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ACCOUNTANCY GRADE 12 COMMERCE
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Course sections

Section 1
Accounting for Non-Profit Organization - Part 1
1
Introduction
2
Some Important Items
3
Problems on Income and Expenditure Amount- Part 1
4
Problems on Income and Expenditure Amount- Part 2
5
Distinction Between Receipt and Payment Account
6
Illustration – 2 – Part 1
7
Illustration – 2 – Part 2
8
Illustration – 2 – Part 3
9
Illustration – 12 – Part 1
10
Illustration – 12 – Part 2
Section 2
Accounting for Non-Profit Organization - Part 2
1
Problem 6 – Part 1
2
Problem 6 – Part 2
3
Problem 6 – Part 3
4
Problem 16 – Part 1
5
Problem 16 – Part 2
6
Illustration – 14 – Part 1
7
Illustration – 14 – Part 2
8
Problem 17- Part 1
9
Problem 17- Part 2
Section 3
Accounting for Share Capital
1
Introduction
2
Kinds of Company
3
Share Capital of a Company
4
Nature and Classes of Shares
5
Accounting Treatment – Part 1
6
Exercise 1 – Part 1
7
Exercise 1 – Part 2
8
Exercise 2 – Part 1
9
Exercise 2 – Part 2
10
Exercise 3 – Part 1
11
Exercise 3 – Part 2
12
Calls in Arrears; Exercise 4- Part 1
13
Exercise 4- Part 2
14
Calls in Advance; Exercise 5- Part 1
15
Exercise 5- Part 2
16
Exercise 6 – Part 1
17
Exercise 6 – Part 2;Over Subscription
18
Exercise 7-Part 1
19
Exercise 7-Part 2
20
Exercise 7-Part 3; Under Subscription
21
Issues of Shares – Part 1
22
Accounting Treatment – Part 2
23
Exercise 8
24
Exercise 9 – Part 1
25
Exercise 9 – Part 2
26
Issues of Shares – Part 2
27
Exercise 10
Section 4
Accounting for Partnership
1
Introduction
2
Partnership Deed
3
Provisions Relevant for Accounting
4
Special Aspects of Partnership Account
5
Fluctuating Method – Problem; Distinction
6
Exercise – Part 1
7
Exercise – Part 2
8
Distribution of Profits Among the Partners – Profit and Loss Appropriation – Part 1
9
Distribution of Profits Among the Partners – Profit and Loss Appropriation – Part 2
10
Distribution of Profits Among the Partners – Profit and Loss Appropriation – Part 3; Proforma of Profit and Loss Appropriation Account
11
Exercise – Part 3
12
Exercise – Part 4
13
Exercise – Part 5
14
Interest on Share Capital
Section 5
Accounting for Partnership - Part 2
1
Interest on Drawings – When Fixed Amount is Withdrawn Every Month
2
Interest on Drawings – When Fixed Amount is Withdrawn Quarterly and at Different Intervals
3
Exercise- Part 6
4
Exercise- Part 7
5
Exercise- Part 8
6
Exercise- Part 9
7
Exercise- Part 10
8
Exercise- Part 11; Guarantee of Profit to the Partner
9
Past Adjustments
10
Past Adjustments – Exercise
Section 6
Reconstitution of Partnership Firm: Admission of a Partner
1
Introduction
2
Modes of Reconstitution of Partnership Firm; New Profit Sharing Ratio
3
New Profit Sharing
4
Exercise – Part 1
5
Exercise – Part 2; Sacrifice Ratios
6
Exercise – Part 3
7
Exercise – Part 4
8
Exercise – Part 5
9
Goodwill ; Factors Affecting the Valuation of Goodwill
10
Method of Valuation of Goodwill ; Exercise – Part 6
11
Exercise – Part 7; Super Profits Method
12
Exercise – Part 8
13
Capitalisation Method
14
Capitalization Method – Exercise
15
Treatment of Goodwill ; Exercise – Part 1
16
Exercise – Part 2
17
Exercise – Part 3
18
When Goodwill Already Exists in the Book of the Firm
19
Exercise
20
Revaluation Method
21
Exercise – Part 1
22
Exercise – Part 2
23
Exercise – Part 3
24
Exercise – Part 4
25
Hidden Goodwill ; Exercise
26
Adjustments of Accumulated Profits and Losses of the Firm ; Exercise ; Revaluation of Assets & Reassessment of Liabilities – Part 1
27
Revaluation of Assets & Reassessment of Liabilities – Part 2
28
Exercise – Part 1
29
Exercise – Part 2
30
Exercise – Part 3
Section 7
Reconstitution of Partnership Firm : Retirement/Death of a Partner
1
Introduction
2
New Profit Sharing Ratios; Gaining Ratios
3
Exercise ; Treatment of Goodwill – Part 1
4
Exercise ; Treatment of Goodwill – Part 2
5
Treatment of Goodwill – Part 3
6
Treatment of Goodwill – Part 4; Hidden Goodwill
7
Adjustments for Revaluation of Assets & Liabilities
8
Exercises
9
Exercises
10
Adjustment of Accumulated Profits & Losses of the Firm ; Exercises
11
Disposal of Amount due to the Retiring Partner
12
Exercises
13
Adjustments of Partners Capital
14
Exercises
15
Exercises
16
Exercises
17
Exercises
18
Exercises
19
Death of a Partner; Exercises
20
Exercises
21
Exercises
22
Exercises
23
Exercises
24
Exercises
25
Exercises
26
Exercises
27
Exercises
Section 8
Dissolution of a Partnership Firm
1
Introduction
2
Reasons for Dissolution of Partnership Firm
3
Difference Between Dissolution of Partnership & Dissolution of Partnership Firm
4
Settlement of Accounts
5
Accounting Treatment – Part 1
6
Accounting Treatment – Part 2
7
Realization Account – Part 1
8
Realization Account – Part 2
9
Exercises
10
Exercises
11
Exercises
Section 9
Accounting for Share Capital
1
Exercise 11 – Part 1
2
Exercise 11 – Part 2
3
Forfeiture of Shares
4
Exercise 12 – Part 1
5
Exercise 12 – Part 2
6
Reissue of Forfeited Shares ; Exercise 13 – Part 1
7
Exercise 13 – Part 2
8
Exercise 14 – Part 1
9
Exercise 14 – Part 2
10
Exercise 15 ;Exercise 16 – Part 1
11
Exercise 16 – Part 2
12
Exercise 17 – Part 1
13
Exercise 17 – Part 2
14
Exercise
15
Exercise 18 – Part 1
16
Exercise 18 – Part 2
17
Exercise
18
Exercise 19 – Part 1
19
Exercise 19 – Part 2
Section 10
Issue and Redemption of Debentures
1
Introduction
2
Types of Debentures
3
Issue of Debentures
4
Exercise 1 – Part 1
5
Exercise 1 – Part 2; Issued at Discount; Exercise 2 – Part 1
6
Exercise 2 – Part 2
7
Issue at Premium;Exercise 3 – Part 1
8
Exercise 3 – Part 2;Issue of Debentures Consideration Other than Cash ; Exercise 4 – Part 1
9
Exercise 5 – Part 1
10
Issue of Debentures as Collateral Security ; Terms of Issue of Debentures – Part 1
11
Terms of Issue of Debentures – Part 2
12
Exercise 6 – Part 1
13
Exercise 6 – Part 2
14
Exercise 6 – Part 3
15
Interest on Debentures ; Exercise 7 – Part 1
16
Exercise 7 – Part 2
17
Writing off Discount or Loss on Issue of Debentures ; Exercise 8 – Part 1
18
Exercise 8 – Part 2; Redemption of Debentures
19
Payment in Lump Sum; Exercise 9 – Issue of Debentures – Part 1
20
Exercise 9 – Issue of Debentures – Part 2
21
Exercise 10 – Redemption
Section 11
Financial Statements of a Company
1
Introduction
2
Balance Sheet
3
Exercise 1 – Balance Sheet
4
Exercise 2 – Balance Sheet
5
Statement of Profit and Loss
6
Uses , Importance and Limitations of Financial Statements
Section 12
Analysis of Financial Statements
1
Introduction
2
Objectives and Tools of Analysis of Financial Statements
3
Comparative Statement; Exercise 1- Part 1
4
Exercise 1 – Part 2
5
Comparative Statement of Profit and Loss
6
Common size Statement ; Exercise 2
Section 13
Accounting Ratios
1
Introduction
2
Advantages and Limitations – Part 1
3
Advantages and Limitations – Part 2; Types of Account Ratios
4
Liquidity Ratios ; Exercise – Part 1
5
Exercise – Part 2
6
Solverey Ratios ; Activity and Turnover Ratios – Part 1
7
Activity and Turnover Ratios – Part 2; Profitability Ratios ;Exercise – Part 3
8
Exercise – Part 4
9
Exercise – Part 5
Section 14
Cash Flow Statement
1
Introduction
2
Financing Activity; Cash Flow Statement ; Exercise – Part 1
3
Exercise – Part 2
4
Exercise – Part 3

Reconstitution of Partnership Firm: Admission of a Partner

Adjustments of Accumulated Profits and Losses of the Firm ; Exercise ; Revaluation of Assets & Reassessment of Liabilities – Part 1

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Reconstitution of Partnership Firm: Admission of a Partner Hidden Goodwill ; Exercise
Complete
Reconstitution of Partnership Firm: Admission of a Partner Revaluation of Assets & Reassessment of Liabilities – Part 2