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Gujarat Board (GSEB) Class 12th Commerce [General stream]: Important questions for Board exam of Accountancy (Part 1 & 2) [2024]

Mastering Accountancy 🚀Important Accountancy Questions for GSEB Class 12th Commerce Board Exam

Gujarat Board (GSEB) Class 12th Commerce [General stream]: Important questions for Board exam of Accountancy (Part 1 & 2) [2024]​

As the Gujarat State Board Class 12 Commerce exam approaches, preparation for the Accountancy section becomes important. In this guide, we've put together top tips and important questions for Part 1 and Part 2 of the exam to help you not only pass, but excel.

Part 1

Chapter 1. Introduction to Partnership

TopicIllustrationExercise
Short Question1,2,5 to 113(1,2,5 to 11)

Chapter 2.Final Accounts (Financial Statements) of Partnership Firm

TopicIllustrationExercise
Final Account of a partnership1,3,4,5,6,7,9,108,9,10,14,15,16

Chapter 3. Valuation of Goodwill

TopicIllustrationExercise
Question of Goodwill1,2,4,5,7,84,5,7,10,11,12

Chapter 4.Reconstruction of Partnership

TopicIllustrationExercise
Question of obtaining Sacrificing or gaining ratio2,45,6,7,8

Chapter 5.Admission of a Partner

TopicIllustrationExercise
Question of Admission of Partnership18, 22, 23, 24, 25, 27, 28, 298, 9, 11, 12, 13, 16, 17

Chapter 6.Retirement / Death of a Partner

TopicIllustrationExercise
Question of Retirement of Partnership13, 14, 20, 235, 6, 7, 10, 11, 12, 13, 15

Chapter 7.Dissolution of Partnership Firm

TopicIllustrationExercise
Journal Entry1 (1to15)3 (3,4), 5 (1 to 12), 6 (1 to 8)

Part 2

Chapter 1.Accounting for Share Capital

TopicIllustrationExercise
Journal Entry4, 7, 11, 1212, 13, 14, 15, 16, 17

Chapter 2.Accounting for Debentures

TopicIllustrationExercise
Journal entry of redemption of debenture at premium, own debenture, conversion into shares.13, 14, 15, 16, 17, 22, 2316, 17, 18, 25, 26, 27, 28

Short note: Difference between debenture and shares , Types of Debenture.

Chapter 3.Company Final Accounts

TopicIllustrationExercise
Companies Final Account149, 10

Chapter 4.Analysis of Financial Statements

TopicIllustrationExercise
Comparative statement(IMP), Common size statement2, 3, 5, 6, 9, 10, 14, 174, 7, 8, 12

Chapter 5.Accounting Ratios and Analysis

TopicIllustrationExercise
Calculation ratio (IMP: Current ratio, Liquid ratio, Debt-Equity ratio, Debtors ratio, Creditors ratio)3, 6, 10, 12, 15, 17, 18, 19, 21, 23, 30, 326,8, 9, 11, 14, 16, 17, 18, 19

Chapter 6.Cash Flow Statement

TopicIllustrationExercise
Cash flow from Operating activity Financial activity Investing activity5, 6, 8, 9, 11, 12, 1315, 16, 17, 18, 20, 21

Instructions:

1: The above mention IMP questions are prepared as per blue print 2023-24.

2: Give more importance to this IMP questions.

3: This above IMP question are according to intelligence and past experience of papers, Prepare other questions also from text book after this.

Tips for Scoring good marks:

1. Consistent Revision Regularly revisit your notes and practice questions. Consistent revision reinforces your understanding and boosts confidence. Aim for short, focused study sessions to maximize retention.

2. Mock Exams
Simulate exam conditions by taking mock exams. This not only familiarizes you with the exam format but also helps manage time effectively. Identify weak areas and revise accordingly.

3. Stay Calm and Confident As the exam day approaches, stay calm. Believe in your preparation and abilities. A confident mindset can make a significant difference in your performance.

Supporting the Learning Process

1. Online Resources Explore online platforms for additional resources. Interactive videos, practice quizzes, and explanatory articles can provide a fresh perspective and enhance your understanding.

2. Study Groups Joining a study group can be beneficial. Discussing concepts with peers helps reinforce your learning and provides different viewpoints on complex topics.

Conclusion

By incorporating these strategies into your preparation, you're not just aiming to pass the Gujarat Board Class 12th Commerce exam; you're setting the stage for success. Remember, mastering accountancy is not just about clearing an exam—it's about acquiring skills that will serve you in the real world. Best of luck on your journey to academic excellence!