MP Board Class 12 Accountancy Syllabus 2026-27

Session

Higher Secondary (Class 12) examination 2026-27, Board of Secondary Education, Madhya Pradesh.

Part 1 — Partnership and dissolution

Chapter 1 — Partnership Accounts: Basic Concepts Nature of partnership; partnership deed; special aspects of partnership accounts; maintenance of capital accounts; profit sharing; guarantee of profit; prior adjustments.

Chapter 2 — Reconstitution: Admission of a Partner Types of reconstitution; admission; new profit-sharing ratio; sacrificing ratio; goodwill; revaluation of assets and liabilities; adjustment of accumulated profits/losses; change in profit ratio among existing partners.

Chapter 3 — Reconstitution: Retirement / Death of a Partner Amount due to retiring/deceased partner; new ratios; treatment of goodwill; revaluation; settlement; adjustment of capital; death of a partner.

Chapter 4 — Dissolution of Partnership Firm Dissolution of partnership and firm; settlement of accounts; accounting treatment.

Part 2 — Company accounts and analysis

Chapter 1 — Accounting for Share Capital Features and types of companies; share capital; classes and nature of shares; issue of shares; accounting entries; forfeiture of shares.

Chapter 2 — Issue of Debentures Meaning; difference between shares and debentures; types; issue at par/premium; issue for consideration other than cash; issue as collateral security; terms of issue; interest; discount/loss on issue.

Chapter 3 — Financial Statements of a Company Meaning, nature, objectives, types, utility, importance, and limitations of financial statements.

Chapter 4 — Accounting Ratios Meaning; objectives and advantages of ratio analysis; limitations; types — liquidity, debt-paying ability, activity (turnover), profitability.

Chapter 5 — Cash Flow Statement Objectives and advantages; cash and cash equivalents; cash flow; classification of activities; cash from operating, investing, and financing activities; preparation of the statement.