (Horizontal Form)
- Kinds of Share Capital
- Equity Share Capital
- Preference Share Capital
- Kinds of Preference shares
- Tenure of Preference Shares
- Accounting for Share Capital
- Public Issue of Shares
- Basic Accounting Entries for Issue of Shares
- Issue of Shares at Par, Premium and Discount
- Oversubcription and Undersubscription of shares
- Calls in Arrears and Calls in Advance
- Issue of Shares for Consideration other than cash
- Forfeiture of Shares
- Accounting treatment for forfeiture of shares
- Re-issue of Forfeited Shares.
9 Analysis of Financial Statements
- Concept of Financial Statement Analysis
- Meaning of Financial Statement Analysis
- Objectives of Financial Statement Analysis
- Importance and Limitations of Financial Statement Analysis
- Tools for Financial Statement Analysis
- Comparative Statements
- Common Size Statements
- Cash Flow Analysis
- Ratio Analysis and its Types
- Concept of Accounting Ratios
- Meaning of Accounting Ratios
- Objectives of Accounting Ratios
- Classification and Computation of Accounting Ratios
- Classification of Ratios
- Traditional classification
- Functional classification
- Introductions to Current Ratio
- Introductions to Liquid Ratio
- Introductions to Gross Profit Ratio
- Operating Profit Ratio
- Return on Investment (ROI)
- ROCE
9 Analysis of Financial Statements
- Concept of Financial Statement Analysis
- Meaning of Financial Statement Analysis
- Objectives of Financial Statement Analysis
- Importance and Limitations of Financial Statement Analysis
- Tools for Financial Statement Analysis
- Tools for Financial Statement Analysis
- Comparative Statement
- Common Sized Statement
- Cash Flow Statement.
- Trend analysis
- Funds flow analysis
- Concept of Accounting Ratios
- Meaning of Accounting Ratios
- Objectives of Accounting Ratios
- Classification and Computation of Accounting Ratios
10 Computer in Accounting
- Computerized Accounting System (Cas)
- Features of computerized Accounting System
- Importance of Computerized Accounting System
- Components of Computerized Accounting System
- Comparison between manual accounting process and Computerized accounting process
- Sourcing of Accounting Software
- Accounting Packages
- Ready-to-Use
- Customized
- Tailored
- Free & Open Source
- Legal Vs. Pirated Accounting Software
