Category: Accountancy Class 12

CBSE Class 12 Notes

CBSE Class 12 Accountancy Notes The syllabus of CBSE Class 12 Accountancy comprises of the following chapters. We have prepared various notes along with detailed

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Interest on Debentures

Debentures are an instrument, an acknowledgement of debt, issued under the common seal of the company which is duly signed by authorized signatory and is

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Common Size Statement

Common Size Statement is a statement in which each item is presented in a percentage form. It could be a percentage of the total amount/

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Treatment of Goodwill

When a partner leaves the partnership firm either due to his retirement or due to his death, he or is legal representative are entitled to

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Gaining Ratio

When a partner of a partnership firm decides to retire from the firm or when a partner is deceased, the profit sharing rate of the

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Balancing the Accounts

What is the Balancing of Accounts? We know that there are ledger accounts have debit side and credit side.  Both side has few entries. Sometimes

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Journal Proper

Journal Proper is a book of original entry. It records the transactions which cannot be recorded in any special book. This book is also called

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Sales Return Book

Customers might return the goods sold on to them for variety of reasons like defect in the goods, over supply, not right product etc. Sales

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