KENDRIYA VIDYALAYA GOMOH, RANCHI REGION

List of important Topics (foe High Achiever)

S.N Name of the Topics Weightage

1 Fundamental of partnership firm

i Cases of Charge against profit and Charge with Appropriation (both theory and Numericals) 3-4 marks
ii Past Adjustments (with Net Profit special care for opening capital calculations) 4 marks
2 Valuation of Gopodwill & change in Profit Sharing ratio
i Treatment of Abnormal losses/gain and other adjustments while calculating goodwill 3 marks
ii Effect of change in profit sharing ratio when goodwill, reserve & other items are given 3 marks
iii Full question i.e., Rev. A/c, part. Cap. A/C & Balance Sheet (both cases 'want to record' & 'do not
want to record') 6 marks
3 Admission of a partner
i Treatment of Hidden Goodwill (Total Capital - Combined capital)
3-4 marks
ii Treatment of Goodwill in case when an old partner Gain instead of sacrifice
iii Full question (with capital Adjustments in new profit sharing ratio) 6 Marks
4 Retirement / Death of partner
i Preperation of loan A/C 4 marks
ii Full question of Retirement with Capital adjustment 6 marks
iii Calculation of P/L Suspense with entry (when new ratio remain same & when new ratio change) 3 marks
iv Full question of Death of a partner i.e., Revaluation A/C, Part. Cap. A/C and Balance Sheet 6 marks
5 Dissolution of a Firm
i Full question of Dissolution (with difficult adjustments) 6 marks
ii Journal Entries at the time of Dissolution (special focus on realisation expenses) 4-6 marks
6 Issue of Shares
i Presentation of Share Capital in Companies Balance Sheet (Difficult cases) 3 marks
ii Forfeiture and Re-issue of shares at Par & at Premium (Single Pro-rata & double Pro-rata) 6 marks
iii Issue of shares to vendors other than cash difficult cases 3 marks
7 Issue of debentures
i Discount/Loss on Debentures written off & Preperation of Loss on issue of Debentures A/C 3 marks
ii Cases for issue and redemption of debentures (special focus on loss on issue of debentures) 3 marks
8 Presentation of Financial Statement of Companies (Ch. 1, Part-B)
i Preperation of Statement of P/L (part II) & Balance Sheet(part I) , Concept of Trade Cycle 3 marks
9 Comparative and Common Size Statements (Ch. 3 & 4)
i Comparative Balance Sheet & Common Size Balance Sheet 3 marks
10 Accounting Ratios
i Proprietary Ratio, Intt. Coverage Ratio, TRTR, ITR, Operating Ratio, Operating Profit Ratio, ROI
4 marks
ii Estimation of Increase and Decrease in given ratios specially in CR and DER
11 Cash Flow Statement
i Preperation of Cash Flow Statement (with Adjustments) 6 marks