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CISCEISC (Commerce) Class 12
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D. K. Goel Solutions for अकाउंटेंसी वॉल्यूम १ अँड २ [इंग्रजी] इयत्ता १२ आयएससी

CISCE Class 12 Accounts Solutions Guide

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CISCE Class 12 Accounts Textbook Solutions

Questions and answers for the Class 12 Accounts Textbook are on this page. D. K. Goel Solutions for Class 12 Accounts Digest CISCE will help students understand the concepts better.


D. K. Goel Solutions for Class 12 Accounts Chapterwise List | Class 12 Accounts Digest

The answers to the D. K. Goel books are the best study material for students. Listed below are the chapter-wise D. K. Goel Accounts Class 12 Solutions CISCE.

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D. K. Goel Solutions for अकाउंटेंसी वॉल्यूम १ अँड २ [इंग्रजी] इयत्ता १२ आयएससी - Shaalaa.com
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Chapters covered in D. K. Goel Solutions for अकाउंटेंसी वॉल्यूम १ अँड २ [इंग्रजी] इयत्ता १२ आयएससी

D. K. Goel Solutions for Class 12 Accounts (12th) 1: Accounting for Partnership Firms - Fundamentals

Concepts covered in Accounting for Partnership Firms - Fundamentals are Adjustments Before the Closing of Partnership Accounts, Concept of Partnership, Difference Between Charge Against Profit and Appropriation out of Profit, Difference Between Fixed Capital Account and Fluctuating Capital Account, Examples on Partners’ Capital Accounts, Guarantee of Profit to a Partner, Interest on Capital and Current Accounts, Interest on Capital and Current Accounts> Accounting Treatment of Interest on Capital, Interest on Drawings, Interest on Drawings> Drawings Against Profit and Drawings Against Capital, Interest on Loan by Partner to the Firm, Interest on Loan by the Firm to a Partner, Opening Capital, Partner's Capital Account> Fixed Capital Account, Partner's Capital Account> Fluctuating Capital Account, Partnership Deed, Partner's Remuneration (Salary or Commission), Past Adjustments, Profit and Loss Appropriation Account, Profit & Loss Account vs Profit & Loss Appropriation Account, Provisions of the Indian Partnership Act, 1932, Rent Paid or Due to Partner, Special Aspects of Partnership Accounts> Partner's Capital Account, Transfer to Reserves.

D. K. Goel Class 12 Accounts (12th) 1: Accounting for Partnership Firms - Fundamentals exercises

ExerciseNo. of questionsPages
CASE BASED MCQs - 141.33 to 1.34
CASE BASED MCQs - 241.36
CASE BASED MCQs - 341.39
CASE BASED MCQs - 451.52
CASE BASED MCQs - 521.53
CASE BASED MCQs - 641.104
LATEST ISC ANNUAL EXAMINATION AND SPECIMEN QUESTIONS111.114 to 1.124
SHORT ANSWER QUESTIONS841.126 to 1.136
PRACTICAL QUESTIONS1151.136 to 1.172
OBJECTIVE TYPE QUESTIONS1851.172 to 1.212

D. K. Goel Solutions for Class 12 Accounts (12th) 2: Goodwill : Concept and Valuation

Concepts covered in Goodwill : Concept and Valuation are Average Profit Method, Average Profit Method> Simple Average Profit Method, Average Profit Method> Weighted Average Profit Method, Capitalisation Method> Capitalisation of Average Profit, Capitalization Method> Capitalisation of Super Profit, Classification of Goodwill> Purchased Goodwill, Classification of Goodwill> Self-Generated Goodwill, Concept of Goodwill, Difference Between Average Profit and Super Profit, Methods of Valuation of Goodwill, Super Profit Method.

D. K. Goel Class 12 Accounts (12th) 2: Goodwill : Concept and Valuation exercises

ExerciseNo. of questionsPages
SHORT ANSWER QUESTIONS102.23 to 2.24
PRACTICAL QUESTIONS302.24 to 2.32
OBJECTIVE TYPE QUESTIONS252.32 to 2.36

D. K. Goel Solutions for Class 12 Accounts (12th) 3: Admission of a Partner

Concepts covered in Admission of a Partner are Accounting for Retained Profits, Losses & Reserves via Single Entry, Admission of Partner, Admission of Partner> Accounting Treatment of Goodwill, Admission of Partner> Adjustment of Capital, Admission of Partner> Change in Profit-Sharing Ratio, Admission of Partner> Reserves and Accumulated Profit/Losses, Admission of Partner> Revaluation of Assets and Liabilities, Difference Between Sacrificing Ratio and New Profit-Sharing Ratio, General Reserve, Investment Fluctuation Reserve, New Profit Sharing Ratio, Sacrificing Ratio, Workmen's Compensation Reserve.

D. K. Goel Class 12 Accounts (12th) 3: Admission of a Partner exercises

ExerciseNo. of questionsPages
CASE BASED MCQs - 133.16
CASE BASED MCQs - 233.34
CASE BASED MCQs - 353.62 to 3.63
CASE BASED MCQs - 453.68
CASE BASED MCQs - 553.82
CASE BASED MCQs - 643.85
LATEST ISC ANNUAL EXAMINATION AND SPECIMEN QUESTIONS93.136 to 3.145
SHORT ANSWER QUESTIONS363.146 to 3.152
PRACTICAL QUESTIONS1273.153 to 3.208
OBJECTIVE TYPE QUESTIONS1503.209 to 3.242

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D. K. Goel Solutions for Class 12 Accounts (12th) 4: Retirement or Death of a Partner

Concepts covered in Retirement or Death of a Partner are Computation of Amount Due to the Retiring Partner, Death of Partner, Determination of Amount due to the Deceased Partner, Difference Between Sacrificing Ratio and Gaining Ratio, Hidden Goodwill, Payment of Amount due to Retiring Partner, Retirement and Settlement of Loan, Retirement/Death of a Partner> Adjustment of Capitals, Retirement/Death of a Partner> Gaining Ratio, Retirement/Death of a Partner> New Profit Sharing Ratio, Retirement/Death of a Partner> Reserves and Accumulated Profits/Losses, Retirement/Death of a Partner> Revaluation of Assets and Liabilities, Retirement/Death of a Partner> Treatment of Goodwill, Retirement During the Accounting Year, Retirement of Partner, Settlement of Amount Payable to the Deceased Partner.

D. K. Goel Class 12 Accounts (12th) 4: Retirement or Death of a Partner exercises

ExerciseNo. of questionsPages
Case Based MCQs - 144.13 to 4.14
Case Based MCQs - 244.14
Case Based MCQs - 344.71
SHORT ANSWER QUESTIONS264.127 to 4.129
OBJECTIVE TYPE QUESTIONS54.129 to 4.130
PRACTICAL QUESTIONS1114.130 to 4.188
OBJECTIVE TYPE QUESTIONS704.190 to 4.204

D. K. Goel Solutions for Class 12 Accounts (12th) 5: Dissolution of Partnership Firm

Concepts covered in Dissolution of Partnership Firm are Accounting at the Time of Dissolution of a Firm, Concept of Dissolution of Partnership Firm, Difference Between Dissolution of Partnership and Dissolution of Firm, For Closing Assets Accounts, For Closing Liabilities Accounts, For Closing Realisation Account, For Payment of Outside Liabilities, For Payment of Realisation Expenses, For Realisation of Assets, Memorandum Balance Sheet, Process of Dissolution> Cash and Bank Accounts, Process of Dissolution> Loan by Firm to the Partner, Process of Dissolution> Loan by Partner to the Firm, Process of Dissolution> Partner's Capital Account, Process of Dissolution> Realisation Account, Process of Dissolution> Valuation of Goodwill, Treatment of Unrecorded (Undisclosed) Assets and Liabilities.

D. K. Goel Class 12 Accounts (12th) 5: Dissolution of Partnership Firm exercises

ExerciseNo. of questionsPages
LATEST ISC ANNUAL EXAMINATION AND SPECIMEN QUESTIONS55.68 to 5.72
SHORT ANSWER QUESTIONS585.73 to 5.83
OBJECTIVE TYPE QUESTIONS135.83
PRACTICAL QUESTIONS535.84 to 5.115
OBJECTIVE TYPE QUESTIONS845.117 to 5.131

D. K. Goel Solutions for Class 12 Accounts (12th) 6: Company Accounts - Issue of Shares

Concepts covered in Company Accounts - Issue of Shares are Calls-In-Advance, Calls-In-Arrears, Concept of Company, Concept of Shares, Difference Between Calls-In-Arrears and Calls-In-Advance, Difference Between Oversubscription and Undersubscription of Shares, Difference Between Preference Shares and Equity Shares, Difference Between Reserve Capital and Capital Reserve, Disclosure of Share Capital in a Company's Balance Sheet, Forfeiture of Shares, Forfeiture of Shares Allotted Under Pro-rata Category, Format of Company's Balance Sheet, Incorporation of a Company, Interest on Calls-In-Advance, Interest on Calls-In-Arrears, Issue of Shares for Consideration other than Cash, Kinds of Companies, Kinds of Shares> Equity Shares, Kinds of Shares> Preference Shares, Over Subscription of Shares, Reissue of Forfeited Shares, Shareholder's Fund> Share Capital of a Company, Terms of Issue of Shares> Issue of Shares at Par, Terms of Issue of Shares> Issue of Shares at Premium, Under Subscription of Shares, When Shares Were Originally Issued at a Premium, When Shares Were Originally Issued at Discount.

D. K. Goel Class 12 Accounts (12th) 6: Company Accounts - Issue of Shares exercises

ExerciseNo. of questionsPages
CASE BASED MCQs - 156.36 to 6.37
CASE BASED MCQs - 246.93
CASE BASED MCQs - 346.93 to 6.94
CASE BASED MCQs - 456.94
CASE BASED MCQs - 546.95
CASE BASED MCQs - 646.95
CASE BASED MCQs - 756.96 to 9.96
CASE BASED MCQs - 856.142 to 6.143
CASE BASED MCQs - 956.143
CASE BASED MCQs - 1046.144
CASE BASED MCQs - 1156.144 to 6.145
SHORT ANSWER QUESTIONS586.145 to 6.151
OBJECTIVE TYPE QUESTIONS96.151 to 6.152
PRACTICAL QUESTIONS1126.152 to 6.185
I.S.C. LATEST EXAMINATION QUESTIONS76.186 to 6.195
OBJECTIVE TYPE QUESTIONS1996.197 to 6.232

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D. K. Goel Solutions for Class 12 Accounts (12th) 7: Company Accounts - Issue of Debentures

Concepts covered in Company Accounts - Issue of Debentures are Concept of Debentures, Debentures Issued at Discount and are Redeemable at Par, Debentures Issued at Discount and are Redeemable at Premium, Debentures Issued at Par and are Redeemable at Par, Debentures Issued at Par and are Redeemable at Premium, Debentures Issued at Premium and are Redeemable at Par, Debentures Issued at Premium and redeemable at Premium, Difference Between Debentureholder and Shareholder, Difference Between Debentures and Shares, Difference Between Premium on Issue of Debentures and Redemption of Debentures, Interest on Debentures, Issue of Debentures as Collateral Security, Issue of Debentures> Calls-In-Advance, Issue of Debentures> Calls-In-Arrears, Issue of Debentures for Cash, Issue of Debentures for Consideration Other than Cash, Issue of Debentures with Terms of Redemption, Oversubscription of Debentures, Terms of Issue of Debentures> Issue of Debentures at Discount, Terms of Issue of Debentures> Issue of Debentures at Par, Terms of Issue of Debentures> Issue of Debentures at Premium, Types of Debentures, Undersubscription of Debentures, Writing off Discount/Loss on Issue of Debentures.

D. K. Goel Class 12 Accounts (12th) 7: Company Accounts - Issue of Debentures exercises

ExerciseNo. of questionsPages
SHORT ANSWER QUESTIONS307.52 to 7.55
PRACTICAL QUESTIONS367.55 to 7.64
OBJECTIVE TYPE QUESTIONS637.65 to 7.77

D. K. Goel Solutions for Class 12 Accounts (12th) 8: Company Accounts - Redemption of Debentures

Concepts covered in Company Accounts - Redemption of Debentures are Concept of Redemption of Debentures, Debenture Redemption Investment (DRI), Debentures Redemption Reserve (DRR), Methods of Redemption of Debentures> Redemption by Payment in Instalments by Draw of Lots, Methods of Redemption of Debentures> Redemption by Payment in Lump Sum, Sources of Redemption of Debentures.

D. K. Goel Class 12 Accounts (12th) 8: Company Accounts - Redemption of Debentures exercises

ExerciseNo. of questionsPages
SHORT ANSWER QUESTIONS158.35 to 8.37
PRACTICAL QUESTIONS268.37 to 8.43
I.S.C. LATEST EXAMINATION QUESTIONS58.44 to 8.46
OBJECTIVE TYPE QUESTIONS178.47 to 8.59

D. K. Goel Solutions for Class 12 Accounts (12th) 9: Financial Statements of Companies

Concepts covered in Financial Statements of Companies are Assets> Current Assets, Assets> Non-Current Assets, Concept of Financial Statements, Contents of Balance Sheet> Assets, Contents of Balance Sheet> Equity and Liabilities, Contingent Liabilities and Commitments, Current Assets – Based on Operating Cycle, Current Liabilities – Based on Operating Cycle, Difference Between Company's Balance Sheet and Firm's Balance Sheet, Disclosure of Share Capital in a Company's Balance Sheet, Equity and Liabilities> Current Liabilities, Equity and Liabilities> Non-Current Liabilities, Equity and Liabilities> Share Application Money Pending Allotment, Examples on Financial Statements, Format of Company's Balance Sheet, Provisions and Reserves, Shareholders' Fund> Money Received Against Share Warrants, Shareholders' Fund> Reserves and Surplus, Shareholder's Fund> Share Capital of a Company, Statement of Profit and Loss, Types of Reserves.

D. K. Goel Class 12 Accounts (12th) 9: Financial Statements of Companies exercises

ExerciseNo. of questionsPages
SHORT ANSWER QUESTIONS279.53 to 9.56
PRACTICAL QUESTIONS349.56 to 9.63
I.S.C. ANNUAL EXAMINATION QUESTIONS49.64 to 9.68
OBJECTIVE TYPE QUESTIONS699.70 to 9.82

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D. K. Goel Solutions for Class 12 Accounts (12th) 10: Financial Statements Analysis

Concepts covered in Financial Statements Analysis are Common Size Balance Sheet, Common-Size Income Statement, Common-Size Statement, Comparative Balance Sheet, Comparative Financial Statement, Comparative Income Statement, Concept of Financial Statement Analysis, Methods of Financial Statement Analysis, Tools of Analysis of Financial Statements, Trend Analysis.

D. K. Goel Class 12 Accounts (12th) 10: Financial Statements Analysis exercises

ExerciseNo. of questionsPages
SHORT ANSWER QUESTIONS1710.8 to 10.9
OBJECTIVE TYPE QUESTIONS4210.9 to 10.18

D. K. Goel Solutions for Class 12 Accounts (12th) 11: Tools for Financial Analysis : Comparative Statements

Concepts covered in Tools for Financial Analysis : Comparative Statements are Common Size Balance Sheet, Common-Size Income Statement, Common-Size Statement, Comparative Balance Sheet, Comparative Financial Statement, Comparative Income Statement, Concept of Financial Statement Analysis, Methods of Financial Statement Analysis, Tools of Analysis of Financial Statements, Trend Analysis.

D. K. Goel Class 12 Accounts (12th) 11: Tools for Financial Analysis : Comparative Statements exercises

ExerciseNo. of questionsPages
SHORT ANSWER QUESTION1211.24 to 11.25
PRACTICAL QUESTIONS3211.25 to 11.39
ISC ANNUAL EXAMINATION AND SPECIMEN QUESTIONS511.40 to 11.42
OBJECTIVE TYPE QUESTIONS3811.43 to 11.48

D. K. Goel Solutions for Class 12 Accounts (12th) 12: Common Size Statements

Concepts covered in Common Size Statements are Common Size Balance Sheet, Common-Size Income Statement, Common-Size Statement, Comparative Balance Sheet, Comparative Financial Statement, Comparative Income Statement, Concept of Financial Statement Analysis, Methods of Financial Statement Analysis, Tools of Analysis of Financial Statements, Trend Analysis.

D. K. Goel Class 12 Accounts (12th) 12: Common Size Statements exercises

ExerciseNo. of questionsPages
SHORT ANSWER QUESTIONS1112.18 to 12.19
PRACTICAL QUESTIONS2612.19 to 12.32
I.S.C. ANNUAL EXAMINATION AND SPECIMEN QUESTIONS412.32 to 12.34
OBJECTIVE TYPE QUESTIONS2212.35 to 12.38

D. K. Goel Solutions for Class 12 Accounts (12th) 13: Cash Flow Statement

Concepts covered in Cash Flow Statement are Cash Flow from Financing Activities, Cash Flow from Investing Activities, Cash Flow from Operating Activities, Classification of Business Activities as per AS-3, Concept of Cash Flow, Concept of Cash Flow Statement, Difference Between Cash Flow Statement and Cash Budget, Difference Between Cash Flow Statement and Income Statement, Examples on Cash Flow Statement, Preparation of Cash Flow Statement, Procedure of Preparing Cash Flow Statement, Treatment of Some Peculiar Items.

D. K. Goel Class 12 Accounts (12th) 13: Cash Flow Statement exercises

ExerciseNo. of questionsPages
ISC SPECIMEN PAPER QUESTIONS613.87 to 13.96
SHORT ANSWER QUESTIONS4913.98 to 13.104
PRACTICAL QUESTIONS6113.105 to 13.145
I.S.C. ANNUAL EXAMINATION QUESTIONS513.146 to 13.152
OBJECTIVE TYPE QUESTIONS8013.153 to 13.168

D. K. Goel Solutions for Class 12 Accounts (12th) 14: Ratio Analysis

Concepts covered in Ratio Analysis are Activity Ratios, Classification of Ratios, Concept of Ratio, Concept of Ratio Analysis, Current Ratios/Working Capital Ratios, Debt to Equity Ratio, Debt to Total Assets Ratio, Difference Between Current Ratio and Quick Ratio, Earnings Per Share, Gross Profit Ratio, Interest Coverage Ratio, Inventory Turnover Ratio, Liquidity Ratios, Net Profit Ratio, Operating Profit Ratio, Operating Ratio, Price Earnings Ratio, Profitability Ratios, Proprietary Ratio, Quick Ratio/Acid Test Ratio/Liquid Ratio, Return on Investment, Solvency Ratios, Trade Payables Turnover Ratio, Trade Receivables Turnover Ratio, Working Capital Turnover Ratio.

D. K. Goel Class 12 Accounts (12th) 14: Ratio Analysis exercises

ExerciseNo. of questionsPages
CASE BASED MCQs - 1314.28
CASE BASED MCQs - 2214.45
CASE BASED MCQs - 3314.46
CASE BASED MCQs - 4214.46
CASE BASED MCQs - 5314.67
CASE BASED MCQs - 6214.87
I.S.C. SPECIMEN QUESTION PAPER714.99 to 14.104
SHORT ANSWER QUESTIONS8014.104 to 14.113
PRACTICAL QUESTIONS17514.113 to 14.154
ISC ANNUAL EXAMINATION QUESTIONS414.154 to 14.157
OBJECTIVE TYPE QUESTIONS22514.159 to 14.202

D. K. Goel Solutions for Class 12 Accounts (12th) 15: Project Work

D. K. Goel Class 12 Accounts (12th) 15: Project Work exercises

ExerciseNo. of questionsPages
PROJECT WORK PROBLEMS124P-3 to P-65
DO IT YOURSELF (PROJECT ASSIGNMENTS)10P-70 to P-81

D. K. Goel Solutions for अकाउंटेंसी वॉल्यूम १ अँड २ [इंग्रजी] इयत्ता १२ आयएससी

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D. K. Goel Solutions for Class 12 Accounts CISCE

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