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Maharashtra State BoardHSC Commerce (English Medium) 12th Standard Board Exam
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Accounts HSC Commerce (English Medium) 12th Standard Board Exam Maharashtra State Board Syllabus 2025-26

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Maharashtra State Board 12th Standard Board Exam Accounts Syllabus - Free PDF Download

Maharashtra State Board Syllabus 2025-26 12th Standard Board Exam: The Maharashtra State Board 12th Standard Board Exam Accounts Syllabus for the examination year 2025-26 has been released by the MSBSHSE, Maharashtra State Board. The board will hold the final examination at the end of the year following the annual assessment scheme, which has led to the release of the syllabus. The 2025-26 Maharashtra State Board 12th Standard Board Exam Accounts Board Exam will entirely be based on the most recent syllabus. Therefore, students must thoroughly understand the new Maharashtra State Board syllabus to prepare for their annual exam properly.

The detailed Maharashtra State Board 12th Standard Board Exam Accounts Syllabus for 2025-26 is below.

Academic year:

Maharashtra State Board 12th Standard Board Exam Book Keeping and Accountancy Revised Syllabus

Maharashtra State Board 12th Standard Board Exam Book Keeping and Accountancy and their Unit wise marks distribution

Maharashtra State Board 12th Standard Board Exam Book Keeping and Accountancy Course Structure 2025-26 With Marking Scheme

#Unit/TopicWeightage
1  Introduction to Partnership and Partnership Final Accounts 
1  Introduction to Partnership 
2  Partnership Final Accounts 
2  Accounts of ‘Not for Profit’ Concerns 
3  Reconstitution of Partnership 
3  Reconstitution of Partnership (Admission of Partner) 
4  Dissolution of Partnership Firm 
4  Reconstitution of Partnership (Retirement of Partner) 
5  Reconstitution of Partnership (Death of Partner) 
5  Accounts of “Not for Profit” concerns 
6  Dissolution of Partnership Firm 
6  Single Entry System 
7  Bills of Exchange 
7  Bill of Exchange (Only Trade Bill) 
8  Company Accounts  
8  Company Accounts - Issue of Shares 
9  Analysis of Financial Statements 
9  Analysis of Financial Statements 
10  Computer In Accounting 
 Total -
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Syllabus

1 Introduction to Partnership and Partnership Final Accounts [Revision]
  • Concept of Partnership  

    • Meaning

    • Definition 

    • Features

  • Partnership Deed  

    • Meaning 

    • Contents 

    • Importance 

    • Provisions of the Indian Partnership Act, 1932
  • Methods of Capital Accounts  
    • Fixed Capital Method  

      • Accounting Process 

    • Fluctuating Capital Method  

      • Meaning and General Adjustments 

      • Proforma of Partners’ Capital Account

  • Fixed Capital Method > Partners' Capital Account  

    • Proforma  

    • Journal Entries

  • Fixed Capital Method > Partner's Current Account  

    • Purpose and Contents 

    • Proforma

    • Journal Entries  

    • Effects in Profit and Loss Account

  • Examples on Partners’ Capital Accounts  

    • Example 1 

    • Example 2 

    • Example 3

  • Partnership Final Accounts  

    • Accounting Process – Flowchart 

    • Need 

    • Preparation 

    • Trading Account  

      • Definition 

      • Nature and Purpose 

      • Proforma 

      • Treatment of Wages and Salaries

    • Profit and Loss Account  

      • Definition 

      • Nature and Purpose 

      • Proforma 

    • Balance Sheet  

      • Definition 

      • Nature and Purpose 

      • Proforma 

      • General Adjustments 

      • Hidden Adjustments

    • Guidelines  

      • Important Instructions

      • Trial Balance Items Treatment 

      • Problem-Solving Steps

  • Examples on Partnership Final Accounts  

    • Example 1 

    • Example 2 

    • Example 3 

1 Introduction to Partnership [Revision]
2 Partnership Final Accounts [Revision]
  • Partnership Final Accounts  

    • Accounting Process – Flowchart 

    • Need 

    • Preparation 

  • Adjustments - Income Receivable  
  • Adjustments - Interest on Capital, Drawings and Loans  
  • Adjustments - Interest on Investment and Loans  
  • Adjustments - Goods Destroyed by Fire Or Accident (Insured Or Uninsured)  
  • Adjustments - Goods Stolen  
  • Adjustments of Financial Statements - Goods Distributed as Free Samples and Manager's Commission  
  • Adjustments - Goods Withdrawn by Partners  
  • Adjustments - Unrecorded Purchases and Sales  
  • Adjustments - Capital Expenditure Included in Revenue Expenses and Vice-versa  
  • Adjustments - Bills Receivable Dishonoured  
  • Adjustments - Bills Payable Dishonoured  
  • Adjustments - Deferred Expenses  
  • Adjustments - Capital Receipts Included in Revenue Receipts and Vice-versa  
  • Adjustments - Commission to Working Partner Managers on the Basis of Gross Profit Net Profit, Sales, Etc  
2 Accounts of ‘Not for Profit’ Concerns [Revision]
  • Not for Profit Concern  

    • Meaning

    • Features

    • Need for Accounting

    • Balance Sheet  

      • Meaning and Purpose 

      • Capital Fund  

      • Implied Adjustments 

      • Specimen 

      • Additional Information 

      • Important Terms 

  • Profit Making Concerns vs. Not For Profit Concerns  
  • Receipts and Payments Account  

    • Nature  

    • Contents  

    • Features 

    • Receipts and Their Types 

    • Payments and Their Types 

    • Specimen 

  • Income and Expenditure Account  

    • Nature

    • Contents  

    • Features 

    • Specimen 

  • Receipts and Payments Account vs. Income and Expenditure Account  
  • Examples on Not for Profit Concern  

    • Example 1 

    • Example 2 

    • Example 3 

    • Example 4 

    • Example 5 

3 Reconstitution of Partnership [Revision]
  • Reconstitution of Partnership  
    • Meaning 
    • Forms 
  • Admission of a Partner  

    • Rules and Need

    • Capital Brought by New Partner  

      • Rules 

      • Accounting Treatment

    • Ratios  

      • New Ratio 

      • Sacrifice Ratio 

    • Adjustment of Other Items  

      • Accumulated Profits and Losses 

      • Capitals 

    • Revaluation of Assets and Liabilities  

      • Meaning  

      • Accounting Treatment 

      • Specimen of Revaluation Account

  • Goodwill > Methods of Valuation  
     

    • Average Profit Method 

    • Super Profit Method

  • Goodwill > Goodwill Treatment on Partner's Admission  

    • Premium Method 

    • Valuation Method 

  • Retirement of Partner  

    • Meaning 

    • Process

    • Adjustments  

      • Treatment of goodwill 

      • Transfer of Reserve Fund/Accumulated Profit or Loss 

      • Revaluation of Assets and Re-assessment of Liabilities 

      • Adjustment of Capital 

      • Calculation of Retiring Partner’s Share of Profit

      • Total Amount Payable to Retiring Partner 

       
    • Ratios  

      • New Ratio 

      • Gain Ratio

  • Needs of Retirement Or Death of a Partner  
  • Retirement Or Death of a Partner - Treatment of Goodwill  
3 Reconstitution of Partnership (Admission of Partner) [Revision]
  • Reconstitution of Partnership  
    • Meaning 
    • Forms 
  • Admission of a Partner  

    • Rules and Need

    • Capital Brought by New Partner  

      • Rules 

      • Accounting Treatment

    • Ratios  

      • New Ratio 

      • Sacrifice Ratio 

    • Revaluation of Assets and Liabilities  

      • Meaning  

      • Accounting Treatment 

      • Specimen of Revaluation Account

    • Adjustment of Other Items  

      • Accumulated Profits and Losses 

      • Capitals 

  • Basic Terms in Accounting  
    • Goodwill  
      • Definition: Goodwill
      • Factors Contributing to Goodwill
      • Types of Goodwill
      • Real-Life Examples
  • Goodwill > Methods of Valuation  
     

    • Average Profit Method 

    • Super Profit Method

  • Goodwill > Goodwill Treatment on Partner's Admission  

    • Premium Method 

    • Valuation Method 

  • Examples on Admission of Partner  

    • Example 1 

    • Example 2 

    • Example 3 

    • Example 4

4 Dissolution of Partnership Firm [Revision]
  • Dissolution of Partnership Firm  

    • Meaning 

    • Definitions 

    • Reasons  

    • Dissolution of Partnership vs. Dissolution of Partnership Firm 

    • Settlement of Accounts on Firm Dissolution

4 Reconstitution of Partnership (Retirement of Partner) [Revision]
  • Retirement of Partner  

    • Meaning 

    • Process

    • Ratios  

      • New Ratio 

      • Gain Ratio

    • Adjustments  

      • Treatment of goodwill 

      • Transfer of Reserve Fund/Accumulated Profit or Loss 

      • Revaluation of Assets and Re-assessment of Liabilities 

      • Adjustment of Capital 

      • Calculation of Retiring Partner’s Share of Profit

      • Total Amount Payable to Retiring Partner 

       
  • Examples on Retirement of Partner  

    • Example 1 

    • Example 2

5 Reconstitution of Partnership (Death of Partner) [Revision]
  • Accounting for Death of Partner  

    • Effects on Firm 

    • Ratios  

    • Adjustments  

  • Examples on Death of Partner  

    • Example 1 

    • Example 2 

    • Example 3 

5 Accounts of “Not for Profit” concerns [Revision]
  • Not for Profit Concern  

    • Meaning

    • Features

    • Need for Accounting

  • Receipts and Payments Account  

    • Nature  

    • Contents  

    • Features 

    • Receipts and Their Types 

    • Payments and Their Types 

    • Specimen 

  • Additional Information - Prepaid Expenses of the Current and Previous Year  
  • Additional Information - Subscription Received in Advance  
  • Additional Information - Subscription Outstanding of the Current and Previous Year  
  • Additional Information - Capitalisation of Entrance Fees  
  • Additional Information - Creation of Special Funds Out of Donations  
  • Additional Information - Stock of Stationery  
  • Additional Information - Opening Balances of Assets and Liabilities  
  • Income and Expenditure Account  

    • Nature

    • Contents  

    • Features 

    • Specimen 

6 Dissolution of Partnership Firm [Revision]
  • Dissolution of Partnership Firm  

    • Meaning 

    • Definitions 

    • Reasons  

    • Dissolution of Partnership vs. Dissolution of Partnership Firm 

    • Settlement of Accounts on Firm Dissolution

  • Types of Firm Dissolution  
  • Types of Firm Dissolution > Simple Dissolution  

    • Meaning  

    • Accounts Required to be Opened

  • Process of Simple Dissolution  

    • Guidelines 

    • Stages

    • Transfer Stage  

      • Meaning 

      • Journal Entries

    • Realisation Stage  

      • Meaning 

      • Journal Entries 

    • Distribution Stage  

      • Meaning 

      • Journal Entries

    • Treatment of Unrecorded (Undisclosed) Assets and Liabilities  

      • Assets and Liabilities Not Appearing in Accounts 

      • Journal Entries

    • Treatment of Goodwill  

      • If Goodwill Account Appears in the Balance Sheet 

      • If Goodwill Account Does Not Appear in the Balance Sheet 

    • Realisation Account  

      • Meaning 

      • Proforma

  • Examples on Simple Dissolution  

    • Example 1 

    • Example 2 

    • Example 3 

  • Types of Firm Dissolution > Dissolution under Insolvency Situation  

    • Important Concepts  

    • Settlement of Partner’s Debit Balance on Dissolution

    • Accounting for Partners' Capital  

      • Fixed Capital Method 

      • Fluctuating Capital Method

    • When One Partner Becomes Insolvent  

      • Example 1 

      • Example 2 

    • When Two Partners Become Insolvent  
    • When All Partners Are Insolvent  

      • Closing Books of Accounts 

      • Recovery from Insolvent Partner and Distribution of His Capital Deficiency 

      • Example 1 

      • Example 2

6 Single Entry System [Revision]
  • Concept of Single Entry System  
    • Introduction
    • Definitions
    • Reasons for Suitability
  • Parts of Single Entry System  
    • Statements of Affairs  
      • Statement of Affairs—Meaning
      • Purposes of Statements of Affairs
      • Terms and Formulae Used
      • Specimen for Statement of Affairs
  • Additional Information - Additional Capital  
  • Effects of Adjustments-Drawings  
  • Concept of Depreciation  
    • Introduction
    • Definition: Depreciation
    • Origin and Meaning of the Word “Depreciation”
    • Exceptions to Depreciation
    • Causes of Depreciation
    • Examples: Causes of Depreciation
    • Importance of Charging Depreciation
    • Examples: Importance of Charging Depreciation
    • Conditions for Charging Depreciation
    • Depreciation vs. Provisions vs. Reserves
    • Examples: Depreciation vs. Provisions vs. Reserves
    • Key Takeaways
  • Additional Information - Undervaluation of Assets and Liabilities  
  • Additional Information - Overvaluation of Assets and Liabilities  
  • Adjustments - Interest on Capital, Drawings and Loans  
  • Additional Information - Partners Salary  
  • Illustrations of Single Entry System  
7 Bills of Exchange [Revision]
  • Credit Transactions  
    • Meaning and Importance
  • Negotiable Instruments  

    • Meaning 

    • Definition  

    • Value in Business

  • Bill of Exchange  
    • Meaning
    • Definition  
    • Features
    • Parties  
    • Contents
    • Specimen
    • Important Terms  
    • Acceptance  

      • Meaning 

      • Types 

    • Due Date  

      • Meaning 

      • Types

    • Types  

      • Based on Purpose/Location 

      • Based on Time of Payment

    • Formats  

      • Format 1 

      • Format 2 

      • Format 3 

      • Format 4 

      • Format 5 

      • Format 6 

    • Honouring and Dishonouring  

      • Introduction to Honouring 

      • Introduction to Dishonouring 

      • Noting and its Charges 

      • Protesting and Notary Public

  • Due Date > Calculation of Due Date  

    • In Case of Bills Payable ‘After Date’ 

    • In Case of Bills Payable ‘After Sight’ 

  • Classification of Bills for Accounting  

    • Bills Receivable 

    • Bills Payable

  • Accounting Treatment > Retaining Bill Till Due Date  

    • Flow Chart 

    • Accounting Treatment in the Books of Drawer and Drawee 

    • Example  

  • Accounting Treatment > Discounting  

    • Meaning

    • Flow Chart 

    • Calculation of Discount 

    • Accounting Treatment in the Books of Drawer and Drawee 

    • Example 

  • Accounting Treatment > Endorsement  

    • Meaning 

    • Flow Chart 

    • Accounting Treatment in the Books of Drawer, Drawee and Endorsee 

    • Example 

  • Accounting Treatment > Bills Sent to Bank for Collection  

    • Purpose and Procedure 

    • Flow Chart 

    • Accounting Treatment in the Books of Drawer and Drawee 

    • Example

  • Renewal of Bill of Exchange  

    • Meaning, Purpose and Effects 

    • Steps 

    • Accounting Treatment in the Books of Drawer and Drawee 

    • Interest, Part Payment and Acceptance of New Bill 

    • Alternate Accounting Treatment (When Interest Paid in Cash Immediately)

  • Retirement of Bill  

    • Meaning

    • Accounting Treatment in the Books of Drawer and Drawee 

     

  • Insolvency of Drawee  

    • Meaning 

    • Accounting Treatment in the Books of Drawer and Drawee

  • Bill of Exchange Examples and Solutions  

    • Example 1 

    • Example 2 

    • Example 3 

    • Example 4 

    • Example 5 

    • Example 6 

    • Example 7

  • Promissory Note  

    • Meaning

    • Definition  

    • Parties

    • Format
7 Bill of Exchange (Only Trade Bill) [Revision]
  • Necessity of Bill of Exchange (Only Trade Bill)  
  • Bill of Exchange  
    • Meaning
    • Definition  
    • Features
    • Parties  
    • Contents
    • Specimen
    • Important Terms  
    • Honouring and Dishonouring  

      • Introduction to Honouring 

      • Introduction to Dishonouring 

      • Noting and its Charges 

      • Protesting and Notary Public

    • Honouring and Dishonouring  

      • Introduction to Honouring 

      • Introduction to Dishonouring 

      • Noting and its Charges 

      • Protesting and Notary Public

  • Accounting Treatment > Retaining Bill Till Due Date  

    • Flow Chart 

    • Accounting Treatment in the Books of Drawer and Drawee 

    • Example  

  • Accounting Treatment > Endorsement  

    • Meaning 

    • Flow Chart 

    • Accounting Treatment in the Books of Drawer, Drawee and Endorsee 

    • Example 

  • Accounting Treatment > Discounting  

    • Meaning

    • Flow Chart 

    • Calculation of Discount 

    • Accounting Treatment in the Books of Drawer and Drawee 

    • Example 

  • Accounting Treatment > Bills Sent to Bank for Collection  

    • Purpose and Procedure 

    • Flow Chart 

    • Accounting Treatment in the Books of Drawer and Drawee 

    • Example

  • Insolvency of Drawee  

    • Meaning 

    • Accounting Treatment in the Books of Drawer and Drawee

  • Retirement of Bill  

    • Meaning

    • Accounting Treatment in the Books of Drawer and Drawee 

     

  • Accounting Treatment of Bill - Journal Entries and Ledger  
  • Bill of Exchange Examples and Solutions  

    • Example 1 

    • Example 2 

    • Example 3 

    • Example 4 

    • Example 5 

    • Example 6 

    • Example 7

8 Company Accounts [Revision]
  • Concept of Share  

    • Definition 

    • Types

  • Share Capital  

    • Meaning and Types 

    • Treatment in Balance Sheet 

    • Methods of Issue

  • Private Placement of Shares  
  • Share Issue  

    • Public Issue        

    • Basic Accounting Entries 

    • Example 1  

    • Example 2 

    • Types of Share Issue  

      • Issue of Shares at a Premium 

      • Issue of Shares at Discount  

      • Issue of Shares for Consideration Other Than Cash

  • Over Subscription of Shares  

    • Meaning  

    • Types of Share Allotment 

    • Example 1 

    • Example 2 

    • Example 3 

  • Under Subscription of Shares  

    • Meaning 

    • Example

  • Calls on Shares  
    • Meaning 

    • Call in Arrears 

    • Calls in Advance 

  • Forfeiture of Shares  

    • Meaning  

    • Accounting Treatment

  • Meaning and Concept of Debentures  
  • Issue of Debentures at Par at Premium and at Discount  
    • Issue of debentures at par, at premium and at discount under Companies Act 2013.
  • Issue of Debentures for Consideration Other than Cash  
    • To promoters
    • To underwriters
    • To vendors
  • Interest on Debentures  
    • Interest on debentures (with TDS)
8 Company Accounts - Issue of Shares [Revision]
  • Evolution of Joint Stock Company  
  • Concept of Share  

    • Definition 

    • Types

  • Share Capital  

    • Meaning and Types 

    • Treatment in Balance Sheet 

    • Methods of Issue

  • Share Issue  

    • Public Issue        

    • Basic Accounting Entries 

    • Example 1  

    • Example 2 

    • Types of Share Issue  

      • Issue of Shares at a Premium 

      • Issue of Shares at Discount  

      • Issue of Shares for Consideration Other Than Cash

  • Over Subscription of Shares  

    • Meaning  

    • Types of Share Allotment 

    • Example 1 

    • Example 2 

    • Example 3 

  • Under Subscription of Shares  

    • Meaning 

    • Example

  • Calls on Shares  
    • Meaning 

    • Call in Arrears 

    • Calls in Advance 

  • Forfeiture of Shares  

    • Meaning  

    • Accounting Treatment

    • Where Shares Were Originally Issued at a Premium  

      • Accounting Treatment 

      • Example 1 

      • Example 2 

    • Where Shares Were Originally Issued at Discount  

      • Accounting Treatment 

      • Example

    • Reissue of Forfeited Shares  

      • Accounting Treatment 

      • Example 1 

      • Example 2 

      • Example 3

9 Analysis of Financial Statements [Revision]
  • Financial Statements  

    • Meaning 

    • Important Financial Statements

  • Financial Statement Analysis  

    • Meaning and Aspects

    • Objectives 

    • Limitations

  • Formats of Financial Statement Analysis  

    • Balance Sheet 

    • Profit & Loss Account (Income Statement) 

     

  • Tools of Financial Statement Analysis  
    • Common Size Statement  

      • Meaning

      • Example

      • Advantages 

      • Common Size Balance Sheet 

      • Common Size Income Statement 

  • Ratio Analysis  

    • Meaning and Example 

    • Objectives

  • Types of Ratios  
    • Tree Diagram Showing Types of Ratios
    • Balance Sheet Ratio  

      • Current Ratio 

      • Liquid Ratio

    • Income Statement Ratio  

      • Gross Profit Ratio 

      • Net Profit Ratio

      • Operating Profit Ratio 

      • Operating Ratio 

    • Combined/Mixed Ratio  

      • Return on Investment (ROI) 

      • Return on Capital Employed (ROCE)

  • Examples on Ratio Calculation  

    • Example 1 

    • Example 2 

    • Example 3

  • Examples on Comparative Financial Statements  

    • Example 1 

    • Example 2 

9 Analysis of Financial Statements [Revision]
  • Financial Statement Analysis  

    • Meaning and Aspects

    • Objectives 

    • Limitations

  • Tools of Financial Statement Analysis  
    • Common Size Statement  

      • Meaning

      • Example

      • Advantages 

      • Common Size Balance Sheet 

      • Common Size Income Statement 

  • Ratio Analysis  

    • Meaning and Example 

    • Objectives

  • Types of Ratios  
    • Tree Diagram Showing Types of Ratios
    • Balance Sheet Ratio  

      • Current Ratio 

      • Liquid Ratio

    • Income Statement Ratio  

      • Gross Profit Ratio 

      • Net Profit Ratio

      • Operating Profit Ratio 

      • Operating Ratio 

    • Combined/Mixed Ratio  

      • Return on Investment (ROI) 

      • Return on Capital Employed (ROCE)

  • ROCE  
10 Computer In Accounting [Revision]
  • Computerized Accounting System (CAS)  

    • Meaning 

    • Features 

    • Importance 

    • Components  

    • Manual Accounting Process vs. Computerized Accounting Process 

  • Accounting Software  

    • Meaning 

    • Components

    • Types  

      • By Use 

      • By Legality

  • Application of Accounting Software – Tally  

    • Introduction to Tally 

    • Creation of Company 

    • Creation of Ledger Account 

    • Creation of Voucher 

    • Voucher Types in Tally

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