How to Score Good Marks in Class 12: Accountancy is one of the important subjects as students who opt for commerce stream usually aim after 12th standard for a career in Chartered Accountancy and Finance.
Scoring good marks in Accountancy in CBSE Class 12 has always been a challenge for the students because unlike Arts and Science subjects, it is not offered to them in middle school. It is also one of the important subjects as students who opt for commerce stream usually aim for a career in Chartered Accountancy and Finance after their class 12th. Here are some tips which can help the students to score high marks.
Prepare a customised plan
This is the first time that students are attempting the term-wise exam with the syllabus divided into two parts. However, time is short to prepare for the upcoming exams as it appears that there are back-to-back practical exams and pre-boards of students in the coming months amid holidays like Holi, Ramzan, and Shivratri. So, students must plan their study, practice, and revision timetable in advance and follow it diligently.
Break syllabus into smaller parts
It is best to break the course into smaller parts. For example, the syllabus of term-2 can be divided into the following three parts:
- Not-for-profit organisations.
- Partnership – Retirement/death of a partner and dissolution of partnership.
- Company accounts – Debentures and financial statement analysis – Common size and comparative statements and cash flow statement.
Students should allocate enough time to each part during their preparation and assess their ability and understanding of these parts at least twice a week till the exam.
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Pay attention while writing numerals
Read the digits or marks given in the questions carefully and pay attention while writing in the answer sheets. Be careful not to write extra zeros or leave any as this can change the whole answer and deduct your marks. Try to write the amounts in a certain order so that you can quickly add up when needed.
Write complete answers
Read the question at least twice before answering. Avoid writing anything that is not asked or relevant to the question. It will only waste time and will not bring any points.
Make sure to solve all the sub-sections of a question at once. For example, it is a common mistake that students prepare accounts in questions of dissolution while questions may only require them to provide journal entries. In the cash flow statement, the total cash flows from all activities should be equal to the difference between the closing and opening balances of cash and cash equivalents.
Be specific about how you write the answer. It should always be the wrong format, Dr and Cr should be on the right side of the ledger account and journal entries should have a narration part. Account headings should always be appropriate.
Check and double-check to ensure the quality of your answer
Always keep some time for revision in the exam. In a rush to complete the paper, students make spelling mistakes, numerical mistakes, or leave a sub-section of a question unanswered and write the wrong account format. Make sure to take some time to revise and check these important things.