Punjab Boards Intermediate (HSSC) Principles of Accounting (Part II): syllabus, papers and marking

A 100-mark Part II paper of 20 MCQs and an 80-mark written paper that ends in three 20-mark practical accounting questions.

Latest published Punjab model paper for Intermediate Part II (Commerce group) · First Annual and Second Annual series · grades A++ to U (IBCC scale)

Punjab Inter Accounting: where the marks go

Principles of Accounting is a 100-mark paper in each of Part I and Part II of the Punjab Commerce group. The Part II model paper is 20 MCQs in 30 minutes and 80 written marks in 2 hours 30 minutes: two sets of five-from-eight short questions worth ten marks each, then three 20-mark questions out of five that are full accounting problems.

Marks are won on correct formats and complete workings. Most of the 60 long-question marks go on presenting the account, so a right number in the wrong place still loses marks.

How we mark a real script

Paper structure and what we mark

PaperTimeMarksWeightQuestions
Part II · Objective — Objective Paper (Part II)30 min2010%20 MCQs, 1 mark each
Part II · Subjective — Short and Long Questions (Part II)2 h 30 min8040%Part I: Q2 and Q3, any 5 of 8 short questions each (10 + 10). Part II: any 3 of 5 questions, 20 marks each (60)

Syllabus outline

  1. Single entry system, statement of affairs and conversion to double entry
  2. Non-trading concerns: receipts and payments account, income and expenditure account, balance sheet
  3. Consignment and account sales
  4. Joint stock company: share capital, debentures, final accounts
  5. Depreciation methods and obsolescence
  6. Partnership: goodwill, admission, retirement, dissolution

How each paper is marked here

Where Punjab Inter Accounting candidates lose marks

  1. Trial balance or final accounts in the wrong order — Heads placed in the wrong section (for example drawings against capital, or an expense in the balance sheet) cost marks even when the totals agree.
  2. Adjustments applied to one side only — Accruals, prepayments and depreciation must be reflected in both the profit and loss account and the balance sheet.
  3. Narrations and workings left out — Journal entries without narrations and ledger accounts without balancing workings lose the presentation marks.
  4. Partnership and company questions with the wrong ratio — Profit-sharing and goodwill ratios are marked as a step; a wrong ratio carries through the rest of the answer.

Sample papers, mark schemes and marked reports for Punjab Inter Accounting

See a real handwritten script marked by eight examiners at admitportfolio.com/examiners.

Questions teachers ask

Is Part I Accounting covered?
Not yet. We verified the Part II model paper only.
Do you mark ledgers and final accounts?
Yes, each account is marked heading by heading, and a wrong figure carried forward is penalised only once.
Is this official Punjab Boards marking?
No. Boards of Intermediate and Secondary Education, Punjab marks the real exam. This is examiner-style marking of mocks and homework for Punjab Inter Accounting. Only you see the marking, and you decide what reaches the student.
Do you reproduce past-paper questions?
No. Every Part II paper here is original and written to the latest published punjab model paper for intermediate part ii (commerce group), in the same structure as the real papers shown above.
Which papers are marked?
None yet are marked question by question; Part II · Objective are scored instantly. Practical exams sat at the centre are not marked here.
How is the next paper chosen?
From the marks a student lost: the concepts behind them are ranked by marks dropped, and the new paper weights those topics. It is the same syllabus and structure, with new questions.
When are the exams?
First Annual and Second Annual series. Grades A++ to U (IBCC scale).

Other Punjab Boards Intermediate (HSSC) courses

Start marking Principles of Accounting scripts · See a real marked script