
Explore the meaning of business, define assets and liabilities, and explain how transactions lead to balances, a balance sheet, and financial statements.
Discover the objectives of accounting and how it helps track assets, income, expenses, and cash through financial statements, guiding business decisions and compliance.
Learn fundamental accounting principles, including the distinction between business and personal cash, the dual aspect of transactions, and how assets, liabilities, and equity drive net profit.
Explore the fundamentals of accounting assumptions through real-world business structures—from private partnerships to public companies—and learn how cash and non-cash expenses, consistency, and disclosure shape net loss calculations.
Identify the limitations of accounting, from definitional choices to measurement constraints, and show how monetary concerns influence business decisions.
Understand how debits and credits affect assets, liabilities, and capital through journal entries, focusing on assets and liquidity, cash flows, income, expenses, and dividends in both US and Indian approaches.
Explore the fundamentals of ledgers and journals, learn how transactions create journal entries and accounts, and see how automation with accounting software streamlines posting and data management.
Discover the four main objectives of making ledgers, including assessing the financial position and performance, ensuring balanced debit and credit, and classifying accounts for the balance sheet.
Learn how to post accounting entries from the journal to the ledger using basic debit and credit rules, following simple posting guidelines to ensure accurate account balances.
Learn how to post compound journal entries, manage cash and bank accounts, and record multi-step transactions across two sides in accounting from scratch.
Master posting opening journal entries by recording opening assets and liabilities, debiting and crediting accounts, and establishing correct opening balances for the new financial year.
Prepare a trial balance from a list of account balances, balance debits and credits, and detect mathematical mistakes to ensure accuracy.
Analyze final accounts from a trial balance, apply adjustments for doubtful debts and discount on debtors, and prepare the trading account, profit and loss, and balance sheet.
Welcome to My "Learn Accounting from Scratch". If you are not from commerce background or from commerce background. This online course surely helps you to understand the concepts of accounting. This video and written lectures have not been created within one day. There is big day and night hard work behind this for creating this up-to date online course of this subject. As educator, I faced lots of problems regarding the concepts of this subject. So, I tried to simplify each concept. Whether you are from engineering side or from science side or from commerce side, it will make you capable as perfect in accounting.
We have taught this course step by step. We kept first thing first for your accounting learning. You will learn first debit and credit, then you will learn journal and then you will learn trial balance and then you will learn to make financial statement of your business.
This will provide you the ability to become accountant. Even you will not become the accountant, you can easily learn accounts of any business where you are doing job. Knowledge is power. Your decision making will better if you know your skills and also plus accounting skills.