Prachi's Blog

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

A bill of exchange crossing a brass bank gate as part of its cash stream is deducted before maturity

Discounting of Bill of Exchange: Journal Entries Made Simple

Learn discounting of bill of exchange with clear journal entries in the books of drawer and drawee, discount calculation, maturity treatment, and solved examples.

11th
Accounts

A glass profit reservoir flowing into partner ledgers while a brass bridge adjusts the guaranteed share

Guarantee of Profit to a Partner: Adjustment Method and Solved Format

Learn guarantee of profit to a partner with deficiency calculation, adjustment method, journal entry, and solved Profit and Loss Appropriation Account format.

12th
Accounts

A brass accounting workbench sorting coins and cheque slips between two ledgers before a reconciliation bridge

Amended Cash Book in Bank Reconciliation Statement

Learn when to prepare an amended cash book before a Bank Reconciliation Statement, what to adjust in it, and how to avoid repeating items.

11th
Accounts

A paper bill of exchange forming a bridge, with a pen drawing it, a seal accepting it, and coins flowing into a ledger

Journal Entries for Drawing, Accepting, and Paying a Bill of Exchange

Learn the journal entries for drawing, accepting, and paying a bill of exchange with clear drawer and drawee treatment, formats, and solved examples.

11th
Accounts

A commerce student standing on blank ledger pages leading toward a global finance skyline

ACCA After Class 12 Commerce: Eligibility, Difficulty, and Career Scope

A practical guide for commerce students on ACCA eligibility after Class 12, how difficult the course feels, and what career paths it can support.

Career Advice
Study Advice
Accounts

Three golden cash streams from operations, investments, and financing flowing into one cash reservoir

Operating, Investing, and Financing Activities in Cash Flow Statement

A clear Class 12 Accountancy guide to classifying operating, investing, and financing activities in cash flow statement questions.

12th
Accounts

Two accounting ledgers on a desk with plus and minus tokens beside a red overdraft waterline

Bank Overdraft in Bank Reconciliation Statement: Plus and Minus Rules

A friendly Class 11 Accountancy guide to understanding overdraft in Bank Reconciliation Statement questions without memorising confusing signs.

11th
Study Advice
Accounts

Two school accountancy ledgers forming a bridge toward a taller CA Foundation lighthouse

CA Foundation vs Class 11 and 12 Accountancy: How Much Overlap Is There?

Understand how much Class 11 and 12 Accountancy helps in CA Foundation, where the overlap is strong, and where students need extra preparation.

Career Advice
Study Advice
Accounts

A brass machine casts smaller shadows across ledger steps to show reducing depreciation under written down value method

Depreciation by Written Down Value Method: Format and Formula

Understand the written down value method of depreciation with formula, yearly format, solved examples, part-year calculation, and practice questions.

11th
Accounts

A glowing ledger sorting goods into charity, advertising, drawings, and personal use paths

Journal Entries for Goods Given as Charity, Free Samples, Drawings, and Personal Use

Learn how to pass journal entries when goods are given as charity, distributed as free samples, withdrawn as drawings, or used personally.

11th
Accounts

A glass cash river flowing beside a filtered garden of current-year income and expenditure in a community accounting hall

Receipts and Payments Account vs Income and Expenditure Account

A clear Accountancy guide to the difference between Receipts and Payments Account and Income and Expenditure Account in not-for-profit organisation accounts.

11th
Accounts

A bill of exchange arriving early at a quiet harbour, with a clock, ledger pages, and a small glowing rebate coin

Retirement of Bill of Exchange: Rebate and Journal Entries

Understand retirement of a bill of exchange, rebate calculation, journal entries in the books of drawer and drawee, and solved examples.

11th
Accounts

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