How to strengthen the accountancy subject in CUET?
The study of accounting requires conceptual thinking. Calculations shouldn't be your primary topic at this point. Because it's a brand-new subject for CUET, using any application is not essential till you don't understand the principles.
The structure would be solid if your thoughts were obvious. Don't ever try to memorise anything at all and cram. Ask someone if you don't understand something just to get it clarified for you because everything will be useful to you in your future educational career.
A user needs to be extremely skilled at posting entries in a journal. In accountancy, it all begins with the journal. You will already have learned 50% of accounting if you successfully acquire the capacity to analyse every transaction that occurs and identify the debit and credit components.
Points to follow to become an expert in CUET Accountancy
Accounting is very different as compared to other subjects. The concepts of accounts are built upon one another. What you learn in Chapter 2 is always and fully based on the concept of Chapter 1. It is necessary to learn or understand the concept of each chapter before moving to the next one.
Complete all the provided homework assignments if you desire to study accounting. Practising with accounting issues is the best approach to learning how to conduct accounting.
Accountancy is as simple to grasp as the worksheets from your textbook, study materials, and in-class assignments. You will learn to account if you put effort into solving your assignment issues.
Try to summarise a new concept you just finished learning from your textbooks. Communicate the novel idea to something or to oneself. It is much more beneficial to put thoughts into words and then speak them aloud rather than to repeatedly read a text.
CUET Accountancy syllabus
1. Accounting for Not-for-Profit Organisations and Partnership Firms
Unit I: Accounting Not-for-Profit Organisation
1. Not-for-profit organization: Meaning and Examples.
2. Receipts and Payments: Meaning and Concept of fund-based and non-fund-based accounting.
3. Preparation of Income and Expenditure Account and Balance sheet from receipt and payment account with additional information.
Unit II: Accounting for Partnership
1. Nature of Partnership Firm: Partnership deed (meaning, importance).
2. Final Accounts of Partnership: Fixed v/s Fluctuating capital, Division of profit among partners, Profit and Loss Appropriation account.
Unit III: Reconstitution of Partnership
1. Changes in profit sharing ratio among the existing partners – Sacrificing ratio and Gaining ratio.
2. Accounting for Revaluation of Assets and Liabilities and Distribution of reserves and accumulated profits.
3. Goodwill: Nature, Factors affecting and Methods of valuation: Average profit, Super profit, Multiplier, and Capitalisation methods.
4. Admission of a Partner: Effect of admission of a partner, Change in profit sharing ratio, the Accounting treatment for goodwill, Revaluation of assets and liabilities, Reserves (accumulated profits), and Adjustment of capitals.
5. Retirement/Death of a Partner: Change in profit sharing ratio, Accounting treatment of goodwill, Revaluation of assets and liabilities, Adjustment of accumulated profits (Reserves).
Unit IV: Dissolution of Partnership Firm
Meaning, Settlement of accounts: Preparation of realization account and related accounts (excluding piecemeal distribution, sale to a company and insolvency of a partner)
2. Company Accounts and Financial Statement Analysis
Unit V: Accounting for Share and Debenture Capital
1. Share Capital: Meaning, Nature and Types.
2. Accounting for Share Capital: Issue and Allotment of Equity and Preference Shares; Oversubscription and Under subscription; Issue at par, premium and at discount; Calls in advance, Calls in arrears, Issue of shares for consideration other than cash.
3. Forfeiture of Shares: Accounting treatment, Re-issue of forfeited shares.
4. Presentation of shares and Debentures Capital in the company’s balance sheet.
5. Issue of Debenture – At par, premium, and discount; Issue of debentures for consideration other than cash.
5. Redemption of the debenture.
6. Out of proceeds of fresh issue, accumulated profits, and sinking fund.
Unit VI: Analysis of Financial Statements
1. Financial Statements of a Company: Preparation of simple financial statements of a company in the prescribed form with major headings only.
2. Financial Analysis: Meaning, Significance, Purpose, Limitations.
3. Tools for Financial Analysis: Comparative statements, Common size statements.
4. Accounting Ratios: Meaning and Objectives, Types of ratios:
5. Liquidity Ratios: Current ratio, Liquidity ratio.
6. Solvency Ratio: Debt to equity, Total assets to debt, Proprietary ratio.
7. Activity Ratio: Inventory turnover, Debtors turnover, Payables turnover, Working capital turnover, Fixed assets turnover, Current assets turnover.
8. Profitability Ratio: Gross profit, Operating ratio, Net profit ratio, Return on Investment, Earning per Share, Dividend per Share, Profit Earning ratio.
Unit VII: Statement of Changes in Financial Position
Cash Flow Statement: Meaning and Objectives, Preparation, Adjustments related to depreciation, dividend and tax, sale and purchase of non-current assets (as per revised standard issued by ICAI).
3. Computerized Accounting System
Unit I: Overview of Computerized Accounting System
1. Concept and Types of Computerised Accounting System (CAS).
2. Features of a Computerised Accounting System.
3. Structure of a Computerised Accounting System.
Unit II: Using Computerised Accounting System
1. Steps in the installation of CAS, Preparation of chart of accounts, Codification, and Hierarchy of account heads.
2. Data entry, Data validation, and Data verification.
3. Adjusting entries, Preparation of financial statements, Closing entries, and Opening entries.
4. Security of CAS and Security features are generally available in CAS. Students are expected to understand and practice the entire accounting process using an accounting package.)
Unit III: Accounting Using Database Management System (DBMS)
1. Concepts of DBMS. Objects in DBMS: Tables, Queries, Forms, Reports.
2. Creating data tables for accounting.
3. Using queries, forms, and reports for generating accounting information. Applications of DBMS in generating accounting information such as shareholders’ records, sales reports, customers’ profiles, suppliers’ profiles payroll, employees’ profiles, and petty cash registers.
Unit IV: Accounting Applications of Electronic Spreadsheet
1. Concept of an Electronic Spreadsheet (ES).
2. Features offered by Electronic Spreadsheet.
3. Applications of Electronic spreadsheets in generating accounting information, preparing depreciation schedules, loan repayment schedules, payroll accounting, and other such companies.
Important MCQ Questions for CUET domain subjects
Frequently Asked Questions
The CUET Accountancy syllabus is based entirely on the NCERT Class 12 curriculum. It includes all the major chapters that students study during their academic year. The key areas of focus include:
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Accounting for Partnership Firms: This section deals with fundamentals like capital accounts, interest on drawings, adjustments, changes in profit-sharing ratios, admission, retirement, death, and dissolution of a partnership.
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Accounting for Not-for-Profit Organizations (NPOs): Students must understand how to prepare Receipt and Payment Accounts, Income and Expenditure Accounts, and Balance Sheets.
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Company Accounts: Topics include the issue of shares, debentures, forfeiture and reissue of shares, redemption of debentures, and preparation of financial statements.
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Financial Statement Analysis: Students should focus on tools such as comparative statements, common-size statements, ratio analysis, and cash flow statements.
Among these, Partnership Firms and Company Accounts usually have a higher weightage due to their complexity and application-based nature. However, each section is significant, and skipping any topic may lower your score. Regular practice and revision of all topics, especially accounting treatments and formats, will ensure success. Many CUET questions are directly based on the standard formats and journal entries taught in school, so being thorough with NCERT examples and exercises is key.
Preparing for CUET Accountancy MCQs involves a combination of conceptual understanding and consistent practice. Since all questions are objective-type and based on NCERT, students need to focus on:
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Strong Conceptual Foundation: Understand each concept clearly. For example, knowing why a particular journal entry is made is just as important as memorizing it.
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Practice Chapter-wise MCQs: Break down your preparation topic-wise—solve objective questions for each chapter like Partnership, NPOs, and Company Accounts. This ensures deep understanding and topic mastery.
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Revise Theoretical Concepts: Some questions in CUET are theoretical and test your understanding of definitions, principles, and accounting assumptions. Regular reading and note-making help here.
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Use Online Platforms: Use websites like home-tution.com that provide CUET-specific MCQs and practice tests with detailed solutions.
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Mock Tests and Time Management: Solve full-length mock tests to practice time management and build exam temperament.
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Work on Mistakes: Analyze wrong answers after each test and revise those concepts again.
By maintaining a balance between theory and practical questions and practicing regularly, you’ll improve accuracy, speed, and confidence for CUET Accountancy.
Yes, for CUET Accountancy, NCERT textbooks are more than sufficient because the exam strictly follows the Class 12 NCERT curriculum. The test does not go beyond what is taught in school, making NCERT books your most reliable resource.
Here's why NCERT is enough:
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Structured Content: NCERT books offer a clear, concept-based explanation of accounting topics. The theory sections, along with illustrative examples, help build strong fundamentals.
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Practice Questions: At the end of each chapter, NCERT provides both theoretical and numerical problems that mirror CUET-style MCQs when converted into objective format.
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Exam-Relevant: Since CUET is an entrance exam based on core concepts, the type of questions asked usually revolve around the same formats and scenarios given in the NCERT book.
That said, supplementary resources such as question banks, chapter-wise MCQs, and mock tests from trusted platforms (like home-tution.com) are useful for practice and self-assessment.
If you’re aiming for high accuracy in CUET Accountancy, follow this strategy:
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First, thoroughly read and understand NCERT.
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Then, move on to solving MCQs.
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Finally, take topic-wise tests and revise frequently.
In conclusion, NCERT is the foundation for CUET Accountancy, and with additional objective practice, you can easily perform well.
The CUET Accountancy exam features MCQs (Multiple Choice Questions) that test your grasp of both theoretical knowledge and practical application of concepts. Most questions are moderate in difficulty but require precision and time management.
Here are the common types of questions you’ll encounter:
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Theory-Based MCQs: These test definitions, accounting concepts, and principles. For example, you may be asked about the meaning of goodwill, accounting assumptions, or features of partnership firms.
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Numerical MCQs: These involve calculations based on journal entries, financial statements, ratio analysis, and cash flow. For example, finding the value of a partner's capital account after adjustments.
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Application-Based Questions: These test your ability to apply concepts in real scenarios. For instance, analyzing the impact of share forfeiture or preparing an extract of a balance sheet.
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Match-the-Column or Assertion-Reason: These may be used to test your comprehension of related topics.
As for difficulty, CUET Accountancy is not too tough if you are well-prepared. The questions are straightforward and based on what you’ve already studied in Class 12, particularly from NCERT.
To succeed:
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Practice solving questions quickly and accurately.
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Focus on common errors like incorrect ledger formats or misapplied formulas.
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Use mock tests to simulate the real exam environment.
With consistent effort and the right resources, CUET Accountancy can be one of the highest-scoring sections for commerce students.
You must do the calculation on a consistent basis to boost efficiency. Constant calculating practice helps individuals avoid problems and display the results more quickly.
The important accounting formulas need to be kept practiced by each student. A formula sheet must be prepared by them for quickly reviewing material before exams.
Yes, accountancy is one of the most time-consuming subjects and it requires a lot of practice work to cover all the topics according to the given time.
If students prepare for the CUET Accountancy test in the correct way and method, it will be simple. The greater users realise the exam standards, the more clearly they will be able to follow the syllabus, exam format, and question papers.
Also understand the forms, such as the ledger, balance sheet, and journal layouts. They are an influence on mark reductions as well. Study more of the longer and a little more challenging chapters, such as Depreciation, BRS, and Balance Sheets.