How to Study Accountancy for Board Exams

Accountancy is the highest-scoring Commerce subject — but only if you practise daily. Here is the strategy to score 90%+ in your board exam.

The Accountancy Formula

• Accountancy = 70% practice + 20% understanding + 10% theory.
• You cannot score in Accountancy by reading — you must solve problems.
• Practise 5-10 problems daily — this is the minimum.
• Speed matters — board papers are lengthy. Build speed through practice.

Part A: Partnership Accounts

• Fundamentals — admission, retirement, death of a partner.
• Goodwill valuation — all three methods must be practised.
• Dissolution of partnership — journal entries and realisation account.
• These carry 35-40 marks — master them completely.

Part B: Company Accounts + Analysis

• Issue and redemption of shares and debentures.
• Financial statements — Cash Flow Statement is very important.
• Accounting ratios — Current, Quick, Debt-Equity, Profitability ratios.
• These carry 35-40 marks — predictable and scoring.

Common Mistakes to Avoid

• Not writing narrations in journal entries — costs 0.5-1 mark each.
• Incorrect formatting of financial statements — use proper headings.
• Calculation errors in ratios — double-check division and percentages.
• Not showing working notes — examiners cannot give step marks without them.

Strategy for Accountancy board exams. Last updated: February 2026.