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CBSE Class 12 Accountancy Syllabus | Solution | Book

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Last updated date: 23rd Apr 2024
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Each commerce has a close relationship with accounting. This topic lists, records, and assigns a business's transactions. It evaluates and oversees the institution's financial performance. Additionally, it might document how transactions are categorised and reported. A financial statement is the final financial report created using this data. So, having a solid foundation in accounting is crucial.


In preparing for the CBSE Class 12 Accountancy test, the NCERT Accountancy book Class 12 Solutions is a fantastic resource. This study guide includes in-depth information and solutions from subject specialists. The Class 12 Accountancy NCERT Answers give us in-depth knowledge of the chapter. For CBSE students, using study materials for class 12 accounting is the quickest approach to get all of their questions answered.


CBSE Class 12 Accountancy Book Part 1 are as Follows:

The fundamentals of partnership, such as ideas of commercial transactions and account administration, are covered in this subject.



CBSE Class 12 Accountancy Book Part 2 are as Follows:

This unit basically talks about what financial statements are and how to read them. It covers interesting avenues like what a statement means for a company, its objectives, and analysis.



CBSE Class 12 Accountancy Solutions: Summary

Over the years, bookkeeping has been safeguarded and limited to the activities of the bookkeeper who keeps financial records. Nonetheless, the contemporary exchange environment has forced the bookkeepers to update their portrayal and skills, including the affiliation and the foundation. The role of a bookkeeper has evolved from that of a modest exchange endorser to that of a delegate outfitting the dynamic group with the relevant knowledge.


Today's bookkeeping goes beyond basic accounting and the organisation and preparation of financial reporting. Currently, bookkeepers are competent enough to work in respectable early-stage development industries. For instance, financial planning, ecological bookkeeping, scientific bookkeeping (settling breaks, such as Computer hacking and the theft of a significant amount of money online), online business (planning electronic settlement conspiracy), and so forth. Vedantu's NCERT Answers for Accounting Class 12 provide a broad range of learning.


The balance sheet displays the company's financial status. After the exchange and profit and loss accounts are prepared, it records the business's assets and liabilities at the end of the bookkeeping period. The balance sheet structure for non-profits determines the foundation's financial status. A comparable example to the exchange materials is the preparedness of the financial records. It shows assets and liabilities at the end of the fiscal year. Liabilities are shown on the left side of the chart, and resources are shown on the right.


Instead of the Capital and the Satiate or Shortage according to Revenue and Spending A/c, there will be a General Fund or Capital Fund. Depending on the circumstances, it is either subtracted from or added to the capital asset. It is common practice to accurately include a portion of sponsored items such additional fees, heirlooms, and life participation costs in the capital asset.


CBSE Class 12 Accountancy Chapter Wise Marks Weightage 2023-24

Units

Chapter Name

Marks 

Part A

Accounting for Partnership Firms and Companies



Unit 1. Accounting for Partnership Firms

36


Unit 2. Accounting for Companies

24



60

Part  B

Financial Statement Analysis



Unit 3. Analysis of Financial Statements

12


Unit 4. Cash Flow Statement

8



20

Part  C

Project Work 

20


Project work will include:



Project File

4


Written Test

12


Viva Voice

4

OR

Part  B

Computerised Accounting



Unit 4. Computerised Accounting

20

Part  C

Practical Work

20


Practical work will include:



Practical File 

4


Practical Examination

12


Viva Voice

4


CBSE Class 12 Accountancy Important Topics and Solution 

On the basis of the weighted average of the marks given to each topic, the Key themes covered should be taken into consideration. The following list includes some of the crucial subjects that must be covered:


1. Fundamentals of the Partnership firms

2. Company Accounts

3. Accounting for Not-for-Profit Organizations 

4. Accounting for Partnership Firms

5. Analysis of Financial Statement


The final exams for NCERT Class 12 Accounting Part 1 and 2 Solutions have a total of 100 marks.


Benefits of CBSE NCERT Solutions for Class 12 Accountancy Book

NCERT 2nd PUC Accountancy offers countless advantages. Every candidate's doubts will be dispelled by the solutions, and all potential inquiries on these subjects are addressed here.

The solutions provided by Vedantu for Accounting Class 12 are quite helpful as they direct the student towards a simple method of learning this topic. Our specialists in this area have produced the solutions in a very attractive manner. Given that the solutions are drawn from dependable and confirmed sources, one can be confident in them.

 

The responses also adhere closely to the NCERT board's requirements. Students can comprehend all the important ideas and concepts in this subject with the help of this. If there is any doubt, there is no need to search for the right response. All questions will be answered in a moment with a short glance at Vedantu's solutions for 2nd PUC Accounting.


The thorough and methodical approach will help students comprehend the "why" and "how" of accounting, which ultimately serves as the subject's foundation. There won't be any issues understanding the material because there are numerous tabular columns and applicable examples.


Not only are the theoretical topics answered in the solutions, but even the numerical issues are resolved. This provides a general sense of how they are resolved. Students can access the solutions at any moment on the website without having to register or pay anything in advance. This dispels the students' concerns about paying tuition or the price of books.


Also, these solutions can be downloaded and stored for later use. Afterwards, information can be viewed in any convenient format, whether from a mobile device, tablet, laptop, or even printed notes.


Conclusion 

NCERT Class 12 Accounting solutions give a comprehensive understanding of the concepts in the chapters. Students' lives are made simpler by the clear study materials. They are created with the specific intention of assisting pupils in receiving the highest possible exam scores. For the students' benefit, the solutions include real-world examples of the NCERT Class 12 Accounting Part 1 and 2 questions so that they may easily handle any issue. This pdf file solution covers all likely themes that students will encounter in their exams, allowing them to score higher on the 12th Boards.


Visit the Vedantu website for various types of study material and courses if you need any further assistance or training for your Class 12 boards. Check out the mobile apps for these resources as well. What are you still holding out for? Prepare to have fun learning!

FAQs on CBSE Class 12 Accountancy Syllabus | Solution | Book

1. What are a partnership and a partnership deed, respectively?

A partnership is a type of business where at least two people have an established understanding and agree to be co-proprietors. They provide responsibilities for managing an association and distribute any profits or losses. This kind of partnership is recorded in a document called the organisation deeds. A partnership deed is an agreement and understanding between the partners in the business that specifies the conditions and terms of their association. The purpose of an association agreement is to delegate each partner's responsibilities in order to ensure that the business's operations run smoothly.

2. Describe Goodwill. Define goodwill accounting?

In a partnership, at least two individuals have an established understanding and consent to be co-proprietors. They outline management duties and allocate any gains or losses for the association. The organisation deeds, a legal document, provide the details of this type of partnership. An agreement and understanding between the business partners that outlines the terms and circumstances of their affiliation is known as a partnership deed. An association agreement's goal is to assign each partner's duties in order to make sure the business's operations go well.


When an organisation acquires another business, goodwill develops. It is possible to distinguish between an accurate estimate of the resources and the liabilities that are carried over as a result of purchases.

3. What exactly is bookkeeping, and how has it evolved recently?

Traditionally, the bookkeeper's bookkeeping activities were limited to financial matters. The exchange environment has transformed, nonetheless, and bookkeepers can now work in excellent starting development fields. Online business, financial planning, ecological bookkeeping, scientific bookkeeping, PC hacking, etc. are some examples. The function of a bookkeeper nowadays has evolved from endorsing transactions to serving as a delegate who provides the dynamic group with pertinent information.

4. Which NCERT Accounting textbook for Class 12 has the best solutions?

The finest solution manual for Class 12 NCERT Accounting is Vedantu's NCERT solutions. There are a variety of factors that make Vedantu's solutions the best:

  • A team of subject experts with years of experience has created the solutions.

  • It provides clear and reliable study resources that are available without charge, making school work easier for pupils. This aids in students' effective Board test preparation.

  • It offers students clear, trustworthy study materials that are free to use, simplifying their coursework. This helps pupils prepare well for the Board exams.

  • The Vedantu Mobile app also offers the solutions, making them available wherever you are.

5. How can I learn the best ways to respond to Class 12 Accounting questions?

Referencing the expert-provided solutions for the question paper from the year before, which were put together in accordance with the most recent CBSE guidelines, is the ideal strategy for responding to problems on the CBSE board exam.