(Download) NCERT Book For Class XII : Accountancy (Not-for-Profit Organisation and Partnership Accounts)

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(Download) NCERT Book For Class XII : Accountancy (Not-for-Profit Organisation and Partnership Accounts)

CONTENTS

Foreword 

Chapter 1 Accounting for Not-for-Profit Organisation 1

1.1 Meaning and Characteristics of Not-for-Profit Organisation 1

1.2 Accounting Records of Not-for-Profit Organisations 2

1.3 Receipt and Payment Account 4

1.4 Income and Expenditure Account 12

1.5 Balance Sheet 17

1.6 Some Peculiar Items 21

1.7 Income and Expenditure Account based on Trial Balance 38

Chapter 2 Accounting for Partnership : Basic Concepts 61

2.1 Nature of Partnership 61

2.2 Partnership Deed 63

2.3 Special Aspects of Partnership Accounts 65

2.4 Maintenance of Capital Accounts of Partners 65

2.5 Distribution of Profit among Partners 68

2.6 Guarantee of Profit to a Partner 86

2.7 Past Adjustments 92

Chapter 3 Reconstitution of a Partnership Firm – Admission of a Partner 108

3.1 Modes of Reconstitution of a Partnership Firm 108

3.2 Admission of a New Partner 109

3.3 New Profit Sharing Ratio 110

3.4 Sacrificing Ratio 112

3.5 Goodwill 115

3.6 Adjustment for Accumulated Profits and Losses 136

3.7 Revaluation of Assets and Reassessment of Liabilities 137

3.8 Adjustment of Capitals 143

3.9 Change in Profit Sharing Ratio among the Existing Partners 153

Chapter 4 Reconstitution of a Partnership Firm – Retirement/Death of a Partner 167

4.1 Ascertaining the Amount Due to Retiring/Deceased Partner 167

4.2 New Profit Sharing Ratio 168

4.3 Gaining Ratio 169

4.4 Treatment of Goodwill 173

4.5 Adjustment for Revaluation of Assets and Liabilities 180

4.6 Adjustment of Accumulated Profits and Losses 182

4.7 Disposal of Amount Due to Retiring Partner 185

4.8 Adjustment of Partners’ Capitals 194

4.9 Death of a Partner 200

Chapter 5 Dissolution of Partnership Firm 216

5.1 Dissolution of Partnership 216

5.2 Dissolution of a Firm 217

5.3 Settlement of Accounts 219

5.4 Accounting Treatment 220

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