DK Goel solutions Class 12 Accountancy book contains 11 chapters. All the chapters are equally important for the students to build a keen knowledge about the subject. On our website we have provided solutions for all questions given in each chapter of DK Goel Class 12 Accountancy textbook.

Class 12 DK Goel Solutions

Students can refer to the links below to access chapter wise solutions for DK Goel Accountancy Class 12. All solutions have been designed by our expert faculty based on the latest textbook for current academic year.

Class 12 Solutions Part A – Volume 1

Chapter 1: Financial Statements of Non-profit Organisation
Chapter 2: Fundamentals of partnership Firms
Chapter 3: Change in Profit sharing ratio of Partners
Chapter 4: Admission of a Partner
Chapter 5: Retirement or Death of a Partner
Chapter 6: Dissolution of Partnership
Chapter 7: Company Accounts Issue of Share
Chapter 8: Company Accounts Issue of Debentures
Chapter 9: Company Accounts Redemption of Debentures

Class 12 Solutions Part B – Volume 2

Chapter 1: Financial Statements of a Company (As Per Schedule III)
Chapter 2: Financial Statement Analysis
Chapter 3: Tools for Financial Analysis: Comparative Statements
Chapter 4: Common Size Statements
Chapter 5: Accounting Ratios
Chapter 6: Cash Flow Statement

Every year hundreds of students hassle to score well in the subject. Students with a weak foundation of accountancy visualize this subject as the most challenging one and lose marks in the examination.

DK Goel class 12 book introduces the students to numerous concepts and theories. In order to secure the maximum marks in examination, the students need a solid foundation and must learn the technicalities of accountancy.

DK Goel Accountancy Class 12 Solutions Part A – Volume 1:

Chapter 1: Financial Statements of Non profit Organisation
Download DK Goel Solutions for Class 12 Accountancy FS of Non profit Organisation: Concept. Receipts and Payments Account: features and preparation. Income and Expenditure Account: features, preparation of income and expenditure account and balance sheet from the given receipts and payments account with additional information.

Chapter 2: Fundamentals of partnership Firms
Download DK Goel Solutions for Class 12 Accountancy Fundamentals of partnership Firms: Features, Partnership Deed. Provisions of the Indian Partnership Act 1932 in the absence of partnership deed. Fixed v/s fluctuating capital accounts.

Preparation of Profit and Loss Appropriation account- division of profit among After going through this Unit, the students will be able to: state the meaning of partnership, partnership firm, and partnership deed. describe the characteristic features of partnership and the contents of partnership partners, guarantee of profits. Past adjustments (relating to interest on capital, interest on drawing, salary and profit sharing ratio). Goodwill: nature, factors affecting and methods of valuation – average profit, super profit and capitalization.

Chapter 3: Change in Profit sharing ratio of Partners
Download DK Goel Solutions for Class 12 Accountancy Change in Profit sharing ratio of Partners: Profit Sharing Ratio among the existing partners – sacrificing ratio, gaining ratio, accounting for revaluation of assets and reassessment of liabilities and treatment of reserves and accumulated profits. Preparation of revaluation account and balance sheet.

Chapter 4: Admission of a Partner
Download DK Goel Solutions for Class 12 Accountancy Admission of a Partner: Effect of admission of a partner on change in the profit sharing ratio, treatment of goodwill (as per AS 26), treatment for revaluation of assets and reassessment of liabilities, treatment of reserves and accumulated profits, adjustment of capital accounts and preparation of balance sheet.

Chapter 5: Retirement or Death of a Partner
Download DK Goel Solutions for Class 12 Accountancy Retirement or Death of a partner: Effect of retirement/death of a partner on change in profit sharing ratio, treatment of goodwill (as per AS 26), treatment for revaluation of assets and reassessment of liabilities, adjustment of accumulated profits and reserves, adjustment of capital accounts and preparation of balance sheet. Preparation of loan account of the retiring partner.Calculation of deceased partner’s share of profit till the date of death. Preparation of deceased partner’s capital account, executor’s account and preparation of balance sheet.

Chapter 6: Dissolution of Partnership
Download DK Goel Solutions for Class 12 Accountancy Dissolution of Partnership: Types of dissolution of a firm. Settlement of accounts -preparation of realization account, and other related accounts: capital accounts of partners and cash/bank a/c (excluding piecemeal distribution, sale to a company and insolvency of partner(s)).

DK Goel Accountancy Class 12 Solutions Part A – Volume 2

Chapter 7: Accounting for share Capital
Download DK Goel Solutions for Class 12 Accountancy Accounting for share Capital: Nature and Types of share Capital. Accounting for share capital: issue and allotment of equity shares, private placement of shares, Employee Stock Option Plan (ESOP). Public subscription of shares – over subscription and under subscription of shares; issue at par and at premium, calls in advance and arrears (excluding interest), issue of shares for consideration other than cash. Accounting treatment of forfeiture and re-issue of shares. Disclosure of share capital in company’s Balance Sheet.

Chapter 8: Issue of Debentures
Download DK Goel Solutions for Class 12 Accountancy Issue of Debentures: Issue of debentures at par, at a premium and at a discount. Issue of debentures for consideration other than cash; Issue of debentures with terms of redemption; debentures as collateral security-concept, interest on debentures. Redemption of debentures: Lump sum, draw of lots and purchase in the open market (excluding ex-interest and cum-interest). Creation of Debenture Redemption Reserve.

Chapter 9: Redemption of Debentures
Download DK Goel Solutions for Class 12 Accountancy Redemption of Debentures: Issue of debentures at par, at a premium and at a discount. Issue of debentures for consideration other than cash; Issue of debentures with terms of redemption; debentures as collateral security-concept, interest on debentures. Redemption of debentures: Lump sum, draw of lots and purchase in the open market (excluding ex-interest and cum-interest). Creation of Debenture Redemption Reserve.

DK Goel Accountancy Class 12 Solutions Part B

Chapter 1: Financial Statements of a Company (As Per Schedule III)
Download DK Goel Solutions for Class 12 Accountancy Financial Statements of a Company: Statement of Profit and Loss and Balance Sheet in the prescribed form with major headings and sub headings (as per Schedule III to the Companies Act, 2013). Financial Statement Analysis: Objectives, importance and limitations.

Chapter 2: Financial Statement Analysis :
Download DK Goel Solutions for Class 12 Accountancy Financial Statement Analysis, Its important for the student to understand what is the importance of analyzing financial statements and its benefits. They will understand about the basics of analysis in this chapter

Chapter 3: Tools for Financial Analysis: Comparative Statements
Download DK Goel Solutions for Class 12 Accountancy Statement Analysis Tools: Comparative & Common-size Tools for Financial Statement Analysis: Comparative statements, common size statements, cash flow analysis, ratio analysis.

Chapter 4: Common Size Statements
Download DK Goel Solutions for Class 12 Accountancy Common Size Statements:

Chapter 5: Accounting Ratios
Download DK Goel Solutions for Class 12 Accountancy Accounting Ratios:

Chapter 6: Cash Flow Statement
Download DK Goel Solutions for Class 12 Accountancy Cash Flow Statement: Meaning, objectives and preparation (as per AS 3 (Revised) (Indirect Method only) Scope: (i) Adjustments relating to depreciation and amortization, profit or loss on sale of assets including investments, dividend (both final and interim) and tax. (ii) Bank overdraft and cash credit to be treated as short term borrowings. (iii) Current Investments to be taken as Marketable securities unless otherwise specified.

Some more information for Class 12 Accountancy Students

Accountancy is one of the core subjects of the commerce curriculum. Every year hundreds of students hassle to score well in the subject. Students with a weak foundation of accountancy visualize this subject as the most challenging one and lose marks in the examination.

At the same time, few think the exam days are sufficient for preparation to score well. In reality, Accountancy is one of the most scoring subjects for commerce students. However, mugging up the theories before the examination will not do any good for the students.

Accountancy is all about developing a firm grip on the concepts and logic and know-how to practically apply them. If the students are completely aware of the concepts and their practical application, scoring full marks in the Class 12 examination is just a piece of cake. However, the main challenge lies in managing the schedule and cover all the chapters in Accountancy Class 12.

Class 12 Accountancy syllabus introduces the students to numerous concepts and theories. In order to secure the maximum marks in examination, the students need a solid foundation and must learn the technicalities of accountancy. 

Class 12 Board examination is one of the deciding factors in a student’s career. This result helps them to grab the top-notch educational institutions in the future. Therefore, every student dreams of scoring well in the examination. Accountancy carries a significant weightage in defining the overall percentage of the students. Accountancy opens a hub of opportunities for the students to tailor a successful career.

How to Prepare for Accountancy in Class 12

Accountancy is a subject that includes tons of concepts and theories. The class 12 Accountancy syllabus is divided into two parts – Volume 1 and Volume 2. Volume 1 contains a total of 5 chapters, and Volume 2 comprises 6 chapters. Therefore, the students must learn every chapter to solidify their knowledge. Here are some of the effective, tried, and tested methods to score well in the class 12 Accountancy examination – 

Jot down the theories first: Each chapter comprises tons of definitions, illustrations, meanings, terms, application, and relevant examples. Study all the theories to strengthen the grip on the concepts before jumping into the value-based problems. 

Solve tons of problems in every chapter:  After gaining a commendable amount of knowledge on a topic, quickly move on to a bunch of questions on the topic. Solve all the questions related to the chapter. Start from the easy once and then level up gradually. Working on the problems will expose the students to many new concepts and their applications. 

Follow the best study material & books: In today’s time, plenty of free accountancy content or books are available on the web. However, the students must choose the best one wisely. The students can refer to DK Goel Class 12 Accountancy Solutions for top-graded guidance. All these textbooks are efficiently framed with the knowledge and experience of the famous accountants Prof. DK Goel. The DK Goel Solutions are complemented as the most premium textbooks by expert faculties. 

Practice the questions at the end of each chapter: DK Goel textbooks include tons of simple to the most complex questions at the end of every chapter. All the questions are added to the books after effective analysis, and thus they possess the maximum probability of coming into the examinations.

Study the previous year’s question papers: DK Goel textbook presents the past year’s questions at the end of each chapter. To grasp every detail of a chapter, the students need to practice all the questions. In case they are stuck with any concepts, they may refer to the textbook for guidance. 

Solve sample papers and appear for Accountancy mock tests: Sample papers are specially designed to help the students get a glimpse of the questioning pattern and provide the most critical questions. The students can also appear for mock examinations to test their learnings and polish their preparation. Mock tests are the ultimate way to build the confidence of the students in the actual exam-like setting. 

Important Chapters of Class 12 Accountancy 

The total Class 12 Accountancy syllabus contains 11 chapters. All the chapters are equally important for the students to build a keen knowledge about the subject. However, analyzing the past year’s question pattern, they can find some topics repeating every year and carrying the maximum marks, which are as follows – 

• Partnership is one of the crucial as well as the scoring topics in Class 12 Accountancy. Therefore, the students must practice plenty for questions of this topic to develop a firm grip on its concepts and value-based problems. 
• Financial Statement chapters carry excellent weightage. Therefore, the students must stress this topic too. 
• One of the most important topics in the Class 12 Accountancy syllabus is Company accounts. Each year tons of questions come from this topic. So, to score the maximum marks, the students grip the concepts of shares and debentures. 

Tips to Prepare for the Class 12 Accountancy Examination 

Here are some tips that can help the students avoid mistakes, save their time and blend the maximum output of their learnings – 

• Prioritize understanding and do not just mug up the chapters. Understanding the concepts and logic of the topics is extremely important to deal with diplomatic problems. 
• Practise is the key to achieving perfection. Efficiently practicing different chapters helps the students burnish their learnings. 
• Frame a proper time schedule and track the time devoted to every chapter. Utilize the time on the most important topics.
• Highlight all the essential points of a chapter and prepare notes on them.
• Revise every chapter regularly. Appear for the mock test, solve past year’s papers and sample papers.
• Practice all the calculations without using calculators. Having a good command of calculations can significantly boost the student’s marks. 
• During the exams, analyze the question paper thoroughly. Attempt the tricky question at the end.

Best Study Materials or Book to Get Good Marks in Class 12 Accountancy 

• APC Accountancy Class 12 by DK Goel
• APC Problem & Solutions in Accountancy Class 12 by DK Goel

Conclusion 

Although Accountancy is a subject from the commerce curriculum, it presents the perfect blend of arts, science, and commercial activities. With efficient studying techniques, Accountancy can be the most scoring subject for the students. Studying the subject systematically can help the students grasp the concepts and theories of accountancy to get incredible academic outcomes.