Advertisement
Are you a student of Class 12 studying accountancy? The solutions of Advanced Accountancy II Part 2 Class 12 – Solution for free are here. Authored by a team of experienced teachers and professionals in the field of accountancy. This Article covers all the Chapters in Part 2 of the above book.
The Unimax book of Class 12 accountancy is based on the syllabus issued by PSEB. We provide detailed solutions to all questions given in the textbook.
This article is for Class 12 students of PSEB only. For Class 11 please check out Advanced Accountancy I Class 11 – Solution for free.
Advanced Accountancy II Part 2 Class 12
The book has been designed with the aim of making accountancy easy to understand for students. It is written in a clear and concise manner, presenting even the most complex topics in a simplified format. The authors have adopted a step-by-step approach to explain the concepts.
Salient features of Advanced Accountancy II Part 2 Class 12 by Unimax:
- Conceptual clarity: The book focuses on building a strong foundation of accounting concepts. It explains the fundamentals of advanced accountancy in a logical and coherent manner. It will enable students to develop a clear understanding of the subject.
- In-depth coverage: The book provides an in-depth analysis of various topics, ensuring that students have a comprehensive understanding of the subject matter.
- Practice questions and exercises: The book offers a wide range of practice questions and exercises at the end of each chapter. These exercises are designed to test students’ understanding of the concepts and provide ample opportunities for them to practice solving problems independently.
- Revision notes and summaries: To assist students in their exam preparation, the book includes comprehensive revision notes and summaries at the end of each chapter. These summaries condense the key points and concepts, allowing students to quickly revise and reinforce their understanding before the exams.
- Latest accounting standards: The book incorporates the latest accounting standards and regulations issued by the relevant authorities. This ensures that students are up to date with the current practices and guidelines in the field of accountancy.
- Case-based questions: The book includes a variety of case-based questions that require students to apply their knowledge to real-life scenarios. These questions enhance critical thinking and problem-solving skills, preparing students for practical challenges they may encounter in their future careers.
- Supplementary online resources: UnimaxSolutions.in provides supplementary online resources, such as additional practice questions, solutions, and interactive quizzes, to further support students’ learning and revision outside the classroom.
Overall, Advanced Accountancy II Class 12 Part 2 by Unimax offers a comprehensive and practical approach to the study of accountancy. With its detailed explanations, ample practice opportunities, and real-life examples, the book equips students with the necessary knowledge and skills to excel in their Class 12 accountancy examinations and beyond.
Solutions of Advanced Accountancy II Part 2 Class 12 by Unimax
For further assistance, the Advanced Accountancy II Part 2 Class 12 also provides comprehensive solutions to all the questions included within each chapter. Simply select the desired chapter name to access the solutions.
Chapter No. 1 – Company Accounts (Share Capital):
In Chapter 1 of Advanced Accountancy II Part 2 for Class 12 by Unimax, students delve into the topic of Company Accounts, specifically focusing on Share Capital. This chapter introduces students to the concept of share capital and its significance in the functioning of a company. Students will learn about the different types of shares, such as equity shares and preference shares, and the various methods of issuing shares. They will gain insights into the accounting treatment of share capital, including the preparation of share capital accounts, the calculation of calls-in-advance and calls-in-arrears, and the treatment of forfeited shares. By studying comprehensive examples and exercises, this chapter aims to provide students with a thorough understanding of the accounting procedures and calculations related to company accounts and share capital.
Chapter No. 2 – Issue of Debentures:
Chapter 2 of Advanced Accountancy II Part 2 for Class 12 by Unimax focuses on the topic of the Issue of Debentures. This chapter explores the concept of debentures, which are long-term debt instruments issued by companies to raise funds. Students will learn about the various types of debentures, such as redeemable and irredeemable debentures, and the methods of issuing debentures, including at par, at a premium, and at a discount. They will gain insights into the accounting treatment of debentures, including the preparation of debenture redemption reserve, the calculation of interest on debentures, and the redemption of debentures. By studying comprehensive examples and exercises, this chapter aims to equip students with the knowledge and skills necessary to understand the accounting procedures and calculations related to the issue of debentures.
Chapter No. 3 – Redemption of Debentures:
Chapter 3 of Advanced Accountancy II Part 2 for Class 12 by Unimax focuses on the topic of the Redemption of Debentures. This chapter delves into the process of redeeming debentures, which involves repaying the principal amount to the debenture holders. Students will learn about the different methods of redemption, such as redemption at par, premium, and discount, and the accounting treatment involved in each method. They will gain insights into the preparation of the Debenture Redemption Reserve (DRR) account, the calculation of interest on debentures, and the journal entries for the redemption of debentures. By studying comprehensive examples and exercises, this chapter aims to provide students with a thorough understanding of the accounting procedures and calculations related to the redemption of debentures.
Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only):
Chapter 4 of Advanced Accountancy II Part 2 for Class 12 by Unimax focuses on the preparation of the Financial Statements of a Company, specifically the Balance Sheet. This chapter introduces students to the concept of a balance sheet and its importance in presenting the financial position of a company. Students will learn about the different components of a balance sheet, including assets, liabilities, and shareholders’ equity. They will gain insights into the classification and valuation of assets and liabilities, the preparation of various schedules and notes to the accounts, and the presentation of a balance sheet in the prescribed format. By studying comprehensive examples and exercises, this chapter aims to equip students with the knowledge and skills necessary to understand the preparation and presentation of a company’s balance sheet.
Chapter No. 5 – Tools/Methods of Financial Analysis:
Chapter 5 of Advanced Accountancy II Part 2 for Class 12 by Unimax focuses on the Tools/Methods of Financial Analysis. In this chapter, students explore various tools and techniques used to analyze the financial performance and position of a company. Students will learn about key financial ratios and their significance in evaluating a company’s liquidity, profitability, efficiency, and solvency. They will gain insights into ratio analysis, common-size statements, comparative statements, and trend analysis. By studying comprehensive examples and exercises, this chapter aims to provide students with the knowledge and skills necessary to interpret and analyze financial data using different tools and methods.
Advertisement
Chapter No. 6 – Ratio Analysis:
Chapter 6 of Advanced Accountancy II Part 2 for Class 12 by Unimax dives deeper into the topic of Ratio Analysis. Building upon the previous chapter, this chapter focuses specifically on ratio analysis as a tool for evaluating a company’s financial performance. Students will learn about different categories of ratios, including liquidity ratios, profitability ratios, activity ratios, and solvency ratios. They will gain insights into the calculation, interpretation, and significance of various ratios, such as the current ratio, gross profit ratio, return on investment (ROI), and debt-equity ratio. By studying comprehensive examples and exercises, this chapter aims to equip students with the knowledge and skills necessary to perform ratio analysis and make informed decisions based on the results.
Chapter No. 7 – Cash Flow Statement:
Chapter 7 of Advanced Accountancy II Part 2 for Class 12 by Unimax focuses on the preparation and analysis of the Cash Flow Statement. This chapter introduces students to the concept and importance of a Cash Flow Statement, which provides information about the cash inflows and outflows of a company during a specific period. Students will learn about the classification of cash flows into operating, investing, and financing activities. They will gain insights into the preparation of a Cash Flow Statement using the direct and indirect methods, as well as the interpretation and analysis of the statement. By studying comprehensive examples and exercises, this chapter aims to provide students with a thorough understanding of the preparation, interpretation, and analysis of the Cash Flow Statement as a vital tool for assessing a company’s liquidity and cash management.
Reference: Tutorstips.com
Advertisement