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2027 CBSE Class 12 Accountancy Annual Syllabus 2027 CBSE Class 12 Accountancy Syllabus 2027 2020 Accountancy Syllabus Session 2019-20

PART I Accounting for Partnership: Basic Concepts Reconstitution of a Partnership Firm — Admission of a Partner Reconstitution of a Partnership Firm — Retirement/Death of a Partner Dissolution of Partnership Firm PART II Accounting for Share Capital Issue and Redemption of Debentures Financial Statements of a Company Analysis of Financial Statements Accounting Ratios Cash Flow […]

Notes For All Chapters Accountancy Class 12 CBSE 1. Cash Flow Statement Cash flow statement is a statement showing the changes in financial position of a business concern during different intervals of time in terms of cash and cash equivalents. The Revised Accounting Standard-3 has made it mandatory for all listed companies to prepare and present […]

Notes For All Chapters Accountancy Class 12 CBSE Topic 1: Introduction 1. Ratio It is an arithmetical expression of relationship between two related or interdependent items. 2. Accounting Ratios It is a mathematical expression that shows the relationship between various items or groups of items shown in financial statements. When ratios are calculated on the […]

Analysis of Financial Statements Notes For All Chapters Accountancy Class 12 Topic 1: Introduction to Financial Statements Analysis 1. Financial Statement Analysis It is the systematic numerical representation of the relationship of one financial fact with the other to measure the profitability, operational efficiency, solvency and the growth potential of the business. 2. Types of Financial […]

Financial Statements of a Company Notes For All Chapters Accountancy Class 12 1. Financial Statements The statements which are prepared to ascertain the profit earned or loss suffered and position of assets and liabilities at a particular date are known as financial statements. These are the final product of accounting process. A set of financial statements […]

Issue and Redemption of Debentures Notes For All Chapters Accountancy Class 12 Topic 1: Introduction, Issue of Debentures and Various Cases from The Point of View of Redemption 1. Meaning of Debenture It means a document of companies indebtedness issued under the seal of the company and containing a contract for the repayment of the […]

Accounting for Share Capital Notes For All Chapters Accountancy Class 12 Topic 1: Introduction 1. Company A joint stock company is an artificial person, created by law, having separate entity distinct from its members with a perpetual succession and a common seal. 2. Characteristics or Features of a Company (i) Artificial person (ii) Voluntary association […]

Dissolution of Partnership Firm Notes For All Chapters Accountancy Class 12 1. Dissolution Dissolution means discontinuance of existing relationship among the partners. According to Indian Partnership Act, 1932, dissolution may be either of partnership or of a firm. 2. Dissolution of Partnership It changes the existing relationship between partners but the firm may continue its business as […]

Reconstitution of a Partnership Firm — Retirement/Death of a Partner Notes For All Chapters Accountancy Class 12 Topic 1: Introduction and New Profit Sharing Ratio/Gaining Ratio 1. Meaning of Retirement Retirement of a partner means ceasing to be a partner of the firm. The different ways by which a partner can retire from the firm […]

Reconstitution of a Partnership Firm — Admission of a Partner Notes For All Chapters Accountancy Class 12 Topic 1: introduction and New Profit Sharing Ratio and Sacrificing Ratio 1. Meaning Admission of a partner is one of the modes of reconstituting the firm under which old partnership comes to an end and a new one […]

Notes For All Chapters Accountancy Class 12 CBSE Any change in existing agreement of partnership amounts to reconstitution of a firm. As a result, the existing agreement comes to an end and a new agreement comes into existence and the firm continues. 1. Modes of Reconstitution of a Partnership Firm Reconstitution of a firm can […]

Notes For All Chapters Accountancy Class 12 Topic1: Concepts of Partnership and Partnership Deed 1. Partnership According to Section 4 of the Indian Partnership Act, 1932, ‘Partnership is defined as, ‘the relation between persons who have, agreed to share the profits of a business carried on by all or any of them acting for all’. […]