Prachi's Blog

Page 21 of 37 with more practical notes and routines for commerce students.

A careful ledger garden where doubtful debts are separated from healthy receivables before a small discount stream flows forward

Bad Debts, Provision for Doubtful Debts, and Discount on Debtors

Learn the journal entries and final accounts treatment for bad debts, provision for doubtful debts, and discount on debtors with a simple order of calculation.

11th
Accounts

An open notebook splitting into a commerce path with ledgers and an economics path with graphs, data, and a telescope

BCom Honours vs Economics Honours: Which Should You Choose?

A clear guide for commerce students choosing between BCom Honours and Economics Honours after Class 12, with subjects, skills, career options, and fit.

12th
Career Advice
Study Advice

A cash drawer and bank vault connected by a glass canal across an open ledger

Contra Entry in Three-Column Cash Book: Meaning, Format, and Examples

Learn contra entry in a three-column cash book with simple rules, format, examples, cheque treatment, and common mistakes students should avoid.

11th
Accounts

An open ledger splitting into three paths for a bill of exchange, promissory note, and cheque

Bill of Exchange vs Promissory Note vs Cheque

Understand the difference between a bill of exchange, promissory note, and cheque with simple meanings, examples, parties, and exam-friendly comparison points.

11th
Accounts

A moonlit partnership ledger with a sand clock measuring profit only up to one marked date

Death of a Partner: Profit Till Date of Death

Learn how to calculate a deceased partner's share of profit up to the date of death using time basis, average profit, and sales basis.

12th
Accounts

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

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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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