How to Score High Marks in 12th Standard Accountancy Exam

January 24, 20192 Minutes Read

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Accountancy is basically a numerical based subject, but demands a combination of writing skills, conceptual answering and mathematical skills from a student. In the practical world, accountancy is the art of communicating financial information to shareholders and managers. Hence, you must have good command over ledgers, debiting and crediting balance sheets and even journal entities.

For Commerce students, the Accountancy paper is of prime importance as this is one subject where you can score with the right approach to study. Studying this subject well not only helps you to improve your overall score in the board exams, but also opens up wide career prospects including that of a CA (Chartered Accountant), CMA ( Certified Management Accountant), CPA (Certified Public Accountant), ACCA (Association of Chartered Certified Accountants), BBA (Bachelor of Business Administration) and more.

As mentioned earlier, although this subject is primarily numerical based, you can expect a number of theory-based questions and hence, focus must be directed at writing well also. Here are some important to bear in mind while preparing for the 12th standard Accountancy board exams:

You need to first understand the important topics that demand more focus while studying. These include Share Capital and Debenture, Pro-rata allotment of shares, Partnership Firms, Analysis of Financial Statements and Cash Flow Statements.
Understanding the concepts is the most important thing in Accountancy. Once you get a strong hold on them, then you have a smooth sailing thereafter. Refer to the very effective online course on Accountancy on the Glow & Lovely Careers (formerly known as Fair & Lovely Career Foundation) website to get absolute clarity on concepts.
Get a strong hold on basic topics in Accountancy like ledger posting and debit and credit balances.

4.As and when you study keep highlighting the most important points and make notes of these. Write down all the formulae and definitions in a book, like that of assets, debts, liabilities, profit and loss, etc., so that it comes handy to brush through just before you enter the exam hall.
Follow the Pomodoro technique while studying every day. This technique involves studying for 25 minutes and then taking a break for 5 minutes. This is a time-tested theory which has been proven to be very effective in terms of giving you greater focus during the time of study.

5.Practice online mock tests every single day. This point cannot be stressed enough. The more speed and accuracy you attain, the better marks you score. And these can be attained only by practicing online mock tests every day during preparation. Devote 2 hours of your day only for this.
Refer and solve board exam question papers on Accountancy from the last 10 years. By this, you will get a solid understanding of what you can expect.

Rigorous preparation will always lead you to success in any exam. Make sure you keep the enthusiasm going and never stop until you reach the goal you wanted to reach.

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Social entrepreneurship is about harnessing the power of business to address social and environmental challenges. In India, many women embrace this approach, positioning themselves as business leaders and catalysts for positive change. Their ventures aim not just for profit but also for meaningful impact on the communities they serve.

The landscape of women entrepreneurship in India is growing, with female entrepreneurs actively participating in diverse sectors, including social entrepreneurship. This shift is breaking stereotypes and showcasing the multifaceted roles women can play as business leaders with a mission beyond just financial gains.

One compelling aspect of this transformation is the variety of startup ideas for women in social entrepreneurship. From ventures addressing healthcare disparities to those focused on education, women are bringing innovative solutions to the forefront. These ventures are not just about economic empowerment but about creating sustainable change in the fabric of society.

Social entrepreneurship ideas are often born from a deep understanding of local challenges. As the architects of many of these initiatives, women bring a unique perspective to problem-solving. Whether providing access to clean water, improving healthcare facilities, or promoting sustainable agriculture, these entrepreneurs are at the forefront of impactful change.

The intersection of entrepreneur ideas for women and social entrepreneurship creates a space where purpose-driven businesses thrive. Women are not just looking for financial success; they seek ways to contribute meaningfully to society. The spirit of collaboration and community building is embedded in their ventures, fostering a sense of shared responsibility and collective well-being.

One notable example is Preeti Singh, a social entrepreneur who founded a venture focused on menstrual hygiene in rural India. Her initiative addresses a critical health issue and empowers women by providing them with sustainable and affordable solutions. Preeti's story represents the transformative potential of women's entrepreneurship in tackling societal challenges.

The emphasis on social entrepreneurship among women is also generating a ripple effect regarding mentorship and support networks. Established female entrepreneurs are actively encouraging and guiding the next generation. This mentorship is crucial in nurturing a culture of innovation and resilience among women venturing into social entrepreneurship.

The momentum of women entrepreneurship in social impact ventures is not just a trend; it signifies a paradigm shift in how businesses operate in India. Organisations and institutions recognise women's value in terms of empathy, collaboration, and a deep understanding of community needs.

The rise of social entrepreneurship driven by women in India is a testament to the transformative power of purpose-driven businesses. As more women explore and invest in entrepreneurial ideas for women that focus on social impact, the future promises a more equitable and sustainable society. These women entrepreneurs are not just building businesses but driving impactful change and leaving an indelible mark on the nation's socio-economic fabric.

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The shift towards creating career opportunities for women in wealth management aligns with broader societal changes. Organisations are realising the importance of gender diversity in their teams, promoting an environment that fosters equal opportunities and values the contributions of women in finance.

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