Class 12 Accountancy Notes and Important Questions

Students should refer to the Class 12 Accountancy Notes below prepared as per the latest syllabus and examination guidelines issued by CBSE and NCERT. Its important to properly understand each chapter given below so that when you start solving questions then you have a strong understanding of the concepts relating to the questions.

Notes for Class 12 Accountancy Part 1
Chapter 1: Accounting for Not-for-Profit Organisation
Chapter 2: Accounting for Partnership: Basic Concepts
Chapter 3: Reconstitution of a Partnership Firm – Admission of a Partner
Chapter 4: Reconstitution of a Partnership Firm – Retirement/Death of a Partner
Chapter 5: Dissolution of Partnership Firm

Notes for Class 12 Accountancy Part 2
Chapter 1: Accounting for Share Capital
Chapter 2: Issue and Redemption of Debentures
Chapter 3: Financial Statements of a Company
Chapter 4: Analysis of Financial Statement
Chapter 5: Accounting Ratios
Chapter 6: Cash Flow Statement

Class 12 is a very important class in which the students generally understand the advanced concepts of accountancy which basically help them throughout their life and also help them to to take up where is professional courses such as Chartered Accountants,  company secretary,  certified financial analyst and many other such kind of Advanced Accountancy course.  it is  very important for class 12 commerce students to build up very strong conceptz in accountancy so that they are able to score great marks in the class 12 board examination.  accountancy is a very easy to understand and scoring subject,  are teachers have seen that students are easily able to score on most hundred percent marks if they are having strong concepts in this subject.  on our website we have provided you the best collection of accountancy notes for each chapter which is there in class 12 Accountancy book issued by NCERT,  students can refer to these concepts and also solve important questions which are given at the end of each chapter and compare their answers based on the solutions that we have provided. 

This will help you to make sure that you have properly understood all the concepts of the class 12 commerce Accountancy book and are in a very good position to appear for the board examination for the account.  it is very important to read through all the notes that we have provided as the nodes have a very clear explanation of each and every concept which is there in the respective chapters and this will help you to tell you to understand each and every topic in great detail so that when you are solving the questions then you can solve the questions in a step-by-step manner which will help you to get more marks in the class test for examination.  sometimes the students are not able to clearly understand what the topics are in their class then it is always advisable to do self-understanding of the concepts which are given in this case the best source will be to download notes from our website and then carefully read them and also link your understanding with the notes which have been provided yours here with what you have understood in the class so that you can ask for the questions from your teachers in case you have any problem in understanding the concepts.

There are various types of books that have been recommended by the teachers with students normally read on a day-to-day basis auto which the most important book is the textbook which has been issued by NCERT based on the syllabus issued by CBSE.  there are various other books which are available such as DK Goel Accountancy book for class 12 and also TS Grewal Accountancy book for class 12 students are requested to solve the questions which are given in such kind of Advanced and very well written books and also compare their solutions with the answers that we have provided here on our website.  this will help the students to make sure that they have thoroughly understood the concepts which have been provided here based on the notes for each chapter and also if they are able to revise the chapters from these professional books and also solve advanced level questions from such important books than that is very sure that they will be able to get very good marks in the upcoming class 12 board examinations for accountancy.