Capital Accounts of Partners on Admission
Capital accounts of the partners can be one in case of fluctuating capitals or two i.e. capital accounts and current accounts in case of fixed capitals.
Admission of New Partner
12th commerce
Project Work in Accountancy
Annual Reports of 20 Companies for Project Work
12th Class students require Annual Reports of companies for completing their project work.
Sources of Business Finance
Types of Business Finance
Owner’s funds are the funds provided by the owners of an enterprise, which may be a sole trader…
Fundamentals of Partnership Accounting
Profit and Loss Appropriation Account
Profit and Loss Appropriation Account is a nominal account prepared for the purpose of distributing profits/losses …
Change in Profit Sharing Ratio
Change in Profit Sharing Ratio of Partners
Change in profit sharing ratio of partners involve sacrifice or gain made by the partners…
Fundamentals of Partnership Accounting
Partnership Deed
Partnership deed is a written agreement among the partners containing the terms and conditions …
General - Accountancy 12
Common Mistakes in Accountancy Exam Class 12
Most common mistakes made by the students attempting 12th Accountancy exam. have been mentioned here.
Project Work in Accountancy
Project Work in Accountancy Class 12
One specific project based on financial statement analysis of a company covering…