Assam Higher Secondary H.S. 2nd Year ACCOUNTANCY COMPLETE NOTES - myedu365

Assam Higher Secondary H.S. 2nd Year ACCOUNTANCY COMPLETE NOTES - myedu365

Complete Accountancy Unit wise notes 
H.S. 2nd Year

PART A

PART B



CONTENTS
ACCOUNTANCY

Part: A. Accounting for Not for Profit Organizations and Partnership Firms
Unit No.
Topics
Marks
Unit I
Accounting for Not-for-Profit Organizations
10
Unit II
Accounting for Partnership: Basic Concept
10
Unit III
Reconstitution of Partnership firm – Admission of a partner
10
Unit IV
Reconstitution of Partnership firm – Retirement / Death of a partner
10
Unit V
Dissolution of Partnership firm
10

Total
50

Part: B. Company Accounts and Analysis of Financial Statements
Unit No.
Topics
Marks
Unit I
Accounting for Share Capital
15
Unit II
Issue and Redemption of Debentures
10
Unit III
Financial Statements of a Company
08
Unit IV
Analysis of Financial Statements
07
Unit V
Accounting Ratios
05
Unit VI
Cash Flow Statement
05

Total
50

                       
Unit Wise Distribution of Course Contents:
Part A: Accounting for Not-for Profit Organisation and partnership Firms  (Total Marks 50)

Unit-1

Accounting for Not-for-Profit organisation:
1. Meaning, characteristics, and accounting records of Not-for-profit Organisations.
2. Receipts and Payment Account: Meaning and Preparation.
Income & Expenditure Account: Meaning, special terms used in Not-for-profit organisation treatment of some peculiar items in Income & Expenditure Account, Concept of Fund Based and Non fund Based accounting, Preparation of Income and Expenditure Account and Balance Sheet from a Receipt and payment Account and additional information and form a give Trial Balance, Incidental Yrading Activities by Not-for-Profit Organisation.

Unit-2
Accounting of Partnership:
1. Basic Concepts, Characteristics of partnership, Partnership Deed, Contents of Partnership Deed.
2.  Maintenance of Capital Accounts of Partners: Fixed and Fluctuating Capital, Distribution of Profit among partners, interest on capital, drawings, interest on drawings, interest on Partner's loan to a firm, salary/ commission to a partner, Guarantee of Profit to a partner, past adjustments. 
3. Preparation of Final Accounts of Partnership Firm.

Unit-3
Reconstitution of Partnership Firm- Admission of a Partner:
1. Mode of Reconsitutation of partnership firm.
2. Admission of a New Partner: Matter relating to admission of a New partner, New Profit Sharing Ratio, Sacrificing Ratio.
3. Goodwill: Nature, needs, factors affecting and method of valuation: average profits, Super profits and Capitalisation method, accounting treatment of goodwill on admission of a partner.
4. Treatment of Accumulated Profits & Losses, Revolution of Assets and Re-assessment of Liabilities.
5. Adjustment of Capitals, Change in Profit sharing ratio among the Existing partners.

Unit-4
Reconstitution of Partnership Firm - Retirement/ Death of a Partner:
1. Ascertaining the Amount Due to Retiring/ Deceased Partner.
2. Matter requiring attention at the time of Retirement: New Profit Sharing ratio, Gaining Ratio, Treatment of Goodwill, Revaluation of Assets and Re-assessment of Liabilities, Adjustment of accumulated Profits/Reserve and losses.
3. Disposal of Amount due to Retiring Partner.
4. Adjustment of Partners capital
5. Death of a partner: Calculation of profit for the current period, treatment of Joint Life Policy and Individual Life Policy in case of death of a partner. 

Unit-5 
Dissolution of Partnership Firm: 
1. Meaning, Dissolution of partnership, Dissolution of a Firm.
2. Settlement of Accounts: Preparation of Realisation Accounts and other related accounts, (excluding Piecemeal distribution, insolvency of a partner and sale to a company).