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Gujarat Board Class 12 Elements of Accounts — Formula Sheet

Gujarat Board Class 12 Elements of Accounts formula sheet, chapter by chapter — 18 formulas across 5 chapters. Follows the GSEB syllabus.

How to Use the Formula Sheet

  1. Write, don't just read — writing each formula out helps it stick.
  2. Understand the derivation — you can rebuild a formula you half-remember.
  3. Group related formulas — link the ones that build on each other.
  4. Test yourself — cover the sheet and write the formulas from memory.

Chapter-Wise Formulas — 5 Chapters

2

Accounting for Share Capital

2 entries
Uncalled Capital = Subscribed Capital − Called-up Capital
Paid-up Capital = Called-up Capital − Calls-in-Arrears
The full Accounting for Share Capital formula sheet
3

Final Accounts (Financial Statements) of Partnership Firm

3 entries
Gross Profit = Credit Side Total - Debit Side Total
Cost of Goods Sold = Opening Stock + Purchases - Purchase Return + Direct Expenses - Closing Stock
Closing Capital = Opening Capital + Additional Capital Introduced - Capital Withdrawn + Share in Divisible Profit - Share in Divisible Loss
The full Final Accounts (Financial Statements) of Partnership Firm formula sheet
4

Accounting for Debentures

3 entries
Discount on Debentures = Face Value − Issue Price
Premium on Issue = Issue Price − Face Value
ISSUE AT PAR: Face value = Issue price. Bank A/c Dr → Debenture Application & Allotment A/c Cr; then Debenture Application & Allotment A/c Dr → Debentures A/c Cr.
The full Accounting for Debentures formula sheet

2 more chapters below

Formula sheets for all 5 chapters with formulas.

Get the Formula Sheets

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Frequently Asked Questions

Where can I find Gujarat Board Class 12 Elements of Accounts Formula Sheet?

This page has formula sheet for 5 chapters of Gujarat Board Class 12 Elements of Accounts for the board exams 2027. Each chapter links to its own page with the full set.

Go through the syllabus first, then work chapter by chapter: learn the ideas, practise questions, and revise with notes and flashcards. Leave time at the end to revise every chapter once more under timed conditions.

Learn the formulas you use most first, and understand what each symbol means so you can apply them. Knowing where a formula comes from helps you rebuild it if you forget it in the exam.

Browse Formula Sheet by Chapter

5 chapters

2

Accounting for Share Capital

3

Final Accounts (Financial Statements) of Partnership Firm

4

Accounting for Debentures

5

Valuation of Goodwill

6

Company Final Accounts

More Elements of Accounts Resources

Gujarat Board Class 12

Revision Notes

Key concepts and quick revision points

Chapter Summary

Understand each chapter at a glance

Concept Maps

Diagrams showing how topics connect

Study Plan

Week-by-week preparation schedule

Syllabus

Chapter list and the topics in each

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