NCERT Solutions For class 12 Accountancy - Company Accounts and Analysis of Financial Statements

NCERT Solutions for Class 12 Part 2 Accountancy Company Accounts and Analysis of Financial Statements Free PDF Download

Accountancy is the one subject that students in Class 12th commerce students are terrified of. While accountancy is not as difficult as students believe, it is difficult to cover in a short period of time. Each book takes a different approach to the Syllabus. Therefore, it becomes imperative that the students give themselves ample time for preparation. In two parts, NCERT Solutions covers all of the topics.

The free PDF download of NCERT Solutions will help you gain an insight into accountancy. Class 12 financial statements of a company solutions chapter is an important part of the syllabus. NCERT Solutions provide an easy outlook on the topic and help students secure good marks in their exams. CBSE Class 12 Company Accounts and Analysis of Financial Statements chapter can be found online for download in PDF form. It is easy to understand and will clarify all doubts a student can have. CBSE Class 12 PART B Accountancy Syllabus 2024-25, as well as Marks Distribution

Important Topics to be Covered

• Analysis of Financial Statement: 

The students are required to know the financial statements in a concise manner. Its importance is justified by its marks weightage. The maximum marks are from this chapter. Further, the students will also encounter this same chapter if they take up Accountancy in their future studies. 

‘Financial Statement’ is the very basic of Accountancy and thus the students must not ignore this. Also, if the chapter is studied properly one can even score full marks from this chapter. 

• Accounting Ratios:

Accounting Ratios are another important topic in Part B. The ratios are quite easy, just one needs to memorise and remember it. Studying accounting ratios will not only be helpful for the students in doing accounting sums but it is applicable in other finance subjects as well, like financial management. 

Besides, the sums from accounting ratios are very concise and thus if done properly can get you full marks!

• Cash Flow Statement:

The Cash Flow Statement is an important part of the financial books of a company. Students are required to know all the items coming in this statement, this will lead them to the correct answer.

The marks distribution for accountancy Part 2 is presented below

• A company's financial statements consist of a profit and loss statement and a balance sheet in the standard format, with major headings and subheadings (as per Schedule III to the Companies Act, 2013)

• The Purposes, Importance, and Limitations of Financial Statement Analysis

• Comparative statements, common-size statements, cash flow analysis, and ratio analysis are all tools that can be used to analyse financial accounts

• Accounting Ratios: Definition, Goals, Classification, and Calculation

• Current and Quick Liquidity Ratios

• Debt-to-Equity, Total Asset-to-Debt, Proprietary Ratio, and Interest Coverage Ratio are all examples of solvency ratios.

• Inventory Turnover Ratio, Trade Receivables Turnover Ratio, Trade Payables Turnover Ratio, and Working Capital Turnover Ratio are some of the most common activity ratios.

• Gross Profit Ratios, Operating Ratios, Operating Profit Ratios, Net Profit Ratios, and Return on Investment are all examples of profitability ratios.

Class 12 Part 2 Company Accounts and Analysis of Financial Statements NCERT Solution

NCERT Solutions for Class 12th Accountancy Company Accounts and Analysis of Financial Statements consist of the meaning of financial statements and their analysis for a company. A financial statement is a basic and orderly assessment of the budget summary. It presents the budgetary information methodically and builds up circumstances and logical results relationship with all the things of fiscal summaries. Examination and translation are tied in with introducing budgetary information which is obvious and straightforward. It helps clients of bookkeeping data in surveying the status of budgetary execution of the business for a time frame and empowers them to make appropriate choices concerning the back strategy of the firm.

The objectives of financial statements are to give correct and apt data on the financial status of an organization on a periodical premise. It additionally makes data accessible to outside clients or partners who don't have direct admittance to the data. The budget summary aids in uncovering the genuine monetary situation of an organization. It contains data identified with liquidity, benefit, money related practicality and dissolvability of an association. A fiscal summary is useful in assessing the acquiring limit of a firm.

Analysis of financial statements can be done through many different techniques. These include Cash Flow Analysis, Ratio Analysis, Trend Analysis, Comparative Statements and Common Size Statements. Financial Analysis is important as it is useful in deciding the monetary feasibility and benefit winning limit of the firm. It is useful in assessing the dissolvability of the business in the long haul. It helps compare the money related status of a firm in contrast with other contender firms. It helps the executives in dynamic, drafting the plan and in setting up a powerful and compelling control component.

CBSE Class 12 Accountancy Weightage 2024-25

Accountancy Company Accounts and Analysis of Financial Statements Class 12 Weightage Marks

Accounts Class 12 Company Accounts and Analysis of Financial Statements is provided in part 2 of the syllabus. It consists of a total of 20 marks in the syllabus. NCERT Solutions for Class 12th Accountancy Company Accounts and Analysis of Financial Statements comprise the following financial statement analysis:

• Common Size Financial Statements

• Trend Analysis

• Cash Flow Statements or Statement of Cash Flows: Meaning, goals, and planning (as per AS 3 (Revised)) (Indirect Method only)

• Fund Flow Statements

• Comparative Financial Statements 

• Ratio Analysis

Benefits of NCERT Solutions for Class 12th Accounts Company Accounts and Analysis of Financial Statements

The benefits of NCERT Solutions of Class 12th Accountancy Company Accounts and Analysis of Financial Statements are endless. The solutions will clear doubts for every candidate and all prospective questions on these topics are answered here. NCERT Class 12 Accounts Company Accounts and Analysis of Financial Statements provides a clear insight into higher accountancy. The solutions are given in simple language and can be understood by all students. The solutions are given by teachers who are regarded as experts in this subject. These are prepared with the sole objective of helping the students to gain the maximum marks on these topics. The solutions also contain practical examples of company accounts and financial statements so the students can handle any problem without any difficulty in the subject. All probable topics that can appear in the exams are covered thoroughly in these solutions for the students to gain more marks in the examination. 

Thus, NCERT Solutions for Accountancy Class 12 are available in PDF format at Vedantu. For Class 12, the CBSE has prescribed Parts 1 and 2 of the NCERT Accountancy books. The same NCERT book and their solutions for Class 12 Accountancy is used in all schools affiliated with the Central Board of Secondary Education. When a student reads, understands, and learns all topics from the NCERT book for class 12 Accountancy, they can achieve a high score on the XII Accountancy Board Exams. Additionally, students can use the NCERT Solutions based on the new and latest CBSE revised syllabus to practise crucial themes, concepts, topics and chapters.

NCERT Solutions for Class 12 Accountancy - Partnership Accounts - Chapter-wise List

Given below are the chapter-wise NCERT Solutions for Class 12 Accountancy - Partnership Accounts. These solutions are provided by the Accountancy experts at Vedantu in a detailed manner. Go through these chapter-wise solutions to be thoroughly familiar with the concepts.