Prachi's Blog

Page 15 of 28 with more practical notes and routines for commerce students.

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

Two open ledgers connected by a cracked paper bridge with a seal, symbolising dishonour of a bill of exchange

Dishonour of Bill of Exchange: Entries in the Books of Drawer and Drawee

A clear Class 11 Accountancy guide to dishonour of a bill of exchange, noting charges, and journal entries in the books of drawer and drawee.

11th
Accounts

A stream of mixed cash records passing through a glass accounting prism into two clear ledger streams

Income and Expenditure Account From Receipts and Payments

A clear Accountancy guide to preparing an Income and Expenditure Account from a Receipts and Payments Account, with adjustments, format, and examples.

Accounts

An old partnership ledger redesigned as an architectural blueprint with a new wing added and a balanced foundation

New Balance Sheet After Admission of a Partner

A clear Class 12 Accountancy guide to preparing the new balance sheet after admission of a partner, with order of adjustments, format, and common mistakes.

12th
Accounts

An accountancy ledger splitting into two paths, one for daily running costs and one for long-term business assets

Capital Expenditure vs Revenue Expenditure: How to Identify It

A clear Class 11 Accountancy guide to identifying capital and revenue expenditure in questions, with tests, examples, and common mistakes.

11th
Accounts

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Prachi is a gold-medalist commerce teacher with experience at Deloitte and KPMG. She focuses on fundamentals to build a strong foundation.

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