Accounting for Partnership: Fundamentals
Partnership deed, rules when there is no deed, the P&L Appropriation Account, interest on capital and drawings, fixed and fluctuating capitals, guarantee and past adjustments.
Chapter-wise Accountancy notes
Every chapter of CBSE Class 11 and Class 12 Accountancy: the rules, entries, formats and formulas that carry marks, with free PDF notes and the matching recorded lectures.
Class 12 Accountancy
Valuation of Goodwill
Meaning, nature and factors of goodwill, and all valuation methods: average profit, weighted average, super profit and capitalisation.
Change in Profit-Sharing Ratio
Sacrificing and gaining ratios, treatment of goodwill, reserves and accumulated profits, and revaluation when existing partners change their ratio.
Admission of a Partner
New ratio, sacrificing ratio, premium for goodwill, hidden goodwill, revaluation, reserves and adjustment of capitals on admission.
Retirement and Death of a Partner
Gaining ratio, goodwill, revaluation, reserves, the deceased partner's share of profit, and settlement through the loan or executor's account.
Dissolution of a Partnership Firm
Realisation Account, order of payment under Section 48, partner's loan, realisation expenses and closing the books.
Accounting for Share Capital: Issue, Forfeiture and Reissue
Kinds of share capital, application to final call, calls in arrears and advance, securities premium, over-subscription and pro-rata allotment, forfeiture and reissue.
Issue of Debentures
Debentures issued at par, premium and discount, for consideration other than cash, as collateral security, loss on issue and interest on debentures.
Financial Statements of a Company and Tools of Analysis
Balance Sheet and Statement of Profit and Loss under Schedule III, operating cycle, and comparative and common-size statements.
Accounting Ratios
Liquidity, solvency, activity and profitability ratios with formulas and what goes into each term.
Cash Flow Statement (AS-3)
Cash and cash equivalents, operating, investing and financing activities, and the indirect method step by step.
Class 11 Accountancy
Introduction to Accounting and Theory Base
Meaning and objectives of accounting, users of information, basic terms, accounting concepts and principles, bases of accounting and accounting standards.
Accounting Equation
Assets = Liabilities + Capital, and how every transaction keeps the equation balanced.
Recording of Transactions: Journal and Ledger
Source documents, the rules of debit and credit, journal entries, compound entries, ledger posting and balancing.
Cash Book and Special Purpose Books
Single and double column cash book, petty cash book, contra entries, and the purchases, sales and returns books.
Bank Reconciliation Statement
Why the cash book and the pass book differ, and how to reconcile them from either balance.
Trial Balance and Rectification of Errors
Preparing a trial balance, kinds of errors, errors it does not reveal, suspense account and rectification entries.
Depreciation, Provisions and Reserves
Straight line and written down value methods, provision for depreciation account, disposal of assets, and the difference between provisions and reserves.
Financial Statements of a Sole Proprietor
Trading Account, Profit and Loss Account and Balance Sheet, with every common adjustment.
Complete revision books
Class 12 Accountancy — Complete Revision Notes (all chapters)
Every chapter of Class 12 Accountancy in one PDF: key rules, formats, formulas and tables, with the matching recorded lectures.
Class 11 Accountancy — Complete Revision Notes (all chapters)
Every chapter of Class 11 Accountancy in one PDF: key rules, formats, formulas and tables.
Accountancy MCQ practice with answers (Class 11 & 12)
Board-style MCQs from partnership, goodwill, shares, ratios, cash flow, journal and trial balance, with an answer key and explanations.