It gives us immense pleasure to present the 52nd edition of Double Entry Book Keeping for CBSE Class XII for the academic session 2022–23. We are extremely grateful to the teachers and students for their continued patronage ever since its first publication in 1970. This Volume has been prepared as per the CBSE syllabus following the treatments by the NCERT.
Questions have been included/framed on the lines of NCERT textbook.
CBSE notified the syllabus for the Academic Session 2022–23 on 21st April, 2022 wherein a few changes have been made vis-a-vis the syllabus for 2021–22. The changes are as follows: Chapters that have been deleted:
1. Not-for-Profit Organisations (NPOs);
2. Redemption of Debentures; and
3. Comparative and Common-size Statements.
Besides, some modifications have been made in the chapters, which are as follows:
1. Partnership Accounts—Raising and Writing Off Goodwill is included;
2. Partnership Accounts (Dissolution)—If realised value of Tangible Assets is not given, it should be
considered as realised at book value; and
If realised value of Intangible Assets is not given, it should be considered as nil (zero value).
3. Discount or Loss on Issue of Debentures is to be written off from Securities Premium Reserve (if it
exists) or from Statement of Profit & Loss as financial cost.
4. Features and Types of Companies.
5. Sweat Equity.
6. New Accounting Ratios namely Debt to Capital Employed Ratio, Fixed Assets Turnover Ratio and Net Assets Turnover Ratio.
All the added topics or those topics whose treatment has been amended have been discussed and included in the book under Addendum except Features and Types of Companies, Sweat Equity and Writing Off of Discount or Loss on Issue of Debentures, which have been discussed in respective chapters.