Accountancy - 12 (Part-1) - NCERT

Publisher – National Council of Education Research and Training

Subject – Accountancy

Author Name – NCERT

Language – English           

Binding – Paperback

ISBN – 8174506403

Book Code - 12117

Country of Origin – India

Generic Name – Book

"Accountancy - Part I" is intended for students studying Commerce in Class 12. The book covers various fundamental topics related to financial accounting, including:

1. Accounting for Not-for-Profit Organizations: This section deals with accounting principles and practices applicable to non-profit organizations, such as clubs, societies, and charitable institutions.
2. Accounting for Partnership Firms - Basic Concepts: Students will learn about the fundamental concepts related to accounting for partnership firms, including the preparation of the final accounts of a partnership firm.
3. Reconstitution of a Partnership Firm - Admission of a Partner: This section focuses on the accounting treatment when a new partner is admitted to an existing partnership firm.
4. Reconstitution of a Partnership Firm - Retirement/Death of a Partner: Here, students will learn how to deal with accounting aspects when a partner retires or dies from a partnership firm.
5. Dissolution of a Partnership Firm: This section covers the accounting procedures involved when a partnership firm is dissolved.

The textbook includes practical examples, exercises, and illustrative problems to help students grasp the concepts effectively. NCERT textbooks are designed to promote conceptual understanding and critical thinking rather than rote learning.

If you are a student looking for the "Accountancy - Part I" NCERT textbook for Class 12, you can check the official NCERT website or inquire at your school to obtain a copy. It is advisable to refer to the latest edition available for the most updated content and syllabus.