Q1. Alpha Ltd. purchased machinery for Rs 5,94,000 and paid the vendor by issuing 12% debentures of Rs 100 each at a discount of 10%. The number of debentures issued is:
- 6,600
- 5,940
- 5,400
- 6,534
NCERT · Class 12
NCERT Class 12 Accountancy: Chapter List and Official PDFs
All 14 chapters of the NCERT Class 12 Accountancy textbook(s), with the section headings of each chapter and a link to the official PDF on ncert.nic.in. Open a chapter to see what it covers.
14 chapters3 books
Accountancy-I (Partnership Accounts)
Chapter 1: Accounting for Partnership: Basic ConceptsUnit 1: Accounting for Partnership Firms
- 1.1 Nature of Partnership
- 1.2 Partnership Deed
- 1.3 Special Aspects of Partnership Accounts
- 1.4 Maintenance of Capital Accounts of Partners
- 1.5 Distribution of Profit among Partners
- 1.6 Guarantee of Profit to a Partner
- 1.7 Past Adjustments
- Summary
- Questions for Practice
- Checklist to Test your Understanding
Chapter 2: Reconstitution of a Partnership Firm – Admission of a PartnerUnit 1: Accounting for Partnership Firms
- 2.1 Modes of Reconstitution of a Partnership
- 2.2 Admission of a New Partner
- 2.3 New Profit Sharing Ratio
- 2.4 Sacrificing Ratio
- 2.5 Goodwill
- 2.6 Adjustment for Accumulated Profits and Losses
- 2.7 Revaluation of Assets and Reassessment of Liabilities
- 2.8 Adjustment of Capitals
- 2.9 Change in Profit Sharing Ratio among the Existing Partners
- Summary
- Questions for Practice
Chapter 3: Reconstitution of a Partnership Firm – Retirement/Death of a PartnerUnit 1: Accounting for Partnership Firms
- 3.1 Ascertaining the Amount Due to Retiring/ Deceased Partner
- 3.2 New Profit Sharing Ratio
- 3.3 Gaining Ratio
- 3.4 Treatment of Goodwill
- 3.5 Adjustment for Revaluation of Assets and Liabilities
- 3.6 Adjustment of Accumulated Profits and Losses
- 3.7 Disposal of Amount Due to Retiring Partner
- 3.8 Adjustment of Partners’ Capitals
- 3.9 Death of a Partner
- Summary
- Questions for Practice
- Checklist to Test your Understanding
Chapter 4: Dissolution of Partnership FirmUnit 1: Accounting for Partnership Firms
- 4.1 Dissolution of Partnership
- 4.2 Dissolution of a Firm
- 4.3 Settlement of Accounts
- 4.4 Accounting Treatment
- Summary
- Questions for Practice
Accountancy Part-II (Company Accounts and Analysis of Financial Statements)
Chapter 1: Accounting for Share CapitalUnit 2: Accounting for Companies
- 1.1 Features of a Company
- 1.2 Kinds of Companies
- 1.3 Share Capital of a Company
- 1.4 Nature and Classes of Shares
- 1.5 Issue of Shares
- 1.6 Accounting Treatment
- 1.7 Forfeiture of Shares
- Summary
- Question for Practice
Chapter 2: Issue and Redemption of DebenturesUnit 2: Accounting for Companies
- 2.1 Meaning of Debentures
- 2.2 Distinction between Shares and Debentures
- 2.3 Types of Debentures
- 2.4 Issue of Debentures
- 2.5 Over Subscription
- 2.6 Issue of Debentures for Consideration other than Cash
- 2.7 Issue of Debentures as a Collateral Security
- 2.8 Terms of Issue of Debentures
- 2.9 Interest on Debentures
- 2.10 Writing off Discount/Loss on Issue of Debentures
- 2.11 Redemption of Debentures
- 2.12 Redemption by Payment in Lump Sum
- 2.13 Redemption by Purchase in Open Market
- 2.14 Redemption by Conversion
- Summary
- Questions for Practice
Chapter 3: Financial Statements of a CompanyUnit 3: Analysis of Financial Statements
- 3.1 Meaning of Financial Statements
- 3.2 Nature of Financial Statements
- 3.3 Objectives of Financial Statements
- 3.4 Types of Financial Statements
- 3.5 Uses and Importance of Financial Statements
- 3.6 Limitations of Financial Statements
- Summary
- Questions for Practice
Chapter 4: Analysis of Financial StatementsUnit 3: Analysis of Financial Statements
- 4.1 Meaning of Analysis of Financial Statements
- 4.2 Significance of Analysis of Financial Statements
- 4.3 Objectives of Analysis of Financial Statements
- 4.4 Tools of Analysis of Financial Statements
- 4.5 Comparative Statements
- 4.6 Common Size Statement
- 4.7 Limitations of Financial Analysis
- Summary
- Questions for Practice
Chapter 5: Accounting RatiosUnit 3: Analysis of Financial Statements
- 5.1 Meaning of Accounting Ratios
- 5.2 Objectives of Ratio Analysis
- 5.3 Advantages of Ratio Analysis
- 5.4 Limitations of Ratio Analysis
- 5.5 Types of Ratios
- 5.6 Liquidity Ratios
- 5.7 Solvency Ratios
- 5.8 Activity (or Turnover) Ratio
- 5.9 Profitability Ratios
- Summary
- Questions for Practice
Chapter 6: Cash Flow StatementUnit 4: Cash Flow Statement
- 6.1 Objectives of Cash Flow Statement
- 6.2 Benefits of Cash Flow Statement
- 6.3 Cash and Cash Equivalents
- 6.4 Cash Flows
- 6.5 Classification of Activities for the Preparation of Cash Flow
- 6.6 Ascertaining Cash Flow from Operating Activities
- 6.7 Ascertainment of Cash Flow from Investing and Financing Activities
- 6.8 Preparation of Cash Flow Statement
- Summary
- Questions for Practice
Computerised Accounting System
Chapter 1: Overview of Computerised Accounting SystemUnit 4 (alternative to Units 3-4 financial statement analysis): Computerised Accounting
- 1.1 Computerised Accounting System
- 1.2 Components of CAS
- 1.3 Salient Features of CAS
- 1.4 Grouping of Accounts
- 1.5 Using Software of CAS
- 1.6 Advantages of CAS
- 1.7 Limitations of CAS
- 1.8 Accounting Information System (AIS)
- Summary
Chapter 2: SpreadsheetUnit 4 (alternative to Units 3-4 financial statement analysis): Computerised Accounting
- 2.1 Basic Concepts of Spreadsheet
- 2.2 Data Entry, Text Management and Cell
- 2.3 Data Formatting
- 2.4 Output Reports
- 2.5 Preparation of Reports Using Pivot Table
- 2.6 Common Errors (Messages) in Spreadsheet
- Summary
Chapter 3: Use of Spreadsheet in Business ApplicationsUnit 4 (alternative to Units 3-4 financial statement analysis): Computerised Accounting
- 3.1 Payroll Accounting
- 3.2 Asset Accounting
- 3.3 Loan Repayment Schedule
- Summary
Chapter 4: Graphs and Charts for Business DataUnit 4 (alternative to Units 3-4 financial statement analysis): Computerised Accounting
- 4.1 Graphs and Charts
- 4.2 Basics Steps for Graphs/Charts
- 4.3 Advantages in Using
- Summary
Free sample questions
Three sample questions with answers. Full explanations — and the rest of the question bank — are free to read after you sign up.
Q2. Assertion (A): If only one old partner gives a guarantee of minimum profit to a new partner, the deficiency is shared by all old partners in their profit sharing ratio. Reason (R): The partner(s) who give the guarantee alone bear the deficiency.
- Both A and R are true and R is the correct explanation of A.
- Both A and R are true but R is not the correct explanation of A.
- A is true but R is false.
- A is false but R is true.
Show answer
Correct answer: D. A is false but R is true.
🔒 The full explanation is free to read after you sign up →
Q3. Dearness Allowance (DA) in a payroll is granted periodically as a percentage of:
- Basic Pay plus Dearness Pay, if applicable
- Gross salary
- House Rent Allowance
- Net salary
Show answer
Correct answer: A. Basic Pay plus Dearness Pay, if applicable
🔒 The full explanation is free to read after you sign up →
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Chapter lists follow the NCERT textbooks as available to us; textbooks are revised from time to time, so confirm on ncert.nic.in.
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