Accountancy

This book Accountancy has been written to meet the specific requirements of the students of Class XII preparing for CBSE Delhi JAC Ranchi and other State Boards examinations. The book is divided into two parts viz. Part A and Part B .. Distinctive Features : The book has a number of distinctive features some of which are as follows : Learning Systematic accounting treatment of the subject in simple language and lucid manner. Accounting treatment in conformity with the various laws and New Companies Act 2013 and Accounting Standards issued by the Institute of Chartered Accountants of India. Treatment of Goodwill as per AS-26 (New Indian AS-38). Problems relating to Cash Flow Statement have been solved as per the revised AS-3 issued by ICAI. Exhibits and diagrams have been given to explain and illustrate the material. Questions have been set with each related topic within the chapter . Practical problems have been arranged in order of their standard so that logical sequence and flow from simple to hard and to harder could be maintained. Chapter-wise Objective type Questions are also Provided. This will help students in preparation for the Board Exam as well as the CA-CPT Exam. The Chapter on redemption of debentures is fully revised pertaining to Companies Act 2013 with the following descriptions: Creating Debenture Redemption Reserve @ 25%/10% as per Section 71(4) of the Companies Act 2013 Rule 18(7b) of the Companies (Share Capital and Debentures) Rules 2014 and 2019. Investment or deposit of 15% of the face value of debentures to be redeemed towards Debentures Redemption Investment as per Rule 18(7C) of the Companies (Share Capital and Debentures) Rules 2014. As per Section 53 of the Companies Act 2013 Companies would no longer be permitted to issue shares at discount. Hence teachers are requested not to teach issue of shares at discount however they should be acquainted with the concept of issue of shares at discount