BYJU'S Commerce Education Forum

Hello students! Do you find yourself asking whether goodwill is a tangible asset or intangible asset, or which entry should be placed in the debit side or credit side or you wonder what is the shape of the indifference curve?

All these and much more are answered here in a lucid and concise manner so that students can get a clear picture of the concepts and make themselves better equipped to face the board exams and other competitive exams.

This platform serves as a source for the various concept related queries that commerce stream students encounter during the course of their day to day studies.

The subjects covered in this forum are strictly based on the commerce stream syllabus comprising a diverse range of topics from accountancy, business studies and economics.

Students can benefit from this forum as it has to the point answers to the various questions presented in an easy to access manner, quality information therefore making it more student friendly, it is what students want.

So, what are you waiting for? Get started, now!

(a) Assets – Receivable = Equity (b) Assets + Receivable = Equity (c) Assets – Liabilities = Equity (d) Assets + Liabilities = Equity...
Break even means that point where a business is neither making profit nor loss. In other words, it can be referred to as the situation where...
Intangible assets are recorded on the value of their acquisition cost. For recording annual amortisation expense for an intangible asset,...
As per the Indian Partnership Act, 1932, it is not compulsory to register a partnership firm as the firm does not have a separate legal entity....
Intangible assets should be amortized based on its useful life. As per AS 26, the life of an intangible asset does not exceed 10 years. But, in...
If the partnership deed is silent then the rules applicable for partnership without partnership deed will be applicable which are as follows:...
Since intangible assets are long term assets they must be recorded in the financial statement every time, but this is not the case. As per...
The partnership deed created by partners must be on a stamp paper following the rules of Indian Stamp Act, and each partner should be carrying a...
Intangible assets can increase in value based on favourable market conditions. For example: Goodwill of a business can increase if the product...
As per the rules of Companies Act, 2013, a maximum of 100 members can be there in case of a partnership firm and a minimum number of 2 partners...

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