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Bookkeeping and Accounting
Rating: 4.2 out of 5(908 ratings)
15,439 students
Created byTMR Tutorials
Last updated 6/2021
English

What you'll learn

  • will learn everything about bookkeeping starting from journal entries to preparation of profit and loss , Balance sheet

Course content

9 sections • 22 lectures • 1h 36m total length

  • Introduction0:27
  • Why Bookkeeping and Definition of bookkeeping1:56

    Bookkeeping records day-to-day financial transactions and information, enabling accurate, up-to-date, and comprehensive records that help recover amounts from advance and postpaid customers.

  • Why accounting and Definition of accounting2:37

    Understand how accounting, as a system that includes bookkeeping, records and summarizes business transactions to compute profit or loss and prepare a balance sheet.

  • Bookkeeping vs Accounting and subfields of accounting4:09
  • Accounting concepts3:35

    Explore core accounting concepts, including the separate entity principle, accrual basis, going concern, historical cost, and consistency, shaping how financial statements reflect transactions.

Requirements

  • Should know basic maths like addition, subtraction, multiplication, division

Description

Bookkeeping and Accounting with complete practical examples solved from journal entries all the way to balance sheet


We will be teaching in the course the following things

1. Why bookkeeping ?? And definition

Bookkeeping involves the recording, on a regular basis, of a company’s financial transactions. With proper bookkeeping, companies are able to track all information on its books to make key operating, investing, and financing decisions

2.Why accounting ?? And definition

Accounting or Accountancy is the measurement, processing, and communication of financial and non financial information about economic entities

3. Identification of various types of accounts,  personal accounts, real account, nominal accounts and Golden rules of accounting,.

4. Preparing journal entries for sales, purchases, expenses, accruals, adjustments

5. Preparation General ledgers

6. Preparation of sales book, purchases book, cash book and bank book

7. Inventory valuation techniques first in first out fifo, last in first out lifo, weighted average valuation techniques

8. Depreciation computation straight line method , written down value method

9.Preparation of Trial balance

10. Preparation of Profit and Loss

11. Preparation of Balance sheet.

This course will help new small business owners to maintain their own books of accounts without the help of accountants.


TMR tutorials is setup by an Indian chartered Accountant (US CPA Equivalent) with 5 years of experience of working with a Big 4 in India with the aim of teaching concepts of finance and accounting to all the people who are interested.


Think of TMR tutorials as your personal tutor helping you in learning the course and feel free to reach out for any queries that you have






Who this course is for:

  • All the people who want to understand accounting, bookkeeping

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