Chapter 2: Accounting for Partnership: Basic Concepts
Read this chapter on NCERT Archive
The full chapter, with its textbook PDF and chapter solutions, now lives on NCERT Archive. Use the buttons below to open it.
About Chapter 2 (Accounting for Partnership: Basic Concepts)
Chapter 2 (Accounting for Partnership: Basic Concepts) is chapter 2 of 11 in the new edition of NCERT Class 12 Accountancy, a textbook for Class 12 students at the Senior Secondary stage. This is the new edition, the textbook brought out under the NEP 2020 / NCF-SE 2023 syllabus rollout.
In the book it comes after Chapter 1 (Accounting for Not-for-profit Organisation) and before Chapter 3 (Reconstitution of a Partnership Firm - Admission of a Partner), so it helps to be comfortable with the earlier chapters before starting it.
What you will find on NCERT Archive
NCERT Archive is our dedicated site for NCERT textbooks and solutions, Class 1 to 12. The page for Chapter 2 (Accounting for Partnership: Basic Concepts) there lets you read the chapter and open its textbook PDF, and it links straight to the solutions for the same chapter. Use the buttons above to go to it.
How to study Accounting for Partnership: Basic Concepts
- Read the concept first, then work through the illustrations and numerical examples line by line.
- Attempt the exercise questions on your own before looking at the solutions.
- Keep a list of definitions, formats and formulas for quick revision.
- Practise the same question type several times until the method becomes automatic.
Frequently Asked Questions
Which book is Chapter 2 (Accounting for Partnership: Basic Concepts) of Class 12 Accountancy from?
It is from the new edition of NCERT Class 12 Accountancy. The book has 11 chapters, and this is chapter 2.
Where can I read Chapter 2 (Accounting for Partnership: Basic Concepts) of Class 12 Accountancy?
On NCERT Archive. Press the "Open Chapter 2" button on this page and you will land on the chapter page there, where you can read it and open its textbook PDF.
Is this the new edition or the old edition?
This page is for the new edition. If your school still uses the earlier textbook, use the Old Edition switch at the top of the page.
Is it free to use?
Yes. Scholar Donkey and NCERT Archive are free to use and need no login.