What is Accountancy?

Accountancy is the art of communicating financial information about a business entity to users such as shareholders and managers. It is a numerical based subject and you need to have good command over ledgers, debiting and crediting balance sheets and even journal entities.

With respect to Senior Secondary Stage, an ever changing economic scenario and business environment in a state elementary business education along with accountancy as the language of business and as a source of financial information has carved out a place for itself.

Accountancy is divided into 2 parts. 60 marks are for the theory paper and 40 marks are for the practical examination and viva voce. Some important topics taught at the HSC level are as follows:

• Accounting for not for profit organizations.
• Accounting for Partnership Firms
• Accounting for Partnership Firms
• Accounting for Share Capital and Debenture