NCERT Class 12 Accountancy books will be crucial for the students preparing for the board exams. Most questions in the 12th Accounts paper will be based on the NCERT books. Furthermore, it covers all the topics prescribed by the CBSE that students need to study for 12th exams.
So, in this article, students will get the pdf of NCERT Class 12 Accountancy books in English and Hindi for the 2023-24 session. Students can take a printout of the pdf or study directly through soft copy. Moreover, we’ll also share the 12th Accounts syllabus and tips to score good marks.
Also Check: Project of Class 12th Accountancy
NCERT Class 12 Accountancy Books 2023-24 PDF
Students who are appearing for the CBSE class 12th Accountancy exam 2023-24 in English should follow these NCERT books.
Students who are appearing for the CBSE class 12th Accountancy exam 2023-24 in Hindi Should follow these NCERT books.
In case the students have opted for a computerized Accounting system then CBSE prescribed book is Computerised Accounting System Class XII NCERT Publication
Also, Check: Class 12th English Project 2024
CBSE 12th Accounts Chapter-Wise Book PDF 2023-24
In the following sections, students can download the chapter-wise pdf of the NCERT Class 12 Accountancy book.
Chapter-wise NCERT Accountancy Book Part 1
| 12th Accounts Chapter | Book PDF |
|---|---|
| Chapter 1: Accounting for Not-for-Profit Organisation | Download |
| Chapter 2: Accounting for Partnership: Basic Concepts | Download |
| Chapter 3: Reconstitution of a Partnership Firm – Admission of a Partner | Download |
| Chapter 4: Retirement/Death of a Partner | Download |
| Chapter 5: Dissolution of Partnership Firm | Download |
Chapter-wise NCERT Accountancy Book Part 2
| 12th Accounts Chapter | Book PDF |
|---|---|
| Chapter 1: Accounting for Share Capital | Download |
| Chapter 2: Issue and Redemption of Debentures | Download |
| Chapter 3: Financial Statements of a Company | Download |
| Chapter 4: Analysis of Financial Statements | Download |
| Chapter 5: Accounting Ratios | Download |
| Chapter 6: Cash Flow Statement | Download |
Students can also download the CBSE Class 12th economics book chapter-wise pdf from this page.
12th Accounts Syllabus for the 2023-24 Exams
The 12th Account is divided into three parts that are:
A – Accounting for Not-for-Profit Organizations, Partnership Firms, and Companies
B – Financial Statement Analysis
C – Project Work
There are 5 chapters in the entire Accountancy part -1 book and 6 chapters in the Accountancy part -2. Students have to study these books to prepare for the 12th board exams.
Accountancy Part A Syllabus
To cover the first Part A syllabus, students will require Accountancy Book 1 and a few chapters from Accountancy Book 2. The mark weightage given to part A is 60 marks. Part A Accounting for Not-for-Profit Organizations, Partnership Firms, and Companies can further be divided into 3 units.
Unit 1. Financial Statements of Not-for-Profit Organizations
Students need to cover the following important topics for unit 1 of the Part A Account syllabus.
- Understand the meaning of a Not-for-profit organization and how it is different from a profit
- making an entity.
- Understand the meaning and features of receipts and payments accounts, and also learn how to prepare receipts and payments accounts.
- Understand income and expenditure features and learn to prepare income and expenditure accounts and balance sheets of a not-for-profit organization.
Some important checks by CBSE for Unit 1 :
(i) Adjustments in a question should not exceed 3 or 4 in number and are restricted to subscriptions,
consumption of consumables, funds, and sale of assets/ old material/funds.
(ii) Entrance/admission fees and general donations are to be treated as revenue receipts.
(iii) Trading Account of incidental activities is not to be prepared.
Unit 2. Accounting for Partnership Firms
Students need to cover the following important topics for unit 2 of the Part A Account syllabus.
- Understand partnership, partnership firm, and partnership deed.
- Should be able to list all the characteristic features of a partnership and the contents of the partnership deed.
- Should also be able to identify the significance of the provision of the Partnership Act in the absence of a partnership deed.
- Easily differentiate between fixed and fluctuating capital, and be able to count them while preparing a Profit and Loss Appropriation Account, and should also learn how to involve guarantee of profits while preparing a P&L appropriation account.
- Understand goodwill, and valuation of goodwill using different methods.
- Modes of Reconstitution of a Partnership Firm, How to treat Admission of a New Partner New Profit Sharing Ratio, Sacrificing Ratio
- Adjustment for Accumulated Profits and Losses, Revaluation of Assets and Reassessment of Liabilities, Adjustment of Capitals
- Change in Profit Sharing Ratio among the Existing Partners
- Ascertaining the Amount Due to Retiring/Deceased Partner
- New Profit Sharing Ratio, Gaining Ratio, Treatment of Goodwill
- Adjustment for Revaluation of Assets and Liabilities, Adjustment of Accumulated Profits and Losses
- Disposal of Amount Due to Retiring Partner
- Adjustment of Partners’ Capitals, Death of a Partner
- Dissolution of Partnership Firm, Dissolution of Partnership, Dissolution of a Firm, Settlement of Accounts, Accounting Treatment
Some important checks by CBSE for Unit 2 :
(i) The realized value of each asset must be given at the time of dissolution.
(ii) In case the realization expenses are borne by a partner, a clear indication should be given regarding the payment thereof.
Unit 3. Accounting for Companies
Students need to cover the following important topics for unit 3 of the Part A Account syllabus.
- Understand Accounting for Share Capital for companies
- Learn Features and kinds of a Company
- Understand Share Capital of a Company, Nature, and Classes of Shares and Issue of Shares
- Accounting Treatment and Forfeiture of Shares
- Issue and Redemption of Debentures Meaning of Debentures
- The distinction between Shares and Debentures, Types of Debentures, Issue of Debentures, Over Subscription, Issue of Debentures for Consideration other than Cash, Issue of Debentures as a Collateral Security
- Terms of Issue of Debentures, Interest on Debentures, Writing off Discount/Loss on Issue of Debentures, Redemption of Debentures, Redemption by Payment in Lump Sum
- Redemption by Purchase in Open Market
- Redemption by Conversion
Some important checks by CBSE for Unit 3 :
eg: Discount or loss on issue of debentures to be written off in the year debentures are allotted from Security Premium Reserve (if it exists) and then from Statement of Profit and Loss as Financial Cost (AS 16). Note: Related sections of the Companies Act 2013 will apply
Accountancy Part B Syllabus and Chapters
Accountancy Part B Syllabus
To cover the Part B of the syllabus, students will require Accountancy Book 2. The marks weightage given to part A is 20 marks. Financial Statement Analysis can further be divided into 2 units.
Unit 4. Analysis of Financial Statements
Students need to cover the following important topics for unit 4 of the Part B Account syllabus.
- Able to state the meaning, objectives, and limitations of financial statement analysis.
- Learn the proper use of different tools of ‘financial statements analysis’.
- Are able to make Comparative Statements and Common Size Statement
- Understand the Meaning, objective, advantage, and limitation of each Accounting Ratios
- Learn the formulas for all Types of Ratios
- Liquidity Ratios: Current ratio and Quick ratio.
- Solvency Ratios: Debt to Equity Ratio, Total, Asset to Debt Ratio, Proprietary Ratio and, Interest Coverage Ratio.
- Activity Ratios: Inventory Turnover Ratio, Trade Receivables Turnover Ratio, Trade Payables Turnover Ratio, and Working Capital Turnover Ratio.
- Profitability Ratios: Gross Profit Ratio, Operating Ratio, Operating Profit Ratio, Net Profit Ratio, and Return on Investment.
Some important checks by CBSE for Unit 4 :
- The net Profit Ratio is to be calculated on the basis of profit before and after tax.
- Statement of Profit and Loss and Balance Sheet in the prescribed form with major headings and subheadings (as per Schedule III to the Companies Act, 2013)
- Exceptional items, extraordinary items, and profit (loss) from discontinued operations are excluded.
Unit 5. Cash Flow Statement
Students need to cover the following important topics for unit 5 of the Part B Account syllabus.
- Understand the objectives and benefits of the Cash Flow Statement
- Learn about Cash and Cash Equivalents, Cash Flows
- Preparation of cash flow statement after ascertaining cash flow from operating activities, ascertainment of cash flow from investing and financing activities
Some important checks by CBSE for Unit 5 :
(i) Adjustments relating to depreciation and amortization, profit or loss on the sale of assets, including investments, dividend (both final and interim), and tax.
(ii) Bank overdraft and cash credit to be treated as short-term borrowings.
(iii) Current Investments are to be taken as Marketable securities unless otherwise specified.
Accountancy Part C Project work Syllabus and Chapters
Part C is project work that can be submitted from March onwards. Students need to prepare a project file and also prepare for a written test and viva. In order to assess the student on their practical knowledge, CBSE has also issued guidelines on preparing project files.
Students can create a project file by referring to both the accounts book published by NCERT.
Check all the details about the Class 12 practical exams 2023-24 by clicking on this link.
Don’t Get Confused with Computer Accounting Syllabus
In order to sync the senior secondary curriculum with the latest industry trends, CBSE introduced a new subject, Computer accounting. CBSE has allowed students of class 12th to switch to computer accounting even if they were having accounts in class 11th.
For students who opted for computerized accounting, the syllabus remains similar except for unit-4. The regular Unit 4, which is Analysis of Financial Statements, is replaced by a computer accounting unit.
To cover the syllabus of computer accounting, students need to download a PDF of a computer accounting book from here. This book is divided into 5 chapters and has 150 pages.
Why Should You Consider NCERT Class 12 Accountancy Books?
There are many popular books for class 12th accounts available in the market, like TS Agarwal or DK Goel. However, after reviewing the class 12th commerce papers of the last 10 years, we suggest that completing the entire syllabus of the NCERT book is enough to score more than 90% marks in accounts.
NCERT books are well-structured, clear, and simple. They are also the most authentic copy of the entire class 12 CBSE syllabus.
As pioneer educators for the last 14 years, we advise our students to only study from NCERT books.
How to study for CBSE Class 12th 2024 Accounts Paper?
To score good marks in the Accounts paper in the CBSE Class 12th result, students should focus on understanding the basic concepts in accounting books, such as the treatment of transactions. Through focused and detailed study, students can gain the skill to analyze accounting statements through different ratios and help in solving business complexities.
- Write down the formulas and theories on a chart and can keep it handy by sticking it in your room for quick reference,
- Make notes and illustrate every aspect of the non-profit organization, partnership firms, and corporates in your own words
- Make charts of all the accounting ratios and try to memorize them in an interesting format.
- While preparing accounting statements, identify the nature of the product and thoroughly analyze it before its treatment.
- After completing the syllabus, students should also solve CBSE class 12 accountancy sample papers.
Also Check: Courses after 12th
About VSI Jaipur
VSI Jaipur provides the best 12th commerce classes for Accounts, Maths, BST and Economics subjects. By taking tuition from VSI, you can build solid concepts and get high grades in your 12th board exams. Further, if you aspire to become a CA, you can join our coaching classes and clear the CA exams on the first attempt. VSI Jaipur is the best CA Coaching in India and our students have scored the ever-highest marks in CA IPCC, Intermediate and Final exams. Moreover, our 7 students got AIR 1 in the last 10 years.
Further, we also provide the best CMA and ACCA coaching classes for all levels. So, join VSI Jaipur’s online or offline classes to get the best class 12th result and build a strong foundation for CA/CMA/ACCA.
Frequently Asked Questions
Ques 1. Which book is best to study for the Class 12 Accounts paper?
Ans. The NCERT Class 12 Accountancy books are the best option to study. After checking the Accounts papers of the last 10 years, we have observed that most of the paper is based on the NCERT books.
Ques 2. How many books are these in Class 12th Accounts subjects?
Ans. There are two Accounts books in class 12 that cover the entire syllabus.
Ques 3. Is 12th Accounts difficult?
Ans. Yes, the 12th Accounts subject is slightly difficult. Students have to prepare well and do regular practice to excel in this paper.