In this blog, we will explore the CUET Accountancy Syllabus for 2024 exam. If you’re a 2024 CUET Aspirant and wondering what you’ll be studying for your Accountancy domain subject, you’ve come to the right place. We’ll break down the topics in a simple, easy-to-understand, and in best-detailed way, so you can get a clear idea about what’s in store for your Accountancy learning journey for cuet entrance exam. This article aims to provide a detailed outline of the CUET Accountancy Syllabus for the 2024 Exam, along with engaging content and the CUET previous year’s Accountancy question paper to help you excel in the exam. Let’s dive in!
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NTA CUET Accountancy Exam Pattern For 2024 Exam
The CUET Examination will be conducted in a computer-based test (CBT) mode. The question paper will be strictly based on the NCERT syllabus for class 12 Accountancy.
| Subjects | No. of questions to be attempted | Duration of the exam |
| Language (any one language out of 13 languages ) | 40 out of 50 questions. | 45 minutes for each language |
| Domain Subjects (maximum of 6 subjects from those 27 subjects) | 40 out of 50 questions. | 45 minutes for each subject |
| General Test | 60 Questions to be attempted out of 75 | 60 Minutes (1 hour) |
NTA CUET Accountancy Marking Scheme 2024
NTA has confirmed the exam pattern & the CUET marking scheme for the upcoming CUET exam in 2024. As per the official CUET notification, 5 marks will be awarded for every correct attempt, and 1 mark will be deducted for every incorrect attempt.
| Total Marks | 200 |
| Correct Answer | +5 |
| Wrong Answer | -1 |
| Unanswered | 0 |
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CUET Accountancy Syllabus For 2024 Exam (Detailed Syllabus)
A clear understanding of the syllabus is essential for success. Here, we break down the CUET Accountancy Syllabus 2024 exam in detail and provide you with a link to download the PDF version.
Accounting for Not-for-Profit Organizations and Partnership Firms
Unit I: Accounting Not-for-Profit Organisation
- Not-for-profit organization: Meaning and Examples.
- Receipts and Payments: Meaning and Concept of Fund-based and non-fund-based Accounting.
- Preparation of Income and Expenditure Account and Balance sheet from receipt and payment account with additional information.
Unit II: Accounting for Partnership
- Nature of Partnership Firm: Partnership deed (meaning, importance).
- Final Accounts of Partnership: Fixed v/s Fluctuating capital, Division of profit among partners, Profit,
and Loss Appropriation account.
Unit III: Reconstitution of Partnership
- Accounting for Revaluation of Assets and Liabilities and Distribution of reserves and
accumulated profits. - Goodwill: Nature, Factors affecting and Methods of valuation: Average profit, Super profit,
Multiplier, and Capitalization methods. - 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 capital. - 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)
Company Accounts and Financial Statement Analysis
Unit V: Accounting for Share and Debenture Capital
- Share Capital: Meaning, Nature, and Types.
- Accounting for Share Capital: Issue and Allotment of Equity and Preference Shares; Over
subscription and Under subscription; Issue at par, premium, and at discount; Calls in advance, Calls in
arrears, Issue of shares for consideration other than cash. - Forfeiture of Shares: Accounting treatment, Re-issue of forfeited shares.
- Presentation of shares and Debentures Capital in the company’s balance sheet.
- Issue of Debenture – At par, premium, and discount; Issue of debentures for consideration other
than cash. - Redemption of the debenture.
- Out of proceeds of fresh issue, accumulated profits, and sinking fund.
Unit VI: Analysis of Financial Statements
- Financial Statements of a Company: Preparation of simple financial statements of a company in the
- prescribed form with major headings only.
- Financial Analysis: Meaning, Significance, Purpose, Limitations.
- Tools for Financial Analysis: Comparative statements, Common size statements.
- Accounting Ratios: Meaning and Objectives, Types of Ratios:
Liquidity Ratios: Current ratio, Liquidity ratio.
Solvency Ratio: Debt to equity, Total assets to debt, Proprietary ratio.
Activity Ratio: Inventory turnover, Debtors turnover, Payables turnover, Working capital
turnover, fixed assets turnover, and Current assets turnover.
Profitability Ratio: Gross profit, Operating ratio, Net profit ratio, Return on Investment, Earnings 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).
Computerized Accounting System
Unit I: Overview of Computerized Accounting System
- Concept and Types of Computerized Accounting System (CAS).
- Features of a Computerized Accounting System.
- Structure of a Computerized Accounting System
Unit II: Using a Computerized Accounting System
- Steps in the installation of CAS, Preparation of chart of accounts, Codification, and Hierarchy of
account heads. - Data entry, Data validation, and Data verification.
- Adjusting entries, Preparation of financial statements, Closing entries, and Opening entries.
- 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)
- Concepts of DBMS.Objects in DBMS: Tables, Queries, Forms, Reports.
- Creating data tables for accounting.
- 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 Spreadsheets
- Concept of an Electronic Spreadsheet (ES).
- Features offered by Electronic Spreadsheet.
- Applications of Electronic Spreadsheet in generating accounting information, preparing
depreciation schedules, loan repayment schedules, payroll accounting, and other such
company
NCERT Accountancy Textbook Class 12th for 2024 CUET Exam
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NTA CUET Accountancy Syllabus 2024 PDF Download
The NTA (National Testing Agency) conducts the CUET (Common University Entrance Test) to assess students’ abilities for various university admissions. By providing the accountancy syllabus in a downloadable PDF format, we aim to make it convenient and time-saving for aspiring students like you to access and prepare for the CUET Exam 2024 thoroughly.
Download PDF:- NTA CUET Accountancy Syllabus 2024
FAQ: CUET Accountancy Syllabus For 2024 Exam
Are there any conditions for the accountancy program at CUET?
Yes, prospective accountancy students must meet the specified academic requirements for admission to the CUET program.
Is Accountancy a challenging subject for beginners?
While Accountancy can be challenging, the CUET Accountancy Syllabus 2024 is structured to provide gradual learning and support, making it accessible for beginners.
Does CUET offer scholarships for accountancy students?
CUET provides various scholarships and financial aid opportunities. Eligible students can apply for these scholarships based on specific criteria.
How often does CUET update its accountancy syllabus?
CUET typically revises its accountancy syllabus every few years to keep up with industry trends and advancements
How important is it to practice time management during the exam?
Time management is crucial as the test duration is limited. Practice solving CUET’s previous year’s question papers within the specified time frame to improve your speed and accuracy.
Related Blogs: Download NTA CUET Syllabus For 2024 Exam (PDF Available)
Download CUET Sample Papers For 2024 Exams
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Download CUET Previous Year Question Paper PDF
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