Understanding Fictitious Assets – Complete Guide for Students 💰 📊 🧮 Fictitious Assets Meaning A complete guide to one of accounting’s most interesting concepts What are Fictitious Assets? 🤔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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Master Debit & Credit Rules – Interactive Accounting Guide Fundamental Rules of Debit & Credit! 🏆 Your journey to accounting mastery starts here. Let’s make it simple, fun, and unforgettable! What Are Debit & Credit Rules? 🤔 Think of debit and credit rules as the GPS of accounting! Just like GPS tells you which direction
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Posting Journal Entries to Ledger – Interactive Accounting Tutorial 📚 Posting Journal Entries to Ledger Master the Art of Double-Entry Bookkeeping with Interactive Examples 📋 Golden Rules of Posting If Account is DEBITED in Journal → Post to DEBIT SIDE in its Ledger → Write the Credit Account name in Particulars If Account is CREDITED
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Capital vs Revenue Expenditure – Learn Accounting Basics 📊 Capital vs Revenue Expenditure Learn the difference between two important types of business expenses! 🏢 💰 📈 A simple guide for students to understand accounting basics 🏗️ What is Capital Expenditure? Capital Expenditure (CapEx) is money spent to buy or improve long-term assets that will benefit
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Meaning of Loan When you need money and you borrow it from someone then it is called loan. You can borrow money from anyone like your friend or your relatives or from a bank or anyone else. When you borrow money then you have to repay it back after certain time. You also need to
