As we know the golden rule of accountancy includes three accounts, which are used to make journal entries. 1. Personal A/C Debit the receiver credit the giver 2. Real A/C Debit what comes in Credit...
Are you scared of numerical? Do you think you don't understand them? If yes, then read ahead. See, it might be any exam, but numerical won't leave your back. So let's talk about common problems and their...
Past adjustments in partnership firm means adjusting partners' capital or current account balances due to rectification of past errors and omissions that was not in accordance with the partnership deed....