﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌
✧'*Accounting: Redemption of Preference Share | Practice Session -16*'✧

Free Agastya Batch𓆩♡𓆪

Watch Live Now🎥 - Click Here

🔗Join us for daily updates
🔗Join our discussion group

------------------------------------------------------------

Topic: Accounting Equation  
📘 Short Note:

The Accounting Equation is the foundation of double-entry bookkeeping. It represents the relationship between assets, liabilities, and capital. The equation is:

🔹 Assets = Liabilities + Capital

This equation must always be balanced and helps in ensuring the accuracy of financial statements. Every transaction affects at least two accounts, keeping the equation in balance. For example, purchasing inventory for cash decreases cash (asset) and increases inventory (asset) — the overall value of assets remains unchanged.

Understanding and applying the accounting equation is crucial in preparing journals, ledgers, and final accounts.

✅ Why it’s important for exams?  
- Forms the base of journal entries
- Frequently tested in practical questions
- Core concept in financial accounting

🔗Join us for daily updates
Join our discussion group

﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌
✧'*Quantitative Aptitude: Probability -2*'✧

Free Agastya Batch𓆩♡𓆪

Watch Live Now🎥 - Click Here

🔗Join us for daily updates
🔗Join our discussion group

------------------------------------------------------------

"Tough roads lead to beautiful destinations — and CA is one of them. Stay focused, stay consistent, and your efforts will turn into success!" 💪📚✨

📜⚖️ Real Life Case Study: Bombay Burma Trading Corporation Ltd. vs. Aga Muhammad ⚖️📜

🚂🪵 Timber was purchased specifically to be used as railway sleepers. When it was discovered to be unfit for this purpose, the Court held that the contract could be avoided. ⚖️❌

This landmark case highlights the importance of fulfilling the express purpose in contracts. 📚🔍

🔗Join us for daily updates
Join our discussion group

﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌
✧'*Business Laws: The Indian Contract Act, 1872 (UNIT 2-5-6)*'✧

Free Agastya Batch𓆩♡𓆪

Watch Live Now🎥 - Click Here

🔗Join us for daily updates
🔗Join our discussion group

------------------------------------------------------------

﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌
✧'*Quantitative Aptitude: Equations-1 *'✧

Free Agastya Batch𓆩♡𓆪

Watch Live Now🎥 - Click Here

🔗Join us for daily updates
🔗Join our discussion group

------------------------------------------------------------

🎯 RAMBAAN SERIES IS HERE!
CA ka asli shortcut – Full course, smart, tricks, exam hacks 💡
Fun + Focus = Rank wala prep! 🔥
Set Your Alarm for the Mega Event!!

Event Link : https://www.youtube.com/live/e5VhZ5w9NRk?feature=shared

📌 Accounting Principles – *Short Note*

1. ✅ Business Entity Concept
- Treats business and owner as separate entities.
- Personal transactions are not recorded in business books.

2. ✅ Money Measurement Concept
- Only transactions measurable in monetary terms are recorded.
- Qualitative aspects are ignored.

3. ✅ Going Concern Concept
- Assumes that business will continue indefinitely.
- Assets are not recorded at liquidation value.

4. ✅ Accounting Period Concept
- Business operations are divided into specific time periods (usually a year) for reporting.

5. ✅ Accrual Concept
- Income and expenses are recognized when they occur, not when cash is exchanged.

6. ✅ Matching Concept
- Expenses are matched with related revenues in the same period.

﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌
✧'*CA Foundation May 2025 Rambaan Series Launch 🔥*'✧

CA Foundation Revision 𓆩♡𓆪

Watch Live Now🎥 - Click Here

🔗Join us for daily updates
🔗Join our discussion group

------------------------------------------------------------

﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌
✧'*Quantitative Aptitude: Equations-2*'✧

Free Agastya Batch𓆩♡𓆪

Watch Live Now🎥 - Click Here

🔗Join us for daily updates
🔗Join our discussion group

------------------------------------------------------------

🚀 AI Homework is LIVE! 📚✨  
Get daily homework for CA Foundation & CA Intermediate –
📌 Solve questions across subjects
💡 Get instant feedback with AI Grader  
🎯 Track your progress every day!

Start now and level up your prep! 💪  
#AIHomework #CAFoundation #CAIntermediate #PWCommerce #DailyPractice

Hello Bachchon!!
🎉 Admit Card Out Now! 👉🏻 Click to Download - https://eservices.icai.org/EForms/con...

🔥Fill the form and get a chance to win exciting prizes, Meet Alakh sir and your favorite faculties.

FILL THE FORM NOW!!! 👉🏻 https://forms.gle/vbTnGBVqGigGBaEE8

🚨 Daily Homework is LIVE! 🚀
Go and attempt your homework ✍️ and get instant feedback 📈 — don't miss it!

﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌
✧'*Business Laws: The Indian Contract Act, 1872 (UNIT 4)*'✧

Free Agastya Batch𓆩♡𓆪

Watch Live Now🎥 - Click Here

🔗Join us for daily updates
🔗Join our discussion group

------------------------------------------------------------

📢 Attention CA Foundation Students! 🎓✨

Download the Accounting RTP (Revision Test Papers) May 2025 and boost your exam readiness. 📖💯

✅ Master key concepts
✅ Practice exam-like questions
✅ Stay ahead in your preparation

📲 Acess your RTPs on Telegram and take the next step toward success! 🚀 Let’s ace those exams together! 💪

#CAFoundation #ExamReady #RTPInsights

🔗Join us for daily updates
Join our discussion group

﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌﹌
✧'*Quantitative Aptitude: Equations-2*'✧

Free Agastya Batch𓆩♡𓆪

Watch Live Now🎥 - Click Here

🔗Join us for daily updates
🔗Join our discussion group

------------------------------------------------------------