Title

Accounting for Sole Proprietor without Debit Credit

Accounting for Sole Proprietor and Single Entry /Imperfect Accounting without Debit Credit

3.50 (1 reviews)
Udemy
platform
English
language
Accounting & Bookkeeping
category
Accounting for Sole Proprietor without Debit Credit
240
students
1.5 hours
content
Feb 2023
last update
$19.99
regular price

What you will learn

How to Prepare Profit and Loss Account and Balance Sheet of Sole Proprietor without Debit Credit

How to make use of Trial Balance to prepare financials without Debit Credit

Various Adjustments like Interest on Drawings, Interest on Capital,R.D.D. etc.

2 years profit and loss and balance sheet for better understanding of how to prepare financials

Why take this course?


Mastering Accounting for Sole Proprietors with Ease: A No-Fuss Guide to Single Entry Bookkeeping! 🌟

Course Description:

Are you a solo entrepreneur, a small business owner, or aspiring to understand the financial workings of your own business? Look no further! "Accounting for Sole Proprietor and Single Entry / Imperfect Accounting without Debit Credit" is designed specifically for individuals like you. This course, led by the esteemed CA Nilesh Phadke, will demystify the world of accounting for sole proprietors who operate without the complexity of double-entry bookkeeping.


Why Enroll in This Course?

🏡 For Sole Proprietors: Whether you're a grocery shop owner, a fruit vendor, an artist, or a writer, this course will help you:

  • Determine the profitability of your business with ease.
  • Prepare a comprehensive Profit and Loss Account (P&L).
  • Understand and report the assets and liabilities at a specific date through a Balance Sheet.

💰 Understanding Financial Statements:

  • Profit and Loss Account: Learn how to record all transactions that occurred within a specific period, from daily sales to operational expenses, and calculate your profits or losses for that period.

  • Balance Sheet: Gain insights into the financial health of your business by understanding the balances since its inception, including cash on hand, accumulated profits, investments, loans, capital, and payables.

📚 Simplified Learning: This course steers clear of complex Debit Credit concepts, making accounting accessible for everyone. You'll learn how to navigate the single entry system, also known as imperfect accounts, which is perfect for small business owners who need straightforward financial tracking.


Course Highlights:

  • Trial Balance Mastery: Learn how to maintain a trial balance and record each item accurately in your P&L and Balance Sheet.

  • Single Entry System Explained: Discover how to manage your business's financial transactions effectively with the single entry system.

  • Real-World Application: Apply what you learn to real-world scenarios, ensuring you can confidently manage your own business's accounts.


What You Will Learn:

  • Preparing a Profit and Loss Account under the Single Entry System.
  • Preparing a Balance Sheet for a sole proprietorship.
  • Understanding the nuances of the trial balance and its significance in accounting.
  • Managing your business finances without the need for Debit Credit knowledge.

About Your Instructor:

CA Nilesh Phadke is not just an experienced chartered accountant; he's a seasoned educator with a passion for simplifying complex financial concepts. His expertise in accounting for sole proprietors, especially within the context of single entry bookkeeping, makes him the perfect guide for your accounting journey.


Join Us Today! 📅

Take the first step towards financial literacy and business management. Enroll in "Accounting for Sole Proprietor and Single Entry / Imperfect Accounting without Debit Credit" and gain the skills you need to navigate your business's financial landscape with confidence. Let's embark on this accounting adventure together! 🚀


Enroll now and transform the way you manage your business finances. With CA Nilesh Phadke's expertise, you'll be equipped with the knowledge to keep your sole proprietorship's accounts in tip-top shape, without getting bogged down by Debit Credit complexities! 📈💼✨

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Related Topics

5034268
udemy ID
21/12/2022
course created date
04/04/2023
course indexed date
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