About Accountancy

Accountancy explains the subject as taught in Class 11, Class 12 and B.Com courses in India: one page for each topic, with the rules in plain words and solved examples worked out in full.

How it is written

Every explanation and every example is our own. Nothing is copied from a textbook, guide or question paper; the businesses and people in the examples are invented. The topics follow the usual order of a school and first-degree accountancy course, but this is not the syllabus of any one board. Use your own board's or university's current syllabus to decide what to study.

How the examples are checked

The tables on this site are produced by a program that refuses to build the page if a journal entry does not have equal debits and credits, if the two sides of a ledger account differ, if a trial balance or balance sheet does not agree, or if a figure quoted in the text does not match the calculation. So the arithmetic of every worked example has been checked by calculation, not by eye.

Sources for points of law

Accounting method is long-settled textbook knowledge. Where a page states a rule of law, it names the provision: the Indian Partnership Act, 1932 (rules in the absence of a deed, section 37, section 48); the Negotiable Instruments Act, 1881 (days of grace); the Companies Act, 2013 (sections 39, 52 and 53, Table F, Schedule III Division I); Accounting Standards 3 and 26; and the Central Goods and Services Tax Act, 2017 (sections 49 to 49B). The Acts are published on indiacode.nic.in and Schedule III on mca.gov.in. Tax rates in the GST examples are assumed figures for illustration and say so. Pages were reviewed in November 2026; laws and syllabuses change, so check the current text before relying on a rule.

What this site is not

It is not connected with NCERT, CBSE, ICAI, any board, university or coaching institute, and it is not professional advice. For the accounts of a real business, consult a qualified accountant.

Who makes it

This site is part of ShareYourGroup, a family of free sites about the things people share, send and do together. It is free to use and needs no login. Advertisements pay for the hosting and the work.

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