Finance

Top 5 Methods To Score 100 In Accountancy

Top 5 Methods To Score 100 In Accountancy

One of the most important disciplines for commerce students is accounting. The good news is that Accountancy is a high-scoring subject, so you can get full points if you understand the concept of accounts. However, because accountancy question papers are typically lengthy and require producing accounts in prescribed formats, the issue is in effectively managing your time. Even so, pupils can easily get full marks in the accounting subject in class 12th.

It is a frequent student goal to achieve a perfect score in Accountancy. This is neither impossible nor implausible.

Accountancy is one of the most important subjects for commerce students, and it can be a high-scoring subject if a student understands the principles and formulas. Because you’ve all been studying accountancy since grade 11, you’ve all gotten a pretty decent handle on the subject. Getting a 95 percent score, on the other hand, is a whole new ballgame – but here are a few pointers to help you get near.

Tips to score 100 in Accounts 

One of the most important disciplines for commerce students is accounting. The good news is that Accountancy is a high-scoring subject, so you can get full points if you understand the concept of accounts. However, because accountancy question papers are typically lengthy and require producing accounts in prescribed formats, the issue is in effectively managing your time. Even so, pupils can easily get full marks in the accounting subject in class 12th. We’ve got a few pointers for you –

  • Time management- For the best results, three hours must be managed with care. Use the test hall reading time to remove the options in the 8 marker questions. Section B should take no more than 40 to 45 minutes to complete. Answer the 8-mark questions in no more than 20 minutes. Make the most of your three hours by completing the complete paper with some time left over for revision. Extra writing will not benefit you and will only waste your time. For example, if the question only requires the capital account, there is no need to produce the balance sheet; similarly, if the question only requires journal entries, there is no need to construct the ledger account and balance sheet.
  • Have a positive attitude- Many problems can be solved with a positive mindset. This is a critical skill to possess around exam time. For all pupils, attitude is crucial since it displays both your personality and your confidence or self-assurance. It aids you in passing your tests with flying colours. The greatest method to divert your attention away from it is to engage in your interests. It is a stress-free method of treatment.
  • Choosing the correct books- Because they are based on the most recent exam pattern and CBSE syllabus, the NCERT Class 12th Accountancy textbooks are highly renowned for their updated and extensively rewritten syllabus. NCERT keeps the Accountancy books up to date by using the most recent question papers from each year. NCERT’s Class 12 Accountancy books are well-known for their presentation. The utilisation of Class 12 Accountancy NCERT Books is beneficial not only for studying the standard syllabus of several boards, but also for candidates taking various competitive exams.
  • Revise as much as possible- Make a strategy for getting ready. Take one day to thoroughly review ideas, and then begin solving papers everyday from the next day till the day before your exam. Try solving at least two papers in one day with proper format and notes. Check your document for errors and correct them. Focus on reviewing the following five chapters in accounting and once then, focus on the other chapters.:
  1. Fundamentals
  2. Partner admission
  3. Capitalization of shares
  4. Analysis of ratios
  5. Statements of cash flow
  6. After you’ve completed these, you should revise the remaining chapters.
  • Pay attention to the presentation- When composing answers in paragraphs, make sure to highlight essential aspects. Use subheadings in your responses to draw the examiner’s attention. Students’ handwriting frequently becomes a shambles as they rush to finish their work. Please make sure that your handwriting is neat and legible while writing your answers. Keep these pointers in mind while you prepare for and write your tests. Remember that consistency in your preparations pays dividends, so stick to it and you’ll get good grades.

Other useful hacks to help you prepare

  • Understand the fundamentals, such as ledger posting and debit and credit balances.
  • Make flashcards to help you recall the definitions of new concepts like assets, debts, liabilities, and profit and loss. On your drive to school, before dinner, or even in between lectures, read these flashcards.
  • Never put off tasks till later. Accounting is a subject that must be studied in its entirety. This means that it expands on previously taught principles. You cannot begin chapter 6 without first working through chapters one through five; the longer you wait, the more work will pile up.
  • If you don’t feel like solving the numerical section, read the summary at the end of each chapter or look through the flashcards.
  • After you’ve completed your syllabus, go through it as many times as you can.
  • When you’ve finished with your syllabus, move on to paper solving to familiarise yourself with the test-taking environment. Work through the board example papers.

An Overview of the Accountancy Class 12 Syllabus

The syllabus for Accountancy Class 12 is divided into three sections, one of which is optional. Students will gain a better understanding of what the three chapters contain and how to prepare for their final exam in this portion.

  1. Accounting for Non-Profit Organizations, Partnership Firms, and Corporations is covered in Part A.

Financial Statement Analysis is covered in Part B.

Part C includes the student’s individual work as well as an oral viva.

Because of the length of the syllabus and the quantity of topics and terminology that they must understand, students in the CBSE Class 12 Commerce stream are frequently afraid of board exams. They can easily grasp Commerce stream subjects if they prepare well in advance and revise often.

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