This is the National Council of Educational Research and Training (NCERT) accountancy textbook for Class XII, Not-for-Profit Organisation and Partnership Accounts — the first of the two-volume Class 12 accountancy set. It is an English medium (Roman script) book — the complete text, formats, worked illustrations and exercises are in English, and there is no Hindi content in it. It is prescribed for CBSE schools and for state boards that follow the NCERT curriculum.
This volume covers everything before the company form. It opens with accounting for not-for-profit organisations — receipts and payments account, income and expenditure account, and the balance sheet of a club, school or hospital, including the treatment of subscriptions, donations, legacies and consumable stores. The rest of the book is partnership. It begins with the fundamentals: the partnership deed, the provisions that apply in its absence, fixed and fluctuating capital accounts, profit distribution, interest on capital and drawings, and past adjustments. Goodwill follows, with its nature and the methods of valuation. Then come the reconstitution chapters — change in profit sharing ratio, admission of a partner, retirement and death of a partner — each with revaluation of assets and liabilities, treatment of reserves and goodwill, and adjustment of capitals. The last chapter deals with dissolution of a partnership firm and the realisation account.
Partnership accounts carry the largest weightage in the Class 12 accountancy paper, and this is a subject where the format is examined as strictly as the reasoning. The journal entry layouts, the revaluation and realisation account formats, and the sequence of adjustments shown here are what the board expects to see reproduced. The book carries a large number of solved illustrations worked step by step, followed by "Do it Yourself" problems within the chapters and numerical questions at the end — in accountancy those exercises are not extra practice, they are the syllabus, and the reconstitution chapters in particular need to be worked through with a pen rather than read.
Beyond the board examination, this volume is the standard first exposure to partnership accounting for students heading into CA Foundation, CS Executive Entrance, CMA and B.Com. The treatment here is lighter than the professional syllabus but identical in substance, so a student who has mastered it starts those courses with the groundwork done.
Note that this is Part I of the Class 12 set — company accounts, including share capital, debentures, financial statement analysis, accounting ratios and cash flow statement, are in Accountancy Part II: Company Accounts and Analysis of Financial Statements, and both volumes are needed for the complete Class 12 syllabus.
Key Features:
English medium book — complete content written in English (Roman script), no Hindi content
Published by NCERT (National Council of Educational Research and Training)
Accountancy — Not-for-Profit Organisation and Partnership Accounts, Textbook for Class XII (Class 12)
Prescribed for CBSE schools and state boards following the NCERT curriculum
Covers Accounting for Not-for-Profit Organisation — receipts and payments, income and expenditure, balance sheet
Covers Accounting for Partnership — Basic Concepts, partnership deed and capital accounts
Covers Reconstitution of a Partnership Firm — change in profit sharing ratio
Covers Admission of a Partner — revaluation, goodwill and capital adjustment
Covers Retirement and Death of a Partner
Covers Dissolution of a Partnership Firm and the realisation account
Goodwill — nature and methods of valuation
Prescribed formats for journal entries, revaluation and realisation accounts
Solved illustrations worked step by step
"Do it Yourself" problems within chapters and numerical exercises at chapter end
Carries the largest weightage in the CBSE Class 12 accountancy board examination
Also useful as groundwork for CA Foundation, CS, CMA and B.Com. entrance preparation
Part I of a two-volume set — Part II carries company accounts and financial statement analysis
यह पुस्तक राष्ट्रीय शैक्षिक अनुसंधान और प्रशिक्षण परिषद (NCERT) द्वारा कक्षा XII (कक्षा 12) के लिए निर्धारित लेखाशास्त्र की पाठ्यपुस्तक Accountancy — Not-for-Profit Organisation and Partnership Accounts है। ध्यान दें: यह पुस्तक पूर्णतः अंग्रेज़ी भाषा एवं रोमन लिपि में है — इसमें हिन्दी भाषा का प्रयोग नहीं है। इस भाग में अलाभकारी संस्थाओं का लेखांकन (प्राप्ति एवं भुगतान खाता, आय-व्यय खाता तथा तुलन-पत्र), साझेदारी लेखांकन के मूल सिद्धांत (साझेदारी संलेख, पूँजी खाते, लाभ-विभाजन, पूँजी एवं आहरण पर ब्याज), ख्याति एवं उसके मूल्यांकन की विधियाँ, फर्म का पुनर्गठन (लाभ-विभाजन अनुपात में परिवर्तन, नए साझेदार का प्रवेश, अवकाश ग्रहण एवं मृत्यु) तथा साझेदारी फर्म का विघटन — ये अध्याय सम्मिलित हैं। हल किए गए उदाहरण चरणबद्ध रूप में दिए गए हैं तथा प्रत्येक अध्याय में "Do it Yourself" प्रश्न एवं अध्यायांत संख्यात्मक अभ्यास सम्मिलित हैं। बोर्ड परीक्षा में साझेदारी लेखांकन का भारांक सर्वाधिक होता है और प्रारूप (format) उतना ही महत्त्वपूर्ण है जितना हल। CA Foundation, CS, CMA एवं B.Com. की तैयारी हेतु भी यह आधार पुस्तक उपयोगी है। ध्यान दें कि यह भाग-I है; कम्पनी लेखांकन के अध्याय भाग-II में हैं — सम्पूर्ण पाठ्यक्रम हेतु दोनों भाग आवश्यक हैं।
