Class 12 Accountancy — Part 1

What you'll study in Part 1

Across 4 chapters, Class 12 Accountancy introduces key concepts including Nature and Features of Partnership, The Partnership Deed, Rules in the Absence of a Partnership Deed, Partners' Capital Accounts: Fixed vs. Fluctuating, Modes of Reconstitution of a Partnership Firm, Key Adjustments on Admission of a Partner, Calculating the New Profit Sharing Ratio (NPSR), Calculating the Sacrificing Ratio, Calculation of New Profit Sharing Ratio, Calculation of Gaining Ratio, Ascertaining the Amount Due to Retiring/Deceased Partner, Accounting Treatment of Goodwill, and more. Every chapter below has its own page with a full topic breakdown, practice questions, fun facts, and a free AI tutor that explains each concept in Hindi or English, by voice or text.