NCERT Books Class 12 Accountancy 2024-25 For Board Exams

Class 12 Accountancy Book:- The NCERT Books Class 12 Accountancy 2024-25 edition is an essential resource for students preparing for the CBSE Class 12 Board exams 2025, which are expected to take place in March. These books follow the latest syllabus and provide clear explanations of key topics like accounting principles, financial statements, and partnership accounts. 

With detailed examples and step-by-step solutions, the NCERT Class 12 Accountancy Book 2024-25 helps students understand difficult concepts and ensures thorough preparation. Start your studies early with this book to build a solid foundation for success in the 2025 board exams! Check out the accountancy book class 12. Also, get the class 12 accountancy book pdf below.

Accountancy Class 12 Book– Part 1

1. Chapter 1: Accounting for Partnership: Basic Concepts
   This chapter explains the basics of accounting for partnership firms. It covers important topics like partnership agreements, how profits and losses are shared, and the way capital accounts are maintained. Key terms such as interest on capital, drawings, and partner’s salaries are also discussed to help students understand the basic rules of partnership accounting.

2. Chapter 2: Reconstitution of a Partnership Firm – Admission of a Partner
   When a new partner joins the firm, changes need to be made to the partnership. This chapter covers adjustments like profit-sharing ratios, valuing assets and liabilities, and dealing with goodwill. It explains how these changes affect the firm and what needs to be done to keep the accounts correct.

3. Chapter 3: Reconstitution of a Partnership Firm – Retirement/Death of a Partner
   This chapter explains how to manage the accounts when a partner retires or passes away. It covers how to calculate the partner’s share of the profits, settlement of their account, and adjustments for goodwill and the value of assets. Students also learn how the remaining partners continue the business after these changes.

4. Chapter 4: Dissolution of Partnership Firm
   When a partnership firm closes down, this chapter explains how to settle the accounts. It covers paying off debts, distributing any remaining assets, and closing the firm’s books. Students will also learn about handling situations where a partner is unable to pay their debts, as well as the legal aspects of dissolving the firm.

Also Check CBSE Class 12 Accountancy Sample Question Papers for 2025 Exam

Accountancy Book Class 12 – Part 2

1. Chapter 1: Accounting for Share Capital
   This chapter explains how companies raise money by issuing shares. It covers different types of shares (like equity and preference shares) and how they are issued, whether at par, premium, or discount. The chapter also discusses what happens when shares are forfeited and how they can be reissued.

2. Chapter 2: Issue and Redemption of Debentures
   Companies often raise funds by issuing debentures. This chapter explains the different types of debentures and how they are issued. It also discusses how companies pay back debentures (redeem them) and the accounting methods used to record these transactions.

3. Chapter 3: Financial Statements of a Company
   In this chapter, students learn how to prepare the financial statements of a company, including the balance sheet and income statement. It explains how to classify assets and liabilities and follow the rules set by the Companies Act, making sure students understand how businesses report their financial position.

4. Chapter 4: Analysis of Financial Statements
   This chapter teaches students how to analyse financial statements. It covers methods like comparing statements from different years and analysing trends, helping students understand how to evaluate a company’s financial performance and make decisions based on this analysis.

5. Chapter 5: Accounting Ratios
   Accounting ratios help in measuring a company’s performance. This chapter explains how to calculate key ratios such as profitability, liquidity, and solvency ratios, which give insights into a company’s financial health. These ratios help students compare a company’s performance with others or track its progress over time.

6. Chapter 6: Cash Flow Statement
   This chapter covers how to prepare and understand cash flow statements, which show how cash moves in and out of a business. Students learn to classify cash flows into operating, investing, and financing activities, giving them a clear view of a company’s liquidity and financial health.

Read More: CBSE Class 12 Accountancy Syllabus

Accounts Book Class 12

Introducing the Accounts Book Class 12 from PW, designed to help students succeed in their 2025 exams. This complete resource includes 15 Sample Question Papers for Class 12 Accountancy, specially made for CBSE, focusing on competency-based learning. It also features previous year's questions (PYQ) from 2024, complete with easy-to-understand explanations from toppers, ensuring that students grasp the concepts and know how to use them in their answers. With CBSE SQP and practice questions included, this book is a must-have for mastering accountancy and achieving great results in the upcoming exams.

Check out: CBSE Class 12 Accountancy Volume 2 Book & CBSE Class 12 Accountancy Volume 3 Book

Class 12 Accountancy Book PDF

PW has made the Class 12 Accountancy Book PDF available for free to ensure that quality education is accessible to everyone. We believe that no student should be held back due to financial limitations, so we've provided this resource to help students prepare thoroughly for their exams without the burden of buying expensive textbooks. With the Class 12 Accountancy Book PDF, students can study at their own pace, anywhere, and ensure they are fully prepared for the challenges of the Class 12 CBSE board exams.

Class 12 Accountancy Book PDF

Benefits of Accounts Book Class 12

1. Comprehensive Coverage: The accountancy class 12 book covers all essential topics in the Class 12 accountancy syllabus, ensuring students have a complete understanding of the subject.

2. Sample Question Papers: It includes 15 Sample Question Papers for Class 12 Accountancy, tailored for the CBSE exam format, helping students familiarise themselves with the types of questions they may encounter.

3. Competency-Based Learning: The focus on competency-based learning encourages students to develop a deeper understanding of concepts rather than just memorising facts.

4. Previous Year Questions: The inclusion of previous year questions (PYQ) allows students to practice real exam questions, giving them insight into the examination pattern and frequently asked topics.

5. Topper’s Explanations: Detailed explanations from performing students help clarify complex concepts, making it easier for learners to grasp difficult topics.

6. Practice Questions: The accountancy book class 12 offers plenty of practice questions, enabling students to test their knowledge and improve their problem-solving skills.

7. User-Friendly Language: Written in simple language, this accounts book class 12 is accessible for all students, making it easier to understand accounting principles.

8. Flexible Study Resource: As a comprehensive guide, this book allows students to study at their own pace, whether at home or on the go.

9. Confidence Building: By providing a variety of practice materials and real exam scenarios, the book helps build confidence, allowing students to approach their exams with assurance.

10. Useful for Revision: The structured format and key concepts highlighted make it an excellent resource for last-minute revision before exams.

Check out: Commerce Class 12th

Class 12 Accountancy Book FAQs

1. What is the Accounts Book Class 12?
   The Accounts Book Class 12 is a comprehensive resource designed to cover the entire syllabus for Class 12 accountancy, including important concepts, sample papers, and practice questions.

2. Is there a PDF version available?
   Yes, the Class 12 Accountancy Book PDF is available for free download, making it accessible to all students without any cost.

3. What topics are covered in the Accounts Book Class 12?
   The book covers key topics such as partnership accounting, company accounts, financial statements, and analysis, among others.

4. Are there sample question papers included?
   Yes, the book includes 15 Sample Question Papers specifically designed for the CBSE Class 12 accountancy exams to help students prepare effectively.

5. Does the book provide previous year questions?
   Yes, it features previous year questions (PYQ) from 2024, allowing students to practice with real exam questions.