Accounting becomes more advanced and scoring in Grade 12, especially with Partnership Accounts, which carry heavy weight in board exams. Many Pakistani students living in GCC countries struggle with Accounting because:
The concepts become technical and numerical-heavy, Partnership adjustments are confusing, Large class sizes in local schools,
Lack of individual attention, Very little past-paper and examiner-focused practice.
At Wise Tutor Hub, we teach Grade 12 Federal Board Accounting in a clear, step-by-step manner that strengthens concepts, improves numerical accuracy, and helps students score high in board exams.
Class 12 Federal Board Accounting Syllabus We Cover
We cover every chapter included in the Principles of Accounting (I.Com Part II) syllabus prescribed by FBISE, with complete conceptual explanations + extensive numerical practice + past papers.
1. Partnership Accounts – Profit Distribution: Essentials of partnership, Rules applicable in the absence of an agreement, Preparation of final accounts of partnership, Distribution of profits, Fixed and fluctuating capital methods
2. Partnership Accounts – Admission of a Partner: Admission of a new partner, Goodwill and its treatment in books of account, Methods of valuation of goodwill, Revaluation of assets and liabilities, Calculation of new profit-sharing ratio, Adjustment of partners’ capitals
3. Partnership Accounts – Retirement and Death of a Partner: Retirement of a partner, Accounting problems of retirement, Change in profit-sharing ratio, Gaining and sacrificing ratio, Death of a partner, Calculation of deceased partner’s share of profit, Joint Life Policy and its accounting treatment
4. Partnership Accounts – Dissolution of the Firm: Difference between dissolution of partnership and dissolution of firm, Modes of dissolution of a firm, Settlement of accounts on dissolution, Preparation of Realisation Account, Dissolution when all partners are solvent, Dissolution when one partner is insolvent, Dissolution when all partners are insolvent, Gradual realization of assets and piecemeal distribution
5. Banking Transactions - Types of Bank Accounts, Recording bank transactions, Cheques & cheque register, Bank reconciliation statement, Objectives and preparation
6. Financial Statements – Trading Account, Profit & Loss Account, Income Statement, Balance Sheet, Forms & preparation
7. Adjustments & Closing Process – Prepaid & outstanding expenses, Accrued & unearned income, Provisions: Bad Debts, Doubtful Debts, Discount & Depreciation, Interest on capital, Drawings, Work sheet
8. Capital and Revenue – Meaning, Difference between Capital & Revenue items, Receipts & Payments, Profits & Losses, Income & Expenses
9. Rectification of Errors – Types of accounting errors, Errors discovered before closing books, Errors discovered after closing books, Suspense account.
How We Teach Accounting Online
- One-to-One Classes – Focused attention for conceptual clarity.
- Live Interactive Whiteboard Sessions – Journal, Ledger, Trial Balance, Income Statement — all solved LIVE with the student.
- Perfect for GCC Students – UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain–friendly timings.
- Past Paper–Focused Learning – We solve Federal Board past papers, model papers, and expected questions.
- Group Sessions – For collaborative learning with peers.
- Step-by-Step Concept Building – Students learn why entries are made, not just how.
Why Choose Us for Grade 12 ACCOUNTING Online Tuition?
Specialized in
Federal Board curriculum
Trusted by
Pakistani parents abroad.
Affordable tuition packages
with trial class available.
Proven track record in
Proven track record in helping students score A+ in Board Exams.
Book a Free Demo Class Today
Struggling with partnership accounts, goodwill, revaluation, retirement, death of partner, or dissolution of firm?
Our expert tutors make even the toughest Accounting numericals simple and exam-ready.
Call/WhatsApp: +92 313 7901158
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