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Downloaded from www.studiestoday.com Chapter I'm Accounting for Not for profit organization 1) Is it possible for one hospital to have an income and expenditure account whereas another has a profit
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How to fill out CBSE Class 12 Accountancy:

01
Start by obtaining the necessary materials such as the accountancy textbook, question papers, and other relevant resources.
02
Familiarize yourself with the syllabus and exam pattern to understand the topics and weightage of marks.
03
Create a study schedule to manage your time effectively and allocate sufficient time for each topic.
04
Begin by understanding the basic concepts of accountancy, such as the principles, rules, and conventions.
05
Read the chapters thoroughly, highlighting important points and making notes for future reference.
06
Practice solving numerical problems and case studies to develop your problem-solving skills.
07
Pay attention to topics like partnership accounting, financial statements, analysis of financial statements, cash flow statement, etc., as they carry significant weightage in the exam.
08
Revise frequently to reinforce your understanding of the concepts and to improve retention.
09
Solve previous year question papers and sample papers to get an idea of the exam pattern and gain confidence in answering different types of questions.
10
Finally, on the day of the exam, manage your time effectively, read the questions carefully, and answer them systematically.

Who needs CBSE Class 12 Accountancy?

01
Students studying Commerce in Class 12, especially those opting for the Commerce stream in higher education, need CBSE Class 12 Accountancy.
02
Individuals preparing for competitive exams like CA (Chartered Accountancy), CMA (Cost & Management Accountancy), or CS (Company Secretary) often take Accountancy in Class 12 to build a strong foundation in the subject.
03
Students interested in pursuing a career in finance, banking, or business management can benefit from studying Accountancy in Class 12 as it provides them with essential skills and knowledge in financial accounting and analysis.
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CBSE Class 12 accountancy is a subject that focuses on financial accounting, financial statements, and analyzing financial data.
Students studying in CBSE Class 12 with accountancy as a subject are required to study and appear for the examination.
To fill out CBSE Class 12 accountancy, students need to understand the concepts, principles, and rules of accounting, practice solving accounting problems, and complete assignments and projects.
The purpose of CBSE Class 12 accountancy is to provide students with a foundation in accounting principles, prepare them for higher studies in commerce, and develop their skills in financial management.
Information reported on CBSE Class 12 accountancy includes financial transactions, preparation of financial statements like balance sheet and profit and loss account, and analysis of financial data.
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