Updated NCERT Solutions Class 12 Accountancy Part 1 Chapter 1 for 2020-21 Exams
NCERT Solutions are known to be a helpful book while studying for the CBSE Class 12 Accountancy examinations. This study material possesses an intense knowledge and the solutions collected by the subject matter experts are beneficial for the students.
NCERT Solution for Class 12 commerce Accountancy Chapter 1 – Accounting For Not For Profit Organisation provides us with useful information to all the topics. These NCERT textbooks helps the students to score well in their board examinations. As the students would have studied the basics of the subject of accountancy in class 11, this syllabus for class 12 is the next part of it; which explains the concepts in a comprehensive way.
Topics covered in this chapter –
- Meaning and characteristics of Non-profit organisation
- Accounting records of NPO
- Balance sheet
- Incidental trading activity
- Income and expenditure account based on the trial balance
- Income and Expenditure account
Class 12 NCERT Solutions for Accountancy chapter 1 provides a wide degree of illustrative examples; which helps the students to understand and learn quickly. For more solutions and study materials Accountancy, refer NCERT solutions class 12 Accountancy.