Class 12 NCERT Solutions Accountancy Part 1

Accountancy is the practice of recording, distributing and reporting on trade transactions for a business. It furnishes feedback to the management with reference to the financial outcome and status of an establishment. The procedure of recording and abridging financial transactions is termed as ‘bookkeeping’.

NCERT solutions for class 12 Accountancy is classified into 2 parts. They are part 1 and part 2. Below mentioned are the chapters that are sorted under Part 1.

UnitsName of the chapter
Chapter 1Financial Statements of Not-for-Profit Organizations
Chapter 2Accounting for Partnership Firms – Basic Concepts
Chapter 3Reconstitution Of A Partnership Firm – Admission Of A Partner
Chapter 4Reconstitution Of A Partnership Firm – Retirement/Death Of A Partner
Chapter 5Dissolution Of Partnership Firm

Stay tuned to NCERT solutions for more chapters and information about all the commerce subjects.

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