Domain paper 301

CUET Accountancy

CUET Accountancy (paper 301) is built on the NCERT Class 12 Accountancy books. Four units are common to everyone: partnership basics, reconstitution through admission, retirement and death, dissolution, and company accounts for shares and debentures. For the fifth unit you prepare one option: analysis of financial statements (ratios, comparative and common-size statements, cash flow) or computerised accounting (CAS and spreadsheets). Expect plenty of short numericals on goodwill, ratios, interest and share forfeiture, plus match-the-following, sequencing and statement items on rules and formats. Practise the NCERT illustrations until the journal logic and formulas feel automatic.

6 units
50 questions · 60 min
+5 / −1 marking
NCERT Class 12 Accountancy Parts I and II, and Computerised Accounting System
1,66,127 appeared in 2026

What to study in each unit

Based on the official NTA 2026 syllabus, mapped to NCERT chapters.

This paper has 2 routes: Financial-statement analysis option or Computerised accounting option. Rows marked with a route belong only to that option; unmarked rows are common to both.

Unit	What to study	NCERT
Unit I: Accounting for partnership	Partnership deed contents and the Partnership Act 1932 rules when the deed is silent: equal profit share, no interest on capital or drawings, no salary, 6% p.a. interest on a partner's loan Fixed versus fluctuating capital accounts and the current account Profit and Loss Appropriation Account: interest on capital, salary, commission and interest on drawings Interest on drawings using average periods (6, 6.5, 5.5, 7.5 and 4.5 months) Guarantee of minimum profit to a partner and how the deficiency is borne Past adjustments made through partners' capital accounts Partnership deed Fluctuating capital Guarantee of profit Past adjustment	Part I Ch 1
Unit II: Reconstitution of a partnership	New profit-sharing ratio, sacrificing ratio (old − new) on admission and gaining ratio (new − old) on retirement or death Goodwill: nature, factors and valuation by average profit, super profit and capitalisation methods Treatment of goodwill through partners' capital accounts, including premium brought in by a new partner Revaluation Account and distribution of reserves and accumulated profits or losses in the old ratio Adjustment of capitals; amount due to a retiring partner and its settlement or loan account Death of a partner: share of profit till date of death, deceased partner's capital and executor's accounts Sacrificing ratio Gaining ratio Super profit Revaluation Account	Part I Ch 2–3
Unit III: Dissolution	Dissolution of partnership versus dissolution of the firm, and modes of dissolution Section 48 order of settlement: outside debts, partners' loans, partners' capital, then any surplus in the profit-sharing ratio Realisation Account: which assets and external liabilities are transferred, and what stays out (cash, bank, fictitious assets) Assets taken over by partners, unrecorded assets and liabilities, and realisation expenses Closing partners' capital accounts and the cash or bank account Realisation Account Settlement of accounts Realisation expenses	Part I Ch 4
Unit IV: Share and debenture capital	Features and kinds of companies; authorised, issued, subscribed, called-up and paid-up capital; equity and preference shares Issue at par and premium; over-subscription with pro-rata allotment; calls in arrears and in advance Uses of Securities Premium under Section 52 of the Companies Act 2013 Forfeiture and reissue of shares; transfer of the surplus on reissue to Capital Reserve Debentures issued at par, premium or discount, for consideration other than cash, and as collateral security Loss on issue of debentures (discount plus premium on redemption), interest on debentures and writing off the loss Pro-rata allotment Forfeiture Capital Reserve Collateral security	Part II Ch 1–2
Unit V: Analysis of financial statementsFinancial-statement analysis option	Balance sheet and statement of profit and loss in the prescribed form with major heads and sub-heads Objectives, tools and limitations of financial analysis; comparative (horizontal) and common-size (vertical) statements Liquidity ratios: current ratio and quick ratio (excluding inventories, prepaid expenses and advance tax) Solvency ratios (debt-equity, total assets to debt, proprietary, interest coverage) and activity ratios (inventory, trade receivables and payables turnover) Profitability ratios: gross profit, operating, net profit and return on investment Cash flow statement under AS-3: operating, investing and financing activities, the indirect method and non-cash transactions Quick ratio Common-size statement Inventory turnover Cash equivalents	Part II Ch 3–6
Unit V alternativeComputerised accountingComputerised accounting option	Meaning, components, salient features, advantages and limitations of a computerised accounting system (CAS) Grouping of accounts and codification: sequential, block and mnemonic codes Accounting information system (AIS) and its sub-systems Spreadsheet basics, formatting, pivot table reports and common error messages (#DIV/0!, #NAME?, #REF!, #VALUE!, #NULL!) Payroll, asset depreciation (SLN, DB) and loan repayment (PMT) schedules Graphs and charts for business data and their elements Mnemonic code Pivot table SLN function #REF! error	CAS Ch 1–4

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Official reference: NTA CUET UG 2026 Accountancy syllabus (paper 301, Accountancy / Book Keeping) · Checked 4 Nov 2026 · Read the official PDF (opens in a new tab) · Study notes draw on: NTA CUET (UG) 2026 syllabus: Accountancy / Book Keeping (301) (opens in a new tab), NCERT Class 12 Accountancy Part I (rationalised, reprint 2026-27) (opens in a new tab), NCERT Class 12 Accountancy Part II (rationalised, reprint 2026-27) (opens in a new tab), NCERT Class 12 Computerised Accounting System (reprint 2026-27) (opens in a new tab). This is the 2026 syllabus, not a confirmed 2027 syllabus.