REVISION & EXAM TIPS FOR CLASS XII ACCOUNTANCY
Ø Accountancy question paper to carry 25 questions instead of 23
Ø Value-based questions will carry 4 marks. Don’t just mention the value but give a statement in support of each value. Lay stress on values of transparency, sharing, objectivity, equality, accuracy, consistency, honesty, equity and reliability
Ø Company’s balance sheet to be prepared as per Revised Schedule III of Companies Act,2013. To guide students, CBSE has released two supplements. Go through these thoroughly
Ø Do not spend too much time on any one question. It is not wise to leave any question
Ø To begin revision, choose the topics that are easy and appeal to you the most. Practice (always in writing) and test yourself rigorously
Ø Spend some time in reading the textual questions to understand them better. Usually, small details like rate of interest, dates of starting the firm, date of retirement, fixed and fluctuating capitals, discount and premium on issue of shares and debentures make a big impact on the answer
Ø Divide the sentences in the question using comas to understand them correctly and solve them accurately
Ø Learn the accounting treatment for various adjustments and practice their application from CBSE sample and previous years’ papers. Schedule at least two-three practice papers in between 10.15am and 1.30pm (including reading time) — the actual exam timings
Ø Give special attention to calculation of sacrificing ratio, gaining ratio and new profit sharing ratio, journal entries of debenture redemption reserve, calculation of amount of surplus and refund in share capital, calculation of capital reserve, calculation of shareholders’ funds, long-term debt, liquid assets and average stock in ratio analysis
FOR EXAM
Ø Be systematic. Do not overwrite or cut Follow a sequence — write answers in ascending or descending order. Do not shuffle Do not mix questions of one part with another. This is strictly prohibited by CBSE
Ø Show proper working notes. Calculations carry marks if they have been asked for specifically in the question
Ø Write the formula even if you are not sure of final answer. Formula carry marks like in ratio analysis
Ø Do not leave any question, even if there is error in question.
TIPS FOR CLASS XII BUSINESS STUDIES
Ø The paper format has changed; you should be aware of marks the questions carry
Ø Practice at least two papers in a week. It will help you know your strengths and weaknesses and also help in time management
Ø Start revising the topics you are already thorough in. This will boost your confidence
Ø Marketing management and financial management — both commanding 14 and 12 marks, respectively — are best done early
Ø Practice last years’ board papers plus CBSE sample papers
Ø Stick to the NCERT textbook and leave no chapter. There is internal choice only in 6-mark questions
FOR EXAM
Ø Preferably start by answering 6-mark questions. Write them in 200-250 words by properly highlighting your points. Unless otherwise instructed, write at least 6 points for a 6-mark question with requisite explanation
Ø Supplement answers with diagrams and examples where possible
Ø Difference between two terms should be presented in tabular form giving basis of difference
Ø Questions should be attempted in descending order of their weightage. For questions with 1, 3 & 4 marks, students write too much and lose track of time, leaving insufficient time for questions with 5 & 6 marks
Ø Use the 15 minutes given before the paper starts to recollect answers to one-mark questions
Ø Try not to leave any question unanswered
Ø Answer all parts of a question at one place only
Ø Try not to exceed the word limit
Ø Accountancy question paper to carry 25 questions instead of 23
Ø Value-based questions will carry 4 marks. Don’t just mention the value but give a statement in support of each value. Lay stress on values of transparency, sharing, objectivity, equality, accuracy, consistency, honesty, equity and reliability
Ø Company’s balance sheet to be prepared as per Revised Schedule III of Companies Act,2013. To guide students, CBSE has released two supplements. Go through these thoroughly
Ø Do not spend too much time on any one question. It is not wise to leave any question
Ø To begin revision, choose the topics that are easy and appeal to you the most. Practice (always in writing) and test yourself rigorously
Ø Spend some time in reading the textual questions to understand them better. Usually, small details like rate of interest, dates of starting the firm, date of retirement, fixed and fluctuating capitals, discount and premium on issue of shares and debentures make a big impact on the answer
Ø Divide the sentences in the question using comas to understand them correctly and solve them accurately
Ø Learn the accounting treatment for various adjustments and practice their application from CBSE sample and previous years’ papers. Schedule at least two-three practice papers in between 10.15am and 1.30pm (including reading time) — the actual exam timings
Ø Give special attention to calculation of sacrificing ratio, gaining ratio and new profit sharing ratio, journal entries of debenture redemption reserve, calculation of amount of surplus and refund in share capital, calculation of capital reserve, calculation of shareholders’ funds, long-term debt, liquid assets and average stock in ratio analysis
FOR EXAM
Ø Be systematic. Do not overwrite or cut Follow a sequence — write answers in ascending or descending order. Do not shuffle Do not mix questions of one part with another. This is strictly prohibited by CBSE
Ø Show proper working notes. Calculations carry marks if they have been asked for specifically in the question
Ø Write the formula even if you are not sure of final answer. Formula carry marks like in ratio analysis
Ø Do not leave any question, even if there is error in question.
TIPS FOR CLASS XII BUSINESS STUDIES
Ø The paper format has changed; you should be aware of marks the questions carry
Ø Practice at least two papers in a week. It will help you know your strengths and weaknesses and also help in time management
Ø Start revising the topics you are already thorough in. This will boost your confidence
Ø Marketing management and financial management — both commanding 14 and 12 marks, respectively — are best done early
Ø Practice last years’ board papers plus CBSE sample papers
Ø Stick to the NCERT textbook and leave no chapter. There is internal choice only in 6-mark questions
FOR EXAM
Ø Preferably start by answering 6-mark questions. Write them in 200-250 words by properly highlighting your points. Unless otherwise instructed, write at least 6 points for a 6-mark question with requisite explanation
Ø Supplement answers with diagrams and examples where possible
Ø Difference between two terms should be presented in tabular form giving basis of difference
Ø Questions should be attempted in descending order of their weightage. For questions with 1, 3 & 4 marks, students write too much and lose track of time, leaving insufficient time for questions with 5 & 6 marks
Ø Use the 15 minutes given before the paper starts to recollect answers to one-mark questions
Ø Try not to leave any question unanswered
Ø Answer all parts of a question at one place only
Ø Try not to exceed the word limit
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