- The document discusses Accounting Fundamentals for an Afterschool program that aims to develop social entrepreneurs through comprehensive training programs. - It provides examples of basic accounting entries and explains concepts like capital raising, purchases, sales returns, depreciation, and winding up of companies. - The Afterschool program offers flexible specializations and aims to promote entrepreneurship, social development, and spirituality through case-based learning and industry collaboration.

1. ACCOUNTING FUNDAMENTALS AFTERSCHO☺OL – DEVELOPING CHANGE MAKERS CENTRE FOR SOCIAL ENTREPRENEURSHIP PGPSE PROGRAMME – World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship OPEN FOR ALL FREE FOR ALL

2. ACCOUNTING FUNDAMENTALS Dr. T.K. Jain. AFTERSCHO☺OL Centre for social entrepreneurship Bikaner M: 9414430763 [email_address] www.afterschool.tk , www.afterschoool.tk

3. WHAT WILL BE THE ENTRY WHEN YOU RAISE CAPITAL OF Rs. 5 Lakh? Cash A/ c Dr. 5 Lakh To Capital Rs. 5 Lakh

4. What is entry when you get application money on 10 lakh shares @ Rs. 10 each? Bank A/c Dr. 1 Crore To Share application Account

5. What entry will you make when you buy furniture of Rs. 1 Lakh from Mohan on credit? Furniture A/c Dr. 1 Lakh To Mohan 1 lakh

6. What entry will you make for sales return of Rs. 4000 to Kapil? Sales Return Dr. 4000 To Kapil 4ooo

7. What entry will you make for purchase return against cash of Rs. 2000? Cash A/ c Dr. 2000 To Purchase Return 20000

8. what is winding up? When a company is closed.

9. What will you prepare at the time of winding up? Realisation account Statement of Affairs.

10. What will you prepare to tally your accounts with Bank? Bank Reconciliation Statement

11. What will you prepare every month to remove errors in accounting entries? Trial Balance

12. Which statement is showing only the present status? Balance Sheet

13. What entry will you make when Bad debt of Rs. 5000 are recovered? Cash Account Dr. 5000 To Bad Debt Recovered 5000

14. An organisation not for profit? NGO Voluntary Organisation

15. Who is the person in charge of winding up operation? Liquidator

16. What is the entry when Charge is created? No accounting entry is required.

17. What will be the impact on cash flow statement, when we make payment of our Debentures? Cash Outflow

18. We charged depreciation on straight line on a machine of Rs. 10000 for Rs. 2000. (last year). This year we charge 35% reducing balance method of depreciation. What will be the entry? 35% first year 3500, for second year : 2275 thus we shall charge depreciation of 3775 and entry will Dep. A/c Dr . 3775 to Machine Account.

19. ABOUT AFTERSCHO☺OL Afterschoool conducts three year integrated PGPSE (after class 12 th along with IAS / CA / CS ) and 18 month PGPSE (Post Graduate Programme in Social Entrepreneurship) along with preparation for CS / CFP / CFA /CMA / FRM . This course is also available online also. It also conducts workshops on social entrepreneurship in schools and colleges all over India – start social entrepreneurship club in your institution today with the help from afterschoool and help us in developing society.

20. Why such a programme? To promote people to take up entrepreneurship and help develop the society To enable people to take up franchising and other such options to start a business / social development project To enable people to take up social development as their mission To enable people to promote spirituality and positive thinking in the world

21. Who are our supporters? Afterschoolians, our past beneficiaries, entrepreneurs and social entrepreneurs are supporting us. You can also support us – not necessarily by money – but by being promotor of our concept and our ideas.

22. About AFTERSCHO☺OL PGPSE – the best programme for developing great entrepreneurs Most flexible, adaptive but rigorous programme Available in distance learning mode Case study focused- latest cases Industry oriented practical curriculum Designed to make you entrepreneurs – not just an employee Option to take up part time job – so earn while you learn The only absolutely free course on internet

23. Workshops from AFTERSCHO☺OL IIF, Delhi CIPS, Jaipur ICSI Hyderabad Branch Gyan Vihar, Jaipur Apex Institute of Management, Jaipur Aravali Institute of Management, Jodhpur Xavier Institute of Management, Bhubaneshwar Pacific Institute, Udaipur Engineering College, Hyderabad

24. Flexible Specialisations: Spiritualising business and society Rural development and transformation HRD and Education, Social Development NGO and voluntary work Investment analysis,microfinance and inclusion Retail sector, BPO, KPO Accounting & Information system (with CA / CS /CMA) Hospital management and Health care Hospitality sector and culture and heritage Other sectors of high growth, high technology and social relevance

25. Salient features: The only programme of its kind (in the whole world) No publicity and low profile course For those who want to achieve success in life – not just a degree Flexible – you may stay for a month and continue the rest of the education by distance mode. / you may attend weekend classes Scholarships for those from poor economic background Latest and constantly changing curriculum – keeping pace with the time Placement for those who are interested Admissions open throughout the year Latest and most advanced technologies, books and study material

26. Components Pedagogy curriculum and approach based on IIM Ahmedabad and ISB Hyderabad (the founder is alumnus from IIMA & ISB Hyderabad) Meditation, spiritualisation, and self development Essential softwares for business Business plan, Research projects Participation in conferences / seminars Workshops on leadership, team building etc. Written submissions of research projects/articles / papers Interview of entrepreneurs, writing biographies of entrepreneurs Editing of journals / newsletters Consultancy / research projects Assignments, communication skill workshops Participation in conferences and seminars Group discussions, mock interviews, self development diaryng Mind Power Training & writing workshop (by Dr. T.K.Jain)

27. Pedagogy Case analysis, Articles from Harvard Business Review Quiz, seminars, workshops, games, Visits to entrepreneurs and industrial visits Presentations, Latest audio-visuals Group discussions and group projects Periodic self assessment Mentoring and counselling Study exchange programme (with institutions out of India) Rural development / Social welfare projects

28. Branches AFTERSCHO☺OL will shortly open its branches in important cities in India including Delhi, Kota, Mumbai, Gurgaon and other important cities. Afterschooolians will be responsible for managing and developing these branches – and for promoting social entrepreneurs.

29. Case Studies We want to write case studies on social entrepreneurs, first generation entrepreneurs, ethical entrepreneurs. Please help us in this process. Help us to be in touch with entrepreneurs, so that we may develop entrepreneurs.

30. Basic values at AFTERSCHO☺OL Share to learn more Interact to develop yourself Fear is your worst enemy Make mistakes to learn Study & discuss in a group Criticism is the healthy route to mutual support and help Ask fundamental questions : why, when, how & where? Embrace change – and compete with yourself only

31. www.afterschoool.tk social entrepreneurship for better society