Investment Fluctuation Reserve – Accounting Guide Investment Fluctuation Reserve Understanding Accounting Treatment on partnership reconstitution Comprehensive Guide for Accounting Students What is Investment Fluctuation Reserve? Investment Fluctuation Reserve (IFR) is a reserve, created to meet the losses, that may occur in the future, due to a fall in the value of investments. It acts as […]
Investment Fluctuation Reserve Journal Entry Read More »
MCQ Quiz – Practice Questions MCQ Quiz Question 1 What does "Goodwill" primarily mean? The physical assets of a business. A good opinion about someone or something. The total sales revenue of a company. The amount of cash a business has. B Correct Answer: A good opinion about someone or something. Goodwill is defined as
Goodwill MCQ – Basics of Goodwill Read More »
MCQ Quiz – Practice Questions Past Adjustments MCQ Question 1 What is the primary purpose of Past Adjustments in accounting? To record new transactions. To correct incorrect transactions previously recorded in the books of accounts. To forecast future profits. To prepare financial statements for the current period. B Correct Answer: To correct incorrect transactions previously
MCQ on Past Adjustments Read More »
Change in Profit Sharing Ratio & Goodwill Compensation – Complete Guide 📊 Accounting for Goodwill in Partnership When partners change their profit sharing ratio ⚖️ 🎯 What is Profit Sharing Ratio? Profit sharing ratio is the proportion in which partners share the profits and losses of their business. 🤝 Equal Partners When partners contribute equally,
Goodwill and Change in Profit Sharing Ratio Read More »
Capitalization Method of Goodwill Valuation in Partnership Accounts 💰 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. 🎯 What is the Capitalization
Capitalization Method of Goodwill Valuation Read More »
Accounting Errors & Profit Impact | Simple Guide for Students 📊 Goodwill Valuation : Correcting Profit impact due to errors in Capital and Revenue Expenditure treatment What We’ll Learn Today: ✅ What are Capital and Revenue Expenditures? ✅ Common accounting mistakes ✅ How to calculate profit impact ✅ Step-by-step correction methods Made Simple for Students!
Average Profit method Adjustments : Errors in Capital and Revenue Expenditure Read More »
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
Capital Expenditure and Revenue Expenditure Read More »
T S Grewal class 12 solutions Death of a Partner 2025-2026 (Q Nos 31 to 40) Need T S Grewal Death of a partner solutions 2025-2026 for your Class 12 Accounts exams? We’ve got you covered! Below you will find clear explanations and solutions for all the T S Grewal death of a partner questions
T S Grewal Death of a partner Solutions (2025-26) – Q Nos 31 to 40 Read More »
T S Grewal class 12 solutions Death of a Partner 2025-2026 (Q Nos 21 to 30) Need T S Grewal Death of a partner solutions 2025-2026 for your Class 12 Accounts exams? We’ve got you covered! Below you will find clear explanations and solutions for all the T S Grewal death of a partner questions
T S Grewal Death of a partner Solutions (2025-26) – Q Nos 21 to 30 Read More »
T S Grewal class 12 solutions Death of a Partner 2025-2026 (Q Nos 11 to 20) Need T S Grewal Death of a partner solutions 2025-2026 for your Class 12 Accounts exams? We’ve got you covered! Below you will find clear explanations and solutions for all the T S Grewal death of a partner questions
T S Grewal Death of a partner Solutions (2025-26) – Q Nos 11 to 20 Read More »
