The document discusses bookkeeping concepts and provides examples of double-entry bookkeeping transactions for a company called SSNN Ltd. Over the course of a month, SSNN Ltd records transactions including receiving cash in exchange for shares, buying land and supplies, earning fees, paying expenses, paying creditors, adjusting supply balances, and paying dividends. Each transaction is recorded twice with debits and credits to balance the accounting equation.
Definition of accounting, what is accounting cycle? And how to record business transactions, it consist on various series which started from journal entries, ledger, and trial balance. key terms of accounting. The Accounting Rules of debit and credit, Debit money, assets and liabilities, Bad Debits, Balance Sheet, Double-entry, bad debts, inventory, Expenses, depreciation , Accumulated Depreciation , types of ledger account, categories of general ledger account, Assets and Liabilities, Owners’ Equity, Revenue Expansion of the Basic Equation and Expense, and examples.
Definition of accounting, what is accounting cycle? And how to record business transactions, it consist on various series which started from journal entries, ledger, and trial balance. key terms of accounting. The Accounting Rules of debit and credit, Debit money, assets and liabilities, Bad Debits, Balance Sheet, Double-entry, bad debts, inventory, Expenses, depreciation , Accumulated Depreciation , types of ledger account, categories of general ledger account, Assets and Liabilities, Owners’ Equity, Revenue Expansion of the Basic Equation and Expense, and examples.
Material for PGPSE participants of AFTERSCHOOOL CENTRE FOR SOCIAL ENTREPRENEURSHIP. PGPSE is an entrepreneurship oriented programme, open for all, free for all.
5.01 Meaning of an Account
5.02 Meaning of Debit and Credit
5.03 Classification of Accounts
5.04 Significance of Debit and credit in Accounts
5.05 Journal
5.05.01 Steps and Rules of Journalising
5.05.02 Totaling and Carry Forward.
5.05.03 Simple and Compound Journal Entries
5.06 Opening Entry
5.07 Sub-division of Journal
5.08 Ledger
5.08.01 Meaning
5.08.02 Form of a Ledger
5.08.03 Mechanics of Posting
5.08.04 Balancing of Ledger Accounts
Basic accounting in 10 mints
This powerpoint teaches the basics of bookkeeping and accounting. It includes details about debits and credits, assets, liabilities, sales, and expenses. Examples are provided and a quick description of the chart of accounts, profit and loss statements and the balance sheet is also included.
Ledger in financial accounting (11th commerce)Yamini Kahaliya
This presentation is on ledger which is the topic of financial accounting. it contents details about following points. There are:-
1. Meaning of ledger
2. Need & Importance of ledger
3. Advantage of Ledger
4. Difference b/w Journal & ledger
5. Format of ledger
6. Rules of posting
7. Illustrations
8. Exercise
Material for PGPSE participants of AFTERSCHOOOL CENTRE FOR SOCIAL ENTREPRENEURSHIP. PGPSE is an entrepreneurship oriented programme, open for all, free for all.
5.01 Meaning of an Account
5.02 Meaning of Debit and Credit
5.03 Classification of Accounts
5.04 Significance of Debit and credit in Accounts
5.05 Journal
5.05.01 Steps and Rules of Journalising
5.05.02 Totaling and Carry Forward.
5.05.03 Simple and Compound Journal Entries
5.06 Opening Entry
5.07 Sub-division of Journal
5.08 Ledger
5.08.01 Meaning
5.08.02 Form of a Ledger
5.08.03 Mechanics of Posting
5.08.04 Balancing of Ledger Accounts
Basic accounting in 10 mints
This powerpoint teaches the basics of bookkeeping and accounting. It includes details about debits and credits, assets, liabilities, sales, and expenses. Examples are provided and a quick description of the chart of accounts, profit and loss statements and the balance sheet is also included.
Ledger in financial accounting (11th commerce)Yamini Kahaliya
This presentation is on ledger which is the topic of financial accounting. it contents details about following points. There are:-
1. Meaning of ledger
2. Need & Importance of ledger
3. Advantage of Ledger
4. Difference b/w Journal & ledger
5. Format of ledger
6. Rules of posting
7. Illustrations
8. Exercise
Anyone can want this presentation and any others presentation like that please contact me on my email- skhabib14@gmail.com. I will help you.
This project is used mainly for medical stores to maintain the details of medical store such as stock and account.
Solved Cbse Class 12 Accountancy Full Project(Comprehensive Project, Ratio An...Dan John
I assure you that this project of mine will fetch you a very good score.
Good Luck!!
Go to the links below for the following...
Solved Comprehensive Project Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-comprehensive-project-cbse-class-12-accountancy-project
Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit and Loss - Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-accounting-ratios-with-balance-sheetvertical-and-statement-of-profit-and-loss-cbse-class-12-accountancy-project
Solved Cash Flow Statements with Balance Sheet (vertical) and Notes to Accounts - Cbse Class 12 Accountancy Project
http://www.slideshare.net/dankjohn/solved-cash-flow-statements-with-balance-sheet-vertical-and-notes-to-accounts-cbse-class-12-accountancy-project
Accounting Cycle - Ledgers - Capturing accounting eventFaHaD .H. NooR
What is a general ledger account?
A general ledger account is an account or record used to sort and store balance sheet and income statement transactions. Examples of general ledger accounts include the asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment. Examples of the general ledger liability accounts include Notes Payable, Accounts Payable, Accrued Expenses Payable, and Customer Deposits. Examples of income statement accounts found in the general ledger include Sales, Service Fee Revenues, Salaries Expense, Rent Expense, Advertising Expense, Interest Expense, and Loss on Disposal of Assets.
Some general ledger accounts are summary records which are referred to as control accounts. The detail that supports each of the control accounts will be found outside of the general ledger in what is known as a subsidiary ledger. For example, Accounts Receivable could be a control account in the general ledger, and there will be a subsidiary ledger which contains each customer's credit activity. The general ledger accounts Inventory, Equipment, and Accounts Payable could also be control accounts and for each there will be a subsidiary ledger containing the supporting detail.
Every business transaction affects two or more accounts. Under double entry bookkeeping system equal debit and credit entries are made for every economic activity.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the what'sapp number.
+12349014282
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the what'sapp information for my personal pi vendor.
+12349014282
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
4. Double-Entry Accounting “ Double-entry accounting is based on a simple concept: each party in a business transaction will receive something and give something in return. In bookkeeping terms, what is received is a debit or X and what is given is a credit or Y. The T account is a representation of a scale or balance.” Scale or Balance Receive DEBIT Give CREDIT T account Left Side Receive DEBIT Right Side Give CREDIT
5. SSNN Ltd. “ On November 1, 2005, Arun started a project called SSNN Ltd. . Arun plan to use his knowledge of microcomputers and offer computer consulting services for a fee. The following double-entry transactions show how amounts received (debits or X) always equal amounts given (credits or Y).” Arun is Owner
6. Business Transactions General Journal give Credit SSNN ltd. (investee) X (investor) give Credit Entry A. Date Description Debit Credit 11/1 Arun deposits $ 25,000 in a bank account for SSNN ltd. in exchange for Shares. receive Debit
7. Arun deposits $25,000 in a bank account for SSNNL in exchange for Share Capital. Business Transactions General Journal give Credit SSNNL (investee) Cash X (investor) give Credit Entry A. Date Description Debit Credit 11/1 Cash 25,000 receive Debit
8. Business Transactions General Journal Date Description Debit Credit 11/1 Cash 25,000 Shares 25,000 give Credit SSNNL (investee) Cash Capital Stock X (investor) give Credit Entry A. Arun started project SSNNL from cash of Rs. 25,000 receive Debit
9. SSNNL buys land for $20,000. Business Transactions give Credit SSNNL (buyer) Land Owner (seller) give Credit Entry B. General Journal Date Description Debit Credit 11/5 receive Debit
10. SSNNL buys land for $20,000. Business Transactions give Credit SSNNL (buyer) Land Land Owner (seller) give Credit Entry B. General Journal Date Description Debit Credit 11/5 Land 20,000 receive Debit
11. SSNNL buys land for $20,000. Business Transactions give Credit SSNNL (buyer) Land Cash Land Owner (seller) give Credit Entry B. General Journal Date Description Debit Credit 11/5 Land 20,000 Cash 20,000 receive Debit
12. SSNNL buys supply / goods for $1,350, agreeing to pay in the near future.** Business Transactions give Credit SSNNL (buyer) Supplier (seller) give Credit Entry C. General Journal Date Description Debit Credit 11/10 receive Debit
13. SSNNL buys supplies for $1,350, agreeing to pay in the near future.** Business Transactions give Credit SSNNL (buyer) Supplies Supplier (seller) give Credit Entry C. General Journal Date Description Debit Credit 11/10 Supplies/goods 1,350 receive Debit
14. SSNNL buys supplies for $1,350, agreeing to pay in the near future.** Business Transactions give Credit SSNNL (buyer) Supplies Supplier (seller) give Credit Entry C. A promise to pay later General Journal Date Description Debit Credit 11/10 Supplies 1,350 Accounts Payable 1,350 receive Debit
15. SSNNL earns fees of $7,500, receiving cash. Business Transactions give Credit SSNNL (seller) Customer (buyer) give Credit Entry D. General Journal Date Description Debit Credit 11/18 receive Debit
16. SSNNL earns fees of $7,500, receiving cash. Business Transactions give Credit SSNNL (seller) Cash Customer (buyer) give Credit Entry D. General Journal Date Description Debit Credit 11/18 Cash 7,500 receive Debit
17. SSNNL earns fees of $7,500, receiving cash. Business Transactions give Credit SSNNL (seller) Cash Customer (buyer) give Credit Entry D. Services General Journal Date Description Debit Credit 11/18 Cash 7,500 Fees Earned 7,500 receive Debit
18. Date Description Debit Credit SSNNL paid: wages, $2,125; rent, $800; utilities, $450; and miscellaneous, $275. Business Transactions General Journal give Credit SSNNL (buyer) Various suppliers give Credit Entry E. receive Debit
19. Date Description Debit Credit 11/18 Wages Expense 2,125 Rent Expense 800 Utilities Expense 450 Misc. Expense 275 SSNNL paid: wages, $2,125; rent, $800; utilities, $450; and miscellaneous, $275. Business Transactions General Journal give Credit SSNNL (buyer) Services, benefits Various suppliers give Credit Entry E. receive Debit
20. Date Description Debit Credit 11/18 Wages Expense 2,125 Rent Expense 800 Utilities Expense 450 Misc. Expense 275 Cash 3,650 SSNNL paid: wages, $2,125; rent, $800; utilities, $450; and miscellaneous, $275. Business Transactions General Journal give Credit SSNNL (buyer) Services, benefits Various suppliers give Credit Entry E. Cash receive Debit
21. SSNNL pays $950 to creditors on account. Business Transactions give Credit SSNNL (payor) Supplier (payee) give Credit Entry F. General Journal Date Description Debit Credit 11/30 receive Debit
22. SSNNL pays $950 to creditors on account. Business Transactions give Credit SSNNL (payor) Reduction in obligation Supplier (payee) give Credit Entry F. General Journal Date Description Debit Credit 11/30 Accounts Payable 950 receive Debit
23. SSNNL pays $950 to creditors on account. Business Transactions give Credit SSNNL (payor) Reduction in obligation Supplier (payee) give Credit Entry F. Cash General Journal Date Description Debit Credit 11/30 Accounts Payable 950 Cash 950 receive Debit
24. At the end of the month, the cost of supplies/goods on hand is $550. ** Business Transactions give Credit SSNNL (user) Internal Transaction (no external entity) give Credit Entry G. General Journal Date Description Debit Credit 11/30 receive Debit
25. At the end of the month, the cost of supplies/goods on hand is $550.** Business Transactions give Credit SSNNL (user) Use of supplies Internal Transaction (no external entity) give Credit Entry G. General Journal Date Description Debit Credit 11/30 Supplies Expense 800 receive Debit Balance of Supplies account $1,350 less $550 on hand = $800 used
26. At the end of the month, the cost of supplies/goods on hand is $550.** Business Transactions give Credit SSNNL (user) Use of supplies Internal Transaction (no external entity) give Credit Entry G. Supplies General Journal Date Description Debit Credit 11/30 Supplies Expense 800 Supplies 800 receive Debit Balance of Supplies account $1,350 less $550 on hand = $800 used
27. SSNNL paid dividends of $2,000. Business Transactions give Credit SSNNL (payer) X (stockholder) give Credit Entry H. General Journal Date Description Debit Credit 11/30 receive Debit
28. Business Transactions give Credit SSNNL (payer) Reduction in equity X (stockholder) give Credit Entry H. General Journal Date Description Debit Credit 11/30 Dividends 2,000 SSNNL paid dividends of $2,000. receive Debit
29. Business Transactions give Credit SSNNL (payer) Reduction in obligation X (stockholder) give Credit Entry H. Cash General Journal Date Description Debit Credit 11/30 Dividends 2,000 Cash 2,000 SSNNL paid dividends of $2,000. receive Debit
30. Post. Date Description Ref. Debit Credit 12/1 Prepaid Insurance 2,400 Cash 2,400 General Journal Page 1 Recording and Posting an Entry
31. Post. Date Description Ref. Debit Credit 12/1 Prepaid Insurance 2,400 Cash 2,400 Post. Balance Date Item Ref. Debit Credit Debit Credit 12/1 Account: Prepaid Insurance Account No. 15 General Journal General Ledger Page 1 Recording and Posting an Entry Enter the transaction date in the ledger account. 1 1
32. Post. Date Description Ref. Debit Credit 12/1 Prepaid Insurance 2,400 Cash 2,400 Post. Balance Date Item Ref. Debit Credit Debit Credit 12/1 1 2,400 Account: Prepaid Insurance Account No. 15 General Journal General Ledger Page 1 Recording and Posting an Entry Enter the debit amount in the ledger debit column. 2 2
33. Post. Date Description Ref. Debit Credit 12/1 Prepaid Insurance 2,400 Cash 2,400 Post. Balance Date Item Ref. Debit Credit Debit Credit 12/1 1 2,400 2,400 Account: Prepaid Insurance Account No. 15 General Journal General Ledger Page 1 Recording and Posting an Entry Update the ledger account balance. 3 3
34. Post. Date Description Ref. Debit Credit 12/1 Prepaid Insurance 2,400 Cash 2,400 Post. Balance Date Item Ref. Debit Credit Debit Credit 12/1 1 Account: Prepaid Insurance Account No. 15 General Journal General Ledger Page 1 Recording and Posting an Entry 4 Enter the journal page in the ledger account. 4
35. Post. Date Description Ref. Debit Credit 12/1 Prepaid Insurance 15 2,400 Cash 2,400 Post. Balance Date Item Ref. Debit Credit Debit Credit 12/1 1 2,400 2,400 Account: Prepaid Insurance Account No. 15 General Journal General Ledger Page 1 Recording and Posting an Entry Enter the ledger account number in the journal. 5 5
36. Recording and Posting an Entry Post. Date Description Ref. Debit Credit 12/1 Prepaid Insurance 15 2,400 Cash 11 2,400 Post. Balance Date Item Ref. Debit Credit Debit Credit 11/30 Balance 5,900 12/1 1 2,400 3,500 Account: Cash Account No. 11 General Journal General Ledger Page 1 All five parts of the credit posting are shown. 1 5 2 3 4
37. Correcting Errors Three Types of Errors Journal Entry Ledger Posting Correction Procedure 1. incorrect not posted correct Journal
38. Correcting Errors Three Types of Errors Journal Entry Ledger Posting Correction Procedure 1. incorrect not posted correct Journal 2. correct incorrectly posted correct Ledger