XII ACCOUNTANCY- CUET Full Syllabus ( Not for Profit Organisations and Fundamentals of Partnership)
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17 modules
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Access till 2024-06-30
CUET -Accounting for partnership in Grade XII Accountancy
Overview
This course on "XII ACCOUNTANCY- CUET Full Syllabus (Partnership)" is designed to cover all the essential topics related to partnership accounting as per the XII Accountancy curriculum for Common University Entrance Test. The course will delve into the intricacies of partnership accounting, including the formation of partnerships, admission of new partners, retirement of partners, dissolution of partnerships, and other key aspects. Students will learn about the various types of partnerships, profit and loss sharing ratios, treatment of goodwill, revaluation of assets and liabilities etc. Through comprehensive lectures, practical examples, and real-world case studies, students will gain a deep understanding of partnership accounting principles and practices. By the end of this course, students will be well-equipped to tackle partnership accounting questions with confidence and succeed in their XII Accountancy CUET Accountancy Exam with flying colors.
Key Highlights
Comprehensive coverage of Class 12 Accountancy syllabus
In-depth understanding of partnership accounting
Focus on key concepts and principles
Step-by-step explanation of partnership transactions
Practice questions for better comprehension
Preparation for CUET exam
Interactive sessions for student engagement
Expert guidance and support throughout the course
What you will learn
Understanding the concept of partnership in accounting
Learn the basics of partnership in accounting, including its definition, characteristics, and types.
Calculating partnership ratios and interpreting financial statements
Develop skills in calculating various partnership ratios and interpreting financial statements to analyze the financial health of a partnership.
Applying accounting principles to partnership transactions
Apply accounting principles like revenue recognition, expense allocation, and asset valuation to partnership transactions effectively.
Modules
CHAPTER 2 - FUNDAMENTALS OF PARTNERSHIP [SECTIONS A - F]
1 attachment
CHAPTER AT A GLANCE
6 pages
A) Introduction to Profit and Loss Appropriation Account (2 Lectures+1 pdf )
Lecture 1- Profit and Loss Appropriation Account (Introductory video)
2 attachments • 37.13 mins
Lecture 2- Profit and Loss Appropriation ( Questions 1 and 2)
PDF of Questions discussed in Lecture-2 (Question1 &Question2 )
1 page
B) Preparation of Accounts ( Profit and loss Appropriation and Capital Accounts)- 2 Lectures
3 attachments • 58.55 mins
Lecture 1 - Preparation of Capital Accounts (Question-14)
Lecture 2- Practice Questions (Q15 and Q19)
PDF of questions discussed in Lecture 1 and 2 of (Question 14,15,19)
2 pages
C) Interest On Drawings and Interest on Capital
3 attachments • 2 hrs
Lecture 1- Interest on drawings( All cases and Practice Questions 5 and 8)
Lecture 2 - Interest on Capital ( All Cases and Practice Questions 9,10,11)
PDF of questions discussed in Lecture 1 and 2 of this section (Questions 5,8,9,10,11 )
2 pages
D) Past Adjusments
4 attachments • 1 hrs
Past Adjustments -Lecture 1 ( Introduction and Question 28)
Past adjustments - Lecture-2 (Question 24)
Past adjustments - Lecture-3 (Q27 and Q30)
PDF of questions discussed in Lecture 1 ,2 and 3 of this section (Questions 24,27,28 and 30 )
2 pages
E) Guarantee to Partners
3 attachments • 36.14 mins
Guarantee lecture-1 (Question 34)
Guarantee-lecture - 2 (Question 36 and Question 37)
PDF of questions discussed in Lecture 1 and 2 of this section (Questions 34,36 and 37)
1 page
F) CUET SPECIALISED QUESTIONS,SOLUTIONS AND QUIZ
3 attachments
Expected questions with answers on Fundamentals
12 pages
Detailed Solutions for CUET specialised questions - Fundametals of Partnership
9 pages
QUIZ ON FUNDAMENTALS OF PARTNERSHIP (MCQs)
CHAPTER 3- VALUATION OF GOODWILL
7 attachments • 1 hrs
CHAPTER AT A GLANCE
2 pages
Methods of calculating goodwill (Average Profit Method, Weighted Average Profit Method, Super Profit Method, Capitalisation Method) Q2,3,4,9
Valuation of Goodwill - Past Adjustments Q2,3,4
ASSIGNMENT -VALUATION OF GOODWILL
6 pages
SOLUTION TO ASSIGNMENT -Goodwill Nature and valuation
9 pages
CUET SPECIALISED QUESTIONS WITH ANSWERS
8 pages
Detailed Solutions for CUET specialised questions - Valuation of Goodwill
8 pages
CHAPTER 4- CHANGE IN PROFIT SHARING RATIO
8 attachments • 1 hrs
CHAPTER AT A GLANCE
5 pages
Change in Profit Sharing Ratio Lecture - 1 (Question 2,3,4 and 6)
change in Profit Sharing Ratio Lecture - 2 (Question 7 and 9)
QUIZ ON CHANGE IN PROFIT SHARING RATIO(MCQs)
Assignment-Change in profit sharing ratio
6 pages
Solution to Assignment -change in profit sharing ratio
12 pages
CUET SPECIALISED QUESTIONS WITH ANSWERS
8 pages
Detailed Solutions for CUET specialised questions - Change in PSR
8 pages
CHAPTER 5- ADMISSION OF A PARTNER
14 attachments • 5 hrs
CHAPTER AT A GLANCE
6 pages
Admission-Lecture - 1
Admission - Ratio and Goodwill-Lec-2
Lecture 3-Admission - Goodwill contd
Lecture 4-Admission - Hidden Goodwill
Lecture 5-Admission - Q20,21
Lecture 6-Admission - Q10,16,22
Lecture 7-CAPITAL ADJUSTMENT-Q27
Lecture 8-CAPITAL ADJUSTMENT-Q32
QUIZ ON ADMISSION OF A PARTNER(MCQs)
Assignment-ADMISSION OF A PARTNER
23 pages
Solutions to Assignment-Admission of a partner
45 pages
CUET SPECIALISED QUESTIONS
18 pages
Detailed Solutions for CUET specialised questions - ADMISSION
17 pages
CHAPTER 6- RETIREMENT OF A PARTNER
10 attachments • 2 hrs
CHAPTER AT A GLANCE
5 pages
Lecture 1- Retirement(ratio)
Lecture 2 - Retirement Q3,8,13
Lecture-3 Retirement hidden Goodwill and Full Fledged Question Q14,17
Lecture -4 Question 18
Lecture -5 Question 22 Loan Account
QUIZ ON RETIREMENT OF A PARTNER(MCQs)
Solved Assignment on Retirement of a partner
24 pages
CUET SPECIALISED QUESTIONS
20 pages
Detailed Solutions for CUET specialised questions - Retirement of a Partner
13 pages
CHAPTER 7 - DEATH OF A PARTNER
10 attachments • 1 hrs
CHAPTER AT A GLANCE
6 pages
Introduction - Preparation of deceased partner capital Account
Lecture-2 (Question-3) - Preparation of Executor's Account
Lecture-3 (Question-13) - Preparation of Executor's Account
Lecture-4( Question 4 and 5)
QUIZ ON DEATH OF A PARTNER(MCQs)
Assignment - DEATH OF A PARTNER
11 pages
Solutions to Assignment - Death of a partner
17 pages
CUET SPECIALISED QUESTIONS
23 pages
Detailed Solutions for CUET specialised questions - Death of a Partner
14 pages
CHAPTER 8- DISSOLUTION OF PARTNERSHIP
1 attachment
CHAPTER AT A GLANCE
3 pages
Lecture-1 Dissolution Introduction
7 attachments • 51.2 mins
Lecture-2 Dissolution Q1
Lecture-3 Dissolution Q3
QUIZ IN DISSOLUTION OF PARTNERSHIP(MCQs)
Assignment - DISSOLUTION OF A PARTNERSHIP FIRM
11 pages
Solution to Assignment - Dissolution of a partnership firm
15 pages
CUET SPECIALISED QUESTIONS
9 pages
Detailed Solutions for CUET specialised questions - DISSOLUTION
7 pages
TOPPER'S ANSWER SCRIPT-CBSE 2023
1 attachment
Topper's answer script 2023
19 pages
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