Prachi's Blog

Page 7 of 20 with more practical notes and routines for commerce students.

Two steady ledger pillars beside a glass water gauge showing fixed and fluctuating partner capital balances

Fixed Capital vs Fluctuating Capital Accounts in Partnership

A clear Class 12 Accountancy guide to fixed capital and fluctuating capital accounts in partnership, with formats, examples, and common mistakes.

12th
Accounts

A cash book bridge guiding cheque boats across a river toward a passbook lighthouse

Bank Reconciliation Statement When Starting With Cash Book Balance

Learn how to prepare a Bank Reconciliation Statement when the question starts with cash book balance, with clear rules, examples, and common mistakes.

11th
Accounts

An accounting ledger transforming into glowing charts and data constellations as a metaphor for commerce students entering analytics

Can Commerce Students Build a Career in Data Analytics?

A clear, friendly guide for commerce students on data analytics careers, required skills, tools, projects, courses, and how to start after Class 12.

Career Advice
Study Advice

A clockwork ledger with golden interest streams flowing from debenture pillars into journal books

Interest on Debentures: Journal Entries and Common Mistakes

A clear Class 12 Accountancy guide to interest on debentures, TDS entries, payment entries, year-end transfer, and common mistakes.

12th
Accounts

Three separate streams of coins, cheques, and discount ribbons flowing into one open ledger book

Three-Column Cash Book: Cash, Bank, and Discount Columns Explained

Learn how to prepare a three-column cash book with cash, bank, and discount columns, including contra entries, cheque treatment, balancing, and common mistakes.

11th
Accounts

An old bill of exchange transforming across a bridge of time into a renewed bill with coins and a clock showing interest

Renewal of Bill of Exchange: Interest, Cash Payment, and New Bill Entries

Learn renewal of a bill of exchange with interest treatment, part payment, new bill amount, journal entries, and solved examples.

11th
Accounts

A company tree being nourished by investor invitations, employee options, and skilled effort as symbols of share issue

Private Placement, ESOP, and Sweat Equity Explained

A clear Class 12 Accountancy guide to private placement, ESOP, and sweat equity shares with differences, examples, and journal entry logic.

12th
Accounts

An accounting ledger turning into a community garden with separate streams flowing to a sports arena, prize pedestal, and building foundation

Tournament Fund, Prize Fund, and Building Fund in NPO Accounts

A clear Accountancy guide to special funds in not-for-profit organisation accounts, with treatment of tournament fund, prize fund, building fund, and common mistakes.

11th
Accounts

Transparent accounting rule layers turning scattered transaction slips into a clear ledger on a study desk

Accounting Standards, GAAP, and IFRS in Class 11 Accounts

A friendly Class 11 Accounts guide to Accounting Standards, GAAP, and IFRS, with simple examples, clear differences, and exam-ready explanations.

11th
Accounts

Two connected accounting machines turning inventory boxes into sales papers and invoice boats into cash coins

Inventory Turnover Ratio and Trade Receivables Turnover Ratio

A clear Accountancy guide to inventory turnover ratio and trade receivables turnover ratio, with formulas, interpretation, examples, and common mistakes.

12th
Accounts

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

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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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