Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
accounting.pptx
1. NDRK College Of Education
Hassan.
Subject: Social Science (Business studies)
Topic: Accounting in Business
Sub topic: Meaning and kinds of Accounts .
Presented by.
Nagendra
First BEd.
2. General objectives
To develop the interest about concept of business among
the pupil.
To enable pupil to apply the principles and functions of
business.
To generate and promote awareness about modern
techniques of maintain the records with the help of
computes.
3. Instructional objectives
Recalls the meaning of Accounting .(Knowledge)
Defines the concept of Accounting. (Understanding)
Lists out the kinds of Accounts. (Understanding)
7. Definition
American institute of
certified public accounts
(AICPA)
“ The art
of recording, classifying,
and summarizing in a
significant manner and in
terms of money,
transactions and
interpreting the result”.
Recording
Classifying
Summering
8. Kinds of accounts :
Accounts
Personal
account
Real
account
Nominal
account
9. 1. Personal accounts:
The ledger account which are maintained to
record the transactions carried out with the
persons or firms are called personal account.
10. 2. Real accounts:
The ledger accounts that are maintained by the business
concerns to record the assets which the form possesses.
11. 3. Nominal accounts :
The business concerns have to maintain separate
accounts for the profits or incomes it earns and for losses or
expenses it incurs. These accounts are called nominal
accounts.
