Commerce class 11 bussiness study notes in high quality

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High quality notes of commerce

Accountancy notes

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📘 Accounts Notes – Partnership Fundamentals & Admission of a Partner

Perfect for Class 12 | Quick Revision | Scoring Made Easy

Boost your exam prep with these well-structured and simplified notes designed specially for students of Accountancy (Class 12 or equivalent). This PDF covers two crucial chapters from the Partnership section:

✅ Fundamentals of Partnership

✅ Admission of a Partner

🔍 What’s Inside?

Easy-to-understand definitions

Complete journal entries with formats

All key concepts like profit-sharing ratio, sacrificing ratio, goodwill treatment, and revaluation

Step-by-step solutions to common problems

Formula sheet & concept tips for quick revision

Perfect for ICSE/CBSE/State Boards & entrance exam preparation

🧠 Designed for last-minute revision, this PDF helps you understand tough concepts with ease and score maximum marks in partnership questions.

 

🎯 Whether you’re a student looking to ace your exams or a tutor who needs crisp handouts — this is your go- to resource!

 

AN ACCOUNTING BOOK-ACCOUNTING FOR BEGINNERS.

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ACCOUNTING FOR BEGINNERS
Principles of Accounting
Meaning of Accounting
Features of Accounting
Objectives of Accounting
Limitations of Accounting
Branches of Accounting
—Financial Accounting
—-Cost Accounting
—-Managerial Accounting
What is Book-Keeping?
What is Accounting?
What is Accountancy?
Systems of Accounting
—Double Entry System
—Single Entry System
BASIC ACCOUNTING TERMS
–Business Transaction
–Capital
–Drawings
–Assets
–Liabilities
–Expenses
–Income
–Profit
–Sales
–Returns
–Discounts
–Purchases
–Inventory
–Payables
–Bad Debts
–Receivables
ACCOUNTING EQUATION
—Meaning of Accounting Equation
—Effect of Transactions on Accounting Equation
—Transactions Affecting Two Items
—Transactions Affecting More Than Two Items
—Practical Part of Accounting Equation with Examples