Basic Accounting and finalisation

Accounting is both a science and art. The students/learners should understand the basic terms, principles and assumption underlying the accounting. As an art one should be able to apply knowledge gained from the accounting principles and its terms in such a way that the impact of the transactions should be able to analyze and use it for the benefit of the organization.

In this session, maximum care is taken to explain the accounting terms in simple language to make the

Beginners understand the same easily. The theory has been explained in details and illustrations have been provided wherever it is necessary to understand the concept in detail.

The important books of accounts and journal have been provided and examples given.

Each session has been developed in such a way that the next session will be the continuity of the previous one so that the understanding of each concept will be easy.

A look at the sessions is given below

1. Learn what is book keeping, accountancy and accounting

2. Understand the characteristics of accounting

3. Objectives of accounting

4. Branches and Accounting Terms-Income/Expense/Assets/Liabilities etc

5. Debit credit rules explained in simple ways

6. Depreciation definition, classification

7. Prepare ledger accounts, rectify the entries and go for the final accounts

8. Trial Balance, Profit & Loss account and Balance sheet preparation make you to be an accounting expert

In case you have any doubt on any of the chapters, you are welcome to contact me through email and the same will be clarified

within the shortest time.