All About NCERT Books Class 12 Accountancy

All About NCERT Books Class 12 Accountancy

NCERT books for class 12 accountancy have been written and prepared for students of class 12. The best part about this book is that it has been prepared by the experts and curriculum experts of NCERT. This blog post will talk about the importance of accountancy in our society, NCERT books, and why a student needs them. This blog post will talk about the syllabus covered by the NCERT Accountancy books of Class 12.

What is Accountancy? 

Accounting is not just about numbers. It’s also about benchmarking performance against your peers in the marketplace and understanding the drivers of profitability, including cost control and product pricing strategies. Accountants are guardians of financial data so companies can show their shareholders what they want them to see: profit growth over time. This blog is going to discuss all NCERT Books Class 12 Accountancy.

About NCERT

NCERT or The National Council of Educational Research and Training is a UGC-recognised certificate awarding body in India. It has been a forerunner in teacher education and training since its inception in 1965. NCERT provides excellent study material for students from primary to higher secondary levels.

The NCERT makes available study materials, training modules, sample question papers, guide books for teachers, and educational videos to improve the quality of teaching/learning in schools.

Why Do You Need NCERT For a student of Class 12?

Every year, thousands of students take admission into various CBSE schools in India. The board claims to have more than 17000 affiliated schools. With the CBSE Board Class 12 year results coming up, it’s important to know the right books to buy. From Indian History textbooks for class 11 to economics, physics, and chemistry for class 12th, NCERT has it all.

NCERT has been publishing books that are prescribed by the NCERT syllabus for many years now. It is an excellent medium of teaching with its high-quality content and inclusive nature. The best part about NCERT textbooks is their affordability which makes them accessible to anyone who wishes to purchase them. NCERT is also open to suggestions from its users and keeps on optimizing its content according to the changes in the syllabus.

Trained teachers offer classes and the books are bought by students. Students take help from parents or anybody who can answer their queries or point out mistakes in the book.

Why Should You Use NCERT books for Class 12?

Some of the reasons that you should use NCERT books for Class 12 are:

  • NCERT is affordable and accessible.
  • NCERT is hassle-free as it’s easily available in the market.
  • NCERT is globally recognized as a quality standard textbooks publisher in India.
  • NCERT books are good for competitive exams.
  • NCERT books help students gain knowledge and develop analytical skills.
  • NCERT can help students excel in exams and competitions.
  • NCERT books are written according to the latest trends and developments around the world.
  • NCERT is a good choice for students preparing for competitive exams.
  • There is a great demand for NCERT books and they’re in great demand across the country as well as abroad.
About NCERT Books Class 12 Accountancy

NCERT books class 12 accountancy is the best book that contains topics related to accountancy, economics, and business. The topics in this book include Chapter 1 – Accounting Principles, Chapter 2- Income Tax, Chapter 3- Cost and Management Accounting, and so on.

This book is made for students of class 12. Through this book, one can learn more about accountancy specifically. It includes chapters like understanding the accounting concepts and application of accounting principles. This book contains explanations and questions that can be used to practice at home. This book is available in the market and can be purchased from any nearby store.

NCERT (National Council of Educational Research and Training) books class 12 accountancy price in India is the lowest as compared to other educational books available in the market. The price of this book is approximately Rs 250 only depending on the edition, publisher, and availability.

Syllabus Covered By the Accountancy NCERT book of Class 12:

A syllabus is a schedule of the topics designed for a provided course. The book of Accountancy for Class 12 has been designed to focus on the following areas:

  • Compound Interest
  • Types of Capitals (Presentation)
  • The Balance Sheet
  • Financial Statements
  • Company Accounts (Study I)  
  • Non-Profit Organizations (Study I)
  • Accounting for Joint Ventures (Study II)
  • Accounting for Sole Proprietors (Study III)
  • Accounting for Private Limited Liability Companies (Study IV) 
  • Accounting for Public Limited Liability Companies (Study V) 
  • Accounting for Foreign Currency Basic Concepts 
  • Basic Accounting Concepts
  • Types of Money
  • Prices of goods and services
  • Volume of Production
  • Profit and Loss Account (Reporting Periods) 
  • Balance Sheet (Variations) 
  • Income Statement (Variations) 
  • Cash Flow Statement (Variations)
  • Investment and Investment Account 
  • Balance Sheet (Variations)
  • Income Statement (Variations) 
  • Cash Flow Statement (Variations) 
  • Working Capital Requirements for Companies of Different Sector Types 
  • Accounting for Stock Companies(Study I)

Here is the syllabus covered by the NCERT Accountancy Book Part 1 (Accountancy: Partnership Accounts) for class 12:

Chapter Number Chapter Name
Chapter 1 Accounting for Partnership: Basic Concepts
Chapter 2 Accounting for Not for Profit Organisation
Chapter 3 Reconstitution of Partnership Firm (Admission of Partner)
Chapter 4 Reconstitution of a Partnership Firm: (Retirement or Death of a Partner)
Chapter 5 Dissolution of Partnership Firm

 

Here is the syllabus covered by the NCERT Accountancy Book Part 2 (Accountancy: Company Accounts and Analysis of Financial Statements) for class 12:

Chapter Number Chapter Name
Chapter 1 Accounting for Share Capital
Chapter 2 Issue and Redemption of Debentures
Chapter 3 Financial Statements of a Company
Chapter 4 Analysis of Financial Statements
Chapter 5 Accounting Ratios
Chapter 6 Cash Flow Statement

 

Conclusion:

NCERT books for class 12 of accountancy are the best choice for the students who wish to learn more about accountancy. This book is written by the National Council of Educational Research and Training (NCERT). The author of this book was Prof. Bimal Roychowdhury. The first edition of NCERT books classes 12 accountancy was published by NCERT in 2002.

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