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---

# Accountancy Part - I

Accountancy Part - I is a CBSE Class 12 book for the subject Accountancy on Edzy.

## Knowledge Snapshot

| Field         | Details                          |
| :------------ | :------------------------------- |
| Board         | CBSE        |
| Curriculum    | CBSE   |
| Class         | Class 12 |
| Subject       | Accountancy  |
| Book          | Accountancy Part - I     |
| Book Slug     | accountancy-part-i         |
| Chapter Count | 4 |
| Topic Count   | 30   |
| Last Updated  | 2026-06-24  |

## Book Overview

This book belongs to Class 12 and covers various aspects of Accountancy under the CBSE board and curriculum, comprising 4 chapters and 30 topics.

## OKF Hierarchy

| Level   | Title                            | Canonical URL                           | Markdown URL                            |
| :------ | :------------------------------- | :-------------------------------------- | :-------------------------------------- |
| Class   | Class 12 | https://www.edzy.ai/cbse-class-12   | https://www.edzy.ai/okf/class/cbse-class-12.md   |
| Subject | Accountancy  | https://www.edzy.ai/cbse-class-12-accountancy | https://www.edzy.ai/okf/subject/cbse-class-12-accountancy.md |
| Book    | Accountancy Part - I     | https://www.edzy.ai/cbse-class-12-accountancy-accountancy-part-i        | https://www.edzy.ai/okf/book/cbse-class-12-accountancy-accountancy-part-i.md        |

## Chapter Index

| No. | Chapter         | Pages         | Page Count | Topics | Canonical URL | Markdown URL |
| :-- | :-------------- | :------------ | :--------- | :------ | :------------ | :----------- |
| 1   | Accounting for Partnership: Basic Concepts | 1-47         | 47         | 8     | https://www.edzy.ai/cbse-class-12-accountancy-accountancy-part-i-accounting-for-partnership-basic-concepts | https://www.edzy.ai/okf/chapter/cbse-class-12-accountancy-accountancy-part-i-accounting-for-partnership-basic-concepts.md |
| 2   | Reconstitution of a Partnership Firm – Admission of a Partner | 48-106       | 59         | 8     | https://www.edzy.ai/cbse-class-12-accountancy-accountancy-part-i-reconstitution-of-a-partnership-firm-admission-of-a-partner | https://www.edzy.ai/okf/chapter/cbse-class-12-accountancy-accountancy-part-i-reconstitution-of-a-partnership-firm-admission-of-a-partner.md |
| 3   | Reconstitution of a Partnership Firm – Retirement/Death of a Partner | 107-157      | 51         | 10    | https://www.edzy.ai/cbse-class-12-accountancy-accountancy-part-i-reconstitution-of-a-partnership-firm-retirementdeath-of-a-partner | https://www.edzy.ai/okf/chapter/cbse-class-12-accountancy-accountancy-part-i-reconstitution-of-a-partnership-firm-retirementdeath-of-a-partner.md |
| 4   | Dissolution of Partnership Firm | 156-170      | 15         | 4     | https://www.edzy.ai/cbse-class-12-accountancy-accountancy-part-i-dissolution-of-partnership-firm | https://www.edzy.ai/okf/chapter/cbse-class-12-accountancy-accountancy-part-i-dissolution-of-partnership-firm.md |

## Chapter Source Index

| No. | Chapter         | Source PDF  |
| :-- | :-------------- | :---------- |
| 1   | Accounting for Partnership: Basic Concepts | https://edzy-ai.s3.ap-south-1.amazonaws.com/edzy-express-ts/c838bc9d-6e40-4106-ad75-9d3b072c7666.pdf |
| 2   | Reconstitution of a Partnership Firm – Admission of a Partner | https://edzy-ai.s3.ap-south-1.amazonaws.com/edzy-express-ts/923eee85-2850-4fcc-b469-c5f80969ced0.pdf |
| 3   | Reconstitution of a Partnership Firm – Retirement/Death of a Partner | https://edzy-ai.s3.ap-south-1.amazonaws.com/edzy-express-ts/b5fde8b7-8265-4f4f-8c48-c08da3563a71.pdf |
| 4   | Dissolution of Partnership Firm | https://edzy-ai.s3.ap-south-1.amazonaws.com/edzy-express-ts/d36ca3ab-2e10-461c-a344-1f2f0af5e4dc.pdf |

## Topic Inventory

| No. | Topic ID               | Topic                            |
| :-- | :--------------------- | :------------------------------- |
| 1   | 69aa666ea243cecf9621900d | Nature of Partnership |
| 2   | 69aa666ea243cecf9621900f | Partnership Deed |
| 3   | 69aa666ea243cecf96219011 | Provisions of Partnership Act Relevant for Accounting |
| 4   | 69aa666ea243cecf96219013 | Special Aspects of Partnership Accounts |
| 5   | 69aa666ea243cecf96219015 | Maintenance of Capital Accounts of Partners |
| 6   | 69aa666ea243cecf96219017 | Distribution of Profit among Partners |
| 7   | 69aa666ea243cecf96219019 | Treatment of Guarantee of Profit to a Partner |
| 8   | 69aa666ea243cecf9621901b | Past Adjustments |
| 9   | 69aa66aaa243cecf9621a1de | Modes of Reconstitution of a Partnership Firm |
| 10  | 69aa66aaa243cecf9621a1e0 | Admission of a New Partner |
| 11  | 69aa66aaa243cecf9621a1e2 | New Profit Sharing Ratio |
| 12  | 69aa66aaa243cecf9621a1e4 | Sacrificing Ratio |
| 13  | 69aa66aaa243cecf9621a1e6 | Goodwill |
| 14  | 69aa66aaa243cecf9621a1e8 | Adjustment for Accumulated Profits and Losses |
| 15  | 69aa66aaa243cecf9621a1ea | Revaluation of Assets and Reassessment of Liabilities |
| 16  | 69aa66aaa243cecf9621a1ec | Adjustment of Capitals |
| 17  | 69aa66b0a243cecf9621a323 | Introduction to Partnership Reconstitution |
| 18  | 69aa66b0a243cecf9621a325 | Ascertaining the Amount Due to Retiring/Deceased Partner |
| 19  | 69aa66b0a243cecf9621a327 | New Profit Sharing Ratio |
| 20  | 69aa66b0a243cecf9621a329 | Gaining Ratio |
| 21  | 69aa66b0a243cecf9621a32b | Treatment of Goodwill |
| 22  | 69aa66b0a243cecf9621a32d | Adjustment for Revaluation of Assets and Liabilities |
| 23  | 69aa66b0a243cecf9621a32f | Adjustment of Accumulated Profits and Losses |
| 24  | 69aa66b0a243cecf9621a331 | Disposal of Amount Due to Retiring Partner |
| 25  | 69aa66b0a243cecf9621a333 | Adjustment of Partners’ Capitals |
| 26  | 69aa66b0a243cecf9621a335 | Death of a Partner |
| 27  | 69aa66e1a243cecf9621b0eb | Dissolution of Partnership |
| 28  | 69aa66e1a243cecf9621b0ed | Dissolution of a Firm |
| 29  | 69aa66e1a243cecf9621b0ef | Settlement of Accounts |
| 30  | 69aa66e1a243cecf9621b0f1 | Accounting Treatment |

## Chapter-Wise Topic Map

### Accounting for Partnership: Basic Concepts

| No. | Topic ID               | Topic                            |
| :-- | :--------------------- | :------------------------------- |
| 1   | 69aa666ea243cecf9621900d | Nature of Partnership |
| 2   | 69aa666ea243cecf9621900f | Partnership Deed |
| 3   | 69aa666ea243cecf96219011 | Provisions of Partnership Act Relevant for Accounting |
| 4   | 69aa666ea243cecf96219013 | Special Aspects of Partnership Accounts |
| 5   | 69aa666ea243cecf96219015 | Maintenance of Capital Accounts of Partners |
| 6   | 69aa666ea243cecf96219017 | Distribution of Profit among Partners |
| 7   | 69aa666ea243cecf96219019 | Treatment of Guarantee of Profit to a Partner |
| 8   | 69aa666ea243cecf9621901b | Past Adjustments |

### Reconstitution of a Partnership Firm – Admission of a Partner

| No. | Topic ID               | Topic                            |
| :-- | :--------------------- | :------------------------------- |
| 1   | 69aa66aaa243cecf9621a1de | Modes of Reconstitution of a Partnership Firm |
| 2   | 69aa66aaa243cecf9621a1e0 | Admission of a New Partner |
| 3   | 69aa66aaa243cecf9621a1e2 | New Profit Sharing Ratio |
| 4   | 69aa66aaa243cecf9621a1e4 | Sacrificing Ratio |
| 5   | 69aa66aaa243cecf9621a1e6 | Goodwill |
| 6   | 69aa66aaa243cecf9621a1e8 | Adjustment for Accumulated Profits and Losses |
| 7   | 69aa66aaa243cecf9621a1ea | Revaluation of Assets and Reassessment of Liabilities |
| 8   | 69aa66aaa243cecf9621a1ec | Adjustment of Capitals |

### Reconstitution of a Partnership Firm – Retirement/Death of a Partner

| No. | Topic ID               | Topic                            |
| :-- | :--------------------- | :------------------------------- |
| 1   | 69aa66b0a243cecf9621a323 | Introduction to Partnership Reconstitution |
| 2   | 69aa66b0a243cecf9621a325 | Ascertaining the Amount Due to Retiring/Deceased Partner |
| 3   | 69aa66b0a243cecf9621a327 | New Profit Sharing Ratio |
| 4   | 69aa66b0a243cecf9621a329 | Gaining Ratio |
| 5   | 69aa66b0a243cecf9621a32b | Treatment of Goodwill |
| 6   | 69aa66b0a243cecf9621a32d | Adjustment for Revaluation of Assets and Liabilities |
| 7   | 69aa66b0a243cecf9621a32f | Adjustment of Accumulated Profits and Losses |
| 8   | 69aa66b0a243cecf9621a331 | Disposal of Amount Due to Retiring Partner |
| 9   | 69aa66b0a243cecf9621a333 | Adjustment of Partners’ Capitals |
| 10  | 69aa66b0a243cecf9621a335 | Death of a Partner |

### Dissolution of Partnership Firm

| No. | Topic ID               | Topic                            |
| :-- | :--------------------- | :------------------------------- |
| 1   | 69aa66e1a243cecf9621b0eb | Dissolution of Partnership |
| 2   | 69aa66e1a243cecf9621b0ed | Dissolution of a Firm |
| 3   | 69aa66e1a243cecf9621b0ef | Settlement of Accounts |
| 4   | 69aa66e1a243cecf9621b0f1 | Accounting Treatment |

## Important Book Facts

* The book belongs to Class 12.
* The subject is Accountancy.
* The board is CBSE.
* The curriculum is CBSE.
* The book contains 4 supplied chapters.
* The metadata contains 30 supplied topics.

## Related OKF Entities

| Entity Type | Title                            | Markdown URL                            |
| :---------- | :------------------------------- | :-------------------------------------- |
| Class       | Class 12 | https://www.edzy.ai/okf/class/cbse-class-12.md   |
| Subject     | Accountancy  | https://www.edzy.ai/okf/subject/cbse-class-12-accountancy.md |
| Chapter     | Accounting for Partnership: Basic Concepts | https://www.edzy.ai/okf/chapter/cbse-class-12-accountancy-accountancy-part-i-accounting-for-partnership-basic-concepts.md |
| Chapter     | Reconstitution of a Partnership Firm – Admission of a Partner | https://www.edzy.ai/okf/chapter/cbse-class-12-accountancy-accountancy-part-i-reconstitution-of-a-partnership-firm-admission-of-a-partner.md |
| Chapter     | Reconstitution of a Partnership Firm – Retirement/Death of a Partner | https://www.edzy.ai/okf/chapter/cbse-class-12-accountancy-accountancy-part-i-reconstitution-of-a-partnership-firm-retirementdeath-of-a-partner.md |
| Chapter     | Dissolution of Partnership Firm | https://www.edzy.ai/okf/chapter/cbse-class-12-accountancy-accountancy-part-i-dissolution-of-partnership-firm.md |

## Source Attribution

| Field          | Value                            |
| :------------- | :------------------------------- |
| Source         | Edzy                             |
| Reference Type | examSubjectBook                |
| Reference ID   | 66ae541b191fdf5766655bc8                  |
| Book ID        | 66ae541b191fdf5766655bc8          |
| Canonical URL  | https://www.edzy.ai/cbse-class-12-accountancy-accountancy-part-i |
| Markdown URL   | https://www.edzy.ai/okf/book/cbse-class-12-accountancy-accountancy-part-i.md |
| Last Updated   | 2026-06-24  |