Prachi's Blog

Page 3 of 20 with more practical notes and routines for commerce students.

A brass accounting machine withdrawing unpaid share certificates while a restored certificate and reserve coins emerge on a ledger desk

Forfeiture and Reissue of Shares Journal Entries

A clear Class 12 Accountancy guide to forfeiture and reissue of shares, with rules, formats, solved journal entries, and common mistakes.

12th
Accounts

A parent and commerce student studying a compass shaped like an open ledger, with career paths lit by interests, skills, values, and course requirements

How Parents Should Evaluate Commerce Career Options

A calm parent guide to evaluating commerce career options through interest, aptitude, work style, course fit, cost, and long-term growth.

Career Advice
Study Advice

A commerce student standing over an open ledger as three professional accounting paths unfold toward India, global finance, and U.S. accounting careers

CA vs ACCA vs CPA for Indian Commerce Students

A calm, practical guide to help Indian commerce students compare CA, ACCA, and CPA based on career goals, study style, timing, and long-term fit.

Career Advice
Study Advice

A balance scale arranging many debit and credit slips into one neat journal entry

Compound Journal Entries: Multiple Debits and Credits Made Simple

A clear Class 11 Accountancy guide to compound journal entries, with steps, formats, solved examples, and common mistakes to avoid.

11th
Accounts

A tiny lighthouse note guiding debit and credit lines across an open accountancy journal

Narration in Journal Entries: Format, Examples, and Mistakes to Avoid

Learn how to write narration in journal entries with the correct format, clear examples, and common mistakes students should avoid.

11th
Accounts

A split study desk showing handwritten Accountancy practice on one side and a timed multiple-choice screen on the other

CUET Accountancy vs School Exam Accountancy: What Changes in Preparation?

A practical guide for Class 12 Accountancy students preparing for CUET and school exams, with the study changes that matter most.

12th
Study Advice
Accounts

A bank loan vault supported by a second safety bridge made of debenture certificates

Debentures Issued as Collateral Security

Learn the meaning, journal entries, balance sheet treatment, and common mistakes for debentures issued as collateral security.

12th
Accounts

A ledger tree is balanced on brass scales while goodwill flows toward partner account books

Goodwill Treatment When a New Partner Is Admitted

Learn goodwill treatment on admission of a new partner with sacrificing ratio, premium for goodwill, existing goodwill, partial payment, and journal entries.

12th
Accounts

A brass adjustment scale redirects golden profit tokens into partner ledger books in the correct ratio

Past Adjustments in Partnership Accounts: Wrong Profit Sharing Ratio

Learn past adjustments in partnership accounts with the direct adjustment method, net effect table, and a clear wrong profit sharing ratio example.

12th
Accounts

A ledger courtroom where debit and credit columns are examined under a warm lamp before being balanced

Rectification of Errors Before and After Trial Balance

A clear Accountancy guide to correcting errors before and after Trial Balance, with simple rules, examples, and Suspense Account logic.

11th
Study Advice
Accounts

Debenture certificate ships returning to a brass reserve vault and repayment dock on a ledger harbor

Redemption of Debentures in Class 12 Accounts

A clear Class 12 Accountancy guide to redemption of debentures, DRR, DRI, journal entries, premium on redemption, and common exam mistakes.

12th
Accounts

An open ledger receiving two money streams, one flowing to a profit garden and one into capital foundation pillars

Capital Receipts vs Revenue Receipts: Class 11 Examples

Understand capital receipts and revenue receipts in Class 11 Accountancy with simple rules, examples, final account treatment, 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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