Maharashtra HSC Accountancy Syllabus

Name of Chapter

Topics Included

1. Introduction to Partnership

1.1 Meaning and Definitions

1.2 The Indian Partnership Act 1932

1.3 Methods of Capital Accounts:

i) Fixed Capital Method

ii) Fluctuating Capital Method

2. Partnership Final Accounts

2.1 Introduction and Necessity of Preparation of Final Accounts with Adjustments such as:

Closing stock, Outstanding expenses, Prepaid expenses, Income received in advance, Income receivable, Bad debts, Provision for doubtful debts, Reserve for discount on debtors and creditors, Depreciation, Interest on capital, drawings, and loans, Interest on investment and loans, Goods destroyed by fire/accident (insured/uninsured), Goods stolen, Goods distributed as free samples, Goods withdrawn by partners, Unrecorded purchases and sales, Capital expenditure in revenue expenses and vice versa, Bills receivable dishonoured, Bills payable dishonored, Deferred expenses, Capital receipts included in revenue receipts and vice versa, Commission to working partner/Managers based on Gross profit, Net profit, sales, etc.

3. Reconstitution of Partnership

3.1 Meaning and Ways of Reconstitution

3.2 Admission of a Partner:

3.2.1 Meaning and Need, Capital brought by new partner, New profit sharing ratio, Sacrifice ratio, Goodwill - Meaning, Methods of valuation and treatment (Average profit method, Super profit method), Adjustment of accumulated profits and losses, Revaluation of assets and liabilities, Adjustment of capitals

3.3 Retirement/Death of a Partner:

3.3.1 Meaning, New ratio, Gain ratio, Treatment of goodwill, Adjustment of accumulated profits and losses, Revaluation of assets and liabilities, Adjustment of capital, Amount due to retiring partner, Death of a partner

4. Dissolution of Partnership Firm

4.1 Simple Dissolution

4.2 Dissolution under Insolvency Situation

5. Accounts of Not-for-Profit Concerns

5.1 Introduction, Meaning, and Features of "Not-for-Profit" Concerns

5.2 Receipts and Payments Account - Meaning, Features, Distinction from Income and Expenditure Account

5.3 Preparation of Income and Expenditure Account and Balance Sheet with the following Additional Information such as: Outstanding expenses, Prepaid expenses, Accrued income, Income received in advance, Subscription received in advance, Depreciation, Capitalization of entrance fees, Creation of special funds out of donations, Stock of stationery, Opening balances of assets and liabilities, Important items (Entrance fees, Subscriptions, Legacy, Life membership fees, Sale of old assets, Scrap, Newspapers, Specific donation, General Donations, Specific Funds, Endowment fund)

6. Single Entry System

6.1 Introduction

Meaning of Single Entry System, Difference between Single Entry and Double Entry System

6.2 Preparation of Statements with Additional Information (Additional capital, Drawings, Depreciation on fixed assets, Bad debts, Reserve for doubtful debts, Undervaluation and overvaluation of assets and liabilities, Interest on loan, Interest on capital, Interest on drawings, Partner’s salary, Outstanding/Unpaid expenses, Prepaid expenses/expenses paid in advance)

7. Bill of Exchange (Only Trade Bill)

7.1 Introduction, Necessity, Meaning, Definition of Bill of Exchange

7.2 Draft/Format of Bills, Parties to the Bill of Exchange, Acceptance of Bill, Terms of Bill, Days of Grace, Date of Maturity, Due Date, Types of Bill

7.3 Honouring, Dishonouring, Noting and Protesting of Bill, Notary Public and Noting Charges

7.4 Accounting Treatment by the Drawer/Holder and Drawee in cases such as: Retaining the Bill till due date, Honour/Dishonour, Insolvency, Endorsement, Discounting with Bank, Sending to Bank for collection, Renewal of Bill, Partial payment, Retirement of Bill

8. Company Accounts Part-I

8.1 Share and Share Capital: Meaning, Nature, and Types

8.2 Accounting for Share Capital: Issue and Allotment of Equity Shares, Private Placement, Public Subscription, Over-subscription and Under-subscription, Issue at Par, Premium, and Discount, Calls in advance and arrears, Issue for non-cash consideration

8.3 Accounting for Forfeiture and Re-issue

8.4 Disclosure of Share Capital in Company's Balance Sheet (Horizontal form)

9. Company Accounts Part-II

9.1 Debentures: Meaning, Issue at Par, Premium, and Discount

9.2 Issue of Debentures for Consideration other than Cash, Interest on Debentures

10. Analysis of Financial Statements

10.1 Financial Statement Analysis: Meaning, Objectives, Limitations

10.2 Tools for Analysis: Comparative Statements, Common Size Statements, Cash Flow Analysis, Ratio Analysis

10.3 Accounting Ratios: Meaning, Objectives, Classification

10.4 Introduction to Current Ratio, Liquid Ratio, Gross Profit Ratio, Operating Profit Ratio, Net Profit Ratio, ROL, ROCI

Maharashtra HSC Accountancy Syllabus PDF

Unit/Sub-units

Objective

Marks without Option

Problem

Marks with Option

Problem

Introduction to Partnership & Partnership Final Accounts

04

12

-

12

-

Accounts of 'Not for Profit Concern'

04

12

-

12

-

Reconstitution of Partnership (Admission of Partner)

04

12

02

16

01

Reconstitution of Partnership (Retirement of Partner)

04

12

02

16

01

Dissolution of Partnership Firm

02

04

-

04

-

Bill of Exchange

02

04

-

04

-

Reconstitution of Partnership (Death of Partner)

02

02

-

02

-

Company Accounts-Issue of Shares

02

02

-

02

-

Analysis of Financial Statements

02

02

-

02

-

Computer in Accounting

01

01

-

01

-

Total 

20

60

01

96

20

Grand Total

80

-

116

-