Accountancy /
For the Year 2025
Bookkeeping – 301
Syllabus for NCET
2025
Note:
There will be one Question Paper which will have 28 questions out of which 25 questions need to be attempted.
Unit I: Accounting for Partnership
• Nature of Partnership Firm: Partnership deed (meaning, importance).
• Final Accounts of Partnership: Fixed v/s Fluctuating capital,
• Division of profit among partners, Profit and Loss Appropriation account.
Unit II: Reconstitution of Partnership
• Changes in profit sharing ratio among the existing partners – Sacrificing ratio and Gaining ratio.
• Accounting for Revaluation of Assets and Liabilities and Distribution of reserves and accumulated
profits.
• Goodwill: Nature, Factors affecting and Methods of valuation: Average profit, Super profit,
Multiplier and Capitalisation methods.
• Admission of a Partner: Effect of admission of partner, Change in profit sharing ratio, accounting
treatment for goodwill, Revaluation of assets and liabilities, Reserves (accumulated profits) and
adjustment of capitals.
• Retirement/Death of a Partner: Change in profit sharing ratio, accounting treatment of goodwill,
revaluation of assets and liabilities, Adjustment of accumulated profits (Reserves).
Unit III: Dissolution of Partnership Firm
• Meaning, Settlement of accounts: Preparation of realisation account and related accounts
(excluding piecemeal distribution, sale to a company and insolvency of a Partner)
Unit IV: Company Accounts : Accounting for Share and Debenture
• Share Capital: Meaning, Nature and Types
• Accounting for Share Capital: Issue and Allotment of Equity and Preference Shares; Over
subscription and Under subscription; Issue at par, premium and at discount; Calls in advance, Calls
in arrears, Issue of shares for consideration other than cash.
• Forfeiture of Shares: Accounting treatment, Re-issue of forfeited shares.
• Presentation of shares and Debentures Capital in company’s balance sheet.
• Issue of Debenture – At par, premium and discount; Issue of debentures for consideration other
than cash.
Unit V: Analysis of Financial Statements
• Financial Statements of a Company: Preparation of simple financial statements of a company in
the prescribed form with major headings only.
• Financial Analysis: Meaning, Significance and Purpose, Limitations.
• Tools for Financial Analysis: Comparative statements, Common size statements.
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• Accounting Ratios: Meaning and Objectives and types: Liquidity Ratio, Solvency Ratio, Activity
Ratio, Profitability Ratio
• Cash Flow Statement: Meaning and Objectives, Preparation, Adjustments related to depreciation,
dividend and tax, sale, and purchase of non-current assets (as per revised standard issued by ICAI).
Optional to Unit V
Unit V: Computerized Accounting System
• Overview of Computerized Accounting System
• Concept and Types of Computerized Accounting System (CAS),
• Features of a Computerized Accounting System, Advantages, limitations
• Structure of a Computerized Accounting System: chart of accounts, Codification and Hierarchy
of account heads.
• Accounting Applications of Electronic Spreadsheet
• Features offered by Electronic Spreadsheet. Applications of Electronic Spreadsheet in generating
accounting information, preparing depreciation schedule, loan repayment schedule, payroll
accounting.
• Graphs and Charts in electronic spreadsheet
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