A USEFUL PLACE TO BEGIN
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5 resources to explore
A = L + C CONCEPT SHEET
XI · CA Foundation 3 min
The accounting equation Assets, liabilities and capital. Four transactions that show why the equation stays in balance.
Dr. → Cr. WORKED GUIDE
XI · CA Foundation 4 min
Journal-entry essentials Identify the accounts, decide their effect, then record the debit and credit with a clear narration.
Cost − Residual WORKED GUIDE
XI · CA Foundation 4 min
Straight-line depreciation Connect cost, residual value and useful life in one short example, including a part-year calculation.
Earn → Share CONCEPT SHEET
XII · CA Foundation 4 min
Profit & Loss Appropriation Separate charges against profit from appropriations and follow a compact partnership example.
Learn. Try. Review. STUDY TOOL
ALL LEARNING STAGES 5 min
The weekly study review A printable review for students and parents: concepts, completed practice, errors and the next priority.
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Show all resources CONCEPT SHEET · 3 min ×
The accounting equation See the whole transaction.
The idea Buying furniture for cash changes the form of assets, not their total.
A simple example Cash ₹50,000 introduced as capital: Assets +₹50,000 and Capital +₹50,000. Then furniture bought for ₹10,000 in cash: Furniture +₹10,000; Cash −₹10,000. Total assets remain ₹50,000.
Think it through: When goods costing ₹5,000 are bought on credit, what changes? Inventory (an asset) increases by ₹5,000 and the payable (a liability) increases by ₹5,000. Capital is unchanged.
Download the printable PDF ↓ A short learning aid. Use it alongside your prescribed textbook and class notes.
WORKED GUIDE · 4 min ×
Journal-entry essentials Logic before the entry.
The idea Assets and expenses increase on the debit side; liabilities, capital and income increase on the credit side.
A simple example Furniture bought for cash, ₹10,000: Furniture A/c Dr ₹10,000; To Cash A/c ₹10,000. Furniture increases and cash decreases. Both are assets.
Think it through: What is the entry when rent of ₹2,000 is paid in cash? Rent A/c Dr ₹2,000; To Cash A/c ₹2,000. Rent expense increases and cash decreases.
Download the printable PDF ↓ A short learning aid. Use it alongside your prescribed textbook and class notes.
WORKED GUIDE · 4 min ×
Straight-line depreciation One formula. A clear reason.
The idea Annual depreciation = (Cost − Estimated residual value) ÷ Estimated useful life.
A simple example Cost ₹60,000; residual value ₹6,000; useful life 6 years. Annual depreciation = ₹54,000 ÷ 6 = ₹9,000. For 6 months of use: ₹9,000 × 6/12 = ₹4,500.
Think it through: Does depreciation mean the business pays cash each year? No. Depreciation allocates the depreciable amount as an expense over useful life. Recording depreciation itself is not a cash payment.
Download the printable PDF ↓ A short learning aid. Use it alongside your prescribed textbook and class notes.
CONCEPT SHEET · 4 min ×
Profit & Loss Appropriation Profit earned. Then shared.
The idea First determine profit after charges. Then account for agreed appropriations and share the residual profit.
A simple example Profit before partner salary and interest on capital: ₹1,20,000. Salary to A ₹20,000; interest on capital to A ₹10,000 and B ₹10,000. Residual profit ₹80,000, shared equally: A ₹40,000, B ₹40,000. Assume the deed permits these appropriations.
Think it through: Is interest on a loan from a partner a charge or an appropriation? It is a charge against profit, so it is accounted for before arriving at profit available for appropriation.
Download the printable PDF ↓ A short learning aid. Use it alongside your prescribed textbook and class notes.
STUDY TOOL · 5 min ×
The weekly study review Make the next week more useful.
The idea Choose one weak topic and one specific action. A useful review ends with something you can complete.
A simple example Weak topic: interest on drawings. Repeated error: time period. Next action: solve three questions with different withdrawal dates and explain the time calculation aloud.
Think it through: Can you name one repeated error from your latest test? Write the exact step that went wrong, redo one question without looking at the solution, then choose similar questions for practice.
Download the printable PDF ↓ A short learning aid. Use it alongside your prescribed textbook and class notes.
↳ Learn the idea. Then practise.
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