DK Goel Class 12 Accountancy Solutions | Download Chapter-wise Free PDF

As the Board exams are important for every Class 12^th student, so is their preparation for the exams. For good preparation, the students definitely need a good and explanatory book. For Class 12^th students of Commerce stream, DK Goel Class 12 Accountancy Solutions is one of the best books for board exam preparation.

All those students who want to clear their Class 12 Accountancy basics can read DK Goel Class 12 Accountancy Solutions. It explains all the topics in detail and all the numerical questions are solved in a way that makes it easier for students to understand.  There are 2 parts of this book, part 1 has 5 chapters while part 2 has six chapters.

Why should students opt for DK Goel Class 12 Accountancy Solutions?

Students can download DK Goel Class 12 Accountancy Solutions PDF online. But if you think why, then there are not just one or two, but many reasons. These reasons are mentioned below:

• You can avail of these books free of cost.
• Every question is answered completely.
• Chapter-wise solutions are available.
• All the concepts are explained in an easy way.
• All topics are covered entirely.
• The necessary information for exams is highlighted.
• It is as per the revised CBSE Syllabus.
• Subject matter experts have outlined the book.

Download DK Goel Class 12 Accountancy Solutions PDF – Chapter wise

Dk Goel Class 12 Accountancy Solutions list of chapters – Part 1

Chapter 1	Company Accounts Financial Statements of Not-For-Profit Organizations
Chapter 2	Change in Profit – Sharing Ratio Among the Existing Partners
Chapter 3	Admission of a Partner
Chapter 4	Retirement or Death of a Partner
Chapter 5	Dissolution of a Partnership Firm

Dk Goel Class 12 Accountancy Solutions list of chapters – Part 2

Chapter 1	Financial Statements of Companies (As per Schedule III)
Chapter 2	Financial Statement Analysis
Chapter 3	Tools for Financial Analysis: Comparative Statements
Chapter 4	Common Size Statements
Chapter 5	Accounting Ratios
Chapter 6	Cash Flow Statements (As per AS – 3 Revised)

DK Goel Class 12 Accountancy Solutions – brief intro, part 1

1. Company Accounts Financial Statements of Not-For-Profit Organizations

Dk Goel Class 12 Accountancy Solutions in the first chapter explains Not-For-Profit Organizations as entities without any profit goals. Such organizations work for public benefit or social causes and are also known as Non-business entities. The accounting method of such organizations is different because of the absence of the profit agenda.

The first chapter of DK Goel solutions will teach the students about calculating the payments, liabilities, receipts, etc. of such Not-For-Profit Organizations.

2. Change in Profit – Sharing Ratio Among the Existing Partners

Chapter 2 of DK Goel Class 12 Accountancy Solutions explains to students about calculating the sacrificing ratio, gaining ratio, profit-sharing ratio, etc.

It also explains the ratio which is mutually decided by partners upon a contract, that is some part of the company’s profit. Such ratio depends upon various factors, explained in detail in the DK Goel Accountancy Solutions.

3. Admission of a Partner

Chapter 6 in the DK Goel Class 12 Accountancy Solutions talks about the change of the profit shares of old partners caused by a new partner’s entry. This chapter consists of a total of 25 questions, which are solved with full explanation and step by step method.

4. Retirement or Death of a Partner

DK Goel Class 12 Accountancy Solutions in chapter 6 discusses the changes of agreement in a partnership contract due to the death, retirement, or withdrawal of a partner from the business.

In any of the conditions mentioned above, the prior accounts will have to be settled, and the calculation of net profits has to be done. 

5. Dissolution of a Partnership Firm

The final chapter of Volume 1 of DK Goel Class 12 Accountancy Solutions is this chapter 7 which discusses the firm dissolution, where a partnership firm stops the business at some point. It can happen because of many reasons like management issues, debt, etc.

In such a case, the accounts of the partners must be settled according to the rules of the contract agreement. Chapter 7 of DK Goel Class 12 Accountancy Solutions teaches the students about account settlement in case of firm dissolution.

Dk Goel Class 12 Accountancy Solutions – brief intro, part 2

1. Financial Statements of Companies (As per Schedule III)

DK Goel in Chapter 1 talks about Financial Statements, balance sheet, liabilities, assets, and equity and explain every topic in a detailed manner.

Financial Statements are those statements that reflect the financial position of a company at the end of the accounting period. Such statements contain the details of the accounting evaluation and process. Notes to account, balance sheet or position statement, statement of profit and loss, cash flow statement, and income statement are important parts of a Financial Statement.

Other topics apart from the Financial Statements are also explained in detail in the DK Goel Class 12 Accountancy Solutions.

2. Financial Statement Analysis

Dk Goel Class 12 Accountancy Solutions in Chapter 2 explains the financial analysis, its objective, uses as well as importance, in detail.

Financial Analysis, in DK Goel, is defined as the financial statements giving complex information in monetary terms and revealing the liquidity, solvency, and profitability of an enterprise.

3. Tools for Financial Analysis: Comparative Statements

In chapter 3, different types of tools for financial analysis are explained. Ratio analysis, cash flow statements, common-size statements, comparative statements of profit and loss are the tools for financial analysis.

Dk Goel Class 12 Accountancy Solutions in this chapter, talks about types of ratio analysis, comparative statements, etc. in detail. In a company, quantitative analysis of financial statements is done via ratio analysis.   

4. Common Size Statements

Dk Goel Class 12 Accountancy Solutions in chapter 4 discusses the Common size statements which are of 2 types:

• Income statement
• Balance statement

The type of statement, where financial calculations are done with overall income or sale taken as a base, is called an Income statement. Each item in the calculation table is expressed as the percentage of the income or sale.   

Such statements are used extensively by the business owners for understanding the relationship between profit and sales, comparing sales figures in different periods, understanding the relationship between expense and sales, etc.

Similarly, other concepts are explained in detail in DK Goel Class 12 Accountancy Solutions.

5. Accounting Ratios

Dk Goel Class 12 Accountancy Solutions in chapter 5 explains accounting ratios and solves numerical questions with step-by-step methods.

Accounting ratios compare two lines of items provided at a financial statement, i.e. the balance sheet, cash flow statement, and income statement. They are essential for the business professional and the accountants for accessing the overall performance of a particular enterprise and required improvement for the future.

6. Cash Flow Statements (As per AS – 3 Revised)

Cash flow statements and all the concepts related to them are explained in the final chapter of DK Goel Class 12 Accountancy Solutions.

A cash flow statement is defined as a financial statement which details the inflow and outflow of funds and its equivalent. This statement is prepared by a company for determining the usage of money and financial transactions occurring during a period.

For any query regarding the CBSE Class 12th Exam, you can ask in the comment box. 

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