NCERT Solutions for Class 12 Accountancy: Download Solutions by Subject Experts

Tanisha Agarwal

Updated: Sep 13, 2023 18:50 IST

The below-mentioned NCERT solutions have been prepared by subject experts, keeping in mind the learning capacity of every student. Students who aspire to score high marks in CBSE Board Examinations 2024 should consistently practice NCERT Solutions of the chapters mentioned below. A thorough understanding of the topics and sufficient practice of all in-text and end questions can help you score well in both CBSE Board Examination as well as in related Competitive Examinations. NCERT Solutions also develops an understanding of basic concepts for all important topics which helps you excel in academics.

Every year, the NCERT Solutions is revised by our team in accordance with the level of examination and assessment pattern imposed by the CBSE Board. For 2024, the Board is constantly working towards competency-focused questions and thus the answers should also be equally relevant and updated as per their demand. Thus, these NCERT Solutions presented below are correct, authentic, relevant, and prepared as per the assessment demands for current generation. 

Related:

CBSE Accountancy Deleted Syllabus 2023-2024

CBSE Accountancy Sample Paper 2023-2024

Find Chapter-wise Solutions for Class 12 Accountancy NCERT Textbook (Part-1), below.

Find Chapter-wise Solutions for Class 12 Accountancy NCERT Textbook (Part-2), below.

Jagran Josh is constantly working to provide students with all NCERT Solutions for every subject. In this article, you could find links for NCERT Solutions of Class 12 Accountancy Textbook Part -1 and Part-2. The article consists of complete CBSE Class 12 Accountancy NCERT Solutions. Students can now save the link or download the PDFs attached below to keep the solutions handy for future use.  Each article has a PDF download link attached at the bottom of each article. Students with Accountancy subject can be absolutely carefree when referring to these, since this article is an accumulation of complete and detailed NCERT Solutions. For more such CBSE and NCERT Solutions-related updates, keep visiting our website JagranJosh.com

NCERT Accountancy Textbook (Part -1) for Class 12 gives an in-depth understanding of partnership firms for students. Some chapter-wise important topics from the NCERT textbook to clear your basic concepts about partnership firms are:

• Topics from Chapter-1: Partnership deed, Distribution of profit among partners, Interest on Capital and Drawings, Guarantee of profit to a partner, Past Adjustments
• Chapter-2: Modes of Reconstitution of a Firm, Admission of a New Partner, Goodwill, Sacrificing Ratio, Adjustment on Capital
• Chapter-3: New profit sharing ratio on Retirement/Death of a partner, Gaining Ratio, Treatment of Goodwill, Revaluation of Assets due to Retirement/death of a partner, Revaluation Account,
• Chapter-4: Dissolution of Partnership, Dissolution of Firm, Difference between Dissolution of firm and partnership, Accounting Treatment on the dissolution of a firm, Journal Entries to be passed on the dissolution of a firm.

Covering all these topics can help you solve any Partnership Firms-related question in CBSE Board Examination 2024.

Similarly, NCERT Accountancy Textbook (Part -2) for Class 12 provides knowledge about accounting. Some chapter-wise important topics from the NCERT textbook to improve your concepts about accounting are:

• Topics from Chapter-1: Features of companies, kinds of companies, Share Capital of a company, Types of shares, Accounting Treatment, Calls in Areas and Advance, Over and Under Subscriptions, Forfeiture of shares
• Chapter-2: Debentures, Types of debentures, the difference between shares and debentures, Issue of debentures, Interest on debentures, Redemption of debentures, Methods of redemption
• Chapter-3: Objectives and types of financial statements, Shareholder’s fund, Importance of financial statements, Limitations of financial statements
• Chapter-4: Importance and objective of an analysis of financial statements, Tools of analysis of financial statements, Comparative statement, Common size statement, Limitations
• Chapter-5: Objective and advantage of Ratio analysis, Types of ratios, Liquidity ratio, Activity ratio, Profitability ratio
• Chapter-6: Cash and cash equivalents, Cash flow, Classification of activities for the preparation of cash flow statement, Ascertainment of cash flow from investing and financing activities, Preparation of cash flow statement

Importance of NCERT Solutions for Students

Solving NCERT questions can help you understand a complex problem in an easy manner. Since NCERT Solutions are made keeping the CBSE’s Revised Curriculum in mind, consistent practice of all the solutions can help you score well in CBSE Board Exams. It can also help you clear any related Competitive Examinations. The best way to cover the entire CBSE Syllabus is by solving chapter-wise NCERT Solutions. One should also practice questions presented in the middle of the chapter like ‘Test Your Understanding’ and ‘Do It Yourself’. These are practical questions designed to clear topic-related doubts in students. 

Tips for NCERT Solutions

NCERT Solutions can often be tricky to understand and solve. Thus, it is significant to first thoroughly read the chapters, and understand the concepts from your teachers, friends, or whosoever you are comfortable learning from. Then, the in-text questions present in the middle of the chapter, namely 'Do It Yourself' and 'Test Your Understanding' should be solved. They are aimed at building concepts about different topics through the practical use of their applications. At last, we can now come to solving NCERT Solutions. To avoid difficulty in solving NCERT Solutions, it is advised to follow the above-mentioned steps. Following these steps also builds your interest in solving NCERT Solutions.

Check CBSE Class 12 Accountancy Exam Pattern(2023-2024) to prepare well for your upcoming Board Examinations. Hope you find the content present in this article relevant and useful. All the best for CBSE Board Examination 2024.

Also Find:

CBSE Class 12 Syllabus 2023-24 (All Subjects) 

CBSE Class 12 Sample Papers 2023-24 (All Subjects)

NCERT Books for Class 12 (All Subjects)

NCERT Solutions for Class 12 (All Subjects)