Accounting for Not-for-Profit Organisation - CBSE Notes for Class 12 Accountancy CBSE NotesCBSE Notes AccountancyNCERT Solutions Accountancy Topic1: Concepts of Partnership and Partnership Deed 1. Partnership According to Section 4 of the Indian Partnership Act, 1932, ‘Partnership is defined as, 'the relation between persons who have, agreed to share the profits of a … [Read more...]
Reconstitution of a Partnership Firm — Retirement/Death of a Partner – CBSE Notes for Class 12 Accountancy
Reconstitution of a Partnership Firm — Retirement/Death of a Partner - CBSE Notes for Class 12 Accountancy Topic 1: Introduction and New Profit Sharing Ratio/Gaining Ratio 1. Meaning of Retirement Retirement of a partner means ceasing to be a partner of the firm. The different ways by which a partner can retire from the firm are: (i) With the consent of all the … [Read more...]
Dissolution of Partnership Firm – CBSE Notes for Class 12 Accountancy
Dissolution of Partnership Firm - CBSE Notes for Class 12 Accountancy CBSE NotesCBSE Notes AccountancyNCERT Solutions Accountancy 1. Dissolution Dissolution means discontinuance of existing relationship among the partners. According to Indian Partnership Act, 1932, dissolution may be either of partnership or of a firm. 2. Dissolution of Partnership It changes the existing … [Read more...]
Cash Flow Statement – CBSE Notes for Class 12 Accountancy
Cash Flow Statement - CBSE Notes for Class 12 Accountancy CBSE NotesCBSE Notes AccountancyNCERT Solutions Accountancy 1. Cash Flow Statement Cash flow statement is a statement showing the changes in financial position of a business concern during different intervals of time in terms of cash and cash equivalents. The Revised Accounting Standard-3 has made it mandatory for … [Read more...]
Issue and Redemption of Debentures – CBSE Notes for Class 12 Accountancy
Issue and Redemption of Debentures - CBSE Notes for Class 12 Accountancy CBSE NotesCBSE Notes AccountancyNCERT Solutions Accountancy Topic 1: Introduction, Issue of Debentures and Various Cases from The Point of View of Redemption 1. Meaning of Debenture It means a document of companies indebtedness issued under the seal of the company and containing a contract for the … [Read more...]