This document discusses key accounting concepts such as accounts, ledgers, debits and credits, journals, and trial balances. It provides examples to illustrate how to record business transactions using double-entry accounting. Specifically, it shows a journal entry to record an initial investment in a business. It also demonstrates how to post journal entries to accounts in the general ledger and prepare a trial balance to check the equality of debits and credits.
This presentation aims:
– To understand the purpose of the Statement of Changes in Equity
– To appreciate that the presentation of the Statement of Changes in Equity is dependent on the form of business organization
– To identify the elements of the Statement of Changes in Equity
– To determine the nature of the different equity accounts used by corporations
– To prepare a Statement of Changes in Equity
Material for PGPSE participants of AFTERSCHOOOL CENTRE FOR SOCIAL ENTREPRENEURSHIP. PGPSE is an entrepreneurship oriented programme, open for all, free for all.
Basics of Accounting. Principles and concepts of Accounting
what is Double Entry System of Accounting?what Financial Statements?
Accounting is a process of identifying, recording, summarising and reporting economic information
to decision makers in the form of financial statements.
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.
This presentation aims:
– To understand the purpose of the Statement of Changes in Equity
– To appreciate that the presentation of the Statement of Changes in Equity is dependent on the form of business organization
– To identify the elements of the Statement of Changes in Equity
– To determine the nature of the different equity accounts used by corporations
– To prepare a Statement of Changes in Equity
Material for PGPSE participants of AFTERSCHOOOL CENTRE FOR SOCIAL ENTREPRENEURSHIP. PGPSE is an entrepreneurship oriented programme, open for all, free for all.
Basics of Accounting. Principles and concepts of Accounting
what is Double Entry System of Accounting?what Financial Statements?
Accounting is a process of identifying, recording, summarising and reporting economic information
to decision makers in the form of financial statements.
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.
Accounting - Lesson 3 : The Business Transactions Elearningpower
This Video online accounting course is
designed for those with little or no
experience in bookkeeping or accounting
and may be of interest to those looking to
review their basic knowledge of accounting.
Accountancy 12th class project work(Both Comprehensive and specific)Himanshu Mishra
I have uploaded Accountancy 12th class project work(Which Includes Both Comprehensive and specific) as per latest CBSE guidelines 2015 . This project consist of 52pages where i have uploaded 32 pages (Ledger accounts and introduction have been depleted which you can write on your own)
If any query please persist hmishra678@gmail.com (Himanshu Mishra)
This material is a part of PGPSE / CSE study material for the students of PGPSE / CSE students. PGPSE is a free online programme for all those who want to be social entrepreneurs / entrepreneurs
The Journal of Accounting is devoted to publishing research-based papers on key aspects of accounting of relevance to practitioners, academics, trainers, students and professional bodies. Devoted to the advancement of accounting knowledge, it provides a forum for the publication of high quality research papers and emphasizes openness and flexibility. The journal covers following topics related to the accounting. - public accounting - managerial accounting - financial management - corporate accounting - controllership - treasury management - financial analysis - internal auditing - accounting in organizations
http://researchjournali.com/journal-of-accounting/details.php
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.
Fundamentals of Business Mathematics in Canada Canadian 2nd Edition Jerome So...kocajsa
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Fundamentals of Business Mathematics in Canada Canadian 2nd Edition Jerome Solutions Manual
Learning Objectives
•List the new features in Windows 7.
•Name the various editions of Windows 7, their intended markets, and the differences between them.
•Understand the Windows 7 system requirements.
•Determine whether an existing computer is capable of running Windows 7.
•Explain the upgrade paths to Windows 7.
•Describe the modular architecture of Windows 7.
Guide to Windows 7 - Managing File SystemsGene Carboni
This video explains how to manage file systems. Learn the file system features and limits in Windows 7. Review file and folder attributes used in the FAT and NTFS file systems. Get an explanation of file and folder permission, permission scopes and inheritance, and the impact of ownership. Learn how to use previous versions of files
Guide to Windows 7 - Using the System UtilitiesGene Carboni
This chapter provides an overview of Control Panel applets and Administrative Tools. There is also a description of the Microsoft Management Console. As well, there is in-depth coverage of how to manage hardware components, configure power management, configure the display, and use Task Scheduler.
Guide To Windows 7 - Installing Windows 7Gene Carboni
Chapter 2 illustrates how to install Windows 7. Viewers will learn about the deployment enhancements in Windows 7. In addition, Chapter 2 describes the use of Windows Easy Transfer. It explains how to use and manage Windows Imaging Format image files.
Guide To Windows 7 - Introduction to Windows 7Gene Carboni
This chapter outlines the versions of Windows 7 and the features available in each. This information enables users to determine which version is appropriate for their specific needs. The chapter also introduces new and improved features in Windows 7, including the updated user interface, hardware requirements, and system hardware support. Updated features for application support, connectivity applications, and enhanced networking models are also covered in the chapter.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
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how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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 Telegram username
@Pi_vendor_247
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how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
5. Classification of Accounts
What are some asset accounts?
– Cash
– Notes Receivable
– Accounts Receivable
– Prepaid Expenses
– Land
– Building
– Equipment
6. Classification of Accounts
What are some liability accounts?
– Notes Payable
– Accounts Payable
– Accrued Liabilities (for expenses incurred
but not paid)
– Long-term Liabilities (bonds)
7. Classification of Accounts
What are some owner’s equity accounts?
– Capital or owner’s interest in the business
– Withdrawals
– Revenues
– Expenses
8. John’s Gas Station Example
Assume that the business sold $5,000 worth
of gasoline on a given day and performed
$3,000 of repair services.
How much revenue did the business earn
that day?
$8,000
9. John’s Gas Station Example
Revenues increase John’s equity in the
business.
The business had to pay mechanics and
vendors $3,750 for the work performed
that day.
10. John’s Gas Station Example
Expenses decrease John’s equity in the
business.
How much was the net increase in John’s
equity that day?
$4,250
12. Double-Entry Accounting
Double entry bookkeeping means to record
the dual effects of each business
transaction.
Assets = Liabilities + Owner’s Equity
Assets are on the left (debit) side.
Liabilities and Equity are on the right
(credit) side.
17. One debit One credit
Each transaction is recorded with at least:
Total debits must equal total credits.
The Double-Entry System
18. John’s Gas Station Example
On July 1, John invested $500,000 in cash
and obtained a $300,000 loan to open a gas
station.
How much was the initial increase in cash?
$800,000
Which accounts were affected?
20. John’s Gas Station Example
John’s Gas Station
Balance Sheet
July 1, 2002
Assets Liabilities
Cash $800,000 Notes payable $300,000
Owner’s Equity
John, capital 500,000
Total liabilities
Total assets $800,000 and owner’s equity $800,000
22. Journals
What is a journal?
It is a list in chronological order of all the
transactions for a business.
1 Identify transaction from source documents.
2 Specify accounts affected.
3 Apply debit/credit rules.
4 Record transaction with description.
23. Journals
What does a journal entry include?
– date of the transaction
– title of the account debited
– title of the account credited
– amount of the debit and credit
– description of the transaction
– dollar signs are omitted
24. Recording Transactions
On April 2, Gay Gillen invested $30,000
in Gay Gillen eTravel.
What is the journal entry?
April 2
Cash 30,000
Gay Gillen, Capital
30,000 Received initial investment from
owner
27. Posting
What is posting?
It is the transfer of information from the
journal to the appropriate accounts in the
ledger.
28. Normal Account Balances
Assets = Liabilities + Owner’s Equity
Debits = Credits
The side where we expect increases to be
recorded is the normal balance side.
30. Accounts Payable
Gay Gillen, Withdrawals
(1) 30,000
Bal. 30,000
(3) 500(4) 300
Bal. 200
Gay Gillen, Capital
(6) 2,000
Bal. 2,000
Liabilities and Owner’s Equity
Accounts After Posting
31. Details of Journals and Ledgers
Date Accounts and Explanation Debit Credit
April 2 Cash 30,000
Gay Gillen, Capital 30,000
Received initial
investment from owner
Journal Page 1
32. Details of Journals and Ledgers
Balance
Date Ref. Debit Credit Debit Credit
April 2 jrl 30,000 30,000
Account: Cash Account: 101
Insert the number of the journal page.
Posting
33. Details of Journals and Ledgers
Journal Page 1
Date Account and
Explanation Post Ref. Debit Credit
April 2 Cash 101 30,000
Gay Gillen, Capital 301
30,000
Initial investment
from owner
Insert the ledger account in the journal.
34. Balance
Account: Cash Account No. 101
Date Item Ref. Debit Credit Debit Credit
April 2 jr1 30,000 30,000
The Four-Column Account
Format
36. Trial Balance
What is a trial balance?
It is an internal document.
It is a listing of all the accounts with their
related balances.
Before computers, it provided a check on
accuracy by showing whether total debits
equal total credits.
37. DEBITS CREDITS
Locating Trial Balance Errors
What if it doesn’t balance ?
Is the addition correct?
Are all accounts listed?
Are the balances listed correctly?
38. Locating Trial Balance Errors
Divide the difference by two.
Is there a debit/credit balance for this
amount posted in the wrong column?
Check journal postings.
Review accounts for reasonableness.
Computerized accounting programs usually
prohibit out-of-balance entries.
40. John’s Gas Station
John is considering either purchasing a
garage for $70,000 or renting one for
$10,000 per year.
John does not need to record in the journal
all of the transactions that would affect his
decision.
Why?
41. John’s Gas Station
John has not completed a transaction yet.
However, John can visualize how the ledger
accounts will be affected.
42. Rent the garage
Buy the garage
Cash
70,000
Building
70,000
John’s Gas Station
Rent ExpenseCash
10,000 10,000