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🔥 Class 12 Accountancy (MP Board) covers complete knowledge of Partnership Accounts, Company Accounts and Financial Statement Analysis. In Partnership Accounts, students must prepare Revaluation Account, Partners’ Capital Accounts and Balance Sheet during admission, retirement, death and dissolution of a partner, along with goodwill valuation (Average Profit, Super Profit and Capitalization methods). In Company Accounts, important topics include issue of shares (at par and premium), forfeiture and reissue of shares, issue and redemption of debentures, and preparation of financial statements as per Schedule III format. In Financial Statement Analysis, students should prepare Cash Flow Statement (Indirect Method) and calculate important accounting ratios like Current Ratio, Quick Ratio, Debt-Equity Ratio, Inventory Turnover Ratio and Return on Investment with proper interpretation. The full syllabus mainly focuses on journal entries, ledger accounts, working notes, calculations and final accounts preparation. Proper format, clear presentation and step-by-step working are very important to score high marks in MP Board examinations.