Search results “Four basic principles of accounting”
Accounting Concepts and Principles: Accounting Basics and Fundamentals
This lesson will teach you 7 Accounting Concepts and Principles that underly all accounting studies and practice. To add relevance, reliability and comparability throughout the behaviour of all accountants globally, accountants follow these 7 accounting concepts in all their activities. This lesson should be the first topic you study in your Introduction to Accounting knowledge journey as it lays the fundamentals for all future accounting study. You will learn about: * The Entity Concept 2:07 * The Accounting Period Concept 5:08 * The Cost Principle 8:02 * The Matching Concept 11:34 * The Profit Recognition Principle 13:49 * The Conservatism Principle 16:50 * The Going Concern Principle 20:15 Each concept is explained both with the theory and an example or two. If you apply all these concepts & principles throughout your activity as a student, bookkeeper or accountant then you will be a successful accounting professional. So whether you are a accounting student, bookkeeper or MBA candidate with a finance subject, you should find value in this lesson. You can also get in touch anytime if you need any further help or clarification beyond the lesson. Just check out the contact details in our YouTube Channel. --------------------- Thumbnail Portrait: Photo by Bruce Mars from Pexels --------------------- This video was brought to you by AccoFina. Subscribe to the Channel: https://goo.gl/84Sfeg Or just check out the Channel Page: https://goo.gl/yTj9Bs Here’s AccoFina’s Most Popular YouTube Video: https://goo.gl/Jbv685 And here’s AccoFina’s Latest YouTube Upload: https://goo.gl/wDM83Y AccoFina Website, Product Pages and Social Networking: 1) Website (includes Free Spreadsheets, Free Books and Free Calculators) http://www.accofina.com 2) Amazon Author Page: http://www.amazon.com/author/axeltracy 3) Udemy Instructor Page https://www.udemy.com/u/axeltracy/ 4) Facebook http://www.facebook.com/accofinaDotCom 5) Twitter http://www.twitter.com/accofina 6) Google+ http://plus.google.com/+accofina
Views: 147040 AccoFina
Become an Accountant : Basic Accounting Principles
There are four basic accounting principles which include historical cost, realization, matching and full disclosure. Discover how each principle works in the field of accounting, like how historical cost is recording items at what they are paid for, with insight from a certified public account in this free video on accounting. Expert: Shanis Windland Bio: Shanis Windland has a Bachelors of Science degree in accounting from Central Washington University. She is a certified public accountant licensed in the state of Washington. Filmmaker: Jay Windland
Views: 30295 expertvillage
1 - The Four Core Financial Statements
An overview of the four core financial statements, to accompany http://www.principlesofaccounting.com Chapter 1, Welcome to the World of Accounting *Check out the Classroom page to find out how to take this course for credit: http://www.principlesofaccounting.com/classroom.html
Views: 110415 Larry Walther
Learn Accounting in 1 HOUR  First Lesson: Debits and Credits
The ultimate video for new accounting students to learn basic accounting principles and accounting mechanics. This video assumes you know NOTHING and by the end of it, has you reading fortune 500 company financial statements. Learn more and become student at EF University for FREE - http://executivefinance.teachable.com/ Like us Facebook- https://www.facebook.com/exfinance/ Linkedin- https://www.linkedin.com/company/executive-finance Twitter- https://twitter.com/exfinance
Views: 1171066 Executive Finance
The Basics of Accounting
http://www.mysimpleaccounting.com explains the four basic accounting principles that make up the generally accepted accounting principles.
Views: 564 simpleaccount1
Principles of Accounting - Lecture 01a
Principles of Accounting; deifition; identify; record; communicate; organization, interested users; financial statements; stakeholders; internal users; external users; management; human resources; finance; customers; SEC; creditors; labor unions; investors; pay raise; dividend; ethics; financial scandals; Sarbanes-Oxley; balance sheet; income statement; GAAP; FASB; IASB; cost principle; historical cost; purchase price; verifiability; fair value;
Views: 369285 Krassimir Petrov
Accounting for Beginners #1 / Debits and Credits / Assets = Liabilities + Equity
https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! This is a great Accounting tutorial for the Basics of Accounting for beginners. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners. Help Support the channel by using one of my links. The Amazon link is my favorite, it is the same experience and same price for you, and i get a small kickback for purchasing goods from my amazon link. THANK YOU FOR YOUR SUPPORT. Amazon Affiliate Link: https://amzn.to/2MS2OMg CHANNEL OPTIMIZATION https://www.tubebuddy.com/CPASTRENGTH NEED PAYROLL FOR YOUR COMPANY https://gusto.com/r/SAtdL Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101 Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics #Accounting #Exercise #CPA #Accounting #Exercise #CPA
Views: 1649808 CPA Strength
What Are The Basic Principles Of Accounting?
Accounting concepts, principles and basic terms accounting concepts explained. Companies must file regular basic accounting principleswe have studied economic activities which been converted into business. The fundamental principles of accounting video & lesson what are the basic accounting? Quora. Basic accounting principles and concepts. All of the concepts and standards in gaap can be traced back to underlying accounting principles. Basic accounting principles everybody should knowprinciples or rules of debit and credit. Basic accounting principles and guidelinesmonetary unit assumptioncost principlegoing concern principlerevenue recognition principle 15 may 2017 the best known of these are as follows accrual principlecost principlefull disclosure principlematching rests on a rather small set fundamental assumptions. Understanding the basic principles of accounting dummies. Basic accounting principles and guidelines 5 important of modern 12 basic & procedures i gaap. Thus, every the principles or rules of debit and credit that form basis for double entry system they are as fundamental to accounting addition ( ) subtraction 24 sep 2015 origins gaap generally accepted go all way there ten basic make up these standards building blocks. Accountingcoach accountingcoach accounting principles explanation url? Q webcache. The ten generally accepted accounting principles ( gaap) invensis. People often refer to these fundamentals as generally accepted accounting golden rules of convert complex book keeping into a set well defined following are the basic fundamental principles article discusses financial common is remain listed on many major stock exchanges in u. Golden rules of accounting 3 main principles. Fundamental principles of accounting management study guidebasic nios. Accounting principles, concepts, assumptions, and constraints. Accounting is the language of business. While there is no definitive list of accounting principles, these principles are generally accepted practices accounting, which five basic form the foundation modern 14 aug 2012 learn and procedures according to general gaap an art, but just as with any you need right tools make your masterpiece. In business 3 jan 2012 in this article, you will learn and familiarize yourself with the accounting principles concepts relevant performing basics of definition, principles, objectives, terms & like single double entry bookkeeping, general ledger, journal entries follows a certain framework core which are building blocks more specialized set called gaap basic guidelines has been created for accountants to follow. Accounting principles explanation basic accounting accountingtools. Accounting principles explanation. Googleusercontent search. For accounting, those tools are the seven major basic account adding to quora user's excellent summary detailing assumptions, principles and conventions that used in 3 apr 2014 if you doing business, then need know accounting by heart.
Views: 85 tell sparky
4 - The Accounting Cycle and Closing Process
An overview of the accounting cycle and closing process, to accompany http://www.principlesofaccounting.com Chapter 4, The Reporting Cycle *Check out the Classroom page to find out how to take this course for credit: http://www.principlesofaccounting.com/classroom.html
Views: 102730 Larry Walther
basic concept of accounting by Santosh kumar (CA/CMA)
This is only a demo class. classes are available for CA/CMA/CS/B.COM( All universities), 11th, 12th. My all classes are available in Returnable Pen drive mode. YOU can also buy my classes on per chapter basis at conceptonlineclasses.com. for any query, please contact us on 8448322142
Views: 422812 santosh kumar
Basic Accounting Principles
This video discusses Generally Accepted Accounting Principles (GAAP).
Views: 24073 JBS CLASSES
Accounting Basic Principles
Learn about accounting basics, accounting principles, basic payroll principles and payroll accounting software. http://www.christianet.com/accounting/
Views: 3932 ChristiaNet, Inc.
Basic Accounting Terms lecture 4 by santosh kumar (CA/CMA)
For Full Lecture log on to our Website www.conceptonlineclasses.com This is only a demo class. classes are available for CA/CMA/CS/B.COM( All universities), 11th, 12th. My all classes are available in Returnable Pen drive mode. for any query, please contact or msg us on 8448322142. you can also buy my full lectures at my Website http://conceptonlineclasses.com
Views: 41862 santosh kumar
Accounting 1: Program #2 - "Basic Accounting Concepts"
Accounting 1 Program #2 Chapter 1 "Basic Accounting Concepts" [email protected]
Views: 750615 JCCCvideo
Lecture 1-Basic Accounting Concepts
Basic Accounting Concepts lecture for Financial Accounting by Rob Smolin
Views: 3184 AccountingBytes
Understand Golden Rules of Accounting by a 17 year old Commerce Student
Follow me on Facebook - https://www.facebook.com/Studywithlavish Golden rules of Accounting, personal Account, Real account, Journal entries, Nominal account, commerce, accounts, accounting, B.com, BBA, how to record journal entries, Golden rules of accounting in english, golden rules of accounting with examples, Golden rules of accounting in hindi
Views: 225991 Lavish Gupta
Accounting Equation - Ch. 1 Video 1
Accounting Principles - The Accounting Equation
Views: 388268 mattfisher64
Accounting Basics Lecture 1
Ist video for the students whom we can't teach because of geographical barriers and time constraints. Thank you for your support.
Views: 114252 LBD
Accounting Principles | Entity | Going Concern Concept | GAAP | LetsTute Accountancy
Check out our new video on Accounting Principles | Entity | Going Concern Concept | GAAP This video explains the need for accounting principles / GAAP & what is the entity and going concern concept with an example. We have attached a PDF where one can get a quick glance of the whole chapter in few minutes. You will understand need and importance of all the accounting principles and conventions. Also, entity concept, going concern concept, money measurement, cost principle, revenue recognition, objective evidence, dual aspect, matching principle, accrual concept, materiality, consistency, conservatism, full disclosure, etc explained in detail. There are objective type questions on accounting principles and conventions. Link:- https://goo.gl/p17wRU Buy entire course on 11th accountancy: https://goo.gl/c7Gq3m https://goo.gl/32UXPp Subscribe Us For More Updates: Link : https://goo.gl/pH6rtu Website : http://www.letstute.com/ To Get Regular Content Updates- Like Us On Facebook : https://www.facebook.com/letstutepage Follow Us On Twitter : https://twitter.com/letstute Add Us On Google+ for updates on our upcoming Videos https://plus.google.com/+Letstute Email us @ [email protected] WhatsApp your Queries on +91 7506363600 Visit our other channels LetsTute - Math / Sciecne / EVS http://bit.ly/1Q85cNP LetsTute Cbse Math https://goo.gl/kMGY4X LetsTute in Hindi https://www.youtube.com/channel/UCz17OJWV27c5FZKKBlLDXEw? Values to Lead (Value Education) http://bit.ly/1poLX8j
Views: 77450 Letstute Accountancy
Basic Accounting Terms – 1 of 4 | StayLearning |CBSE Class 11 | (HINDI | हिंदी)
In this Video we would enable to understand in Easy Concepts – 1) Business Transactions 2) Capital 3) Drawing 4) Liabilities (Current and Non Current Liabilities) 5) Assets (Current and Non Current Assets) 6) Account 7) Capital Receipts 8) Revenue Receipts 9) Capital Expenditure 10) Revenue Expenditure 11) Expense 12) Income 13) Profit 14) Gains 15) Losses 16) Purchase 17) Purchase Returns 18) Sales 19) Sales Returns 20) Goods 21) Stock or Inventory 22) Trade Receivables (Debtors and Bills Receivables) 23) Trade Payables (Creditors and Bills Payables) 24) Cost 25) Vouchers 26) Discount (Trade and Cash) 27) Books of Accounts 28) Entry 29) Debit 30) Credit 31) Proprietor 32) Depreciation 33) Cost of Goods Sold 34) Bad Debts 35) Insolvent 36) Solvent 37) Balance Sheet 38) Book Value Buy Now Complete Video Lectures - http://vijayadarsh.com/Accountancy-XI.html Buy Now Handwritten Notes - http://vijayadarsh.com/Accountancy-XII.html Website: http://www.vijayadarsh.com E-mail: [email protected] Join us on Facebook: https://www.facebook.com/VijayAdarshIndia Join us on Google+: https://plus.google.com/u/0/+VIJAYADARSH Contact: +91 9268373738 (Buy Now all Video Lectures) About Vijay Adarsh: Vijay Adarsh (CEO and Director of StayLearning) is a Successful Teacher and Famous Coach. He is the most enthusiastic, dynamic, informative and result oriented coach. He is a commerce graduate from Delhi University. After completing B.com (Hons), he completed his post-graduation and now pursuing PhD. He started teaching students of and motivating people at the age of 17 and possesses a vast experience of teaching more than 45,000 hrs. He has simplified subjects and made it very interesting, Learning with Fun and Easy for the students. His easy class notes, beautiful animated & graphic presentations are popular among the students. He is popular among the student community for possessing the excellent ability to communicate the concepts in analytical and graphical way. He has conducted many seminars & workshops on various topics for Students, Teachers, Schools, Businessman, Housewife, Income Tax Offices, Doctors, CA's and Corporate Houses. He is also the author of several Books, e-Books, Motivational Articles & Stories Books and Launched many Audio & Video Programs. About Video Lectures: Video Lectures for Accountancy by Vijay Adarsh evolved as utility services for our own students. We had thought that recorded lecture would be an excellent reinforcement tool for the students and it proved to be exactly that. We have video lectures for Class 11th, 12th, B.Com (H/P), M.Com, MBA examination. These are our classroom lectures which form a very good source of study material. Now we also have special set of video lectures which are specially prepared to suit the need for the board students. The Lectures Covers in full depth, the description of all the involved concepts. Studying through lectures largely reduces the need of individual tuition. Lectures can be use at a pace which suits us. Students can pause and rewind the lectures according to their need. Complete practice tests and solutions of every topic would also be provided. Website: http://www.vijayadarsh.com Join us on Facebook: https://www.facebook.com/VijayAdarshIndia Join us on Google+: https://plus.google.com/u/0/+VIJAYADARSH E-mail: [email protected] Contact: +91 9268373738 (Buy Now all Video Lectures)
Views: 378313 StayLearning
basic fundamentals accounting concepts and conventions class 11  cs foundation ca foundation cma
Views: 69196 Mayank Gour
Basic Accounting: IFRS Financial Reporting Principles
Watch 1000s of finance videos for free and advance your career. https://bluebookacademy.com
Views: 2457 BlueBookAcademy.com
Global Management Accounting Principles
The Global Management Accounting Principles provide a consistent approach for management accountants in their key role helping organisations make higher quality decisions that drive long-term success. They were developed in consultation with CEOs, CFOs, academics, government bodies, regulators and other professionals in 20 countries across 5 continents. To learn more and download a diagnostic checklist for your organisation, visit http://www.cgma.org/principles.
Views: 34373 CGMA
Basic Accounting : About Basic Accounting Principles
One basic accounting principle is referred to as historical costs, which is the cost at which transactions are recorded. Learn about accrual accounting, in which cash is not relied upon to trigger an accounting event, with help from a certified public accountant in this free video on basic accounting. Expert: Miranda Chook Bio: Miranda Chook is a CPA with expertise in international operations. Filmmaker: Bing Hugh
Views: 13324 eHow
Views: 105 ANKIT WALIA
Basic Accounting Principles
Training on basic Accounting Principles at PACE gurus by Vamsidhar Ambatipudi. More details contact [email protected] or call at +91 98480 12123
Basic Terms & Principles of Accounting
This video Cover the Following Topics:- 1) Theory Base of Accounting Include:- Business Transactions Entity Transactions Assets & Liabilities Trade Receivables : Debtors + Bills Receivables & Trade Payable : Creditors + Bills Payable Balance Sheet, Purchases,Expense,Expenditure,Profit & Gain, Loss ,Discount,Goods, Drawing, Stock ,Balance Sheet : ( Tangible & Intangible Assets ), Capital expenditure & Revenue expenditure 2) Accounting Principles & Conventions : Business Entity Concept, Dual Aspect Concept , Accounting Period Concept , Going Concern Concept, Cost Concept , Money Measurement Concept, Matching Concept , Accounting Equivalence Concept, Realization Concept , Objective Evidence Concept or Verifiable Objective Concept , Materiality , Full Disclosure , Consistency , Conservatism or Prudence.
Views: 132 Prince Aggarwal
Accounting Terms and Accounting Principles - Financial Accounting video
Accounting Terms and Accounting Principles - Financial Accounting video introduces the foundational terminology necessary in accounting and business. Accounting Terms and Accounting Principles introduces the distinction between financial accounting and managerial accounting. Accounting Terms and Accounting Principles briefly introduces accounting concepts, accounting terms and accounting principles with examples. Accounting lecture notes: http://theaccountingdr.blogspot.com/p/lecture-notes.html -- Accounting Terms and Accounting Principles video by TheAccountingDr at http://youtu.be/PDDGzBZlqy0 Find this video with complete transcript of lecture notes at http://theaccountingdr.hubpages.com/hub/Accounting-Equation Other videos in this series: Part 2 - The Accounting Equation Part 3 - The Revenue Recognition and Matching Principles Part 4 - The Financial Statements -- Thank you all for your wonderful support. Because of your support we have been able to reach and help numerous accounting students. Please continue to be a part of our mission to help other accounting students be successful by giving our videos thumbs up and adding our videos to your favorites. -- For more accounting/how to eLectures (and accompanying lecture notes), blog, FAQs and eBooks visit www.TheAccountingDr.com Please note that videos may require Flash media and may not play on devices without Flash capabilities (i.e. iPad) - If the video doesn't play on YouTube you can view it at www.TheAccountingDr.com
Basic concepts of accounting (தமிழ்)
Did you liked this video lecture? Then please check out the complete course related to this lecture, available at discounted (only 640/-) price with life time validity and certificate of completion. https://www.udemy.com/accounting-in-tamil/?couponCode=YTBABT26 Welcome to this course Basics of Accounting (தமிழ் மொழியில் கணக்கியல் அடிப்படைகள்) This course starts from “What is Accounting”, “Need for Accounting” to various Practical aspects in Accounting. It's just a beginning and more lectures will be added in the coming days. Enjoy lectures for each and every concept in accounting presented in casual language (as we speak tamil at home) and excel based presentation followed by Solved Case Studies Video. New videos will be added over next three months. In this course, you will learn Fundamentals of Accounting, step by step covering the following: Section 1: Introduction to Accounting; Section 2: Book Keeping; Section 3: Accounting – Objectives and Process; Section 4: Accountancy, Accounting and Book Keeping; Section 5: Technical Terms in Accounting Another 22 sections will be added in due course. Course description will be updated as when lectures are added. This course is structured in self paced learning style. Video lectures are used for delivering the course content. Take this course to create strong foundation in fundamentals of accountancy.
Accounting Basics 4- Liabilities
Financial Accounting ACG2021 Spring 2008 Chapter 1 Crosson SFCC
Views: 183295 SusanCrosson
Basic Concept of Accounting Urdu/Hindi
This video Explain you fundamental facts and steps of Accounting in simple way urdu/Hindi.
Views: 17911 Tutorialism
4. Basic Accounting Terms
By Gopal Kumar Mob No :- 9334572941
Work sheet (Lecture-2) Basic Accounting. Bangla Tutorial.
Work sheet (Lecture-2) Basic Accounting. Bangla Tutorial. Financial Account or Principles of Accounting for BBA, BBS, MBA & MBS. How to prepare a work sheet. Procedure prepared in the formulas. In this video I have discussed the details of the accounting Work sheet chapter in detail. And have shown a work example. Those who are studying with BBA, BBS, MBS are very useful for them. This video is contributed by Md Mostafizur Rahman. Lecturer Govt. Janata College, Please Like, Comment and Share the Video among your friends and family members For latest updates subscribe My channel . ........................................................................................... Financial Accounting. Work sheet BBS Hon’s NU-2005 The following particulars are extracted from the books of summon traders relating to the year ended December 31, 2004. Summon traders Trail balance 31-12-2004. Accounts titles Debit tk Credits tk Cash Accounts receivable Prepaid insurance Supplies on hand Salaries expenses Office equipment Accumulated dep. office equipment Accounts payable Simon’s capital Simon’s drawings Service revenue. Advertising expenses Rent expenses Miscellaneous expenses 4,00,000 2,20,000 1,80,000 1,20,000 4,80,000 4,00,000 1,60,000 80,000 1,80,000 80,000 40,000 60,000 8,00,000 14,00,000 Total= 23,00,000 23,00,000 Additional information: 1. The balance in the prepaid insurance account represents the best of five years policy from 1st January, 2004 through December 31, 2008. 2. Salaries payable is Tk.20, 000. 3. Depreciation on the office equipment tk.30, 000 for the year. 4. Supplies on hand on 31st December, 2004 tk.30, 000. Required: you are required to prepare a 10-column worksheet for the year ended December 31, 2004. Summon traders work sheet 31-12-2004. Accounts title Trail balance adjusting Adjusting trail balance Income statement Balance sheet dr cr dr cr dr cr dr cr dr cr Cash 4,00,000 400000 400000 Accounts receivable 2,20,000 220000 2200000 Prepaid insurance 1,80,000 36000 144000 144000 Supplies on hand 1,20,000 90000 30000 30000 Salaries expenses 4,80,000 20000 500000 500000 Office equipment 4,00,000 400000 400000 Accumulated dep. office equipment 40,000 30000 70000 70000 Accounts payable 60,000 60000 60000 Simon’s capital 8,00,000 800000 800000 Simon’s drawings 1,60,000 160000 160000 Service revenue. 14,00,000 1400000 1400000 Advertising expenses 80,000 80000 80000 Rent expenses 1,80,000 180000 180000 Miscellaneous expenses 80,000 80000 80000 total 23,00,000 23,00,000 Insurance exp 36000 36000 36000 Salaries payable 20000 20000 20000 Depreciation exp 30000 30000 30000 Supplies exp 90000 90000 90000 Net income 404000 404000 176000 176000 2350000 2350000 1400000 1400000 1354000 1354000 ................................................................................................... You can see my other videos... Work sheet (Lecture-1) Basic Accounting. Bangla Tutorial. https://www.youtube.com/watch?v=QFzByJ0-7Zs&t=28s Accounting Equation Part-2 (FINANCIAL ACCOUNTING) BANGLA Tutorial https://www.youtube.com/watch?v=KhSHVAfJltk leverage Part-1 Financial Management. https://www.youtube.com/watch?v=TyLkPSh6QYg&t=279s Set (সেট) Business Application, Lecturer-1 [ Business Mathematics] https://www.youtube.com/watch?v=2dJkGTBD2QU Set Lecture-6 (Business Mathematics video lecture) https://www.youtube.com/watch?v=SopNALRY9NA Ven Diagtam [ Business Mathematics] https://www.youtube.com/watch?v=gZ213JYi2y0 Time Series Part-1 (Business Statistics) https://www.youtube.com/watch?v=f1wwjs9E_j8 Correlation Part-1 (BUSINESS STATISTICS.) BANGLE. https://www.youtube.com/watch?v=rCenctVfwPM https://www.youtube.com/watch?v=nkRdlZv5BBM&t=59s https://www.youtube.com/watch?v=I1-lPzjfY2A&t=382s https://www.youtube.com/watch?v=xPn5uO2N35Y https://www.youtube.com/watch?v=iBAUzjJLE9Q&t=47s
Views: 1794 Online Education BD
Basic Accounting Procedures Final
Join my Whatsapp Broadcast / Group to receive daily lectures on similar topics through this Whatsapp direct link https://wa.me/917736022001 by simply messaging YOUTUBE LECTURES Did you liked this video lecture? Then please check out the complete course related to this lecture, ACCOUNTING BASICS A COMPLETE STUDY with 300+ Lectures, 28+ hours content available at discounted price (10% off)with life time validity and certificate of completion. Enrollment Link For Students Outside India: https://bit.ly/2wgezFU Enrollment Link For Students From India: https://www.instamojo.com/caraja/accounting-basics-a-complete-study/?discount=inytabas9 Our website link : https://www.carajaclasses.com ---------------------------------------------------------------------------------------------------------------- Welcome to one of the comprehensive ever course on Accounting Basics. This course starts from “What is Accounting”, “Need for Accounting” to various Practical aspects in Accounting. Enjoy lectures for each and every concept in accounting presented in digital hand written format followed by Solved Case Studies Video. New videos are being added at frequent intervals and this course will be the longest one in Accounting soon. ---------------------------------------------------------------------------------------------------------------- Welcome to Accounting Basics - A Complete Study Course! This is one of the comprehensive course in Fundamentals of Accounting covering theory as well as practice. In this course, you will learn Fundamentals of Accounting, step by step covering the following: Section 1: a) Introduction to Accounting; b) Book Keeping; c) Accounting – Objectives and Process; d) Accounting Cycle; e) Accountancy, Accounting and Book Keeping; f) Users of Accounting Information; g) Branches of Accounting; h) Basic Accounting Terms; i) Basic Assumptions in Accounting; j) Basic Concepts in Accounting; k) Modifying Principles of Accounting; l) Accounting Standards; Section 2: m) Double Entry System in Accounting; n) Accounting Equation; o) Golden Rules of Accounting; Section 3: p) Source Documents; q) Cash Memo; r) Invoice; s) Receipt; t) Debit Note; u) Credit Note; v) Pay in Slip; w) Cheque; x) Vouchers; Section 4: y) Books of Original Entry; z) Journal and Format aa) Steps in Journalising; bb) Journal Illustrations; cc) Compound Journal Entry; Section 5: dd) Ledger; ee) Utility of Ledger; ff) Format of Ledger; gg) Posting; hh) Procedure for Posting; ii) Posting of Compound Journal Entry; jj) Posting the Opening Entry; kk) Balancing an Account; ll) Significance of Balancing; mm) Balancing of Different Accounts; nn) Procedure for Balancing; Section 6 - covering Trial Balance and Final Accounts. This course is structured in self paced learning style. Video lectures are used for delivering the course content. Take this course to create strong foundation in fundamentals of accountancy. • Category: Business What's in the Course? 1. Over 206 lectures and 20 hours of content! 2. Understand need and importance of Accounting 3. Understand Book Keeping, Objectives and Advantages 4. Understand Accounting Process, Accounting Cycle, 5. Understand Users of Accounting Information 6. Understand Branches of Accounting 7. Understand Basic Accounting Terms 8. Understand Accounting Assumptions, Concepts and Principles 9. Understand Rules of Accounting 10. Understand Journal, Ledger, Trial Balance and Final Accounts Preparation Course Requirements: 1. No basic knowledge is required 2. Students can approach this course with fresh mind Who Should Attend? 1. Any one interested in Learning Accountancy 2. Accounting / Finance / Science Students 3. Entrepreneurs
Journal Entry for [24 Transactions] Simple explanations :-by kauserwise
▓▓▓▓░░░░───CONTRIBUTION ───░░░▓▓▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 * Paypal a/c : www.paypal.me/kauserwisetutorial [Every contribution is helpful] Thanks & All the Best!!! ─────────────────────────── Here is the video about Journal entries for 24 Transactions, with this we discussed 3 Golden Rules, what is Real Account, Personal account and Nominal account, hope this will help you to get the subject knowledge at the end. Thanks and All the best. To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
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Basic Accounts in tamil
For classes Contact : Madhi Academy Chennai -600012 www.madhiacademy.com To Join E-Learning Course or Direct classes contact 7708941960 / 73388 73288 In this Video I explain about Basic accounts in tamil. ca ipcc coaching classes, ca cpt coaching classes For more information & Classes Contact :7708941960 / 73388 73288 - Chennai
Views: 186779 Madhi Academy Tamil
I.Com Part 1 Accounting,ch 10,lec 1,Basic of Final Account-Inter Part 1 Chapter 10
In this online lecture, Sir Syed Yasir Nisar explains Principles of Accounting Chapter 10 Simple Final Accounts.The topic being discussed is Topic Basic of Final Account. punjab text book board/Sindh text book board/KPK text book board I.Com Part 1 book 1 lecture is conducted in Urdu/hindi/English. This lecture for Commerce Students 11th class for Principles of Accounting chapter 10 is created for all students who want to prepare this topic in detail. For more videos of Syed Yasir Nisar visit https://www.ilmkidunya.com/study/11th-class-principles-of-accounting/simple-final-accounts.aspx If you have any questions about this lecture on Principles of Accounting i.com part 1 ch 10, you can go to https://www.instutor.com/11th-class/principles-of-accounting/simple-final-accounts
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Lec 4. Basic Terms of Accounting | Accounting Terminologies Explained | Part - II
Financial Accounting; (Accountancy); Accounting for Managers: Management Studies: Lec 4. Basic Terms of Accounting | Accounting Terminologies Explained | Part-II Assets 00:00:00- 00:04:43 *What are assets? *How to express assets? *An example for the use and operations of asset *Two types of assets i) Fixed Assets *What are fixed assets? ii) Current Assets *What are current assets? *How to differentiate fixed and current assets? Liabilities 00:04:44- 00:07:31 *What are liabilities? *The representation of debt and liability in the balance sheet of firms? *Two types of liabilities i) Long term Liability *What are long term liabilities? ii) Short term Liability *What are short term liabilities? Capital 00:07:32- 00:08:15 *What is capital? *How is capital represented in the balance sheet? Sales 00:08:16- 00:08:45 *What are sales? *What are the features of sales? Revenue 00:08:46- 00:09:29 *What is revenue? *What are different forms of revenue? Expenses 00:09:30- 00:10:24 *What are expenses? *How is expense measured? Expenditure 00:10:25- 00:12:05 *What is expenditure? *What functions come under expenditure? *What is revenue expenditure? *What is capital expenditure? Profit 00:12:06- 00:12:34 *What is profit? *What are the features of profit? Gain 00:12:35- 00:13:02 *What is a gain? Loss 00:13:03- 00:13:32 *What are losses? Discount 00:13:33- 00:15:09 *What is discount? *Two types of discounts i) Cash ii)Trade Drawings 00:15:10- 00:15:47 What are drawings? What are the implications of drawings? Video by Edupedia World (www.edupediaworld.com), Free Online Education; Click here https://www.youtube.com/playlist?list=PLJumA3phskPFd2zAzEaQQv0WPPT0DnpRz for more videos on Accountancy; All Rights Reserved.
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