Accounts is an integral and one of the mandatory commerce subjects in class 12, making it an undeniably important discipline to study while targeting to fetch the full score in your class 12th board examination. On the day of your final show-down, it is uncertain that what would the question paper of Accounts will offer thus, by preparing an attractive project on an alluring topic would help you have a command over your marks in the subject. Class 12th students are provided with the privilege of selecting the topic by themselves and presenting their thoroughly researched ideas through for the external practical examination. Hence, it is vital to creatively put down your thoughts making sure you grab full marks in the project. If you are looking for a sample format and some latest ideas to start your Accounts project class 12, here is a blog aiming to present you with the same.
Accounts Project: Sample Format
While drafting your project, you must follow a formal tone and format so that the external examiner will be able to easily apprehend your thoughts. You can go by the below mentioned format in your Accounts project:
Name of the Project: Choose a catchy title for it but it must be crisp and relevant to the content.
Objective: Objective refers to a short description in which you mention the basic principle and the concepts you are aiming to explain.
The project aims to impart every student the foundational knowledge of the complete accounting cycle and appreciate the true meaning of Accounting which seems to be a process of classifying, summarizing and recording the accounting information as well as its analysis and interpretation.
Period of Project: The duration that was taken to complete the project has to be mentioned here.
Source Material: The case study based on which the accounting cycle has to be completed. Along with this, the Accounts project of class 12 will include the sources of information you used to gather the essential information from.
Processing Data: While collecting and processing the various data here are some important points that you must mention-
- Trial Balance
- Final Accounts
- Adjusting Entries
Tools of Analysis: You can use Pie charts, bar graphs and pictorial graphs as your representing tools.
a) Journal Rankings
Note: It is mandatory to write the narration for every journal entry.
b) Ledger Accounts
While completing your Accounts Project Class 12, you must keep in mind to prepare the ledgers in the following orders:
- Real Accounts
- Personal Accounts
- Nominal Accounts
For personal or real accounts, keep in mind the to carry the closing balance of the current years as the opening balance of the next year and then close the account.
For normal accounts transfer the balance of the account to the trading account or the profit and loss account
Trial Balance of ———- as at
d) Adjusting Journal Entries
- When preparing your Accounts Project Class 12, students must keep in mind that the format is the same as journal entries
- It is compulsory to write the narration for these entries
e) Final Accounts: Trading Account, Profit and Loss Account along with Balance Sheet
Trading and Profit and Loss Account of——-
For the year ending—–
Accounts Project Class 12 Ideas
Projects in class 12th are an essential part of aiming towards the perfect score. Hence, your idea, topic, formulation and plan of action for it should be unique. Rather asking out your seniors about the quirky ideas, it is advisable to thoroughly research about the topics on the internet. To begin with your Accounts project for class 12, here are some of the topics you can choose from:
- Journal Entries
- Ledger Accounts
- Trial Balance
- Balance Sheets
- Trading and Profit and Loss Account
- Cash Flow Statement
- Ratio Analysis
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Are you ready now to make an excellent Accounts Project Class 12? Class 12th is a crucial stage and deciding the path to proceed afterwards is one of the most vital decisions in life, Contact us at Leverage Edu and get absolutely free career counselling sessions from our career experts.