Class 12th Accountancy Notes


Prof. Vinod Kumar is Your Accounting Teacher
Your Accounting Teacher
Dear 10+2 (Commerce) Students, 

We are happy to publish the accountancy notes for your class. Class 12th or 10+2 (Commerce) Class's examination is taken by your board. If you are doing the 12th Class from state board, state board is responsible for taking examination. If your school is affiliated with CBSE, then CBSE is responsible for taking examination. Whether it is state board or CBSE, both will take the accountancy examination, if you are doing 10+2 in commerce. Syllabus is almost same. They want to check your capability of basic book keeping and accountancy. All major courses in the field of accounting will start after 12th class or grade examination. So, good merit in it is must. 


For your success in 12th Class Accountancy, we are providing following notes. In the link of title of the topic, we have given simple explanation. Check the link of topic and study the answer. I think, you all my students and it is my duty to guide you in very simple words. Following notes has been written in very simple language and useful to cover the syllabus of 12th Class Accountancy. 


All these notes are free of cost. You can download it in your ms word file. But, as teacher, it is my request to follow my philosophy. Before, following my philosophy, you can read my philosophy at here. Thanks 



UNIT 1:- ACCOUNTING FOR NOT-FOR-PROFIT ORGANIZATION.




2. Receipts and Payments Accounting

3. Fund Based Accounting

4. Preparation of Income and Expenditure Account 

5. Balance Sheet from Receipt and Payment 






UNIT 2: ACCOUNTING FOR PARTNERSHIP 





3. Fixed v/s Fluctuating Capital






 UNIT 3: RECONSTITUTION OF PARTNERSHIP 




 1. Change in Profit Sharing Ratio among the existing Partners

2. Sacrificing Ratio

3.  Gaining Ratio 

4. 
 Accounting for Revaluation of Assets and Liabilities 

5. Goodwill: Meaning, Nature, Factors affecting 

6. Methods of Valuation of Goodwill
7. Accounting Treatment of Goodwill (as per accounting standard 10)

8. Accounting Treatment at the Time of Retirement 

 9. Executor Account of  a Dead Partner 






 UNIT 4: DISSOLUTION OF PARTNERSHIP FIRM 



 1. Meaning and Various Modes of Dissolution of Partnership Firm, settlement of Accounts. 

2. Preparation of realization Account

3. Sale to a Company 



     
 UNIT 5: ACCOUNTING FOR SHARE CAPITAL AND DEBENTURES 


 1. Share Capital:- Meaning, Nature Types 

 2. Accounting for Share Capital

3. Over Subscription 

4.  Forfeiture of Shares:- Accounting Treatment Reissue of Forfeited Shares

 5. Issue of Debentures at Par, Premium and Discount

6.   Redemption of Debentures Out of Accumulated  Profits and Sinking Fund



UNIT 6: ANALYSIS OF FINANCIAL STATEMENTS  



1. Financial Statement of Company:- Balance Sheet of a Company in the  prescribed form with major heading only ( schedule VI) 

 2. Financial Analysis:- Meaning, Significance and Purpose

 3. Tools for Financial Analysis:- Comparative statements, Common Size  Statement and Trend Analysis

 4. Accounting Ratio: - Meaning and Objectives Types 

 5. Liquidity Ratio: - Current Ratio, Liquidity Ratio 

 6. Solvency Ratio: - Debt to Equity,  Proprietary Ratio

 7. Inventory Turn over , Debtors Turnover, Creditors Turnover,  Working Capital Turnover, Fixed Assets Turnover, Currents Assets Turnover  ratio

 8. Profitability Ratio:- Gross Profit, Net Profit Ratio,  Operating Ratio

9. Return on Investment, Earning Per Share






UNIT 7: STATEMENT OF CHANGES IN FINANCIAL POSITION




 
Cash Flow Statement: - Meaning and Objectives, Preparation






UNIT 8: ACCOUNTING USING DATA BASE MANAGEMENT SYSTEM(DBMS)




 

 1. Concepts of DBMS

 2. Objective in DBMS




    
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Education : Class 12th Accountancy Notes
Class 12th Accountancy Notes
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