killoium.blogg.se - Accountancy project for class 12 cbse guidelines

Solvency Ratios: Debt to Equity Ratio, Total Asset to Debt Ratio, Proprietary Ratio and Interest Coverage Ratio.Liquidity Ratios: Current ratio and Quick ratio.Accounting Ratios: Meaning, Objectives, classification and computation.Tools for Financial Statement Analysis: Comparative statements, common size statements, cash flow analysis, ratio analysis.Financial Statement Analysis: Objectives, importance and limitations.Note: Exceptional items, extraordinary items and profit (loss) from discontinued operations are excluded. Statement of Profit and Loss and Balance Sheet in prescribed form with major headings and sub-headings (as per Schedule III to the Companies Act, 2013) Note: Related sections of the Companies Act, 2013 will apply. Note: Discount or loss on issue of debentures to be written off in the year debentures are allotted from Security Premium Reserve (if it exists) and then from Statement of Profit and Loss as Financial Cost (AS 16). Writing off discount / loss on issue of debentures. Issue of debentures with terms of redemption debentures as collateral security concept, interest on debentures. Issue of debentures for consideration other than cash

Debentures: Issue of debentures at par, at a premium and at a discount.

Disclosure of share capital in the Balance Sheet of a company.

Accounting treatment of forfeiture and reissue of shares.

Concept of Private Placement and Employee Stock Option Plan (ESOP).

Public subscription of shares - over subscription and under subscription of shares issue at par and at premium, calls in advance and arrears (excluding interest), issue of shares for consideration other than cash.

Accounting for share capital: issue and allotment of equity and preferences shares.

Share and share capital: nature and types.

(ii) In case, the realization expenses are borne by a partner, clear indication should be given regarding the payment thereof. (i) The realized value of each asset must be given at the time of dissolution. Settlement of accounts - preparation of realization account, and other related accounts: capital accounts of partners and cash/bank a/c (excluding memorandum balance sheet, piecemeal distribution, sale to a company and insolvency of partner(s)).

Dissolution of a partnership firm: meaning of dissolution of partnership and partnership firm, types of dissolution of a firm.

Calculation of deceased partner’s share of profit till the date of death.Retirement and death of a partner: effect of retirement / death of a partner on change in profit sharing ratio, treatment of goodwill (as per AS 26), treatment for revaluation of assets and reassessment of liabilities, adjustment of accumulated profits and reserves and preparation of balance sheet.Ratio, treatment of goodwill (as per AS 26), treatment for revaluation of assets and reassessment of liabilities, treatment of reserves and accumulated profits Admission of a partner - effect of admission of a partner on change in the profit sharing.Treatment of reserves and accumulated profits. Gaining ratio, accounting for revaluation of assets and reassessment of liabilities and Change in the Profit Sharing Ratio among the existing partners - sacrificing ratio,.Goodwill to be adjusted through partners capital/ current account (AS 26)Īccounting for Partnership firms - Reconstitution and Dissolution. Note: Interest on partner's loan is to be treated as a charge against profits. Goodwill: nature, factors affecting and methods of valuation - average profit, super profit and capitalization.Past adjustments (relating to interest on capital, interest on drawing, salary and profit.Preparation of Profit and Loss AppropriationĪccount- division of profit among partners, guarantee of profits. Fixed v/s fluctuating capital accounts.