Tamil Nadu Class 12 Accountancy Syllabus 2025-26: Download PDF Below

Units

Content

No. of Periods

1. Depreciation

1.1. Introduction

1.1.1 Meaning

1.1.2. Definition

1.2. Need

1.3. Causes

1.4.Basic terms

1.4.1.Fixed asset

1.4.2. Life of an Asset

1.4.3. Residual value 1.4.4.Obsolescence

1.4.5. Effluxion of time

1.4.6. Maintenance

1.4.7. Replacement

1.5. Methods

1.5.1. Straight Line Method Illustration

1.5.2. Written Down value Method

1.5.3. Sinking fund method

1.5.4. Annuity method

1.5.5. Insurance policy method 1.5.6. Revaluation method

1.6. Calculation of amount of depreciation – illustration 1.6.1 Calculation of Rate of depreciation – illustration

1.7. Calculation of Profit or Loss on sale of asset (restricted to purchase and sale of one asset)

1.8. Preparation of Asset Account and Depreciation Account under Straight Line & Written Down method

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2. Final accounts adjustments

2.1. Introduction

2.2. Common adjustments

2.2.1. Closing stock

2.2.2. Outstanding expenses

2.2.3. Prepaid expenses

2.2.4. Accrued incomes

2.2.5. Incomes received in advance

2.2.6. Interest on capital

2.2.7.Interest on drawings

2.2.8.Interest on loans

2.2.9.Depreciation

2.2.10. Bad debts

2.2.11.Provision for bad & doubtful debts

2.2.12. Provision for discount on debtors

2.2.13. Provision for discount on creditors

2.3. Preparation of final accounts with a maximum of 20 items and 6 adjustments including closing stock. Illustration including adjusting entries, transfer entries and problems with 6 adjustments only

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3. Interpretation of financial statements

3.1 Financial statement analysis

3.1.1. Meaning

3.1.2. Significance 3.1.3.Purpose

3.1.4. Limitations

3.2. Ratio analysis 3.2.1. Meaning 3.2.2. Role

3.3. Classification of ratios 3.3.1. Liquidity ratio- meaning & calculation 3.3.1.1. Current ratio 3.3.1.2. Liquidity ratio 3.3.1.3. Quick ratio 3.3.1.4. CalculationIllustration 3.3.2. Solvency ratios

3.3.2.1. Debt/equity ratio 3.3.2.2. Debt/total funds ratio 3.3.3. Profitability ratios 3.3.3.1. Gross profit ratio 3.3.3.2. Operating ratio 3.3.3.3. Net profit ratio 3.3.3.4. CalculationIllustration 3.3.4. Activity ratios 3.3.4.1. Capital turnover ratio 3.3.4.2.Fixed assets turnover ratio 3.3.4.3. Stock turnover ratio 3.3.4.4. Debtors turnover ratio

3.4. Calculation of liquidity ratios (3) and profitability ratios (3) with necessary items only

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4. Cash Budget

4.1. Introduction 4.2. Meaning 4.3. Utility 4.4. Preparation of cash budget as per receipts and payments method (simple problems) – Illustration Maximum of 3 months restricted to five items only

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5. Accounts from incomplete records

5.1. Introduction 5.1.1. Meaning 5.1.2. Definition 5.1.3. Features 5.1.4. Limitations

5.2. Ascertainment of profit or loss 5.2.1. Statement of Affairs method 5.2.1. Preparation of statement of profit or loss illustration 5.2.1.2. Preparation of statement of affairs – illustration 5.2.2. Conversion method 5.2.2.1. Preparation of trading, profit and loss account and balance sheet with simple problems by opening important ledger accounts – debtors, creditors, cash illustration

5.3. Distinction between accounts from incomplete records and double entry

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6. Partnership basic concepts

6.1. Introduction 6.1.1. Meaning 6.1.2 Definition 6.1.3. Features

6.2. Capital 6.2.1. Fixed capital 6.2.2. Fluctuating capital. 6.2.3. Preparation of capital accounts –Illustration

6.3. Distribution of profit 6.3.1. Interest on capital 6.3.2. Interest on drawings 6.3.3. Salary, commission to a partner 6.3.4. Preparation of profit and loss appropriation account

6.4. Goodwill 6.4.1. Meaning and nature 6.4.2. Factors 6.4.3. Methods of valuing the Goodwill average period, super profit method

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7. Partnership Admission

7.1. Introduction 7.1.1. Adjustments

7.2. New profit sharing ratio illustration 7.2.1 calculation of new profit ratio and sacrificing ratio illustration

7.3.Revaluation of assets and liabilities 7.3.1. Increase in the value assets 7.3.2. Decrease in the value of assets 7.3.3. Increase in the value of liabilities 7.3.4. Decrease the value of liabilities 7.3.5. Unrecorded assets now recorded 7.3.6. Unrecorded liabilities now recorded 7.3.7.Creation of a liability 7.3.8. Profit or loss on revaluation illustration

7.4. Transfer accumulated profit or loss illustration 7.5. Transfer of accumulated reserve – illustration

7.6. Treatment of Goodwill (Revaluation method only)- illustration 7.7. Capital brought in by a new partnerillustration 7.8. Preparation of revaluation A/c, capital accounts and balance sheet after admission of a partner illustration

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8. Partnership Retirement

8.1.Introduction 8.1.1. Adjustments

8.2. New profit ratio 8.2.1. Calculation of new profit ratio – Illustration 8.2.2. Calculation of gaining ratio illustration

8.3. Revaluation of Assets and liabilities – illustration 8.4. Transfer of accumulated profit or loss illustration

8.5. Adjustment of Goodwill illustration 8.6. Transfer of reserves illustration 8.7. Transfer of the amount due to the outgoing Partner illustration

8.8. Preparation of revaluation account, capital accounts and balance sheet after retirement of a partner illustration

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9. Accounts of joint stock companies

9.1.Introduction 9.1.1. Definition 9.1.2. Characteristics

9.2. Sources of finance

9.3. Share capital 9.3.1. Meaning of shares 9.3.2. Kinds of shares 9.3.3. Types of share capital a) Authorized b) Issued c) Subscribed d) Called-up e) Uncalled f) Paid-up

9.4. Issue of shares 9.4.1. Application 9.4.2. Allotment 9.4.3. Calls

9.5. Allotment of shares including over subscription 9.5.1.Issue of shares at per illustration 9.5.2. Issue of shares at a premiumillustration 9.5.3.Issue of shares at a discountillustration

9.6. Calls in advance illustration 9.7.Calls in arrears illustration

9.8. Forfeiture of shares meaning and accounting treatment 1) Shares issued at par, 2) At a premium and 3) At a discount (simple problems)- illustration 9.9. Re-issue of forfeited shares 9.9.1. Meaning 9.9.2. Accounting treatment for reissue of forfeited shares issued 1) At par 2) At a premium 3) At a discount (simple problems)- illustration

9.10. Passing of necessary journal entries and preparation of ledger accounts and balance sheet giving effect to the above items illustration

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Parts

Marks

Part I

20 marks

Part II

14 marks

Part III

21 marks

Part IV

35 marks

Total Marks

90 marks