Prachi's Blog

Page 14 of 30 with more practical notes and routines for commerce students.

A brass ledger fountain dividing net profit through clear channels into partner account books

Profit and Loss Appropriation Account: Format, Entries, and Common Errors

Learn the format, entries, and common mistakes in Profit and Loss Appropriation Account with a simple partnership example.

12th
Accounts

A glowing pass book and cash book on opposite riverbanks connected by stepping stones of cheque slips and bank charges

Bank Reconciliation Statement From Pass Book Balance

Learn how to prepare a Bank Reconciliation Statement when the pass book balance is given, with add and deduct logic, format, examples, and common mistakes.

11th
Accounts

A glowing bill of exchange travelling across ledger books like stepping stones, showing transfer by endorsement

Endorsement of Bill of Exchange: Meaning and Journal Entries

A friendly Accountancy guide to endorsement of a bill of exchange, with simple meaning, clear journal entries, solved examples, and common mistakes.

11th
Accounts

A glowing GST credit reservoir flowing into an open ledger with brass debit and credit scales

GST Journal Entries: Input, Output, CGST, SGST, and IGST

Learn GST journal entries for purchases, sales, returns, expenses, and tax payment with simple Class 11 Accountancy examples.

11th
Accounts

A brass journal book balancing three glowing streams for capital, drawings, and loan interest

Journal Entries for Interest on Capital, Drawings, and Loan

A clear Class 11 Accountancy guide to journal entries for interest on capital, interest on drawings, and interest on loan with examples.

11th
Accounts

A commerce student standing before an open ledger that turns into many career paths leading to different professional destinations

What to Do After 12th Commerce If You Do Not Want CA

A calm and practical guide for commerce students who do not want to pursue CA, with career paths, course options, skill ideas, and decision tips.

Career Advice
Study Advice

A commerce student carrying a lantern across a glass ledger bridge, following an audit trail through a business city

Careers in Audit After Commerce: Is It Right for You?

A friendly guide for commerce students and parents on audit careers, study routes, skills needed, and how to decide whether audit suits you.

Career Advice
Study Advice

A partnership ledger transferring a golden balance into an executor ledger beside brass scales

Executor's Account in Death of a Partner: Format and Entries

A clear Class 12 Accountancy guide to Executor's Account, deceased partner settlement, journal entries, format, and common mistakes.

12th
Accounts

A brass proportional divider splitting overflowing share application slips into fair allotment paths on an accounting ledger

Oversubscription and Pro-Rata Allotment of Shares

A clear Class 12 Accountancy guide to oversubscription, pro-rata allotment, excess application money, journal entries, and common mistakes.

12th
Accounts

Subscription Adjustments in Not-for-Profit Organisation Accounts

A clear Accountancy guide to subscription adjustments in not-for-profit organisation accounts, with formula, examples, balance sheet treatment, and FAQs.

11th
Accounts

Two financial bridges over a river, one carrying all current assets and one carrying only quick liquid assets

Current Ratio vs Quick Ratio: Meaning, Formula, and Interpretation

Learn the difference between current ratio and quick ratio with formulas, interpretation, solved examples, and common mistakes.

12th
Accounts

A glass ledger reservoir of capital turning a brass wheel that lifts profit coins toward a return gauge

Return on Investment and Capital Employed Explained

A clear Class 12 Accountancy guide to return on investment, capital employed, PBIT, formula use, interpretation, and common mistakes.

12th
Accounts

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