Accountancy [for Class XII]

This book is strictly according to the syllabus of NCERT/CBSE adopted by the Bihar School Examination Board (Higher Education), Patna. This book is primarily based on Modern Approach of Accounting and Mandatory Accounting Standards issued by ICAI. The present syllabus is divided into two following parts :
1. Part A : Accounting for Not-For Profit Organisation and Partnership Firm. (60 marks)
2. Part B : Company Accounts and Financial Statement Analysis (40 marks)
OR
Part C : Computerized Accounting System (40 marks)
This book contains only Part A and Part B, and designed according to the syllabus taking into the needs of students and pattern of the syllabus as well as questions.

Main Attractions of the Book :

• (1) Adequate numbers of questions are given at the end of each chapter : (i) Long Answer, (ii) Short Answer, (iii) Very Short Answer, (iv) Practical Questions, and (v) Objective Questions.
• (2) Each example is presented in a very simple, logical and systematic sequence i.e., from simple to harder level with proper working notes, tutorial notes and clarification.
• (3) Practical questions are strictly based on the sequence of examples by giving a table, “Solved Examples and Practical Questions” at the end of each chapter.
• (4) Class-tested and well-graded materials are given by giving weightage of each topic, according to the marks/periods allotted by the syllabus.
• (5) Application of Accounting Standard-10 regarding treatment of goodwill in partnership firm.
• (6) Presentation of Cash Flow Statement as per Accounting Standard-3.
• (7) Incorporation of SEBI Guidelines and relevant provisions of the Indian Companies Act, 1956 as amended up to date in Corporate Accounting (Issue of shares and debentures, forfeiture and re-issue of shares, and Redemption of debentures).
• (8) Inclusion of Fund Accounting and Non-Fund Accounting.
• (9) Inclusion of CBSE, NCERT, Bihar Board and Jharkhand Academic Council.

Accounting is both a science and an art. Accounting, as a science, has its own assumptions, concepts, principles and standards, whereas an art, it has practical applications of the established rules; on the basis of which justificable and applicable decisions are taken by the business concern. With this approach towards an attempt has been made in this book.