NCERT Class 12 Accountancy Part 1 Analysis of Financial Statements

You have learnt about the financial statements (Income Statement and Balance Sheet) of companies. Basically, these are summarised financial reports which provide the operating results and financial position of companies, and the detailed information contained therein is useful…

NCERT Class 12 Accountancy Computerised Accounting Use Of Spreadsheet In Business Applications

INTRODUCTION   In the previous chapter, we have learned about the spreadsheet and its several features that can be used in business applications. In this chapter, we shall discuss the applications of spreadsheet (using Excel) to Payroll Accounting and some other select…

NCERT Class 12 Accountancy Computerised Accounting System Overview

In modern business accounting transactions are processed through computers. Usage of computers and Information Technology (IT) enables a business to quickly, accurately and timely access the information that helps in decision-making. This sharpens the competitive edge and…

NCERT Class 12 Accountancy Computerised Accounting Spreadsheet

INTRODUCTION   A spreadsheet is a configuration of rows and columns. Rows are horizontal vectors while columns are vertical vectors. A spreadsheet is also known as a worksheet. It is used to record, calculate and compare numerical or financial data. Each value can either be an…

NCERT Class 12 Accountancy Computerised Accounting Spreadsheet Data Base Management System

Introduction   One of the major factors for realising the need of Computerised Accounting System is the overwhelming quantity of data in our organisations. The conventionally used paper filing system, text documents, and even spread-sheets may not suffice for the growing needs…

NCERT Class 12 Accountancy Computerised Accounting Graphs and Charts For Business Data

Introduction   In the previous chapter, you were introduced to the basic features of spreadsheet and use of spreadsheet in accounting. Quite often, we have to present the data for communication of the accounting information. If mass of data is presented in the raw form, it may…

CBSE Class 12 Accounting for Business Cost Sheet

ACCOUNTING FOR BUSINESS II CHAPTER 1 COST SHEET Meaning And Scope of Cost Accountancy The term cost accountancy is wider than the term cost accounting. According to the Terminology of Management and Financial Accountancy Published by the Chartered Institute of Management…

NCERT Class 12 Accountancy Reconstitution of a Partnership Firm Retirement Death of a Partner

Reconstitution of a Partnership Firm – Retirement/Death of a Partner You have learnt that retirement or death of a partner also leads to reconstitution of a partnership firm. On the retirement or death of a partner, the existing partnership deed comes to an end, and in its…

NCERT Class 12 Accountancy Reconstitution of a Partnership Firm Admission of a Partner

  Reconstitution of a Partnership Firm – Admission of a Partner Partnership is an agreement between two or more persons (called partners) for sharing the profits of a business carried on by all or any of them acting for all. Any change in the existing agreement amounts to…

NCERT Class 12 Accountancy Issue and Redemption of Debentures

  Issue and Redemption of Debentures A company raises its capital by means of issue of shares. But the funds raised by the issue of shares are seldom adequate to meet their long-term financial needs of a company. Hence, most companies turn to raising long-term funds als  …

NCERT Class 12 Accountancy Financial Statements of a Company

  Financial Statements of a Company Having understood how a company raises its capital, we have to learn the nature, objectives and types of financial statements it has to prepare including their contents, format, uses and limitations. The financial statements are the end …

NCERT Class 12 Accountancy Dissolution of Partnership Firm

  Dissolution of Partnership Firm You have learnt about the reconstitution of a partnership firm which takes place on account of admission, retirement or death of a partner. In such a situation while the existing partnership is dissolved, the firm may continue under the same…

NCERT Class 12 Accountancy Cash Flow Statement

  Cash Flow Statement Tiill now you have learnt about the financial statements being primarily inclusive of Position Statement (showing the financial position of an enterprise as on a particular date) and Income Statement (showing the result of the operational activities of an…

NCERT Class 12 Accountancy Accounting Ratios

  Accounting Ratios Financial statements aim at providing financial information about a business enterprise to meet the information needs of the decision-makers. Financial statements prepared by a business enterprise in the corporate sector are published and are available to…