Cash Flow Statement – CBSE Notes for Class 12 Accountancy CBSE Notes Accountancy 1. Cash Flow Statement Cash flow statement is a statement showing the changes in financial position of a business concern during different intervals of time in terms of cash and cash equivalents. The Revised Accounting Standard-3 has made it mandatory for all…
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Accounting Ratios – CBSE Notes for Class 12 Accountancy Topic 1: Introduction 1. Ratio It is an arithmetical expression of relationship between two related or interdependent items. 2. Accounting Ratios It is a mathematical expression that shows the relationship between various items or groups of items shown in financial statements. When ratios are calculated on…
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Analysis of Financial Statements – CBSE Notes for Class 12 Accountancy CBSE Notes Accountancy 1. Financial Statement Analysis It is the systematic numerical representation of the relationship of one financial fact with the other to measure the profitability, operational efficiency, solvency and the growth potential of the business. 2. Types of Financial Statement Analysis (i)…
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Financial Statements of a Company – CBSE Notes for Class 12 Accountancy 1. Financial Statements The statements which are prepared to ascertain the profit earned or loss suffered and position of assets and liabilities at a particular date are known as financial statements. These are the final product of accounting process. A set of financial…
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Issue and Redemption of Debentures – CBSE Notes for Class 12 Accountancy CBSE Notes Accountancy Topic 1: Introduction, Issue of Debentures and Various Cases from The Point of View of Redemption 1. Meaning of Debenture It means a document of companies indebtedness issued under the seal of the company and containing a contract for the…
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Accounting for Share Capital – CBSE Notes for Class 12 Accountancy Topic 1: Introduction 1. Company A joint stock company is an artificial person, created by law, having separate entity distinct from its members with a perpetual succession and a common seal. 2. Characteristics or Features of a Company (i) Artificial person (ii) Voluntary association…
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Dissolution of Partnership Firm – CBSE Notes for Class 12 Accountancy CBSE Notes Accountancy 1. Dissolution Dissolution means discontinuance of existing relationship among the partners. According to Indian Partnership Act, 1932, dissolution may be either of partnership or of a firm. 2. Dissolution of Partnership It changes the existing relationship between partners but the firm…
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Reconstitution of a Partnership Firm — Retirement/Death of a Partner – CBSE Notes for Class 12 Accountancy Topic 1: Introduction and New Profit Sharing Ratio/Gaining Ratio 1. Meaning of Retirement Retirement of a partner means ceasing to be a partner of the firm. The different ways by which a partner can retire from the firm…
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Reconstitution of a Partnership Firm — Admission of a Partner – CBSE Notes for Class 12 Accountancy CBSE Notes Accountancy Topic 1: introduction and New Profit Sharing Ratio and Sacrificing Ratio 1. Meaning Admission of a partner is one of the modes of reconstituting the firm under which old partnership comes to an end and…
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Accounting for Partnership: Basic Concepts – CBSE Notes for Class 12 Accountancy Any change in existing agreement of partnership amounts to reconstitution of a firm. As a result, the existing agreement comes to an end and a new agreement comes into existence and the firm continues. 1. Modes of Reconstitution of a Partnership Firm Reconstitution…
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