Class 12 NCERT Solutions Accountancy

Accountancy is the practice of recording, allocating and reporting on business transactions for a trade. It provides 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’. When the information is produced in reports for the use of companies or individuals outside the firm, this process is called ‘financial accounting’.

It refers to the procedure of evaluating, summarising and communicating the financial data produced by bookkeeping to allocate and illustrate account information to relevant parties such as managers and shareholders.

NCERT solutions for class 12 accountancy comprises of 11 chapters which are further divided into 2 parts.

ChaptersName of the Chapter
NCERT Solutions For Class 12 Accountancy Part 1
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
NCERT Solutions For Class 12 Accountancy Part 2
Chapter 1Accounting for Share Capital
Chapter 2Issue and Redemption of Debentures
Chapter 3Financial Statements of a Company
Chapter 4Analysis of Financial Statements
Chapter 5Accounting Ratios
Chapter 6Cash Flow Statement

The above mentioned is the syllabus for class 12 CBSE syllabus Accountancy. For more solutions and study materials of NCERT solutions for class 12 Accountancy for more information and the best learning experience.

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