The NCERT Class 12 Accountancy book Accountancy I — the partnership volume of the Class 12 set — runs four chapters across 194 printed pages, and each chapter’s official PDF is on this page.
Beyond the PDF, this page tells you what is actually inside the book: each chapter’s named sections, the pages they start on, and where the heavy topics sit. Use the download table to grab the files you need, then read the chapter-by-chapter breakdown to see what each one contains.
Download the official PDFs from ncert.nic.in
All four PDFs below are NCERT’s own files, hosted on the official ncert.nic.in domain — open the chapter you need to read it on screen, or save it for offline revision. Each row links directly to that chapter’s official PDF, so you can download the exact chapter you are studying rather than one large combined file.
| Ch. | Chapter | Pages | Official PDF |
|---|---|---|---|
| 1 | Accounting for Partnership: Basic Concepts | 47 | |
| 2 | Reconstitution of a Partnership Firm – Admission of a Partner | 59 | |
| 3 | Reconstitution of a Partnership Firm – Retirement/Death of a Partner | 49 | |
| 4 | Dissolution of Partnership Firm | 39 |
The book, measured: the Class 12 Accountancy PDF at a glance
- 4 chapters, each with a verified official PDF on this page.
- 194 printed pages across the four PDFs.
- 30 named sections in NCERT’s own numbering.
- 0 activities and 0 end-of-chapter exercise questions in all four chapters.
This volume is entirely partnership accounting. It opens with the nature of partnership (p. 1) and the partnership deed (p. 3), and ends with the settlement of accounts on dissolution (p. 156). Goodwill and the ratio changes at admission and retirement sit in between (pp. 50, 55, 108–109).
The teaching runs through text, worked illustrations, and account formats, so the named sections and their pages are what you navigate by.
What each chapter actually teaches
| Ch. | Chapter | Sections | Activities | Figures | Questions |
|---|---|---|---|---|---|
| 1 | Accounting for Partnership: Basic Concepts | 9 | — | — | — |
| 2 | Reconstitution of a Partnership Firm – Admission of a Partner | 7 | — | — | — |
| 3 | Reconstitution of a Partnership Firm – Retirement/Death of a Partner | 9 | — | — | — |
| 4 | Dissolution of Partnership Firm | 5 | — | — | — |
A “section” in the directory is one of NCERT’s own numbered headings in the chapter, a “figure” is a numbered figure indexed from the book, and a “question” is an end-of-chapter exercise. All four chapters show 0 activities and 0 end-of-chapter exercise questions — the solved practice sits in the worked illustrations inside each section.
Chapter 1: Accounting for Partnership: Basic Concepts (pp. 1–47)
Chapter 1 is the foundation of the volume — the capital accounts and profit-distribution rules built here are the machinery every later chapter adjusts.
When a partner is guaranteed a minimum share of profit, the shortfall is met first from the firm’s profit and then borne by the other partners. If interest on capital, drawings, salary, or commission is found to have been omitted after the final accounts close, the firm makes a past adjustment rather than reopening the old books.
The partnership’s final accounts differ from a sole proprietor’s in one place: profit passes through a Profit and Loss Appropriation Account, not a simple profit and loss figure.
- Nature of Partnership (p. 1)
- Partnership Deed (p. 3)
- Special Aspects of Partnership Accounts (p. 5)
- Maintenance of Capital Accounts of Partners (p. 5)
- Distribution of Profit among Partners (p. 8)
- Past Adjustments (p. 32)
At 47 pages and 9 named sections, it is the foundation the other three chapters adjust — with 0 activities and 0 end-of-chapter questions.
Chapter 2: Reconstitution of a Partnership Firm – Admission of a Partner (pp. 48–106)
Chapter 2 takes the firm through admitting a new partner, and four adjustments follow. Assets and liabilities are revalued, and any asset or liability found unrecorded is brought into the books.
Existing reserves and accumulated profits or losses pass to the old partners, because they were earned before the newcomer joined. If agreed, the partners’ capitals are adjusted to the new profit-sharing ratio, with the incoming partner’s capital as the base — and a change in the ratio always means some partners gain while others lose.
- Modes of Reconstitution of a Partnership Firm (p. 48)
- Admission of a New Partner (p. 49)
- New Profit Sharing Ratio (p. 50)
- Goodwill (p. 55), with the sub-heads Meaning of Goodwill (p. 55) and Treatment of Goodwill (p. 64)
- Adjustment for Accumulated Profits and Losses (p. 76)
At 59 pages and 7 named sections, it is the longest chapter in the volume, and Goodwill (pp. 55–76) is its densest stretch — most students slow down there. It carries 0 activities and 0 end-of-chapter questions.
Chapter 3: Reconstitution of a Partnership Firm – Retirement/Death of a Partner (pp. 107–155)
Chapter 3 runs the same machinery in reverse: a partner leaves, and the amount due to the retiring or deceased partner has to be worked out first. The continuing partners’ ratio is recast, because the partners who remain gain the retiring partner’s share — measured by the gaining ratio.
Assets and liabilities are revalued again, goodwill is treated once more, and the amount due may be paid in one lump sum or in instalments with interest. The remaining partners may also adjust their capitals to keep them in the new profit-sharing ratio.
- Ascertaining the Amount Due to Retiring/Deceased Partner (p. 107)
- New Profit Sharing Ratio (p. 108)
- Gaining Ratio (p. 109)
- Treatment of Goodwill (p. 113), with the sub-head When goodwill does not appear in the books (p. 113)
- Adjustment for Revaluation of Assets and Liabilities (p. 120)
- Disposal of Amount Due to Retiring Partner (p. 125)
- Adjustment of Partners’ Capitals (p. 134)
- Death of a Partner (p. 140)
At 49 pages and 9 named sections, this chapter is the mirror of Chapter 2: the gaining ratio on p. 109 is the counterpart of the new ratio worked out on p. 50 at admission. It carries 0 activities and 0 end-of-chapter questions.
Chapter 4: Dissolution of Partnership Firm (pp. 156–194)
Chapter 4 closes the story, and it is the only chapter that separates dissolution of partnership from dissolution of a firm — the distinction students most often mix up. Where a firm is dissolved, partnership business discontinues and the economic relations between the partners terminate.
From there the chapter moves to the settlement of accounts, the accounting treatment, and the journal entries that record the closing.
- Dissolution of Partnership (p. 156)
- Dissolution of a Firm (p. 157)
- Settlement of Accounts (p. 159)
- Accounting Treatment (p. 160), with the sub-head Journal Entries (p. 164)
At 39 pages and 5 named sections, it is the shortest chapter in the volume and the end of the partnership lifecycle — with 0 activities and 0 end-of-chapter questions.
Chapter-wise study pages
When a chapter gains its own study page on this site, it is linked from the list below; chapters still being prepared stay marked as not yet built.
| Ch. | Chapter page |
|---|---|
| 1 | Accounting for Partnership: Basic Concepts (coming soon) |
| 2 | Reconstitution of a Partnership Firm – Admission of a Partner (coming soon) |
| 3 | Reconstitution of a Partnership Firm – Retirement/Death of a Partner (coming soon) |
| 4 | Dissolution of Partnership Firm (coming soon) |
Which Class 12 Accountancy book PDF do you need?
The volume listed on this page is titled Accountancy I and is entirely about partnership firms — its four PDFs are leac101 through leac104. If your search was really for the volume on company accounts, that is the second volume of the NCERT Class 12 Accountancy set, and it is not listed here.
- Inside Accountancy I: partnership basics (Ch 1), admission of a partner (Ch 2), retirement and death of a partner (Ch 3), and dissolution of the firm (Ch 4).
- Outside Accountancy I: company accounts, which NCERT publishes as the second volume of the Class 12 set with its own PDFs.
Textbook contents and the examinable syllabus are not always identical — check the current official syllabus to confirm what each chapter contributes this session.
How to use the Class 12 Accountancy book
Read the volume as one continuous story: a partnership opens in Chapter 1, changes when a partner joins in Chapter 2, changes again when a partner retires or dies in Chapter 3, and closes in Chapter 4. The table below maps each stage to the section carrying its key tool.
| Stage | Where it lives | What changes | Key tool |
|---|---|---|---|
| Opening the firm | Chapter 1 (pp. 1–47) | Partners set the deed and capital accounts | Profit and Loss Appropriation Account (p. 8) |
| A partner joins | Chapter 2 (pp. 48–106) | Ratios change, goodwill enters | New Profit Sharing Ratio (p. 50), Goodwill (p. 55) |
| A partner leaves | Chapter 3 (pp. 107–155) | Remaining partners gain | Gaining Ratio (p. 109), Amount Due (p. 107) |
| The firm closes | Chapter 4 (pp. 156–194) | Accounts settle, firm ends | Settlement of Accounts (p. 159) |
- Read Chapter 1 first. Every adjustment in Chapters 2–4 operates on the capital-account and profit-distribution machinery set up there (pp. 5, 8), so the first read matters more than in any later chapter.
- Pair Chapter 2 with Chapter 3. The same operations appear twice — new ratio (p. 50 vs p. 108), goodwill (p. 55 vs p. 113), and revaluation of assets and liabilities at admission and again on p. 120 — so revising the pair side by side fixes the order of entries fastest.
- Revise section by section, not chapter by chapter. None of the four chapters closes with a separate exercise set, so the worked illustrations inside each section are your practice problems.
Related resources on this site
This listing is maintained for the 2026-27 academic session using the NCERT textbook information available to us. NCERT remains the authority for confirming the latest edition.
- All NCERT books — browse every class and subject in this directory.
- All Class 12 books — the full Class 12 shelf, including the other NCERT volumes.
Sources and data verification
- The counts on this page describe the NCERT textbook Accountancy I (Partnership Accounts), official PDFs leac101–leac104 on ncert.nic.in.
- This page covers Accountancy I only; the second volume of the Class 12 NCERT Accountancy set (company accounts) is not listed here.
- This listing is maintained for the current academic session using the NCERT information available to us.
- NCERT settles textbook editions and PDFs; CBSE settles curriculum, syllabus, and examinations. Textbook contents and the examinable syllabus are not always identical, so check the current official syllabus.
Reference: NCERT Class 12 Accountancy textbook, official edition on ncert.nic.in. Figure captions and section titles quoted from the textbook; page references are to the official PDF.
Frequently asked questions
How many chapters are in the NCERT Class 12 Accountancy book (Accountancy I)?
Four chapters. Accountancy I runs from Accounting for Partnership: Basic Concepts (pp. 1–47) through Reconstitution at Admission (pp. 48–106), Retirement/Death of a Partner (pp. 107–155), and Dissolution of Partnership Firm (pp. 156–194) — 194 printed pages in all.
Are the Class 12 Accountancy PDFs on this page the official NCERT files?
Yes — every PDF in the download table is the official NCERT file, linked straight to the ncert.nic.in domain using NCERT’s own codes (leac101–leac104). The files are free to download and need no login.
Which chapter covers the admission of a partner and how goodwill is treated?
Chapter 2 (Reconstitution of a Partnership Firm – Admission of a Partner, pp. 48–106) covers admission, and goodwill is treated there from p. 55, with Meaning of Goodwill (p. 55) and Treatment of Goodwill (p. 64) as its sub-heads. Goodwill is treated again at retirement under the sub-head When goodwill does not appear in the books (p. 113).
Where do the solutions to the exercises in this book live?
This volume has no end-of-chapter exercise sets — the exercise-question column reads 0 for all four chapters, so there are no book solutions to link to. The solved practice lives in the worked illustrations inside each section; go through those section by section and check your entries against the account formats printed alongside.
Which volume of the Class 12 Accountancy set covers company accounts?
The second volume of the NCERT Class 12 Accountancy set covers company accounts. This page lists Accountancy I only, so volume 2’s chapters and PDFs are not in the table above.