Accountancy Mock Tests

WB SLST 2025 Accountancy Syllabus for Class XI-XII

This syllabus is designed to provide students with a comprehensive understanding of Accountancy, preparing them for both theoretical knowledge and practical application in examinations and real-world scenarios.

1. Accounting

This section covers the fundamentals and advanced concepts of accounting, focusing on various accounting types and their applications.

• Financial Accounting: Principles of accounting, preparation of final accounts, and accounting for partnerships including profit sharing and dissolution.
• Corporate Accounting: Company accounts, accounting for amalgamation, internal reconstruction, and preparation and analysis of corporate financial statements.
• Cost & Management Accounting: Costing methods such as job, process, and batch costing, budgeting techniques, and financial analysis for decision making.

2. Auditing

This section introduces the concepts and procedures involved in auditing to ensure accuracy and compliance in financial records.

• Types of audits including statutory, internal, and cost audits.
• Audit procedures, internal control systems, and vouching of transactions.
• Asset valuation and verification techniques.
• Special audits such as tax audits and their significance.

3. Taxation

Focuses on the principles and practical aspects of taxation relevant to individuals and businesses.

• Direct Taxes: Income Tax concepts including computation of income from salary, house property, and determination of residential status.
• Indirect Taxes: Goods and Services Tax (GST) - principles, registration, invoicing, returns, and payment procedures.

4. Business Mathematics & Statistics

Equips students with mathematical and statistical tools essential for business decision-making and data analysis.

• Interest calculations including simple and compound interest, annuities.
• Sequences and series relevant to financial calculations.
• Measures of central tendency (mean, median, mode) and dispersion (variance, standard deviation).
• Index numbers and correlation analysis for economic data interpretation.

5. Financial Management

This section deals with managing finances effectively within a business context.

• Capital structure and its components.
• Cost of capital and its calculation.
• Working capital management and budgeting techniques.
• Dividend theories and policies.

6. Business Economics

Introduces economic principles that influence business operations and market behavior.

• Demand and supply analysis.
• Consumer and producer behavior theories.
• Market structures including perfect competition, monopoly, and oligopoly.
• National income concepts and measurement.
• Inflation and macroeconomic models relevant to business environment.

Important Notes: Emphasis is placed on practical problem-solving, case studies, and application of concepts to real-life business scenarios. Students should focus on understanding principles as well as developing skills to analyze and interpret financial information accurately.

Tips for Success: Regular practice of accounting problems, staying updated with current tax laws, and applying mathematical tools in business contexts will enhance exam performance.