NCERT Accountancy II for Class 12 - latest edition as per NCERT/CBSE

NCERT Accountancy Part II for Class 12 is the second volume of the prescribed NCERT Accountancy textbook for senior secondary students. It focuses primarily on accounting for companies and analysis of financial statements. The book develops students' understanding of company accounts, preparation and presentation of financial statements, interpretation of accounting information, accounting ratios, and cash-flow analysis.

The book is designed to build both conceptual understanding and practical accounting skills through explanations, illustrations, formats, accounting treatments and exercises. It is particularly relevant for CBSE students because the topics correspond closely with the CBSE Class XII Accountancy curriculum.

Chapters in the current Part II

1. Accounting for Share Capital
2. Covers the accounting treatment of issue and allotment of shares, equity and preference shares, oversubscription and undersubscription, issue at par/premium, calls in advance and arrears, issue for consideration other than cash, private placement, ESOP, forfeiture and reissue of shares, and presentation of share capital in the Balance Sheet.
3. Issue and Redemption of Debentures
4. Deals with the meaning and types of debentures, issue at par/premium/discount, issue for consideration other than cash, terms of redemption, debentures as collateral security, interest on debentures, writing off discount/loss on issue and redemption.
5. Financial Statements of a Company
6. Focuses on the preparation and presentation of company financial statements, particularly the Statement of Profit and Loss and Balance Sheet, using the prescribed formats and major headings/sub-headings under Schedule III of the Companies Act, 2013.
7. Analysis of Financial Statements
8. Introduces financial statement analysis, its objectives, importance and limitations, along with tools such as comparative statements and common-size statements for interpreting financial information.
9. Accounting Ratios
10. Covers the calculation and interpretation of important ratios, including liquidity, solvency, activity and profitability ratios, enabling students to evaluate a company's financial position and performance.
11. Cash Flow Statement
12. Deals with the meaning, objectives and preparation of a Cash Flow Statement, helping students understand the movement of cash and cash equivalents and assess the operating, investing and financing activities of a business.