Admission of a Partner Class 12 Notes
Admission of a partner leads to many changes in the partnership business. Here are the …
Acc. 12
Financial Statements of a Company Class 12 Notes
Financial statements are the end products of the accounting process. They provide information about the …
Accounting Ratios Class 12 All Formulas
The relationship between two figures expressed in arithmetical terms is called a ratio. Ratios may …
Accounting For Debentures Class 12 Notes
A debenture is a written acknowledgment of a debt taken by the company as those …
Accounting For Share Capital Class 12 Notes
When a company offers its shares to the public, it includes many levels of payments …
Cash Flow Statement Class 12 Notes
A cash flow statement shows inflows(receipts) & outflows(payments) of cash during a particular period. Here …
Retirement of a Partner Class 12 Notes
Retirement of a partner means retiring from the firm, i.e., ceasing to be a partner …
Death of a Partner Class 12 Notes
Accounting procedures on the death of a partner are similar to that of the retirement …
Goodwill and Change in Profit Sharing Ratio Class 12 Notes
Goodwill is an intangible value of a company that comes from things like having a …
Fundamentals of Partnership Class 12 Notes
This chapter is the most important as without understanding the fundamentals of Partnership, you can …