Prachi's Blog

Practical notes and routines for students studying Accountancy, Economics, and Business Studies across CBSE, ISC, and State Board.

A company tree being nourished by investor invitations, employee options, and skilled effort as symbols of share issue

Private Placement, ESOP, and Sweat Equity Explained

A clear Class 12 Accountancy guide to private placement, ESOP, and sweat equity shares with differences, examples, and journal entry logic.

12th
Accounts

An accounting ledger turning into a community garden with separate streams flowing to a sports arena, prize pedestal, and building foundation

Tournament Fund, Prize Fund, and Building Fund in NPO Accounts

A clear Accountancy guide to special funds in not-for-profit organisation accounts, with treatment of tournament fund, prize fund, building fund, and common mistakes.

11th
Accounts

Transparent accounting rule layers turning scattered transaction slips into a clear ledger on a study desk

Accounting Standards, GAAP, and IFRS in Class 11 Accounts

A friendly Class 11 Accounts guide to Accounting Standards, GAAP, and IFRS, with simple examples, clear differences, and exam-ready explanations.

11th
Accounts

Two connected accounting machines turning inventory boxes into sales papers and invoice boats into cash coins

Inventory Turnover Ratio and Trade Receivables Turnover Ratio

A clear Accountancy guide to inventory turnover ratio and trade receivables turnover ratio, with formulas, interpretation, examples, and common mistakes.

12th
Accounts

A bridge of ledger columns leading across a gap in a trial balance, showing suspense account as a temporary crossing

Suspense Account in Rectification of Errors: When to Use It and When Not To

A simple Accountancy guide to suspense account, trial balance differences, and how to decide whether an error should be corrected through suspense.

11th
Study Advice
Accounts

A glass community building balanced on an open ledger with assets, liabilities, and funds arranged like building blocks

Balance Sheet of a Not-for-Profit Organisation

A clear Accountancy guide to preparing the opening and closing Balance Sheet of a not-for-profit organisation, with capital fund, adjustments, and a solved format.

11th
Accounts

Three learning paths branching from an open commerce notebook toward accounting, academic research, and business management

BCom vs BCom Honours vs BBA: Which Is Better After Class 12 Commerce?

A clear, student-friendly guide to choosing between BCom, BCom Honours, and BBA after Class 12 Commerce based on goals, strengths, and future plans.

12th
Career Advice

A central ledger receiving streams of assets, liabilities, and coins from open accounting drawers during partnership dissolution

Realisation Account in Dissolution of Partnership Firm: Format and Entries

Learn Realisation Account in dissolution of a partnership firm with format, journal entries, asset and liability treatment, expenses, tricky cases, and a solved flow.

12th
Accounts

Debentures Issued at Par, Premium, and Discount

A clear Class 12 Accountancy guide to debentures issued at par, premium, and discount with journal entries and common mistakes.

12th
Accounts

Coins flowing from a partnership ledger across a calendar to show how time affects interest on drawings

Interest on Drawings: Calculation When Dates Are Given vs Not Given

A clear Class 12 Accountancy guide to interest on drawings, with formulas, average period shortcuts, journal entries, and solved examples.

12th
Accounts

A brass balance scale on an open ledger with assets, liabilities, reserves, and provisions shown as classroom objects

Revaluation Account: Assets, Liabilities, Reserves, and Provisions

A clear Class 12 Accountancy guide to Revaluation Account, with rules for assets, liabilities, reserves, provisions, journal entries, and a solved format.

12th
Accounts

A commerce notebook opening into a miniature city connected by glowing bridges for tax, accounting, law, and business careers

Careers in Taxation After Commerce: Scope, Courses, and Skills

A practical guide to careers in taxation after Commerce, including direct tax, GST, study routes, job roles, and skills students should build early.

Career Advice
Accounts

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