NCERT Solutions For Class 12 Accountancy Chapter 2 Accounting for Partnership Basic Concepts

 NCERT Solutions offer a broad variety of definitions and introduction to the topic for Class 12 Accounts, which includes all the questions provided in the NCERT books.

NCERT Solutions For Class 12 Accountancy Chapter 2 has been provided to ace up your preparation. Access and use the direct links available for Chapterwise Class 12 NCERT Solutions whenever you want. The detailed approach used to explain the NCERT Solutions of the 12th Std Accounts makes it easy for you to understand the concepts behind them.

NCERT Solutions For Class 12 Accountancy Chapter 2 Accounting for Partnership Basic Concepts provides us with all-inclusive information on all concepts. As students would have to learn the basics about the subject in class 12, this curriculum for class 12 is a comprehensive study material, which explains the concepts in a great way.

Download Free PDF NCERT Solution For Class 12 Accounting For Partnership Basic Concepts

Questions Covered In NCERT Solutions For Class 12 Accountancy Chapter 2 Accounting for Partnership Basic Concepts


Question 1 : Define Partnership Deed.

Question 2 : Why it is considered desirable to make the partnership agreement in writing.

Question 3 : List the items which may be debited or credited in the capital accounts of the partners when:
(i) Capitals are fixed
(ii) Capitals are fluctuating

Question 4 : Why is Profit and Loss Adjustment Account prepared? Explain.

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