What You Will Learn!
- Meaning of Book keeping
- Subsidiary Book and Its Types
- Rules of Double Entry System : Traditional Approach and Modern Approach
- Types of Accounts : Personal Account, Real Account and Nominal Account
- Golden Rules of Debit & Credit or Traditional Approach or English Approach
- Meaning and Objects/Importance/Advantages of Journal
- Opening and Compound Journal entry
- Meaning of Ledger
- Closing and Balancing of Accounts
- Meaning of Trial Balance
- Accounting Errors
- Suspense Account
- Methods of Preparation of Trial Balance
- Financial Statement of Sole Proprietorship
- Introduction of Final Account
- Types of Capital & Revenue nature items
- Revenue Expenditure and Its Examples
- Revenue Receipt and Its Examples
- Capital Receipt and Its Examples
- Trading Account : Meaning of Trading Account and Format of Trading Account
- Profit & Loss Account : Meaning of Profit & Loss Account and Format of Profit & Loss Account
- Balance Sheet : Meaning of Balance Sheet and Format of Balance sheet Account
- Provision for Doubtful debts Or Provision for bad debts
- Some Practical Problems for Revision
Description
Meaning of Double Entry System
Characteristics of Double Entry System
Advantages of Double Entry System
What is Book keeping
Difference between book-keeping and accounting
Subsidiary Books
Rules of Double Entry System : Traditional Approach and Modern Approach
Types of Accounts :
1. Personal Account : A. Natural person B. Artificial person, C. Representative personal account
2. Real Account : A., Tangible Real Account, B. Intangible Real Account
3. Nominal Account
Golden Rules of Debit & Credit or Traditional Approach or English Approach
Meaning of Journal
Objects/Importance/Advantages of Journal
Compound Journal entry
Opening Entry
Meaning of Ledger
Closing and Balancing of Accounts
Meaning of Trial Balance
Accounting Errors
Suspense Account
Methods of Preparation of Trial Balance
Final Account / Financial Statement of Sole Proprietorship
Contents : Two statement include in final accounts .
(a) Trading and P/L Account
(b) Balance Sheet
1. Deep analysis of liquidity, solvency, profitability and efficiency
2. To known the profitability and financial position
3. Useful in decision making
4. Analysis of performance and situation
Introduction of Final Account
Types of Capital & Revenue nature items
Revenue Expenditure and Its Examples
Contents :
1. Routine expenses
2. Relation with production to sale of goods
3. Short term benefit
4. To maintain the assets but they do not increase the value of an asset.
5. Shown on the debit side of the trading and P/L Account.
6. Do not increase the profit earning capacity of the concern but simply maintain it.
Revenue Receipt and Its Examples
Capital Expenditure and Its Examples
Contents :
1. Relation with fixed asset
2. Not for sale
3. Long term benefit
4. Increase the value of assets
5. Increase the profit earing capacity of the business
6. Rare expenditure
7. Shown in the asset side of the balance sheet
Capital Receipt and Its Examples
Deferred Revenue Expenditure
Trading Account : Meaning of Trading Account and Format of Trading Account
Profit & Loss Account : Meaning of Profit & Loss Account and Format of Profit & Loss Account
Balance Sheet : Meaning of Balance Sheet and Format of Balance sheet Account
Provision for Doubtful debts Or Provision for bad debts
Some Practical Problems for Revision
Who Should Attend!
- Any Student who pursuing in B,com M,com BBA MBA 11th & 12th Commerce C.A. C.S. and C.M.A.
