NCERT Solutions For Class 12 Accountancy
NCERT Solutions For Class 12 Accountancy

Accountancy in Class 12 serves as an integral component not only for Boards but also for the curriculum of courses like Chartered Accountancy, Company Secretary, Bachelor of Commerce, etc. The NCERT Class 12 Accountancy syllabus offers a lot of deep and complex concepts that we aim to simplify through our NCERT solutions.

As such, we have structured our NCERT Class 12 Accountancy solutions to be well-researched and well-written. Our solutions are made to be easily understandable and appropriate for school exams and competitive exams. The solutions clear any doubts that students might have based on NCERT readings and also give deeper insights into the curriculum.

Our Worksheet section can be a good platform to confirm and test the understanding of the syllabus. The worksheets test the critical areas of the curriculum and help students identify weak areas.

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Below are the Chapter-wise Downloadable links of the NCERT Solutions for Class 12 Accountancy

NCERT solutions for class 12 Accountancy chapter 5:

Dissolution of Partnership firm Download PDF

NCERT solutions for class 12 Accountancy chapter 6:

Accounting for Share Capital Download PDF

NCERT solutions for class 12 Accountancy chapter 9:

Analysis of Financial statements Download PDF

NCERT solutions for class 12 Accountancy chapter 10:

Accounting Ratios Download PDF

NCERT solutions for class 12 Accountancy chapter 11:

Cash Flow Statement Download PDF

Benefits Class 12 Accounting Solutions:

The advantages of using NCERT Class 12 Accounting Solutions are numerous. Every candidate’s concerns will be cleared, and all potential questions on these topics will be answered here.

The NCERT Solutions for Class 12 Accountancy provide a clear understanding of the topics discussed in each chapter. Students’ lives are made easier by the easy-to-understand study content. These are produced with the sole purpose of assisting students in obtaining the highest possible exam score. The solutions also provide real-world examples of NCERT Class 12 Accountancy questions so that students can solve any issue with ease. This pdf file solution covers all possible topics that students will have to address in their review to help them get more marks in their 12th Boards.


Chapter-wise Solutions For NCERT Class 12 Accountancy

Chapter 1: Accounting for NPO organization

This chapter focuses on Not-for-Profit Organisation, Receipts and Payments Account, Income and Expenditure Account, Special Receipts and Incidental Trading Activity.

Chapter 2: Accounting for Partnership: Basic Concepts

This chapter focuses on Partnership, Interest on Capital, Fixed Capital Account, Profit and Loss Appropriation, Fluctuating Capital Account and Partner’s Current Account

Chapter 3: Reconstitution of a Partnership Firm – Admission 112 of a Partner

This chapter Focuses on Reconstitution of Partnership Firm, Revaluation of Assets, Reassessment of liabilities, Undistributed and accumulated profits and losses, Goodwill, Revaluation Account, Sacrificing Ratio and Change in Profit Sharing Ratio.

Chapter 4: Reconstitution- Retirement-Death of a Partner

This chapter focuses on Retirement of a Partner, Executors of deceased Partner, Death of a Partner, Executor’s Account and Gaining Ratio.

Chapter 5: Dissolution of Partnership firm

This chapter Focuses on Dissolution of Partnership, Compulsory Dissolution, Dissolution of Partnership, Dissolution by Notice Firm, Realisation Expenses, Partnership at Will and Realisation Account.

Chapter 6: Accounting for Share Capital

This chapter Focuses on Joint Stock Company, Premium on Shares, Share Capital, Application Money, Forfeiture of Shares, Reserve Capital, Shares, Buy-back of Shares etc…

 Chapter 7: Issue and Redemption of debentures

This chapter Focuses on Debenture, Discount/Loss on Issue of Debenture, Mortgaged Debenture, Zero Coupon Rate Debenture, Draw of Lots, Own Debentures, Registered Debenture etc…

Chapter 8: Financial statements of a company

This chapter Focuses on Financial Statements, Statement of profit and loss, Balance Sheet, Cost of Material consumed and Shareholders Funds.

Chapter 9: Analysis of Financial statements

This chapter Focuses on Financial Analysis, Common Size Statements, Comparative Statements, Trend Analysis, Ratio Analysis, Cash Flow Statement, etc…

Chapter 10: Accounting Ratios

This chapter Focuses on Financial Analysis, Common Size Statements, Comparative Statements, Trend Analysis, Ratio Analysis, Cash Flow Statement, etc…


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FAQs For NCERT Solutions for Class 12 Accountancy:

1. What is Goodwill? Define Accounting for Goodwill.Goodwill is an impalpable resource related to the purchase of one entity by another. In particular, altruism is measured when the price tag exceeds the sum of the rational estimation of both visible strong and impalpable resources. These assets are acquired at the same time as the liabilities are recognised. The value placed on an organization’s brand identity, large customer base, excellent client relations, excellent representative relations, and any licences or restrictions on creativity all speak to altruism.When a company acquires another company, it develops goodwill. The honest assessment of the resources can be distinguished and the liabilities also get carried over due to purchases.


2. What is a Partnership and What is Partnership Deed?

A partnership is a form of company in which at least two parties come to an arrangement and agree to be co-owners. They split the responsibilities of operating a company and distribute the profits or losses that the company generates. This form of affiliation is recorded in a report called organisation deeds. A partnership deed is an arrangement and understanding between the partners in a business that specifies the terms and conditions of the partnership. The aim of an association deed is to delegate each accomplice’s functions in order to ensure that the firm’s operations run smoothly.


3. Where will I find NCERT Solutions for Class 12 Accountancy for all Chapters?

Candidates can get free NCERT Solutions for Class 12 Accountancy from our page for all chapters at Takshila Leanring.


4. Are the NCERT Solutions for Class 12 Accountancy enough to pass the board exams?

Yes, the NCERT Class 12 Accountancy Solutions can be extremely beneficial in your board exam preparation. Use them to help you prepare for your tests and get good grades.

One of the most important and beneficial features provided in our courses is Monitoring. You can monitor your progress by your own at our software-based course via assignments and periodic assessments.
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