Basic Accountancy For Class - XII (Basic Activity)

In the knowledge economy, learning a subject should be made fun-loving. Many students coming to higher education portals generally have a difficult time in grasping the concepts. Accountancy is one of the subjects which call for a perfect understanding of concepts, principles and postulates. It has to be highlighted that the subject matter is not dry, but one must accept that the methods in which every one of us traditionally presented accounting fundamentals and principles need to be fine-tuned.

Departing from scholarly lectures and text-books, assignments can result in a higher level of student engagement through hands-on activities. Presenting accounting principles in student-centered and computer-based learning environments can demonstrate the practicality and necessity of the subject, particularly as a foundation for many career options and for acquiring in-depth knowledge in the academic journey.

In this connection, an attempt has been made by me to explore various pedagogical approaches that veteran accounting faculty members have successfully used to make accounting attractive and enlightening for students, including blended learning, activity-based modules, games, mentorships and computer simulations. These methods provide opportunities for students to learn with real-life accounting situations.

1. Accounting for Partnership Firms

2. Reconstitution and Dissolution

3. Retirement of a Partner

4. Death of a Partner

5. Dissolution of Firm