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Basics of accounts

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Anup Suchak
Anup Suchak

The document defines accounting and its objectives, which include keeping systematic records and ascertaining the financial position of a business. It describes the accounting process and key principles. It also defines important accounting terms like assets, liabilities, expenses, capital, and different types of accounts. Finally, it discusses the key final accounts prepared in accounting - the trading account, profit and loss account, and balance sheet.

EducationEconomy & FinanceBusiness
1 of 25
BASICS OF ACCOUNTS By Anup K. Suchak
DEFINITION OF ACCOUNTING ,[object Object]
OBJECTIVE OF ACCOUNTING ,[object Object],[object Object],[object Object],[object Object],[object Object]
Process of Accounting ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Principles of Accounting ,[object Object],[object Object]
Accounting Concepts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Accounting Conventions ,[object Object],[object Object],[object Object],[object Object]
Classification of Accounts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Rules of Debit and Credit ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Basic Terms Used In Accounts ,[object Object],[object Object],[object Object],[object Object],[object Object]
Basic Terms Used In Accounts ,[object Object],[object Object],[object Object],[object Object]
Basic Terms Used In Accounts ,[object Object],[object Object],[object Object],[object Object]
Basic Terms Used In Accounts ,[object Object],[object Object]
Basic Terms Used In Accounts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Basic Terms Used In Accounts ,[object Object],[object Object],[object Object],[object Object],[object Object]
Basic Terms Used In Accounts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Final Accounts ,[object Object],[object Object],[object Object],[object Object],[object Object]
Trading Account ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Trading Account ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Profit and Loss Account ,[object Object],[object Object],[object Object]
Profit and Loss Account ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Profit and Loss Account ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Balance Sheet ,[object Object],[object Object]
Balance Sheet in Vertical Form ,[object Object]
 

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Basics of accounts

  • 1. BASICS OF ACCOUNTS By Anup K. Suchak
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  • 24.
  • 25.