3. journal entries
•Download as PPT, PDF•
0 likes•390 views
The document discusses the accounting cycle and general journal. It explains that the general journal records all parts of a business transaction together with the date, debit, credit, and explanation. Transactions are recorded chronologically in the general journal rather than individual T-accounts. The owner invested $20,000 cash into the business which was recorded in the general journal. The business then made $16,000 in ticket sales which was also recorded in the general journal.
Report
Share
Report
Share
Recommended
Week 3
The document discusses source documents, journals, and the journal entry process. It states that every transaction must have a source document as proof and that source documents contain the necessary information for recording transactions in journals. Journals are used to record transactions in chronological order and include information from source documents like checks, invoices, receipts, and memos. The general journal can record any transaction, identifying the affected accounts and debits and credits. Each journal entry must include the date and source document information.
T Accounts | Accounting
When a general ledger account is graphically represented it is known as T Account. T Account helps in knowing individual ledger accounts and what will be the effect of each transaction. While preparing individual ledger each transaction gets organized and summarized. Copy the link given below and paste it in new browser window to get more information on T Accounts:- http://www.transtutors.com/homework-help/accounting/financial-accounting-t-accounts/
financial accounting - final accounts
Single-entry bookkeeping records transactions only once without balancing debit and credit entries. It is simple to use and resembles reconciling a personal checking account. Double-entry bookkeeping is more complex initially but ensures accounts balance by requiring equal total debits and credits. Single-entry accounting typically involves a cash book where receipts have positive signs and payments negative signs, with a closing balance carried over daily.
TYPES OF CASH BOOK
The document discusses different types of cash books used in accounting. It describes single column, double column, cash and discount column, bank and discount column, and petty cash books. Each type records transactions differently based on whether payments are made in cash, to the bank, or include discounts. Cash books simplify accounting by recording money transactions and help prevent errors and fraud.
Balancing a T account
T accounts are used to balance accounts, with money received entered on the left debit side and money spent entered on the right credit side. To balance the account, the difference between the totals on each side is calculated as the balance. This balance amount is added to the smaller side to make the totals equal, and then both sides are totaled on the same line and double underlined in red. The balance is written below the total on the larger side to show the remaining amount.
Week 2
The document discusses the chart of accounts, which is a numbered list of all accounts used by a business to track transactions that affect different accounts. The chart of accounts allows accounts to be located quickly and grouped according to classifications like assets, liabilities, equity, revenues, and expenses. A T account format is used to analyze transactions and how they change account balances, with the left side representing debits that increase accounts and the right side representing credits that decrease accounts. Normal account balances are also discussed, with assets having a normal debit balance and liabilities/equity having a normal credit balance.
Accounting Assignment Help @best price
It is now very easy for accounting students to get detailed and logical solutions to accounting assignments or problems at a very reasonable cost and within a deadline. Our expert accounting tutors delivered excellent accounting help services to you. You 100% sure that we deliver what we promise!
2 accounting equation and accounting mechanics
Accounting equation, accounting mechanics, subsidiary book, purchase book, sales book, bills receivable book, bill payable book, GAAP,
Characteristics of Accounting Principles {Concepts and conventions}
Accounting Standards
Accounting Equation
Subsidiary Books
Advantages (Reasons)/ Disadvantages for maintaining subsidiary book
Types of Subsidiary books
Recommended
Week 3
The document discusses source documents, journals, and the journal entry process. It states that every transaction must have a source document as proof and that source documents contain the necessary information for recording transactions in journals. Journals are used to record transactions in chronological order and include information from source documents like checks, invoices, receipts, and memos. The general journal can record any transaction, identifying the affected accounts and debits and credits. Each journal entry must include the date and source document information.
T Accounts | Accounting
When a general ledger account is graphically represented it is known as T Account. T Account helps in knowing individual ledger accounts and what will be the effect of each transaction. While preparing individual ledger each transaction gets organized and summarized. Copy the link given below and paste it in new browser window to get more information on T Accounts:- http://www.transtutors.com/homework-help/accounting/financial-accounting-t-accounts/
financial accounting - final accounts
Single-entry bookkeeping records transactions only once without balancing debit and credit entries. It is simple to use and resembles reconciling a personal checking account. Double-entry bookkeeping is more complex initially but ensures accounts balance by requiring equal total debits and credits. Single-entry accounting typically involves a cash book where receipts have positive signs and payments negative signs, with a closing balance carried over daily.
TYPES OF CASH BOOK
The document discusses different types of cash books used in accounting. It describes single column, double column, cash and discount column, bank and discount column, and petty cash books. Each type records transactions differently based on whether payments are made in cash, to the bank, or include discounts. Cash books simplify accounting by recording money transactions and help prevent errors and fraud.
Balancing a T account
T accounts are used to balance accounts, with money received entered on the left debit side and money spent entered on the right credit side. To balance the account, the difference between the totals on each side is calculated as the balance. This balance amount is added to the smaller side to make the totals equal, and then both sides are totaled on the same line and double underlined in red. The balance is written below the total on the larger side to show the remaining amount.
Week 2
The document discusses the chart of accounts, which is a numbered list of all accounts used by a business to track transactions that affect different accounts. The chart of accounts allows accounts to be located quickly and grouped according to classifications like assets, liabilities, equity, revenues, and expenses. A T account format is used to analyze transactions and how they change account balances, with the left side representing debits that increase accounts and the right side representing credits that decrease accounts. Normal account balances are also discussed, with assets having a normal debit balance and liabilities/equity having a normal credit balance.
Accounting Assignment Help @best price
It is now very easy for accounting students to get detailed and logical solutions to accounting assignments or problems at a very reasonable cost and within a deadline. Our expert accounting tutors delivered excellent accounting help services to you. You 100% sure that we deliver what we promise!
2 accounting equation and accounting mechanics
Accounting equation, accounting mechanics, subsidiary book, purchase book, sales book, bills receivable book, bill payable book, GAAP,
Characteristics of Accounting Principles {Concepts and conventions}
Accounting Standards
Accounting Equation
Subsidiary Books
Advantages (Reasons)/ Disadvantages for maintaining subsidiary book
Types of Subsidiary books
Week 7
- Two or more individuals form a partnership by combining their assets and skills to go into business together. They create a partnership agreement to outline partner investments, duties, income/loss division, and contingencies.
- A merchandiser buys merchandise to resell, either paying with cash or purchasing on account from vendors. The purchases account tracks the cost of goods bought for resale. Special journal columns help track transactions affecting key accounts like purchases.
- When transactions span multiple journal pages, the columns are totaled and proven to ensure debits equal credits before carrying totals to a new page. Special column totals can then be directly posted to accounts, saving time over individual posting.
| Accounting Cycle | Double Entry Accounting | Basic Accounting Equation | 8 ...
Principles of accounting, the accounting cycle, double entry accounting, debits and credits, basic accounting equation, ownership structure, steps in accounting cycle, transactions and events, journalizing, techniques of journalizing, posting, trial balance, adjusting entries, classes of adjusting entries, adjusted trial balance, preparing financial statements, closing entries, post-closing trial balance
T Accounts
T-accounts are ledger accounts that visually represent transactions with debits on the left side and credits on the right side. They contain the account title at the top and are used to calculate account balances by totaling debits and credits, with debit balances occurring when total debits exceed credits and vice versa. T-accounts form the basic building blocks of accounting by requiring every transaction to involve at least two accounts and allowing users to see how debits and credits are matched between accounts.
Accounting Process- Subsidiary Books
Recording of Special Transactions of Accounting in Saparate books, includes :
1."Cash Book" for Cash, Bank & Discount transactions
2. "Purchase Book" for Credit purchases of goods
3. "Returns Outward Book" for Return of Credit purchases goods
4. "Sales Book" : Credit Sale of goods
5."Return Inwards Book" for Return of Credit Sold goods; 6. "Bills Receivable" book: Details of Bills drawn &
7. "Bills Payable" Book.
8. "Journal Proper": for the remaining Transactions.
For more information visit - http://www.takshilalearning.com or call +91-8800999280
Unit 3 Debits and Credits
Here are the journal entries for Bell's Computers transactions:
1. Capital $60,000
Bank $60,000
2. Equipment $7,000
Bank $7,000
3. Drawings $200
Bank $200
4. Bank $14,000
Income $14,000
5. Debtors $30,000
Income $30,000
6. Bank $4,000
Rent Expense $4,000
7. Bank $1,500
Supplies Expense $1,500
Cash book
A cash book is used to record all cash transactions and serves as both a journal and ledger for cash and bank accounts. It has debit and credit sides, with receipts recorded on the debit side and payments on the credit side. The cash book can take different forms depending on the number of accounts recorded, from simple to double or triple column formats. The objectives of a cash book include finding total receipts and payments, ascertaining balances, and verifying cash on hand and in the bank.
Double Entry Accounting | Finance
Account reconciliation is a process that reconciles an organization's bank balance according to its bank statement with the balance in its own accounting records as of a specified date. It explains any differences between the two balances. The document also mentions principles of double entry accounting, types of accounts, bookkeeping, bookkeeping software, and the cash and accrual basis of accounting as they relate to account reconciliation in double entry accounting systems. It provides a link for more detailed information on double entry accounting.
Week 5
A fiscal period is the time period that a business uses to report its financial information, such as a month or year. At the end of each fiscal period, the business prepares a trial balance to summarize the ledger accounts and make any necessary adjustments to match expenses with the revenue they generated. The business then prepares financial statements by extending the account balances from the adjusted trial balance to the income statement and balance sheet columns and calculating net income or loss.
Presentation of subsidiary books
This document discusses subsidiary books, which are books of original entry where transactions are first recorded. It provides examples of common subsidiary books like purchase books, sales books, cash books, bills receivable books and bills payable books. It also discusses the advantages of using subsidiary books and their various formats.
Week 8
This document discusses special journals that can be used for specific transaction types to make the journalizing process more efficient as the volume of transactions grows. It covers purchase journals that debit purchases and credit accounts payable, cash payment journals, and contra accounts like purchases discounts and purchases returns and allowances that reduce the purchases account balance rather than crediting the account directly.
Recording business transactions
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.
Bookkeeping Service | WeAccountax
Single-entry bookkeeping for small business by WeAccountax is good enough for many small groups. Inside the double-access accounting gadget, at the least two accounting entries are required to file every financial transaction.
Accounting cycle
The document discusses the accounting cycle which includes recording transactions, classifying entries in ledger accounts, and summarizing accounts to prepare financial statements. It provides details on steps like journalizing, posting to ledger accounts, preparing a trial balance to check the accuracy of the ledger, and rules for balancing accounts. The accounting cycle ensures all business transactions are recorded and reported in a systematic manner.
Introduction to acccounting chapter 3 new
This document summarizes accounting books of original entry and ledgers. It discusses journals like the general journal, purchase journal, and sales journal which are used to initially record transactions. It also describes cash books which record cash and bank transactions, increasing or decreasing those balances. Special journals include the return outwards journal and return inwards journal for recording returned goods. Ledgers are used to periodically total information from books of original entry.
Understanding a Bookkeeper's Duties
Depending on the books at hand, a bookkeeper is basically a person who is responsible for the processing of paperwork for the business transactions of a company. These transactions are then recorded into accounts that make up the general ledger for the company.
What is Accounting & the Accounting Equation
The document provides a quiz on accounting concepts with multiple choice questions in various categories like accounting concepts, critical thinking, key terms, and solving equations. It tests understanding of basic accounting principles like the accounting equation, distinguishing between assets, liabilities and owner's equity, and how transactions affect financial statements. The quiz is designed to help students learn and be assessed on foundational accounting knowledge.
Unit 4 The Accounting Cycle
This document discusses source documents and accounting journals. It defines source documents as the original records of transactions, such as invoices and receipts. It describes the purpose and contents of accounting journals, which record debit and credit entries in chronological order. Journals include explanations of transactions and cross-references to source documents for verification. The different types of specialized journals are outlined.
Purchase return book
The document discusses the purchase return book, which is a subsidiary book used to systematically record returns of goods purchased on credit. It contains details of items returned such as date, supplier name and address, item description, quantity returned, and amount. The total amount of returns is posted periodically from the purchase return book to the purchase return account. The purchase return account is closed by transferring the balance to the sundry creditors account.
Accounting introduction
Accounting helps communicate business transactions to users by recording, classifying, and summarizing financial information. The main objective of any business is to make a profit, which is the difference between the price goods are purchased and sold for. Accounting is needed to know the true profit or loss over time, maintain permanent transaction records, understand the financial position and amounts due from customers and suppliers, track asset and liability changes, evaluate business profitability, and provide tax and legal information. It involves recording transactions, classifying them, summarizing data into financial statements, and interpreting results for stakeholders.
Subsidiary books financial accounting ppt prepared by prof.satish r.tajane
This document discusses subsidiary books, which are books of original entry where transactions are first recorded. It provides examples of common subsidiary books like cash book, purchase book, sales book, bills receivable book, and bills payable book. It explains that postings are made from subsidiary books to ledger accounts. Maintaining subsidiary books makes it easier to locate transactions and provides important transaction details. However, they may not be suitable for small businesses with low volumes. Proper recording is also required to avoid errors.
3. journal entries
The document provides an overview of transactions and the general journal in accounting. It discusses how every business transaction must be recorded, with at least two accounts affected. While T-accounts have traditionally been used, the general journal allows recording all parts of a transaction together in one place, including the date, debit, credit, and explanation. Advantages include having the complete transaction in one location, reducing errors, and listing transactions chronologically. The accounting cycle process that begins with a transaction and ends with financial statements and closing entries is also summarized. Two sample transactions are provided as examples to record in the general journal.
2.JOURNAL.ppt
The document provides an overview of accounting concepts including:
1. The accounting cycle which involves recording transactions, posting entries to ledgers, preparing financial statements and closing the books at the end of an accounting period.
2. Types of accounts such as assets, liabilities, equity, income and expenses and the rules for debiting and crediting different accounts.
3. Key accounting books and records including journals to initially record transactions, ledgers to track account balances, and reports such as trial balances and financial statements.
The document discusses the basic accounting equation and double-entry system where every transaction has equal debits and credits that balance. It also provides examples of journal entries.
More Related Content
What's hot
Week 7
- Two or more individuals form a partnership by combining their assets and skills to go into business together. They create a partnership agreement to outline partner investments, duties, income/loss division, and contingencies.
- A merchandiser buys merchandise to resell, either paying with cash or purchasing on account from vendors. The purchases account tracks the cost of goods bought for resale. Special journal columns help track transactions affecting key accounts like purchases.
- When transactions span multiple journal pages, the columns are totaled and proven to ensure debits equal credits before carrying totals to a new page. Special column totals can then be directly posted to accounts, saving time over individual posting.
| Accounting Cycle | Double Entry Accounting | Basic Accounting Equation | 8 ...
Principles of accounting, the accounting cycle, double entry accounting, debits and credits, basic accounting equation, ownership structure, steps in accounting cycle, transactions and events, journalizing, techniques of journalizing, posting, trial balance, adjusting entries, classes of adjusting entries, adjusted trial balance, preparing financial statements, closing entries, post-closing trial balance
T Accounts
T-accounts are ledger accounts that visually represent transactions with debits on the left side and credits on the right side. They contain the account title at the top and are used to calculate account balances by totaling debits and credits, with debit balances occurring when total debits exceed credits and vice versa. T-accounts form the basic building blocks of accounting by requiring every transaction to involve at least two accounts and allowing users to see how debits and credits are matched between accounts.
Accounting Process- Subsidiary Books
Recording of Special Transactions of Accounting in Saparate books, includes :
1."Cash Book" for Cash, Bank & Discount transactions
2. "Purchase Book" for Credit purchases of goods
3. "Returns Outward Book" for Return of Credit purchases goods
4. "Sales Book" : Credit Sale of goods
5."Return Inwards Book" for Return of Credit Sold goods; 6. "Bills Receivable" book: Details of Bills drawn &
7. "Bills Payable" Book.
8. "Journal Proper": for the remaining Transactions.
For more information visit - http://www.takshilalearning.com or call +91-8800999280
Unit 3 Debits and Credits
Here are the journal entries for Bell's Computers transactions:
1. Capital $60,000
Bank $60,000
2. Equipment $7,000
Bank $7,000
3. Drawings $200
Bank $200
4. Bank $14,000
Income $14,000
5. Debtors $30,000
Income $30,000
6. Bank $4,000
Rent Expense $4,000
7. Bank $1,500
Supplies Expense $1,500
Cash book
A cash book is used to record all cash transactions and serves as both a journal and ledger for cash and bank accounts. It has debit and credit sides, with receipts recorded on the debit side and payments on the credit side. The cash book can take different forms depending on the number of accounts recorded, from simple to double or triple column formats. The objectives of a cash book include finding total receipts and payments, ascertaining balances, and verifying cash on hand and in the bank.
Double Entry Accounting | Finance
Account reconciliation is a process that reconciles an organization's bank balance according to its bank statement with the balance in its own accounting records as of a specified date. It explains any differences between the two balances. The document also mentions principles of double entry accounting, types of accounts, bookkeeping, bookkeeping software, and the cash and accrual basis of accounting as they relate to account reconciliation in double entry accounting systems. It provides a link for more detailed information on double entry accounting.
Week 5
A fiscal period is the time period that a business uses to report its financial information, such as a month or year. At the end of each fiscal period, the business prepares a trial balance to summarize the ledger accounts and make any necessary adjustments to match expenses with the revenue they generated. The business then prepares financial statements by extending the account balances from the adjusted trial balance to the income statement and balance sheet columns and calculating net income or loss.
Presentation of subsidiary books
This document discusses subsidiary books, which are books of original entry where transactions are first recorded. It provides examples of common subsidiary books like purchase books, sales books, cash books, bills receivable books and bills payable books. It also discusses the advantages of using subsidiary books and their various formats.
Week 8
This document discusses special journals that can be used for specific transaction types to make the journalizing process more efficient as the volume of transactions grows. It covers purchase journals that debit purchases and credit accounts payable, cash payment journals, and contra accounts like purchases discounts and purchases returns and allowances that reduce the purchases account balance rather than crediting the account directly.
Recording business transactions
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.
Bookkeeping Service | WeAccountax
Single-entry bookkeeping for small business by WeAccountax is good enough for many small groups. Inside the double-access accounting gadget, at the least two accounting entries are required to file every financial transaction.
Accounting cycle
The document discusses the accounting cycle which includes recording transactions, classifying entries in ledger accounts, and summarizing accounts to prepare financial statements. It provides details on steps like journalizing, posting to ledger accounts, preparing a trial balance to check the accuracy of the ledger, and rules for balancing accounts. The accounting cycle ensures all business transactions are recorded and reported in a systematic manner.
Introduction to acccounting chapter 3 new
This document summarizes accounting books of original entry and ledgers. It discusses journals like the general journal, purchase journal, and sales journal which are used to initially record transactions. It also describes cash books which record cash and bank transactions, increasing or decreasing those balances. Special journals include the return outwards journal and return inwards journal for recording returned goods. Ledgers are used to periodically total information from books of original entry.
Understanding a Bookkeeper's Duties
Depending on the books at hand, a bookkeeper is basically a person who is responsible for the processing of paperwork for the business transactions of a company. These transactions are then recorded into accounts that make up the general ledger for the company.
What is Accounting & the Accounting Equation
The document provides a quiz on accounting concepts with multiple choice questions in various categories like accounting concepts, critical thinking, key terms, and solving equations. It tests understanding of basic accounting principles like the accounting equation, distinguishing between assets, liabilities and owner's equity, and how transactions affect financial statements. The quiz is designed to help students learn and be assessed on foundational accounting knowledge.
Unit 4 The Accounting Cycle
This document discusses source documents and accounting journals. It defines source documents as the original records of transactions, such as invoices and receipts. It describes the purpose and contents of accounting journals, which record debit and credit entries in chronological order. Journals include explanations of transactions and cross-references to source documents for verification. The different types of specialized journals are outlined.
Purchase return book
The document discusses the purchase return book, which is a subsidiary book used to systematically record returns of goods purchased on credit. It contains details of items returned such as date, supplier name and address, item description, quantity returned, and amount. The total amount of returns is posted periodically from the purchase return book to the purchase return account. The purchase return account is closed by transferring the balance to the sundry creditors account.
Accounting introduction
Accounting helps communicate business transactions to users by recording, classifying, and summarizing financial information. The main objective of any business is to make a profit, which is the difference between the price goods are purchased and sold for. Accounting is needed to know the true profit or loss over time, maintain permanent transaction records, understand the financial position and amounts due from customers and suppliers, track asset and liability changes, evaluate business profitability, and provide tax and legal information. It involves recording transactions, classifying them, summarizing data into financial statements, and interpreting results for stakeholders.
Subsidiary books financial accounting ppt prepared by prof.satish r.tajane
This document discusses subsidiary books, which are books of original entry where transactions are first recorded. It provides examples of common subsidiary books like cash book, purchase book, sales book, bills receivable book, and bills payable book. It explains that postings are made from subsidiary books to ledger accounts. Maintaining subsidiary books makes it easier to locate transactions and provides important transaction details. However, they may not be suitable for small businesses with low volumes. Proper recording is also required to avoid errors.
What's hot (20)
| Accounting Cycle | Double Entry Accounting | Basic Accounting Equation | 8 ...
| Accounting Cycle | Double Entry Accounting | Basic Accounting Equation | 8 ...
Subsidiary books financial accounting ppt prepared by prof.satish r.tajane
Subsidiary books financial accounting ppt prepared by prof.satish r.tajane
Similar to 3. journal entries
3. journal entries
The document provides an overview of transactions and the general journal in accounting. It discusses how every business transaction must be recorded, with at least two accounts affected. While T-accounts have traditionally been used, the general journal allows recording all parts of a transaction together in one place, including the date, debit, credit, and explanation. Advantages include having the complete transaction in one location, reducing errors, and listing transactions chronologically. The accounting cycle process that begins with a transaction and ends with financial statements and closing entries is also summarized. Two sample transactions are provided as examples to record in the general journal.
2.JOURNAL.ppt
The document provides an overview of accounting concepts including:
1. The accounting cycle which involves recording transactions, posting entries to ledgers, preparing financial statements and closing the books at the end of an accounting period.
2. Types of accounts such as assets, liabilities, equity, income and expenses and the rules for debiting and crediting different accounts.
3. Key accounting books and records including journals to initially record transactions, ledgers to track account balances, and reports such as trial balances and financial statements.
The document discusses the basic accounting equation and double-entry system where every transaction has equal debits and credits that balance. It also provides examples of journal entries.
Financial Accounting.pdf
1) The document discusses the accounting process and how to analyze and record business transactions. It explains the key steps which include examining source documents, analyzing transactions using debits and credits, recording transactions in a journal, posting to ledgers, and preparing a trial balance.
2) An example transaction is provided to demonstrate how to apply the accounting equation to identify impacts on asset, liability and equity accounts and how to record the journal entry and post to ledger accounts.
3) The revenue recognition principle is explained as recognizing revenue when it is earned rather than when payment is received. An example transaction illustrates revenue being recognized with a receivable recorded before cash is received.
Unit 4 The Accounting Cycle
This document discusses the accounting cycle and key accounting documents and processes. It covers source documents like invoices and receipts, accounting journals that record transactions chronologically, T-accounts that make up the general ledger, balancing T-accounts, the trial balance process, and the four main financial statements: the income statement, statement of owner's equity, balance sheet, and statement of cash flows.
Journal & debit credit rule
The document defines what a journal is and describes the different types of accounts. It then provides more details about each type:
- A journal is a book of original entry where transactions are first recorded before being posted to ledgers. It defines three types of accounts: personal, real, and nominal.
- Personal accounts record transactions with individuals or entities. Real accounts relate to assets. Nominal accounts relate to income/expenses and increase/decrease equity.
- The document outlines rules for debit and credit entries. Assets and expenses are increased by debits, and liabilities/equity/revenues are increased by credits. Total debits must equal total credits for each transaction.
agri mba Accounting ppt by sanchayan
i have made this ppt for my college ,,i will share this for those gyes who want a specimen of bfa subject
and this slide making crdt goes to my sir.. thank you sir
Accounting Principles
This document contains a presentation on accounting concepts and principles. It defines accounting and discusses key accounting concepts such as business entity, money measurement, accounting period, cost, dual aspect, matching, realization and full disclosure. It also covers accounting principles including consistency, materiality, conservatism and double entry system. The document concludes with explaining accounting processes such as journal, ledger, trial balance and financial statements including trading account, profit and loss account and balance sheet. It also discusses ratio analysis and different types of ratios to analyze business performance.
Commerce
Accounting records of a business concern are the permanent records of transactions relating to its income and expenditure.
All About Cash Book
# A cash book records all cash receipts on the debit side and cash payments on the credit side. It acts as both a journal and ledger for cash transactions.
# Cash books can have single, double, or triple columns to record cash, discounts, and bank transactions. They are balanced frequently, often daily.
# Petty cash books and imprest systems are used to record and manage small cash transactions efficiently.
# Maintaining a cash book allows easy tracking of cash balances and detection of errors or fraud over time.
ANALYZING TRANSACTIONS INTO DEBIT AND CREDIT PARTS.docx
This document discusses analyzing transactions into debit and credit parts. It begins by explaining the accounting equation and how T accounts represent the equation. It then discusses how to classify accounts as assets, liabilities, or equity and whether they normally have debit or credit balances. The document provides examples of various transactions and uses a set of questions to analyze how each transaction affects two accounts, determining which side of each account is debited or credited. It demonstrates analyzing transactions involving assets, liabilities, revenues, expenses, and payments on account. The goal is to show how to properly record transactions by determining the accounts affected and appropriate debit and credit entries.
Mentor_Me_BOOKS.pptx
Bookkeeping and accounting are essential business functions for recording and reporting financial transactions and data. Bookkeeping involves recording transactions, while accounting interprets and analyzes the financial information. Key accounting records include source documents, a chart of accounts, books of original entry like cash receipt and payment books, and the book of final entry, the general ledger, which summarizes all account activity.
Cash book Basics.pptx
A cash book is a book of accounts that records all cash transactions of a business. It serves as both a journal and ledger by recording transactions and posting them to a cash account. There are different types of cash books, including single, double, and triple column cash books, as well as petty cash books. Cash books provide advantages like easy identification of errors or defaults, daily recording of receipts and payments, and determining the cash balance on hand.
Journal and LEdger.pptxABM1_Concepts and Principles.pptx
FALSE. When posting transactions from the journal to the ledger, the date column is not included. The date is already recorded in the journal.
Double_Entry_Accounting.ppt
NetSolutions records business transactions using double-entry accounting. Transactions include Chris Clark investing $25,000 cash in the business, purchasing $20,000 of land, buying $1,350 of supplies on account, earning $7,500 in fees, paying $3,650 in expenses, paying $950 to creditors, using $800 of supplies, and Chris Clark withdrawing $2,000 cash. Debits and credits are equal for each transaction to maintain the accounting equation of assets = liabilities + owner's equity.
accounting basics
Accounting involves recording, classifying, and summarizing financial transactions and events. It has the objectives of keeping systematic records, protecting business assets, and facilitating decision making. The key concepts in accounting include separate entity, going concern, money measurement, cost, dual aspect, accounting period, and matching. Financial statements like the balance sheet, income statement, and statement of cash flows are prepared using accounts from the general ledger in accordance with accounting principles.
Journal entries
The document discusses journal entries and their characteristics. It defines a journal as a chronological record of financial transactions. Every transaction is recorded through a journal entry that includes the date, amount, accounts affected, and description. Journal entries follow double-entry bookkeeping by debiting one account and crediting another. They provide a basis for recording transactions in individual ledger accounts and help locate errors. The document also discusses types of journal entries, their advantages and limitations.
Accounting ppt
This document provides an overview of financial accounting and taxation concepts. It discusses the characteristics of businesses and different types of businesses. It then defines accounting and bookkeeping, and explains the different types of accounts used in accounting. The document outlines the main branches of accounting including financial, cost, and management accounting. It also describes the accounting entry systems of single and double entry. Finally, it provides explanations of key taxation concepts such as VAT, TDS, service tax, and CST that are handled in accounting software like Tally.
CA NOTES ON ACCOUNTING
CA NOTES ON ACCOUNTING
FREE AFFIDAVITS AND NOTICES FORMATS
FREE AGREEMENTS AND CONTRACTS FORMATS
FREE LLB LAW NOTES
FREE CA ICWA NOTES
FREE LLB LAW FIRST SEM NOTES
FREE LLB LAW SECOND SEM NOTES
FREE LLB LAW THIRD SEM NOTES
FREE LLB LAW FOURTH SEM NOTES
FREE LLB LAW FIFTH SEM NOTES
FREE LLB LAW SIXTH SEM NOTES
FREE CA ICWA FOUNDATION NOTES
FREE CA ICWA INTERMEDIATE NOTES
FREE CA ICWA FINAL NOTES
KANOON KE RAKHWALE INDIA
HIRE LAWYER ONLINE
LAW FIRMS IN DELHI
CA FIRM DELHI
VISIT : https://www.kanoonkerakhwale.com/
VISIT : https://hirelawyeronline.com/
Accounting transaction
An accounting transaction is any economic event that affects a company's financial records. There are two types of transactions: external between the company and an outside party, and internal within the company.
The key accounting records are accounts, the chart of accounts, accounting equations, journals, ledgers, and trial balances. Accounts accumulate balances for specific items like cash, assets, or equity. The chart of accounts lists all accounts. Accounting equations show the relationship between assets, liabilities, and equity. Journals record transactions in chronological order. Ledgers compile account information. Trial balances check that total debits equal total credits.
Accounts
Accounting involves recording financial transactions and preparing financial statements. It uses concepts like duality, accrual, matching and consistency. Transactions are recorded in journals like purchase, sales and cash books. The trial balance shows debit and credit balances of all accounts. The trading account calculates gross profit/loss and the profit and loss account calculates net profit/loss. The balance sheet presents the assets, liabilities and capital of a business at a point in time, with assets and liabilities ordered by liquidity or permanence. Adjustments to the trial balance ensure items are fully reflected in the final accounts.
Similar to 3. journal entries (20)
ANALYZING TRANSACTIONS INTO DEBIT AND CREDIT PARTS.docx
ANALYZING TRANSACTIONS INTO DEBIT AND CREDIT PARTS.docx
Journal and LEdger.pptxABM1_Concepts and Principles.pptx
Journal and LEdger.pptxABM1_Concepts and Principles.pptx
Recently uploaded
TechnoXander Confirmation of Payee Product Pack 1.pdf
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
Using Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trendsLabour Market Information Council | Conseil de l’information sur le marché du travail
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.The state of welfare Resolution Foundation Event
How has Britain’s safety net changed since 2010 and what comes next?
Discover the Future of Dogecoin with Our Comprehensive Guidance
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Labour Market Information Council | Conseil de l’information sur le marché du travail
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【网址🎉ac22.net🎉】
【网址🎉ac22.net🎉】欧洲杯投注 Sports 与其他博彩公司相比，其独特之处在于欧洲杯投注 Sports 基于低利润和高营业额的独一无二的体育博彩模式，该模式可以为玩家开出最高的赔率。欧洲杯投注的优势在于中文界面友好，接受人民币投注。他们的开户奖金和实时体育投注界面是大陆玩家的首选。
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
永久可查学历认证【微信：A575476】【美国新罕布什尔大学(unh)毕业证成绩单Offer】【微信：A575476】（留信学历认证永久存档查询）采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信：A575476】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信：A575476】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
→ 【关于价格问题（保证一手价格）
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：可来公司面谈，可签订合同，会陪同客户一起到教育部认证窗口递交认证材料，客户在教育部官方认证查询网站查询到认证通过结果后付款，不成功不收费！
13 Jun 24 ILC Retirement Income Summit - slides.pptx
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Accounting Information Systems (AIS).pptx
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
Detailed power point presentation on compound interest and how it is calculated
Detailed information about compund interest
KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
Independent Study - College of Wooster Research (2023-2024)
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strategies
Recently uploaded (20)
TechnoXander Confirmation of Payee Product Pack 1.pdf
TechnoXander Confirmation of Payee Product Pack 1.pdf
Using Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trends
Discover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive Guidance
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
13 Jun 24 ILC Retirement Income Summit - slides.pptx
13 Jun 24 ILC Retirement Income Summit - slides.pptx
Detailed power point presentation on compound interest and how it is calculated
Detailed power point presentation on compound interest and how it is calculated
KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)
Importance of community participation in development projects.pdf
Importance of community participation in development projects.pdf
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
3. journal entries
- 2. Reminder: A business transaction is anytime that an exchange of value happens within the normal operation of a business Every transaction must be recorded Every transaction affects at least two accounts Up to now: We have been using T-Accounts Debits = Credits
- 3. The owner invests $20 000 into the business Cash T. Rantula, Capital 20 000 20 000
- 4. The concepts of “T-Accounts” remain Debits = Credits At least two accounts are affected But rather than entering transactions into the T-Accounts immediately, we use the General Journal
- 5. Your personal diary The textbook says: “The journal records all parts of a transaction in one place. The date, the debit, the credit and an explanation for each transaction are recorded together.” Can record manually or electronically
- 6. Think of the stereotypical girl that enters her thoughts into a journal every night before bed
- 7. The accountant loves to get his/her thoughts and feelings (transactions) into his/her journal as soon as something happens within the business.
- 8. ADVANTAGES The complete transaction is recorded in one place Reduces Errors Easier to make a mistake in T-Accounts (Debit but no credit, only one account, etc) Transactions are listed in chronological order Shows a picture of every day at the business
- 9. This unit is all about the different steps of the accounting cycle The accounting cycle is the process an accountant goes though during a fiscal periods Begins with a business transaction Ends with the preparation of the Financial Statements & Closing Entries
- 11. Date Particulars P r DR CR
- 13. Summarize each transaction with words and as short as possible Example: Owner invested cash Example: Made cash sale of tickets Example: Bought equipment on account THIS IS A MUST FOR EACH AND EVERY TRANSACTION!
- 14. An increase in amount: Debit Credit Assets Drawings Expenses Liabilities Owner’s Equity Revenue
- 15. A decrease in amount: Debit Credit Liabilities Owner’s Capital Revenue Assets Drawings Expenses
- 16. Account DEBIT CREDIT Assets Liabilities Owner’s Equity Drawings Revenues Expenses
- 17. On October 1st the owner, T. Rantula invests $20 000 into the business On October 4th the business sold $16 000 worth of tickets
- 18. Date Particulars P r DR CR Oct 1 Cash 20 0 0 0 00 T. Rantula, Capital 20 0 0 0 00 Invested additional cash 4 Cash 16 0 0 0 00 Ticket Sales 16 0 0 0 00 Ticket sales for the week
- 19. BEGIN ON PAGE 112 in your text Question #1-3 We will take up #1 in 15 minutes