
Explore the fundamentals of financial accounting, including bookkeeping and journal entries, and the distinctions among bookkeeping, accounting, and accountancy, with assets, liabilities, and profit concepts.
Explore the accounting equation, showing how assets balance with liabilities and capital, and analyze transactions using assets, liabilities, and capital on the balance sheet.
Master the rules of debit and credit through double-entry accounting, recording transactions with assets, liabilities, capital, revenue, and expenses via journal entries.
Learn how journal entries record transactions using debits and credits, based on source documents, then post to the ledger to produce a trial balance.
Explore the ledger as the principal record of all transactions, perform posting from journal entries, and reconcile debits and credits to produce a trial balance and financial statements.
Learn how the cash book records cash and bank transactions as the prime entry book, with petty cash, purchases, and sales ledgers, including GST considerations.
This course will provide you the knowledge of accounting:
As you all know this subject is the primary subject of this stream because of which I have tried my best to teach you this subject with full reasons and examples. Study this subject with full consciousness and calculation because this subject needs the very basics of accounts to understand it properly.
Basic definitions of accounting
Why we need accounts in accounting
Passing a journal entries
Posting in ledger accounts
Cashbook and other subsidiary books
Practice question for better understanding
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Queries session at mail or Q/A section here
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