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Syllabus and Exam Weightage for Class 12 Accountancy

The topics of Accountancy Class 12 syllabus are very important for the students of Class 12. Extramarks keeps the Accounts Syllabus Class 12 CBSE at par with the guidelines of CBSE. The CBSE Class 12 Accountancy syllabus is divided into two parts. The pattern for CBSE Class 12 Accountancy is kept very simple.  Below are some of the topics in the syllabus of Accountancy Class 12. 

Accountancy Part I

Chapter 1 – Accounting for Not-for-Profit Organisation
Chapter 2 – Accounting for Partnership: Basic Concepts
Chapter 3 – Reconstitution of a Partnership Firm- Admission of a Partner. 
Chapter 4 – Reconstitution of a Partnership Firm- Retirement/Death of a Partner.
Chapter 5 – Dissolution of Partnership Firm

Accountancy Part II  

Chapter 1 – Accounting for Share Capital
Chapter 2 – Issue and Redemption of Debentures
Chapter 3 – Financial Statements of a Company
Chapter 4 – Analysis of Financial Statements
Chapter 5 – Accounting Ratios
Chapter 6 – Cash Flow Statement. 

A firm's breakup can be without or with the court's interference. It is worth noting here that the termination of the relationship may not necessarily lead to the company's demise.

Yet breakup of a company still leads to partnership dissolution. Section 39 of the Indian Partnership Act 1932 specifies that the dissolution of the partnership company is the dissolution of the partnership firm among all members of the partnership firm. The termination of the partnership company ends the organization's existence.

The relationship company can't enter into any deal with anyone after this. It can only sell the properties to understand the sum, settle the firm's obligations and discharge the partners ' claims. Partnership breakup takes place in any of the following ways: 
Reduction in the current profit-sharing arrangement.
Admission of a new partner 
The resignation of an existing partner
Death of a partner's former partner 
Insolvency as it becomes incompetent to contract. Therefore he can not be a partner in the company anymore.
The partnership that was established exclusively for that particular venture following completion of a similar venture in case.

1.Separation by Agreement. A company may be disbanded if the separation is decided by all members. However, if a divorce arrangement occurs between the parties, the separation may take place in compliance with that agreement.

2. Compulsory dissolution. The dissolution of a company occurs compulsorily in the following cases: insolvency of all partners or all but one partner as this makes them incompetent to enter into a contract. Because of some reason, the firm's business becomes illegal.

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