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Accounting for Partnership: Basic Concepts

Accounting for Partnership: Basic Concepts Class 12th  Notes by Sahil Swe Introduction   You have learnt about the preparation of financial statements for a sole proprietary concern. As the business expands, one needs more capital and larger number of people to manage the business and share its risks. In such a situation, people usually adopt the partnership form of organisation. Accounting for partnership firms has its own peculiarities, as the partnership firm comes into existence when two or more persons come together to establish business and share its profits. On many issues affecting distribution of profits, there may not be any specific agreement between the partners. In such a situation the provisions of the Indian Partnership Act 1932 apply. Similarly, calculation of interest on capital, interest on drawings and maintenance of partners capital accounts have their own peculiarities. Not only that a variety of adjustments are required on the death of a partner or when a...

The Indian Constitution

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  The Indian Constitution Class 8th  Notes By Sahil Swe   The Indian Constitution: A Living Document of Democracy, Justice, and Unity The Indian Constitution is not merely a legal document; it is the moral, political, and social foundation of the Indian Republic. Drafted in the aftermath of colonial exploitation, partition, and mass poverty, it represents a collective national resolve to build a democratic society based on justice, liberty, equality, and fraternity. With its length, detail, and adaptability, it remains the longest written constitution in the world and one of the most dynamic. --- The Meaning and Purpose of a Constitution A constitution lays down the constitutive rules of a society. Just as rules define games like football or cricket, a constitution defines how a society governs itself, distributes power, resolves conflicts, and protects individual freedom. In modern democracies, the constitution is the supreme law, binding both the rulers and the ruled. I...

Linear Equation in One Variable

  Linear Equation in One Variable  Notes & NCERT SOLUTIONS    Equation (in Mathematics) Definition: An equation is a mathematical statement that shows the equality of two algebraic expressions using the symbol “=”.  Example: 2x + 3 = 7 Here: Left side → Left Hand Side (LHS) Right side → Right Hand Side (RHS) An equation is true only for certain values of the variable. These values are called solutions of the equation. Algebraic Expression An algebraic expression is a combination of variables, constants, and arithmetic operations (+, −, ×, ÷) without an equality sign.  Examples:  Expressions do not show equality, so they cannot be solved, only simplified.   Variable A variable is a symbol (usually a letter like ) that represents an unknown or changeable quantity which depends on Mathematical Situations and conditions.  Example: In , x+3 x is the variable.  A variable can take different numerical values.   Constant A constant is a...

Life

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Life Class 8th  The dialogue is based on a dramatic poem in Dogri by Ram Nath Shastri and translated into English by Shivnath. The passing wind asks the question - 'What is life?' of various things in the universe like the stars, the moon, the cloud, the ocean, the earth and little girl. Each of them comes out with their definition of life. Now read the text below and find their answers."  Summary of “Life” The prose Life explains the meaning of life through a conversation between the wind and different elements of nature such as the earth, the little girl, the stars, the moon, and the ocean. Each speaker describes life according to their own experience, showing that life does not have one fixed meaning but many interpretations. At the beginning, the wind reflects on its own life. It realizes that life is not just about moving freely but also about responsibility. When the wind brings rain at the right time and place, it helps life grow. This shows that true life involves ...

Resources

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Resources  (Chapter 1) Class 8th  Notes — Sahil Swe  What is a resource A resource is anything that can be used to satisfy a human need. Items become resources when they are usable (have utility) and therefore have value. Examples: the water you drink, the electricity in your home, a rickshaw used to go to school, textbooks, and vegetables used to make food. Utility (ability to satisfy needs) is what makes something a resource.  Everything available in our environment which can be used to satisfy our needs, provided, it is technologically accessible, economically feasible and culturally acceptable can be termed as ‘Resource’. Utility and value — how something becomes a resource Utility (usability): If people can use something to meet needs, it has utility and becomes a resource. Value: Use/utility gives an item worth. Some resources have economic value (like metals), while others may be valuable socially or culturally but not immediately commercial (like a beautiful ...

Reproduction in Animals

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My Class 8th Science Notes: Reproduction in Animals These are my complete classroom notes from the Chapter on Reproduction in Animals (Class 8 Science) . Handwritten during lectures, with clear explanations and diagrams. What’s covered: - Asexual reproduction (binary fission, budding, fragmentation, spore formation) - Sexual reproduction (male/female reproductive organs, fertilization) - Types of fertilization (external like frog/fish, internal like humans/birds) - Development stages (zygote → embryo → foetus) - Viviparous vs oviparous animals - Key diagrams and exam questions Great for JKBOSE|CBSE|ICSE exam revision or homework help. Download the PDF below! https://drive.google.com/file/d/14IoUq0FQg5InZ6tovaZ_c7VCEbJzGTiQ/ view?usp=drivesdk Exercises  1. Explain the importance of reproduction in organisms. Reproduction is important because it ensures the continuation of a species from one generation to the next. Without reproduction, living organisms would not be able to produce ...

Division of Dates in History (BCE & CE)

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Division of Dates in History (BCE & CE) 1. Meaning of Division of Dates The division of dates in history refers to the method used by historians to organise, record, and interpret past events by dividing time into clearly defined eras. Since human history stretches across thousands and even millions of years, a systematic dating system is essential. This division helps historians and learners to: Understand the chronological order of events Compare historical developments across different regions and civilizations Study history in a systematic, scientific, and organised manner Avoid confusion while referring to ancient and modern periods 2. Main System of Historical Dating The most widely accepted system of historical dating across the world is based on the birth of Jesus Christ. This system divides time into two major eras: BCE (Before Common Era) or Before Christ CE (Common Era) or Anno Dommini This system is internationally recognised and used in textbooks, research, archaeolog...