Month: May 2025
# AS vs Ind-AS (Accounting Standard vs Indian Accounting Standard) List ?
ACCOUNTING STANDARD’S (AS’s) AS 1 – Disclosure of Accounting Policies AS 2 – Valuation of Inventories AS 3 – Cash Flow Statements AS 4 – Contingencies and Events Occurring After the Balance Sheet Date AS 5 – Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies AS 7 … Read more
# SOLUTION OF T.S GREWAL’S CLASS 12TH ACCOUNTANCY QUESTIONS
Solutions of T.S Grewal’s Class 12th Accountancy Questions of Academic Session 2025-26 Please Refer the partnership deed: Items If Partnership Deed (YES) If Partnership Deed (NO) Interest on Partners Loan (Loan given by Partner to Firm) As per Partnership deed 6% p.a. Profit Sharing Ratio As per Partnership deed Equally among all partners Interest on … Read more
CLASS 12TH ACCOUNTANCY: CHAPTER 01 – FUNDAMENTAL OF PARTNERSHIP NOTES
Topic 01: # What is Partnership? Partnership is the relationship between two or more persons who have agreed to share the profits (includes loss also) in their profit sharing ratio and do the business which is carried on by all or any of them acting for all (mutual agency or partners are principal and agent). … Read more