Accounting Logic System™ Premium Practice Resources
Learn through logic. Practise independently. Check every step.
Rangunwala Academy is developing differentiated self-study resources that will extend—not duplicate—the free Accounting Logic System™ lessons.
What stays free
The website learning path will continue to provide useful explanations of Types of Accounts, Debit and Credit, transaction identification, Journal, Ledger, Trial Balance and proprietorship Final Accounts. Start with the free Accounting Logic System™ lessons.
How premium practice will differ from the free lessons
- Free lessons: concept explanations, worked examples and a guided learning sequence.
- Premium practice: additional original exercises, separate worked solutions, control totals and printable independent-practice sheets.
- No artificial restriction: the core accounting explanations remain freely available on the website.
What the future premium material is intended to add
- Original topic-wise exercise sets with increasing difficulty.
- Separate, fully worked solutions and debit-credit control checks.
- Journal-to-Ledger posting drills with opposite-account particulars.
- Trial Balance error-prevention checklists and answer controls.
- Final Accounts practice with proprietorship adjustments.
- Printable worksheets designed for independent repeated practice.
Review the free learning path first
- Journal Entries Step by Step
- Ledger Accounts and Posting
- Trial Balance Step by Step
- Final Accounts with Adjustments
Free development preview — integrated practice sample
Try first: A sole proprietor starts with ₹80,000 cash; buys goods for cash ₹20,000; buys furniture on credit from Nova Furnishers ₹15,000; makes cash sales ₹32,000; and pays rent ₹5,000. Identify the accounts, prepare the entries and calculate the Trial Balance.
Checked journal solution
| Transaction | Debit | Credit |
|---|---|---|
| Capital introduced | Cash A/c ₹80,000 | Capital A/c ₹80,000 |
| Goods purchased for cash | Purchases A/c ₹20,000 | Cash A/c ₹20,000 |
| Furniture purchased on credit | Furniture A/c ₹15,000 | Nova Furnishers A/c ₹15,000 |
| Cash sales | Cash A/c ₹32,000 | Sales A/c ₹32,000 |
| Rent paid | Rent A/c ₹5,000 | Cash A/c ₹5,000 |
| Journal control total | ₹1,52,000 | ₹1,52,000 |
Ledger balances and Trial Balance
Cash closes with a ₹87,000 Debit balance: ₹80,000 + ₹32,000 − ₹20,000 − ₹5,000. The other balances are Purchases ₹20,000 Dr., Furniture ₹15,000 Dr., Rent ₹5,000 Dr., Capital ₹80,000 Cr., Nova Furnishers ₹15,000 Cr. and Sales ₹32,000 Cr.
| Debit balances | ₹ | Credit balances | ₹ |
|---|---|---|---|
| Cash | 87,000 | Capital | 80,000 |
| Purchases | 20,000 | Nova Furnishers | 15,000 |
| Furniture | 15,000 | Sales | 32,000 |
| Rent | 5,000 | ||
| Total Debit | 1,27,000 | Total Credit | 1,27,000 |
This sample is freely available and demonstrates the checking standard intended for future practice resources. It does not mean that a paid pack, checkout or automated download is live.
Free audit checkpoint — part receipt with discount
Question: A customer, Asha, owes the business ₹12,000. The business receives ₹7,000 in Bank and allows a discount of ₹500. Prepare the compound Journal entry and find Asha’s closing balance.
Checked solution
Bank A/c Dr. ₹7,000
Discount Allowed A/c Dr. ₹500
To Asha A/c ₹7,500
- Bank increases by ₹7,000, so Bank is debited.
- Discount Allowed is an expense/loss of ₹500, so it is debited.
- Asha’s receivable reduces by ₹7,500, so her Personal Account is credited.
Control check: Total Debit ₹7,500 = Total Credit ₹7,500. Asha’s remaining Debit balance is ₹4,500: ₹12,000 − ₹7,500.
For the underlying entry logic, review Journal Entries Step by Step and then follow the balance into the Ledger Posting lesson.
Release quality gate
A resource will not be described as available until its questions, classifications, journal entries, ledger postings, totals and solutions have been independently checked; its layout has been reviewed; and an authorised self-serve payment and download route is ready.
Current status
Development only—nothing on this page is currently offered for sale. Premium Practice Pack 1: Journal and Ledger Foundations now has a completed, accounting-audited development draft with practice worksheets, worked solutions and independent control totals. It remains under product review. No price is published, no payment is collected and no delivery date is promised. The incomplete textbook and draft graphics are not treated as a finished commercial product.
For institutions
Reusable institutional licensing is being considered separately from personal teaching services. Read the digital resources and institutional licensing status. Expressing interest does not grant rights or create an agreement.
Author
Ejaj Abubakar Rangunwala
M.Com., B.Ed., D.B.M.