What are Fictitious Assets

Understanding Fictitious Assets – Complete Guide for Students ๐Ÿ’ฐ ๐Ÿ“Š ๐Ÿงฎ Fictitious Assets Meaning A complete guide to one of accounting’s most interesting concepts What are Fictitious Assets? ๐Ÿค”Simple Definition Think of fictitious assets as “fake assets” – they appear on the assets side of a balance sheet, but they’re not really assets! They’re there […]

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Goodwill and Change in Profit Sharing Ratio

Change in Profit Sharing Ratio & Goodwill Compensation – Complete Guide ๐Ÿ“Š Accounting for Goodwill in Partnership When partners change their profit sharing ratio โš–๏ธ ๐ŸŽฏ What is Profit Sharing Ratio? Profit sharing ratio is the proportion in which partners share the profits and losses of their business. ๐Ÿค Equal Partners When partners contribute equally,

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Capitalization Method of Goodwill Valuation

Capitalization Method of Goodwill Valuation in Partnership Accounts ๐Ÿ’ฐ Capitalization Method of Goodwill Valuation Capitalization Method of Goodwill Valuation under Partnership Accounts! Let’s explore this step-by-step with real examples and interactive calculations. What you’ll learn: Two types of capitalization methods, step-by-step calculations for each method, practical examples, and key formulas. ๐ŸŽฏ What is the Capitalization

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How to Post Journal Entry to Ledger

Posting Journal Entries to Ledger – Interactive Accounting Tutorial ๐Ÿ“š Posting Journal Entries to Ledger Master the Art of Double-Entry Bookkeeping with Interactive Examples ๐Ÿ“‹ Golden Rules of Posting If Account is DEBITED in Journal โ†’ Post to DEBIT SIDE in its Ledger โ†’ Write the Credit Account name in Particulars If Account is CREDITED

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Average Profit Method for Goodwill Valuation

Average Profits Method – Learn Accounting ๐Ÿ“Š Average Profits Method Learn how to calculate goodwill using average profits – made simple for students! Two Types (a) Simple Average Profits Method b) Weighted Average Profits Method ๐Ÿ’ก What is Simple Average Profits Method? The Average Profits Method is used to calculate the goodwill of a business.

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Average Profit method Adjustments : Errors in Capital and Revenue Expenditure

Accounting Errors & Profit Impact | Simple Guide for Students ๐Ÿ“Š Goodwill Valuation : Correcting Profit impact due to errors in Capital and Revenue Expenditure treatment What We’ll Learn Today: โœ… What are Capital and Revenue Expenditures? โœ… Common accounting mistakes โœ… How to calculate profit impact โœ… Step-by-step correction methods Made Simple for Students!

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Capital Expenditure and Revenue Expenditure

Capital vs Revenue Expenditure – Learn Accounting Basics ๐Ÿ“Š Capital vs Revenue Expenditure Learn the difference between two important types of business expenses! ๐Ÿข ๐Ÿ’ฐ ๐Ÿ“ˆ A simple guide for students to understand accounting basics ๐Ÿ—๏ธ What is Capital Expenditure? Capital Expenditure (CapEx) is money spent to buy or improve long-term assets that will benefit

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Industrial Policy of India after Independence – Bad Effects

India’s Industrial Growth Strategy Problems 1950-1990 Problems with India’s Industrial Growth Strategy The Dark Side of Economic Planning Post-Independence Era: 1950-1990 ๐Ÿญ ๐Ÿ“‹ ๐Ÿ›ก๏ธ ๐Ÿšซ ๐Ÿ‘ฅ Public Sector Excessive Dominance ๐Ÿญ Public Sector Excessive Dominance When Government Controls Everything โš ๏ธ Key Problems ๐Ÿ”’ Private sector was pushed aside ๐Ÿข Government monopoly in key industries ๐Ÿ’ธ

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Industrial Policy of India after Independence – Good Effects

India’s Growth Strategy: Positive Effects (1950-1990) | Educational Presentation ๐Ÿ‡ฎ๐Ÿ‡ณ Good Effects of Industrial Growth Strategy (1950 to 1990) Good Effects of India’s post-independence industrial growth strategy ๐Ÿ“ˆ What We’ll Learn India transformed from a newly independent nation into an industrially diverse economy through growth oriented planning and policies. ๐ŸŽฏ Key Focus Areas โ€ข Economic

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