Class 12 Accountancy NCERT Solutions - Company Accounts and Analysis of Financial Statements
NCERT Solutions for Class 12 Accountancy - Company Accounts and Analysis of Financial Statements
FAQs on NCERT Solutions For class 12 Accountancy - Company Accounts and Analysis of Financial Statements
1. What are Comparative Financial Statements?
Comparative financial reports mention statements of comparison that are both internal and external firms and are based over some undefined time frame. These announcements help different clients of bookkeeping data in assessing the budgetary advancement of a firm in relative terms. These announcements express the information in supreme figures or as rate change and outright change that happens in the fiscal report over some time. When things of the fiscal report are treated with similar bookkeeping arrangements and practices over a fixed time frame, at that point, the relative information obtained from such articulations bears significant examination. Two basic sorts are Comparative Income Statement and Comparative Balance Sheet.
2. What are Analysis and Interpretation?
It is a basic and efficient assessment of the budget report. It presents the budgetary information in a precise way and builds up circumstances and logical results relationship with fiscal reports. Examination and translation are tied in with introducing monetary information which is clear and straightforward. It helps clients of bookkeeping data in surveying the status of monetary execution of the business for a time span and empowers them to make appropriate choices with respect to the funding strategy of the firm. Analysis and Interpretation are important from every business' point of view and requires professionals to understand these data.
3. How many chapters are there in CBSE Accountancy of Class 12?
CBSE Accountancy of Class 12 has two parts. The first part has five chapters, and the second part has six chapters. Accountancy strengthens the understanding of business transactions. It is an important subject. NCERT Solutions Class 12 Accountancy are available on Vedantu. The solutions are given by expert and trained teachers. Students can prepare for their board exams by downloading the PDF file.
4. What are the basic books for CBSE Accountancy of Class 12?
5. Where can I find NCERT Solutions for CBSE Accountancy of Class 12?
Students can find NCERT solutions for Accountancy of Class 12 on Vedantu. Students can find solutions to all chapters of class 12 accountancy for free. All solutions are available in simple and easy language. Solutions are given in a stepwise manner so that students can easily find answers to all textbook questions without any hassles.
6. How many sections are there in CBSE Accountancy of Class 12?
CBSE Accountancy of Class 12 has two sections. The following topics are covered:
Part 1 -
Accounting for Non-Profit Organisation
Accounting for Partnership Firms: Basic Concepts
Reconstruction of a Partnership Firm: Admission of a Partner
Reconstruction of a Partnership Firm: Retirement or Death of a Partner
Dissolution of Partnership Firm
Part 2 -
Accounting for Share Capital
Issue and Redemption of Debentures
Financial Statements of a Company
Analysis of Financial Statements
Accounting Ratios
Cash Flow Statements
7. What is Accounting according to Class 12?
Accounting is an important subject for Class 12 students who opted for commerce. It helps students understand different topics on Accounts such as partnership accounts, company accounts, and financial statements. NCERT Solutions for Accountancy of Class 12 are available for all chapters on Vedantu. The solutions are free of cost. They are also available on the Vedantu Mobile app.