CBSE class 12 Accountancy: Tips and tricks to get good marks

The Central Board of Secondary Education (CBSE) Accountancy exam is slated for March 31. Students must have already completed their initial round of prep for the exam. But studying the chapters needs to be complemented with solving a number of question papers to ensure one is exam-ready.

To make it easier for students, Neha Nayyar, PGT Commerce, Apeejay School, Pitampura, shared some important tips not just for preparation but also for the final day of the exam.

How to study?

•         Do a briefing of the concepts of every chapter before doing the practical part of it.

•         Pick these three category-based questions from each chapter:

    1. NCERT questions

    2. Previous year board questions and

    3. The questions that cover all the minute concepts from the chapter

•         Practice CBSE sample papers to understand the pattern and brush up your speed.

•         Practice mock test papers that follow the Board exam pattern.

•         Analyse your mistakes from the mock test papers, go back to the topics, and practice more of similar questions.

•         Practice missing value questions as well.

Also Read: Class 12 Board exams: Here are some dos and don’ts for Economics

What to do on D-Day

Here’s what the Apeejay teacher suggests:

·         Sequence of the paper and presentation is extremely important.

·         A very important rule of thumb – each question should take double the time of its marks which means an 80 marks accountancy paper should take 160 minutes to solve the complete paper and extra 20 minutes to revise the paper and fill up the gaps in your sheet.

·         Accountancy answer sheet comes with ready-made formats for journal and different ledger accounts. Students can utilise them for better presentation and time management. The narration and name of the company at the top of the ledger account are also part of the format. Do not ignore that.

·         Working notes are very important and they complete your answer. Working notes on the calculation of the number of shares/debentures, the calculation of capital reserve, and the calculation of profit/loss on the sale of assets under the cash flow statement, are some of the examples.

·         Use your reading time judiciously. In Partnership Accounts, understand whether journal entries have been asked or ledger accounts. Under Company Accounts, take a closer look at whether the number of shares/debentures are given or the complete amount. These are very common errors that students commit in the Accountancy paper.

·         For multiple choice questions, pick keywords from the question statement and solve accordingly like “per month”, “per quarter”, “charge against profit”, and others.