This video explains the understanding of an account & what is the need to classify them. Also you will know how accounts are classified / Organized into three broad categories Real, Nominal and Personal Accounts.

Here's a fun and interesting quiz for you based on classification of accounts! We hope you enjoy it.

This video explains the basic Debit & Credit concepts & the 3 golden rules of accounting based for Real, Nominal and Personal Accounts.

This video gives you a broad idea of how the entire process is followed right from collecting the source documents till preparing the financial statement. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements. Broadly, entire accounting cycle is completed in three easy stages :- 

1st is collecting data then 

2nd is recording & transferring in various books & 

the last is finalizing them. 

This process is generally followed by every organization, which helps them in making important decisions efficiently.

This is a fun quiz based on the whole accounting cycle. Answer before the timer ticks off! Have fun!

In this video the general format of basic source documents like 

- Purchase invoice and purchase order - Cash and credit memo- debit and credit note and the difference between the two - Receipt and vouchers  are explained along with the reason why and when each document is used.

This explains the differences between Bearer, Order, Crossed, A/c payee cheques & some other frequently used bank documents like Deposit and Withdrawal Slips, Bank advice note and bank statement.

Journal is a record that keeps accounting transactions in chronological order, i.e. as they occur.  This tutorial will help you understand:
1.How to prepare journal
2.What are its features
3. How to record different business transactions in it
Basic entries like cash and credit sales, purchases, capital, expenses paid are covered.
To learn journal you have to have a strong understanding of 
Debit and credit and golden rules of accounts
Classification of accounts

This is continued session of How to pass journal entry.

This video tutorial focuses on important journal entries which are frequently asked in examinations like

1. Trade discount & Cash Discount  2. Goods distributed as free samples  3. Insolvency  4. Bad debts/Losses  5. Dishonor of Cheque.  It covers all the entries with reasons as to why to debit or credit the accounts for these basic transactions. This video is a great way for beginners to gain accounting knowledge.  To learn journal you have to have a strong understanding of  Debit and credit and golden rules of accounts Classification of accounts.

This fun quiz will help you revise and test your knowledge on basic accounting entries(journal entries). Answer before the clock ticks off! Enjoy!

This session Covers; 

-Meaning, Need and types of subsidiary books.

-Comparison between journal to ledger and subsidiary to ledger.

Here we will learn What is Cash Book , Its Importance & Types :

1) Single Column / Simple Cash Book 2) Double Column Cash Book

This video explains what is petty cash book & its need, what are the types of petty cash book & how to record transactions in petty cash book.

This video explains the importance of journal and how to record different business transactions in it.

Broadly Covers need for ledger, format, posting of transactions in ledger & balancing ledger accounts.

Check out our video on Bank Reconciliation statement which covers why and how we prepare BRS statement by comparing Bank book/ cash book to pass book / bank statement.

Take part in this test on Bank Reconciliation Statement. It will make your understanding on the topic even stronger and the Tips given to answer these questions will help you to quickly analyze and solve many questions on BRS.

Take part in this test on Bank Reconciliation Statement. It will make your understanding on the topic even stronger and the Tips given to answer these questions will help you to quickly analyze and solve many questions on BRS.

Take part in this test on Bank Reconciliation Statement. It will make your understanding on the topic even stronger and the Tips given to answer these questions will help you to quickly analyze and solve many questions on BRS.

This Video explains the need & Importance of preparing Trial Balance & Posting ledger balances in Trial Balance.

Many times we make mistakes unknowingly in our accounting books, so in this session we will learn how to rectify them such that our statements show a true & fair view.

Take part in this fun and exciting quiz on the chapter Errors and Rectification. Test yourself and see how many you get right.