NCERT Book Class 12 Accountancy Chapter 1 Accounting for Partnership: Basic Concepts is available here to read online and download as a free PDF. This chapter is from Accountancy Part 1, the latest NCERT Class 12 Accountancy textbook for the 2026-27 session published by the National Council of Educational Research and Training (NCERT). Accounting for Partnership: Basic Concepts is Chapter 1 of 4 in Accountancy Part 1. On this page you can read the complete chapter, download the Class 12 Accountancy Chapter 1 PDF and the full Accountancy Part 1 book, and find the NCERT Solutions for this chapter.
NCERT Class 12 Accountancy (Accountancy Part 1) Chapter 1 Accounting for Partnership: Basic Concepts PDF
Download the NCERT Class 12 Accountancy Accountancy Part 1 Chapter 1 Accounting for Partnership: Basic Concepts PDF from the links below. You can get this single chapter, or the complete Class 12 Accountancy NCERT book, both for free.
NCERT Class 12 Accountancy Chapter 1 Accounting for Partnership: Basic Concepts PDF – Click Here To Download The Chapter PDF
NCERT Class 12 Accountancy Accountancy Part 1 Full Book PDF – Click Here To Download The Complete Book PDF
Read NCERT Class 12 Accountancy Chapter 1 Accounting for Partnership: Basic Concepts Online
You can read the complete Chapter 1 – Accounting for Partnership: Basic Concepts – of the NCERT Class 12 Accountancy book (Accountancy Part 1) online below, and download the PDF using the link above.
NCERT Book Class 12 Accountancy (Part 1) Chapter 1 Accounting for Partnership: Basic Concepts View Download
Topics Covered in Class 12 Accountancy Chapter 1 Accounting for Partnership: Basic Concepts
In Accounting for Partnership: Basic Concepts – Chapter 1 of the NCERT Class 12 Accountancy book Accountancy Part 1 – you will study: Partnership Deed, provisions in absence of deed, Profit and Loss Appropriation Account, fixed vs fluctuating capital accounts, interest on capital and drawings, partners’ salary and commission, guarantee of profit, past adjustments. Reading this chapter PDF helps you understand these topics clearly and prepare for your Class 12 Accountancy exams.
Chapter 1 of 4 – NCERT Class 12 Accountancy Accountancy Part 1
Accounting for Partnership: Basic Concepts is Chapter 1 of 4 chapters in the NCERT Class 12 Accountancy book Accountancy Part 1. Move to the previous or next chapter here.
- Previous: All Accountancy Part 1 Chapters
- Next: Chapter 2 Reconstitution of a Partnership Firm – Admission of a partner
- All Chapters: NCERT Class 12 Accountancy (Accountancy Part 1)
How to Download NCERT Class 12 Accountancy Chapter 1 PDF?
You can download the NCERT Class 12 Accountancy Accounting for Partnership: Basic Concepts PDF in a few simple steps.
- Open this page (you can search NCERT Class 12 Accountancy Accountancy Part 1 Chapter 1 aglasem to reach here).
- Click the Click Here To Download The Chapter PDF link above.
- The Chapter 1 Accounting for Partnership: Basic Concepts PDF opens in the viewer; click the download option to save it to your device.
- To get all chapters, use the Download The Complete Book PDF link for Accountancy Part 1.
NCERT Class 12 Accountancy Book – Accountancy Part 1 (All Chapters)
Accountancy Part 1 is the NCERT textbook for Class 12 Accountancy in the 2026-27 session. Besides Accounting for Partnership: Basic Concepts, you can read and download the other chapters of NCERT Class 12 Accountancy below.
- Accountancy – 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 – 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
NCERT Solutions for Class 12 Accountancy Accounting for Partnership: Basic Concepts
After reading the chapter, solve the exercise questions. You can get step-by-step answers at NCERT Solutions for Class 12 Accountancy, and study the same book in Hindi medium at NCERT Class 12 Accountancy Book in Hindi.
NCERT Books for Class 12 (All Subjects)
The subject-wise NCERT books for Class 12 (2026-27) are as follows.
- NCERT Book Class 12 Accountancy
- NCERT Book Class 12 Biology
- NCERT Book Class 12 Business Studies
- NCERT Book Class 12 Chemistry
- NCERT Book Class 12 Economics
- NCERT Book Class 12 English
- NCERT Book Class 12 Geography
- NCERT Book Class 12 Hindi
- NCERT Book Class 12 History
- NCERT Book Class 12 Maths
- NCERT Book Class 12 Physics
- NCERT Book Class 12 Political Science
- NCERT Book Class 12 Psychology
- NCERT Book Class 12 Sociology
NCERT Books (Class 1 to 12)
All class-wise NCERT books of the National Council of Educational Research and Training are as follows.
- NCERT Books for Class 1
- NCERT Books for Class 2
- NCERT Books for Class 3
- NCERT Books for Class 4
- NCERT Books for Class 5
- NCERT Books for Class 6
- NCERT Books for Class 7
- NCERT Books for Class 8
- NCERT Books for Class 9
- NCERT Books for Class 10
- NCERT Books for Class 11
- NCERT Books for Class 12
NCERT Class 12 Accountancy Chapter 1 Accounting for Partnership: Basic Concepts – An Overview
The key details of this NCERT chapter are as follows.
| Aspects | Details |
|---|---|
| Board / Publisher | NCERT (National Council of Educational Research and Training) |
| Used By | CBSE and State Boards |
| Class | Class 12 |
| Subject | Accountancy |
| Book | Accountancy Part 1 |
| Chapter Number | Chapter 1 (of 4) |
| Chapter Name | Accounting for Partnership: Basic Concepts |
| Session | 2026-27 (New, Updated) |
| Format | PDF (read online & free download) |
| Complete Book | NCERT Class 12 Accountancy (Accountancy Part 1) |
| All Class 12 Books | NCERT Books for Class 12 |
| NCERT Solutions | NCERT Solutions for Class 12 Accountancy |
| Official Website | ncert.nic.in |
NCERT Class 12 Accountancy Chapter 1 Accounting for Partnership: Basic Concepts – FAQs
What is Chapter 1 of NCERT Class 12 Accountancy?
Chapter 1 of NCERT Class 12 Accountancy is Accounting for Partnership: Basic Concepts, from the textbook Accountancy Part 1. It is one of 4 chapters in the book, and you can read it online and download the PDF for free from this page.
What topics are covered in Class 12 Accountancy Accounting for Partnership: Basic Concepts?
The key topics covered in Accounting for Partnership: Basic Concepts (Chapter 1 of Accountancy Part 1) are: Partnership Deed, provisions in absence of deed, Profit and Loss Appropriation Account, fixed vs fluctuating capital accounts, interest on capital and drawings, partners’ salary and commission, guarantee of profit, past adjustments.
Is this the latest NCERT book for the 2026-27 session?
Yes. Accounting for Partnership: Basic Concepts here is from the new and updated NCERT Class 12 Accountancy textbook (Accountancy Part 1) for the 2026-27 academic session, as prescribed by NCERT.
Which book is Class 12 Accountancy Chapter 1 Accounting for Partnership: Basic Concepts from?
Chapter 1 Accounting for Partnership: Basic Concepts is from Accountancy Part 1, the NCERT Class 12 Accountancy textbook. The book has 4 chapters in total.
Where can I find NCERT Solutions for Class 12 Accountancy Accounting for Partnership: Basic Concepts?
You can find step-by-step answers to the exercise questions at NCERT Solutions for Class 12 Accountancy.
Can I read Class 12 Accountancy Chapter 1 online without downloading?
Yes. The complete Chapter 1 Accounting for Partnership: Basic Concepts is embedded on this page, so you can read it online for free, and download the PDF only if you want an offline copy.
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