StudyRaah Maharashtra State Board · HSC Commerce · Class 12 (Std XII)
Class 12 Book Keeping and Accountancy (BK) Notes
Short notes for every chapter of Maharashtra Board Class 12 Book Keeping and Accountancy, with key concepts, quick revision points and practice MCQs with answers. Open a chapter below, or practise all chapters with quizzes and mock tests on StudyRaah.
All 10 chapters
- Chapter 1: Introduction to Partnership and Partnership Final Accounts
Explains what a partnership is, its features, the partnership deed, the Indian Partnership Act 1932 defaults, fixed and fluctuating capital accounts... - Chapter 2: Accounts of Not for Profit Concerns
Not for Profit concerns such as clubs, schools and hospitals serve members and society, not owners. They prepare a Receipts and Payments Account, an... - Chapter 3: Reconstitution of Partnership (Admission of Partner)
Explains what happens to a partnership firm when a new partner is admitted: the new and sacrificing ratios, goodwill, revaluation of assets and... - Chapter 4: Reconstitution of Partnership (Retirement of Partner)
Retirement means one partner leaves and the others carry on the firm. The chapter covers the new ratio, gain ratio, goodwill entries, reserves... - Chapter 5: Reconstitution of Partnership (Death of Partner)
Death of a partner is a compulsory retirement. The chapter shows how to find the new and gain ratios, revalue assets, compute goodwill and profit up... - Chapter 6: Dissolution of Partnership Firm
How a partnership firm is closed down: the reasons, the difference between dissolution of partnership and of the firm, the Realisation Account, the... - Chapter 7: Bills of Exchange
Explains the bill of exchange and promissory note as credit instruments, the parties, types of bills and how the due date is found, then shows the... - Chapter 8: Company Accounts - Issue of Shares
How a company raises capital by issuing equity and preference shares: kinds of share capital, the steps of a public issue, journal entries for... - Chapter 9: Analysis of Financial Statements
The chapter explains why financial statements are analysed, their limitations, how to recast them in vertical form, and the main tools of analysis... - Chapter 10: Computer in Accounting
The chapter explains the computerised accounting system (CAS), its features, importance and components, compares it with manual accounting, and...