u/Final_Committee2787

▲ 2 r/Commercecircle+1 crossposts

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You think you understand Accounting Equation…

but can you actually solve it?

Try this quick one:

👉 Liabilities = ₹3,000, Capital = ₹7,000

Find Total Assets.

Comment your answer ⬇️

I’ve also shared a Class 11 Accounting Equation Test Paper 📄

Attempt it and tell me your score.

💬 Drop answers + tell me which topic confuses you

I’ll make an easy video on it.

u/Final_Committee2787 — 17 days ago

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I’ve been teaching accountancy and business studies to class 11th & 12th commerce students for a few years now, and I keep seeing the same problem again and again:

Most students think their only options are CA, CS, or B.Com.

Not because they’re not capable —

but because no one ever shows them the full picture.

There are actually 50+ career paths after commerce, but hardly anyone talks about them in a simple, practical way.

So I made a PDF listing these options with basic clarity on each one.

I’m not selling anything — just thought it might help students who are confused right now.

If you want it, just comment or DM me and I’ll share it.

Also, if you’re a commerce student:

What career are you currently thinking about?

reddit.com
u/Final_Committee2787 — 18 days ago
▲ 4 r/Commercecircle+1 crossposts

​

I have been teaching Accountancy & Business studies to commerce students for a few years now, and I keep seeing the same problem again and again:

Most students think their only options are CA, CS, or B.Com.

Not because they’re not capable —

but because no one ever shows them the full picture.

There are actually many career paths after commerce, but hardly anyone talks about them in a simple, practical way.

So I made a PDF listing these options with basic clarity on each one.

I’m not selling anything — just thought it might help students who are confused right now.

If you want it, just comment or DM me and I’ll share it.

Also, if you’re a commerce student:

What career are you currently thinking about?

reddit.com
u/Final_Committee2787 — 18 days ago

Chapter : Fundamentals of partnership Accounts

Topic : Profit & Loss Appropriation Account

I have tried to Explain profit & Loss Appropriation Account in a simplest manner

If you watch the video then share your feedback in a comment section as well it well help us as a teacher to improve .

Also do tell us in which part do you face difficulty and I will try to explain it in a simpler manner .

Video 1

https://youtu.be/ThzfPo8QJAw?si=nZdfcuY3BKnw8J9X

Video 2

https://youtu.be/cTI\_weQruko?si=6LMVCz2A8vWUJSqK

u/Final_Committee2787 — 27 days ago

Fundamentals of Accounting

Topic : Past Adjustments ( Important topic )

A, B and C are partners in a firm. Net profit of the firm for the year ended 31st March, 2023 is ₹30,000, which has been duly distributed among the partners in their agreed ratio of 3 : 1 : 1. It is noticed on 10th April, 2023 that the undermentioned transactions were not passed through the books of account for the year ended 31st March, 2023:

(a) Interest on Capital @ 6% per annum, the capital of A, B and C being ₹50,000, ₹40,000 and ₹30,000 respectively.

(b) Interest on drawings: A ₹350; B ₹250; C ₹150.

(c) Partners’ Salaries: A ₹5,000; B ₹7,500.

(d) Commission due to A (for some special transaction) ₹3,000.

You are required to pass the Journal entry, which will not affect Profit & Loss Account of the firm and rectify the position of partners .

Post your answer in Comment section

reddit.com
u/Final_Committee2787 — 27 days ago

Can you solve this question ( Important from board point of view )

P and Q were partners in a firm sharing profits and losses equally. Their fixed capitals were ₹2,00,000 and ₹3,00,000 respectively. The Partnership Deed provided for interest on capital @ 12% per annum. For the year ended 31st March, 2016, profits of the firm were distributed without providing interest on capital.

Pass necessary adjustment entry to rectify the error.

reddit.com
u/Final_Committee2787 — 27 days ago

MULTIPLE CHOICE QUESTIONS (MCQs)

Select the correct alternative:

(1) Which of the following equation is correct?

(a) Assets + Capital = Liabilities

(b) Assets Liabilities = Capital

(d) None of these.

(c) Assets + Liabilities = Capital

  1. The liabilities of a firm are 3,000; the capital of the proprietor is₹7,000. The total assets are

(a) ₹7,000.

(b) ₹10,000.

(c) 4,000.

(d) None of these.

reddit.com
u/Final_Committee2787 — 28 days ago
▲ 8 r/Commercecircle+1 crossposts

Congratulations to all students who have just been promoted to Class 11th & 12th! 🎊 If you're starting or continuing your Accountancy journey, you might have some questions or doubts.

This thread is for YOU! ✅ Ask anything related to: 🔹 Basic concepts of Accountancy 📖 🔹 New topics in Class 11th & 12th syllabus ✍️ 🔹 Difficult questions or tricky adjustments 🤔 🔹 Study tips & resources 📚

Drop your questions in the comments

reddit.com
u/Final_Committee2787 — 24 days ago