NCERT Solutions for Class 12 Accountancy
Gurukul by Oswal’s Class 12 Accountancy NCERT Solutions are designed to help Class 12 Accountancy students prepare effectively for exams. The book strictly follows the NCERT syllabus for 2025–26, which has been revised under NEP 2020 to reduce the academic load on students.
The NCERT Class 12 Accountancy syllabus covers topics related to Not-for-Profit Organisations and Partnership Firms. It also includes Computerised Accounting Systems as an optional course under Company Accounts and Analysis of Financial Statements.
Accounting is a dynamic subject, with financial rules changing regularly. Keeping this in mind, these Class 12 Accountancy NCERT Solutions are prepared by experienced subject experts. They explain complex concepts in a simple and clear manner while staying updated with the latest financial guidelines.
The solutions cover all chapters of Class 12 Accountancy. Students can easily access and practise these CBSE Class 12 Accountancy solutions to strengthen their exam preparation. The NCERT Accountancy book is divided into Part A and Part B, while Part C focuses on Project Work. Using these solutions helps students understand the exam pattern and improve their overall performance.
- ▪ Class 12 Accountancy NCERT Solutions
- ▪ Class 12 Accountancy NCERT Solutions – Free PDF Download
- ▪ Class 12 Accountancy NCERT All Chapters
- ▪ NCERT Solutions for Class 12 Accountancy: Chapter OverviewNCERT Solutions for Class 12 Accountancy help students understand concepts clearly and prepare effectively for board exams. The Class 12 Accountancy syllabus is divided into three parts.Part A: Accounting for Partnership Firms and CompaniesPart B: Financial Statement AnalysisPart C: Project work, including project file and vivaStudents can also choose Computerised Accounting instead of Part B. In this case, the project focuses on practical work and viva related to Computerised Accounting.As per the National Education Policy (NEP) 2020, NCERT has updated the syllabus. Accountancy remains a detailed subject as it deals with real business operations, laws, and financial practices. With regular practice, NCERT Solutions for Class 12 Accountancy make the subject easier to understand and score well.Part A: Accounting for Partnership FirmsChapter 1: Accounting for Partnership Firms – Basic ConceptsThis chapter introduces partnership firms, partnership deeds, and basic accounting rules. NCERT Solutions for Class 12 Accountancy explain profit distribution, capital accounts, interest on capital and drawings, profit guarantees, correction of errors, and preparation of final accounts.Chapter 2: Reconstitution of a Partnership Firm – Admission of a PartnerThis chapter explains changes in a partnership when a new partner is admitted. Topics include change in profit-sharing ratio, goodwill valuation, and necessary accounting adjustments.Chapter 3: Reconstitution of a Partnership Firm – Retirement or Death of a PartnerStudents learn how partnership accounts are adjusted when a partner retires or passes away. The chapter focuses on settlement of accounts and reconstitution of the firm.Chapter 4: Dissolution of Partnership FirmThis chapter covers the closure of a partnership firm. It explains types of dissolution, settlement of claims, and preparation of the realisation account using NCERT Solutions for Class 12 Accountancy.Part B: Company Accounts and Financial Statement Analysis
- ▪ Project WorkPart B of the Accountancy class 12 NCERT also involved project work that will cover any two aspects;Comparative and common size financial statementsAccounting RatiosSegment ReportsCash Flow Management(Or) Part B- Computerised Accounting System
- ▪ Chapter-wise Marking Scheme 2025-26
- ▪ Key Features of Class 12 Accountancy NCERT Solutions
Class 12 Accountancy NCERT Solutions
NCERT Accountancy book class 12 solutions are a perfect study material for 12th Accountancy students. Accountancy is not what we learn from class 1. It is introduced after class 10 for students who take Commerce as a subject.
Class 12th Accountancy is a specialised subject that focuses on training professionals who take care of all the Account related operations in the professional and business field.
The class 12 Accounts NCERT solutions by Oswal Publishers help create a stronghold in the subject with its easy language. Our subject matter experts have set the 12th Accountancy solutions with utmost precision while considering the latest changes.
When you prepare for Accountancy with the help of the 12th Accountancy guide, do not forget to refer to the Accountancy class 12 NCERT solutions that help understand the exam pattern and weightage of marks.
Practicing with Accountancy class 12 solutions will help you understand the CBSE exam pattern and score well in your subject.
Class 12 Accountancy NCERT Solutions – Free PDF Download
Class 12 Accountancy NCERT All Chapters
Part A
- Accounting for Partnership: Basic Concepts
- Reconstitution of a Partnership Firm-Admission of a Partner
- Reconstitution of a Partnership Firm-Retirement/Death of a Partner
- Dissolution of Partnership Firm
Part B
- Accounting for Not-for-Profit Organisation
- Accounting for Partnership: Basic Concepts
- Reconstitution of a Partnership Firm-Admission of a Partner
- Reconstitution of a Partnership Firm-Admission of a Partner
- Dissolution of Partnership Firm
Computerised Accounting System
- Overview of Computerised Accounting System
- Spreadsheet
- Use of Spreadsheets in Business Applications
- Graphs and Charts for Business Data
NCERT Solutions for Class 12 Accountancy: Chapter Overview
NCERT Solutions for Class 12 Accountancy help students understand concepts clearly and prepare effectively for board exams. The Class 12 Accountancy syllabus is divided into three parts.
Part A: Accounting for Partnership Firms and Companies
Part B: Financial Statement Analysis
Part C: Project work, including project file and viva
Students can also choose Computerised Accounting instead of Part B. In this case, the project focuses on practical work and viva related to Computerised Accounting.
As per the National Education Policy (NEP) 2020, NCERT has updated the syllabus. Accountancy remains a detailed subject as it deals with real business operations, laws, and financial practices. With regular practice, NCERT Solutions for Class 12 Accountancy make the subject easier to understand and score well.
Part A: Accounting for Partnership Firms
Chapter 1: Accounting for Partnership Firms – Basic Concepts
This chapter introduces partnership firms, partnership deeds, and basic accounting rules. NCERT Solutions for Class 12 Accountancy explain profit distribution, capital accounts, interest on capital and drawings, profit guarantees, correction of errors, and preparation of final accounts.
Chapter 2: Reconstitution of a Partnership Firm – Admission of a Partner
This chapter explains changes in a partnership when a new partner is admitted. Topics include change in profit-sharing ratio, goodwill valuation, and necessary accounting adjustments.
Chapter 3: Reconstitution of a Partnership Firm – Retirement or Death of a Partner
Students learn how partnership accounts are adjusted when a partner retires or passes away. The chapter focuses on settlement of accounts and reconstitution of the firm.
Chapter 4: Dissolution of Partnership Firm
This chapter covers the closure of a partnership firm. It explains types of dissolution, settlement of claims, and preparation of the realisation account using NCERT Solutions for Class 12 Accountancy.
Part B: Company Accounts and Financial Statement Analysis
Chapter 1: Accounting for Share Capital
This chapter explains how companies raise capital from shareholders. It focuses on accounting treatment as per the Companies Act, 2013.
Chapter 2: Issue and Redemption of Debentures
Students learn the meaning of debentures and how companies raise long-term funds. NCERT Solutions for Class 12 Accountancy explain accounting entries clearly and step by step.
Chapter 3: Financial Statements of a Company
This chapter highlights the importance of preparing financial statements according to legal and tax requirements. It explains the format and purpose of company financial statements.
Chapter 4: Analysis of Financial Statements
This chapter focuses on financial analysis and interpretation. Students learn various tools used to analyze a company’s financial performance.
Chapter 5: Accounting Ratios
Accounting ratios help evaluate a company’s profitability, efficiency, and solvency. This chapter explains their meaning, objectives, and limitations.
Chapter 6: Cash Flow Statement
The Cash Flow Statement shows cash inflows and outflows of a business. NCERT Solutions for Class 12 Accountancy help students understand cash flow from operating, investing, and financing activities.
Project Work
Part B of the Accountancy class 12 NCERT also involved project work that will cover any two aspects;
- Comparative and common size financial statements
- Accounting Ratios
- Segment Reports
- Cash Flow Management
(Or) Part B- Computerised Accounting System
Chapter 1: Overview of Computerised Accounting System
In the times before digitization, Financial Experts used to burn the midnight oil and worked hard to reconcile the finances of a company. The Advent of Information Technology transformed the whole world.
The world of Accountancy is not untouched as well. Modern practices in business have imbibed digitization in accounting as well. The first chapter in the Computerised Accounting System unit explores its need and the impact of Information Technology on the Financial Accounting System.
Chapter 2: Spreadsheet
The spreadsheet is generally referred to as an MS Excel sheet with data about a company's expenses. The financial data, which was earlier written by hand, is now fed onto a computer in the form of a spreadsheet.
The second chapter of Accountancy Class 12 NCERT explains the concept of a spreadsheet, its features, and how to work on a spreadsheet.
Chapter 3: Use of Spreadsheets in Business Applications
Chapter 3 of Accountancy Class 12 NCERT helps students understand and learn the use of spreadsheets and other applications like Asset Management and Loan Repayment.
While learning Accountancy on a computer, a student will learn about computing the employee’s gross salary, calculating deprecation by various methods and loan repayment, interest calculation, etc.
Chapter 4: Graphs and Charts for Business Data
Graphs and Charts are easily understandable when it comes to large financial data of a company. Financial statements play a crucial role in formulating policies and planning logistics & operations for a business.
Chapter 4 of Accountancy Class 12 NCERT helps a student represent financial data in the form of graphical charts & diagrams through Excel and use accounting data for graphical representation.
Chapter-wise Marking Scheme 2025-26
| Units | Chapters | Marks |
| Part A | Accounting for Partnership: Basic Concepts | 80 |
| Reconstitution of a Partnership Firm-Admission of a Partner | ||
| Reconstitution of a Partnership Firm-Retirement/Death of a Partner | ||
| Dissolution of Partnership Firm | ||
| Part B | Accounting for Share Capital | 20 |
| Issue and Redemption of Debentures | ||
| Financial Statements of a Company | ||
| Analysis of Financial Statements | ||
| Accounting Ratios | ||
| Cash Flow Statement | ||
| Or | ||
| Part B | Accounting for Partnership: Basic Concepts | 20 |
| Overview of Computerised Accounting System | ||
| Use of Spreadsheet in Business Applications | ||
| Graphs and Charts for Business Data | ||
| Total | 100 | |
The practical and internal assessment carries a weightage of 20 marks:
The Part B of class 12 Accountancy chapters are assessed based on the practical or project work assigned to them. Students can opt for any of Part B for Accountancy. Company Accounts and Analysis of Financial Statements and Computerised Accounting System are the two choices for Part B for class 12 Accountancy students.
Key Features of Class 12 Accountancy NCERT Solutions
Class 12 Accountancy book deals with the complex field of Accountancy. Worry not! Gurukul By Oswal's Class 12 NCERT Solutions Accountancy by Oswal Publisher is the right reference study material along with the Accountancy 12th guide.
Our experts specially collate the 12th Accountancy solutions to help you prepare well for the class 12 exam. If you are searching for NCERT Accountancy book class 12 solutions, you must look no further. The experts have made it easy for Accountancy class 12 students to solidify their preparation with Accountancy class 12 NCERT solutions.
Here are some of the USPs that make our Accountancy class 12 NCERT solutions unique from others;
- Follows the NCERT Syllabus: The Accountancy class 12 NCERT solutions by Oswal Publishers strictly follows the latest NCERT syllabus. This year, the NCERT syllabus has been revised as per the NEP 2020. These Accountancy class 12 NCERT solutions cover the latest chapters
- No Subscription Fee: Students must not pay any subscription or registration fee to access the Accountancy Class 12 NCERT Solutions. The Account Class 12 solutions are free.
- Experts from the field prepare the Accountancy Class 12 NCERT Solutions: We understand that class 12 is a decisive point in a students’ life. Hence, precision and accuracy are important. We have a team of subject matter experts who curate the class 12th Accounts solution with skills they have acquired from years of experience.
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FAQs on Class 12 Accountancy NCERT Solutions
Ans: Accountancy is a complex subject and is introduced to students after class 10 only. But don’t worry, with the Accountancy Class 12 NCERT Solutions. You will find it easy to understand. These 12 Accountancy NCERT solutions will help you prepare for class 12 CBSE board exams.
Ans: Part B 12th Accountancy students can choose from Company Accounts and Analysis of Financial Statements and Computerised Accounting System. The 20 marks practical is based on the project/practical work from the units in Part B. Students can choose any topic for Part B depending on their interest and competency level.
Ans: Students can refer to any Accountancy 12th guide for Accountancy class 12. However, the Accountancy Class 12 NCERT Solutions properly explains each class 12 Accountancy chapter. The 12th Accountancy solutions are free and easily understandable.
Ans: No, Part B in Class 12 Accountancy has two options. If you choose the Company Accounts and Analysis of Financial Statements, you must prepare a project report. If you take Computerised Accounting System, you must give a practical test. The weightage for both is 20 marks.
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