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CBSE Class 12th Term 2 Commerce Syllabus 2023 - PDF Download here

Rahul Raj
Rahul RajUpdated On: August 29, 2022 03:48 pm IST

CBSE Class 12th Term 2 Commerce Syllabus 2023 is provided below for commerce stream subjects viz., Accountancy, Business Studies, Economics, English Core, Mathematics, and Informatics Practices. Unit-wise weightage distribution is also provided. Read below for more information.

CBSE Class 12 Commerce Syllabus 2023

CBSE Class 12th Term 2 Commerce Syllabus 2023:- The syllabus for Class 12th Commerce has been released by the Central Board of Secondary Education (CBSE) for the 2023 academic session. With the aid of the NCERT, the syllabus for Commerce was reduced by 30% due to the COVID-19 pandemic. CBSE class 12th board exams will take place from April 26th to June 15th. CBSE Class 12th Commerce Question Paper will consist of 80 marks and 20 marks will be awarded on the basis of project work or internal assessment.

In this article, we will provide you revised class 12th Commerce syllabus for all major subjects including Accountancy, Business Studies, Economics, English Core, Mathematics, and Informatics Practices which can help you plan your preparation strategy in a better way!

CBSE Class 12 Latest Updates 2023

To be Updated!

CBSE Class 12 Term 2 Accountancy Syllabus 2023

The CBSE Class 12th Accountancy Syllabus focuses on enhancing the basic understanding of accounting and its usefulness in the execution of business transactions. The syllabus for Accountancy is further divided into two parts:

  • Part A - Accounting for Not-for-Profit Organizations, Partnership Firms and Companies 

  • Part B - Financial Statement Analysis.

Part A: Financial Accounting-1

Weightage (In Marks)

Unit-1: Theoretical Frame Work

Introduction to Accounting

  • Accounting- concept, meaning, as a source of information, objectives, advantages and limitations, types of accounting information; users of accounting information and their needs. Qualitative Characteristics of Accounting Information. Role of Accounting in Business.
  • Basic Accounting Terms- Entity, Business Transaction, Capital, Drawings. Liabilities (Non Current and Current). Assets (Non Current, Current); Expenditure (Capital and Revenue), Expense, Revenue, Income, Profit, Gain, Loss, Purchase, Sales, Goods, Stock, Debtor, Creditor, Voucher, Discount (Trade discount and Cash Discount)

Theory Base of Accounting

  • Fundamental accounting assumptions: GAAP: Concept
  • Basic accounting concept : Business Entity, After going through this Unit, the students will be able to: describe the meaning, significance, objectives, advantages and limitations of accounting in the modem economic environment with varied types of business and non-business economic entities. identify / recognise the individual(s) and entities that use accounting information for serving their needs of decision making. explain the various terms used in accounting and differentiate between different related terms like current and non-current, capital and revenue. give examples of terms like business transaction, liabilities, assets, expenditure and purchases. explain that sales/purchases include both cash and credit sales/purchases relating to the accounting year. Money Measurement, Going Concern, Accounting Period, Cost Concept, Dual Aspect, Revenue Recognition, Matching, Full Disclosure, Consistency, Conservatism, Materiality and Objectivity
  • System of Accounting.
  • Basis of Accounting: cash basis and accrual basis
  • Accounting Standards: Applicability
  • Goods and Services Tax (GST): Characteristics and Advantages.

10 Marks

Unit-2: Accounting Process

Recording of Business Transactions

  • Voucher and Transactions: Source documents and Vouchers, Preparation of Vouchers, Accounting Equation Approach: Meaning and Analysis, Rules of Debit and Credit.
  • Recording of Transactions: Books of Original Entry- Journal
  • Special Purpose books
  • Cash Book: Simple, cash book with bank column and petty cashbook
  • Purchases book
  • Sales book
  • Purchases return book
  • Sales return book
  • Journal proper Note: Including trade discount, freight and cartage expenses for simple GST calculation.
  • Ledger: Format, Posting from journal and subsidiary books, Balancing of accounts

Bank Reconciliation Statement:

  • Need and preparation, Bank Reconciliation Statement

Depreciation, Provisions and Reserves

  • Depreciation: Meaning, Features, Need, Causes, factors Other similar terms: Depletion and Amortisation
  • Methods of Depreciation: i. Straight Line Method (SLM) ii. Written Down Value Method (WDV) Note: Excluding change of method
  • Difference between SLM and WDV; Advantages of SLM and WDV
  • Method of recoding depreciation i. Charging to asset account ii. Creating provision for depreciation/accumulated depreciation account
  • Treatment of disposal of asset
  • Provisions, Reserves, Difference Between Provisions and Reserves.
  • Types of Reserves: i. Revenue reserve ii. Capital reserve iii. General reserve iv. Specific reserve v. Secret Reserve
  • Difference between capital and revenue reserve
  • appreciate that on the basis of source documents, accounting vouchers are prepared for recording transaction in the books of accounts.
  • develop the understanding of recording of transactions in journal and the skill of calculating GST.
  • explain the purpose of maintaining a Cash Book and develop the skill of preparing the format of different types of cash books and the method of recording cash transactions in Cash book.
  • describe the method of recording transactions other than cash transactions as per their nature in different subsidiary books .
  • appreciate that at times bank balance as indicated by cash book is different from the bank balance as shown by the pass book / bank statement and to reconcile both the balances, bank reconciliation statement is prepared.
  • develop understanding of preparing bank reconciliation statement.
  • appreciate that for ascertaining the position of individual accounts, transactions are posted from subsidiary books and journal proper into the concerned accounts in the ledger and develop the skill of ledger posting.
  • explain the necessity of providing depreciation and develop the skill of using different methods for computing depreciation.
  • understand the accounting treatment of providing depreciation directly to the concerned asset account or by creating provision for depreciation account.
  • appreciate the method of asset disposal through the concerned asset account or by preparing asset disposal account.
  • appreciate the need for creating reserves

Trial balance and Rectification of Errors

  • Trial balance: objectives, meaning and preparation (Scope: Trial balance with balance method only)
  • Errors: classification-errors of omission, commission, principles, and compensating; their effect on Trial Balance.
  • Detection and rectification of errors; (i) Errors which do not affect trial balance (ii) Errors which affect trial balance
  • preparation of suspense account.

12 Marks

Part B: Financial Accounting - II

Weightage (In Marks)

Unit 3: Financial Statements of Sole ProprietorshipFinancial Statements Meaning, objectives and importance; Revenue and Capital Receipts; Revenue and Capital Expenditure; Deferred Revenue expenditure. Opening journal entry. Trading and Profit and Loss Account: Gross Profit, Operating profit and Net profit. Preparation. Balance Sheet: need, grouping and marshalling of assets and liabilities. Preparation. Adjustments in preparation of financial statements with respect to closing stock, outstanding expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad debts, provision for doubtful debts, provision for discount on debtors, Abnormal loss, Goods taken for personal use/staff welfare, interest on capital and managers commission. Preparation of Trading and Profit and Loss account and Balance Sheet of a sole proprietorship with adjustments.

10 Marks

Part C: Project Work (Any One)

Weightage (In Marks)

Topics

1. Collection of source documents, preparation of vouchers, recording of transactions with the help of vouchers.

2. Preparation of Bank Reconciliation Statement with the given cash book and the pass book with twenty to twenty-five transactions.

3. Comprehensive project of any sole proprietorship business. This may state with journal entries and their ledgering, preparation of Trial balance. Trading and Profit and Loss Account and Balance Sheet. Expenses, incomes and profit (loss), assets and liabilities are to be depicted using pie chart / bar diagram.

10 Marks

Also Read:CBSE 12th Accountancy Syllabus - Check Topic-Wise Weightage

CBSE Class 12 Term 2 Business Studies Syllabus 2023

There are a total of 12 units in the Business Studies syllabus. The Business Studies Question Paper will have a total of 80 marks. The syllabus for Business Studies is further divided into two parts:-

  • Part A - Principles and Functions of Management 

  • Part B - Business Finance and Marketing

Check the syllabus below.

Part A: Foundation of Business

Unit 1: Evolution and Fundamentals of Business

  • History of Trade and Commerce in India: Indigenous Banking System, Rise of Intermediaries, Transport, Trading Communities: Merchant Corporations, Major Trade Centres, Major Imports and Exports, Position of Indian Sub-Continent in the World Economy.
  • Business – meaning and characteristics
  • Business, profession and employmentConcept
  • Objectives of business
  • Classification of business activities - Industry and Commerce
  • Industry-types: primary, secondary, tertiary Meaning and subgroups
  • Commerce-trade: (types-internal, external; wholesale and retail) and auxiliaries to trade; (banking, insurance, transportation, warehousing, communication, and advertising) – meaning
  • Business risk-Concept

Unit 2: Forms of Business organizations

  • Sole Proprietorship-Concept, merits and limitations.
  • Partnership-Concept, types, merits and limitation of partnership, registration of a partnership firm, partnership deed. Types of partners
  • Hindu Undivided Family Business: Concept
  • Cooperative Societies-Concept, merits, and limitations.
  • Company - Concept, merits and limitations; Types: Private, Public and One Person Company – Concept
  • Formation of company - stages, important documents to be used in formation of a company
  • Choice of form of business organization

Unit 3: Public, Private and Global Enterprises

  • Public sector and private sector enterprises – Concept
  • Forms of public sector enterprises: Departmental Undertakings, Statutory Corporations and Government Company.
  • Global Enterprises – Feature. Public private partnership – concept

Unit 4: Business Services

  • Business services – meaning and types. Banking: Types of bank accounts - savings, current, recurring, fixed deposit and multiple option deposit account
  • Banking services with particular reference to Bank Draft, Bank Overdraft, Cash credit. E-Banking meaning, Types of digital payments
  • Insurance – Principles. Types – life, health, fire and marine insurance – concept
  • Postal Service - Mail, Registered Post, Parcel, Speed Post, Courier - meaning

Unit 5: Emerging Modes of Business

  • E - business: concept, scope and benefits
Unit 6: Social Responsibility of Business and Business Ethics
  • Concept of social responsibility
  • Case of social responsibility
  • Responsibility towards owners, investors, consumers, employees, government and community.
  • Role of business in environment protection
  • Business Ethics - Concept and Elements
Part B: Finance and Trade

Unit 7: Sources of Business Finance

  • Concept of business finance
  • Owners’ funds- equity shares, preferences share, retained earnings
  • Borrowed funds: debentures and bonds, loan from financial institution and commercial banks, public deposits, trade credit, Inter Corporate Deposits (ICD).

Unit 8: Small Business and Enterprises

  • Entrepreneurship Development (ED): Concept, Characteristics and Need. Process of Entrepreneurship Development: Start-up India Scheme, ways to fund start-up. Intellectual Property Rights and Entrepreneurship
  • Small scale enterprise as defined by MSMED Act 2006 (Micro, Small and Medium Enterprise Development Act)
  • Role of small business in India with special reference to rural areas
  • Government schemes and agencies for small scale industries: National Small Industries Corporation (NSIC) and District Industrial Centre (DIC) with special reference to rural, backward areas

Unit 9: Internal Trade

  • Internal trade - meaning and types services rendered by a wholesaler and a retailer
  • Types of retail-trade-Itinerant and small scale fixed shops retailers
  • Large scale retailers-Departmental stores, chain stores - concept
  • GST (Goods and Services Tax): Concept and key-features
Unit 10: International Trade
  • International trade: concept and benefits
  • Export trade – Meaning and procedure
  • Import Trade - Meaning and procedure
  • Documents involved in International Trade; indent, letter of credit, shipping order, shipping bills, mate’s receipt (DA/DP)
  • World Trade Organization (WTO) meaning and objectives

Also Read:CBSE Class 12 Question Bank 2023 - Download PDF for All Subjects

CBSE Class 12 Term 2 Economics Syllabus 2023

The Economics syllabus of CBSE Class 12 commerce has a total of 8 units and it is further divided into two sections, Part A and Part B. Each part consists of 40 marks each.

  • Part A - Introductory Macroeconomics
  • Part B - Indian Economic Development

Check the syllabus below.

Part A: Statistics for EconomicsWeightage (In Marks)

Unit 1: Introduction

  • What is Economics?
  • Meaning, scope, functions and importance of statistics in Economics
10 Marks

Unit 2: Collection, Organisation and Presentation of data

  • Collection of data - sources of data - primary and secondary; how basic data is collected with concepts of Sampling; methods of collecting data; some important sources of secondary data: Census of India and National Sample Survey Organisation.
  • Organisation of Data: Meaning and types of variables; Frequency Distribution.
  • Presentation of Data: Tabular Presentation and Diagrammatic Presentation of Data: (i) Geometric forms (bar diagrams and pie diagrams), (ii) Frequency diagrams (histogram, polygon and Ogive) and (iii) Arithmetic line graphs (time series graph)
12 Marks
Unit 3: Statistical Tools and Interpretation
  • Measures of Central Tendency- Arithmetic mean, median and mode
  • Correlation – meaning and properties, scatter diagram; Measures of correlation - Karl Pearson's method (two variables ungrouped data) Spearman's rank correlation.
  • Introduction to Index Numbers - meaning, types - wholesale price index, consumer price index and index of industrial production, uses of index numbers; Inflation and index numbers.
Part B: Introductory MicroeconomicsWeightage (In Marks)

Unit 4: National Income and Related Aggregates

  • What is Macroeconomics?
  • Basic concepts in macroeconomics: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation.
  • Circular flow of income (two-sector model); Methods of calculating National Income - Value Added or Product method, Expenditure method, Income method.
  • Aggregates related to National Income: Gross National Product (GNP), Net National Product (NNP), Gross Domestic Product (GDP) and Net Domestic Product (NDP) - at market price, at factor cost; Real and Nominal GDP.
  • GDP and Welfare
12 Marks

Unit 5: Determination of Income and Employment

  • Aggregate demand and its components.
  • Propensity to consume and propensity to save (average and marginal). Short-run equilibrium output; investment multiplier and its mechanism. Meaning of full employment and involuntary unemployment.
  • Problems of excess demand and deficient demand; measures to correct them - changes in government spending, taxes and money supply through Bank Rate, CRR, SLR, Repo Rate and Reverse Repo Rate, Open Market Operations, Margin requirement.
6 Marks

Also Read: CBSE 12th Economics Syllabus - Check Topic-Wise Weightage

CBSE Class 12 Term 2 Mathematics Syllabus 2023

The following table provides a detailed syllabus of CBSE Class 12 Term 2 Mathematics 2023:

Unit-III: Calculus

 (18 Marks)

Integrals

  • Integration as inverse process of differentiation. Integration of a variety of functions by substitution, by partial fractions and by parts, Evaluation of simple integrals of the following types and problems based on them.
  • Fundamental Theorem of Calculus (without proof): Basic properties of definite integrals and evaluation of definite integrals.
  • Applications of the Integrals: Applications in finding the area under simple curves, especially lines, parabolas; area of circles /ellipses (in standard form only) (the region should be clearly identifiable).

Differential Equations

  • Definition, order and degree, general and particular solutions of a differential equation. Solution of differential equations by method of separation of variables, solutions of homogeneous differential  equations of first order and first degree of the type: dy/dx = f(y/x)

Unit-IV: Vectors and Three-Dimensional Geometry

(14 Marks)

Vectors

Vectors and scalars, magnitude and direction of a vector. Direction cosines and direction ratios of a vector. Types of vectors (equal, unit, zero, parallel and collinear vectors), position vector of a point, negative of a vector, components of a vector, addition of vectors, multiplication of a vector by a scalar, position vector of a point dividing a line segment in a given ratio. Definition, Geometrical Interpretation, properties and application of scalar (dot) product of vectors, vector (cross) product of vectors.

Three - dimensional Geometry

Direction cosines and direction ratios of a line joining two points. Cartesian equation and vector equation of a line, coplanar and skew lines, shortest distance between two lines. Cartesian and vector equation of a plane. Distance of a point from a plane.

Unit-VI: Probability

(8 Marks)

Probability

Conditional probability, multiplication theorem on probability, independent events, total probability, Bayes’ theorem, Random variable and its probability distribution.

Also Read:How to Score 90% in CBSE Term 2 Exams?

CBSE Class 12 Term 2 English Core Syllabus 2023

The following table provides a detailed syllabus of CBSE Class 12 Term 2 English Core 2023:

Section

Syllabus

Marks

A

  • Reading Comprehension: (Two Passages)
  • Unseen passage (factual, descriptive or literary/ discursive or persuasive)
  • Case Based Unseen (Factual) Passage

14 Marks (8+6)

B

  • Creative Writing Skills
  • Short Writing Tasks
  • Formal & Informal Invitation Cards or the Replies to Invitation/s
  • Long Writing Tasks(One)
  • Letter of Application for a Job
  • Report Writing

08 Marks (3+5)

C

Literature: Questions based on extracts/texts to assess comprehension and appreciation, analysis, inference, extrapolation

  • Book-Flamingo (Prose)
  • The Rattrap
  • Indigo
  • Book-Flamingo (Poetry)
  • A Thing of Beauty
  • Aunt Jennifer’s Tigers
  • Book-Vistas (Prose)
  • Should Wizard Hit Mommy?
  • On the Face of It
  • Evans Tries an O Level

18 Marks
(11 Marks for Flamingo
+ 7 Marks for Vistas)

Also Read:CBSE Class 12 Exams - Best Books for Preparation

CBSE Class 12 Term 2 Informatics Practices Syllabus 2023

The following table provides a detailed syllabus of CBSE Class 12 Term 2 Informatics Practices 2023:

Unit

Topics

Weightage (In Marks)

Unit 2: Database Query using SQL

  • Math functions: POWER (), ROUND (), MOD ().

  • Text functions: UCASE ()/UPPER (), LCASE ()/LOWER (), MID ()/SUBSTRING ()/SUBSTR (), LENGTH (), LEFT (), RIGHT (), INSTR (), LTRIM (), RTRIM (), TRIM ().

  • Date Functions: NOW (), DATE (), MONTH (), MONTHNAME (), YEAR (), DAY (), DAYNAME (). Aggregate Functions: MAX (), MIN (), AVG (), SUM (), COUNT (); using COUNT (*).

  • Querying and manipulating data using Group by, Having, Order by.

25 Marks

Unit 3: Introduction to Computer Networks

  • Introduction to networks, Types of network: LAN, MAN, WAN.

  • Network Devices: modem, hub, switch, repeater, router, gateway.

  • Network Topologies: Star, Bus, Tree, Mesh.

  • Introduction to Internet, URL, WWW and its applications- Web, email, Chat, VoIP.

  • Website: Introduction, difference between a website and webpage, static vs dynamic web page, web server and hosting of a website.

  • Web Browsers: Introduction, commonly used browsers, browser settings, add-ons and plug-ins, cookies.

10 Marks

Also Read: 

CBSE 12th Accountancy Sample Papers PDFCBSE 12th Economics Sample Papers PDF

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