2. INTRODUCTION
We find out these basic accounting two types of
1) Calendar year 1-1month
31-12 month (12 month)
2) Financial year 1-4-2011
31-3-2012 (12 month)
MEANING
Accounting is art of recording classified and summarizing in signifition manner and in terms of
money tranjection and events which are in felt at least at a financial character
Accounting in
Receive the share, loan, and debenturs
WHO ARE THE INTRESTING PEOPLE IN ACCOUNTING
1. Owner /share orders
2. Employees
3. Consumers
4. Govt
5. Commercial bank and financial inst
ADVANTAGES OF ACCOUNTING
1. Maintains of permanent records of business
2. Assignment of profit or loss
3. Documentary evidence
4. Controls over activities can proprieties
5. Example: recipt ocher baleens sheet
LIMITATIONS OF ACOUNTING
1. No complete information
2. No exact information
3. Influence by owner
4. Year end information
5. Influence by account
6. It doesn’t show market values
EXPENSIS IN BUSINESS
SALARY
3. salary is a fixed compensation periodically pay to a person for regular work are services
WAGERS
Is a payment in return for work are services especially that made work man on a daily weekly
are hourly based
RENT
rent is a compensation paid by the tenant to the property owner for use are occupancy at a
property
TAXES
tax is a fee charged by govt an a product income and activity
PETTY CASH BOOK
Petty cash book is a cash book recording petty payments Is could as petty cash book
Date Particulars Amount1 Amount2
13/3/2012 Postage and couriers 25
13/3/2012 Postage and couriers 35
13/3/2012 Postage and couriers 45
Totally
105
Main cash book
Main cash book
Debit Credit
postage and couriers 105
ADVANTAGES OF PETTY CASH BOOK
To reduce the number of entries
To reduce the burden cashier
To minimize chats of mistakes and prods
To save time and energy
DIS ADVANTAGES OF PETTY CASH BOOK
Clear policy of the payments
4. Specific peered
Petty experiences supported by the ocher
PAN CARD
Pan card is a ten digit alphanumerical number received by they income tax office
Example: ALTPT6035A
ALT=income tax office
P=person name
T=Surname
A=in tax officer use
CHEQUES
Cheque is a negotiable instrument interesting a bank to pay a specific amount from a specified amount
from a held in the depositors name with that bank
TYPSE OF CHEQUE
1. Bearer cheque
2. Order cheque
3. Crossed cheque
4. Anti dated cheque
5. Post dated cheque
6. Stale cheque
DD (DEMOND DROFT)
Is an instrument used for effecting from money and it is also negotiable instrument
Cheque DD
1. Cheque is return by individuals 1. DD is return by bank
2. Correct account SBA holders get a cheque 2. Any one you own they don’t have bank
specialty account
3. The bank may not charges for the 3. The bank may not charges for the
receiving the cheque book receiving the DD
4. Cheque can be this honor for dishonor 4. There is no question or dishonoring the DD
varies account reason
5. Conclusion
Basic account is very useful for us so totally we are all discuses about account one of the financial use
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