Objectives of the session:
• To analyse the process of study,
• To discuss variety of issues related to study,
• To explain the difference between hard work and smart work.
Objectives of the session:
• Tips to gain maximum knowledge and marks in practical subjects,
• Tips to gain maximum knowledge and marks in Theoretical subjects,
• Success Mantra for life.
“Study”• Simple Definition of Study is:
“The systematic analysis of the facts and predictions about their results based on our knowledge
and past experience.”
“Study”The “systematic”
“Analysis”of the “facts”
and “predictions” about their “results”
based on our “knowledge and past experience”.
Working Hard:
• Needed but need to stop working hard after a certain level
• H: Hectic,
• A: Applying the extra energy,
• R: Repetition of work
• D: Diminishing Utility
Working Smart:
• Must be used as an important attachment to Hard work
• S: Systemic,
• M: Managing the time perfectly
• A: Analytical study,
• R: Relying on ABC analysis
• T: Talent utilization in a perfect way
Hints for practical subjects:
1. Understand each and every concept perfectly,
2. Find out the reason behind everything,
3. Find out the exact steps to solve the problem,
4. Always follow the above steps,
5. Write down the working notes in detail in your language,
6. ABC technique,
7. Perfect plan for revision.
Perfect steps for Admission of partner
in the firm::1 Prepare Revaluation account, Capital a/cs, bank a/c and new B/S
2 Record balances
3 Past profits/losses/reserves transferred to old partners in old ratio
4 Cash brought in by new partner
5 Make revaluation of assets and liabilities,
6 Record assets taken by any partner
7 Record revaluation expenses
8 Find new ratio if not given,
9 Find goodwill and give its accounting treatment,
10 Revaluation profit /loss to old partners in old ratio
11 Make capital adjustment in any
12 Close all the account and the balance sheet must be tallied.
Hints for Theoretical subjects:
1. Understand each and every concept perfectly,
2. Find out the reason behind everything,
3. Prepare tree diagram of what ever you have learnt and understood.,
4. Revise the tree diagrams,
5. Immediately go through the past exam questions and think about, the expected answers of it,
6. Write down the answers on paper,
7. Form the discussion group.
Interest CreationBanking Company Final Account
SchNo
Key Word Schedule
1 Call Capital
2 Rajiv Reserves & Surplus
3 Delhi Deposits
4 Bombay Borrowings from other banks
5 Or Other Liabilities
6 Calcutta Cash and balance with other banks
7 But Balance with other banks and money at call and short notice.
8 Indira Investments
9 Ad vocates Advances
10 For Fixed Assets
11 Others Other Current Assets
12 Contingent Liability
13 I Interest earned
14 O Other Incomes
15 I Interest Expended
16 O Other Operating Expenses
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