This document provides an overview of accounting concepts including financing, investing, the accounting equation, debits and credits, T-accounts, and different types of accounts. It discusses how financing occurs on the right side of the accounting equation and represents sources of money, while investing occurs on the left side and represents the use of money. The key accounting equation assets = liabilities + owner's equity is also explained. Common account types are defined including assets, liabilities, owner's equity, revenues/gains, and expenses/losses. The document also demonstrates how transactions are recorded using debits and credits in T-accounts and journals.
Fundamentals of Accounting / Introduction of AccountingAfzalur Rahman
1.01 Meaning and Definition of Accounting
1.02 Attributes (Characteristics) of Accounting
1.03 Functions of Accounting
1.04 Accounting Process
1.05 Book Keeping
1.06 Objectives of Accounting
1.07 Advantages of Accounting
1.08 Limitations of Accounting
1.09 Users of Accounting Information
1.10 Systems of Accounting
1.11 Basis of Accounting
Fundamentals of accounting showcased the basic approach to understanding and managing accounting systems in a simplified manner. Personnel in accounting and financial reporting roles would find the presentation a practice and refresher material for successful bookkeeping and financial reports.
Fundamentals of Accounting / Introduction of AccountingAfzalur Rahman
1.01 Meaning and Definition of Accounting
1.02 Attributes (Characteristics) of Accounting
1.03 Functions of Accounting
1.04 Accounting Process
1.05 Book Keeping
1.06 Objectives of Accounting
1.07 Advantages of Accounting
1.08 Limitations of Accounting
1.09 Users of Accounting Information
1.10 Systems of Accounting
1.11 Basis of Accounting
Fundamentals of accounting showcased the basic approach to understanding and managing accounting systems in a simplified manner. Personnel in accounting and financial reporting roles would find the presentation a practice and refresher material for successful bookkeeping and financial reports.
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.
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.
This is a PowerPoint I created for grade 10 on my second prac. I decided that having students just sit there and listen to me talk about accounting would not create the best learning outcome. Whilst the first few slides of the PowerPoint are them sitting there listening and copying information into their books further down in the PowerPoint the students are getting up from their seats and writing on the white board where the power pint is displayed. This is part of a game where they must fill in the blanks left on one of the 'game slides'. The PowerPoint has also left blanks where the teacher can write on the white board. For example when the class is solving problems for the first time the teacher shows an example of how to do it by writing on the white board, then the class does one together where the teacher writes on the board but with class input.
I hope this example of my previous use of ICT can help other pre-service teachers understand how ICT's can be used in a collaborative matter.
Enjoy! Jescynda.
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
Full download http://alibabadownload.com/product/fundamentals-of-business-mathematics-in-canada-canadian-2nd-edition-jerome-solutions-manual/
Fundamentals of Business Mathematics in Canada Canadian 2nd Edition Jerome Solutions Manual
This powerpoint presentation is created by Gyanbikash.com for the students of class nine to ten from their accounting NCTB textbook for multimedia class.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
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The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
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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 swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
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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
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
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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.
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
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Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Unit 3 Debits and Credits
1. Unit 3
Debits and Credits
ACCOUNTING & FINANCE
ORCUTT ACADEMY HIGH SCHOOL
VIEW THE TEXT AT
WWW.ACCOUNTING-BASICS-FOR-STUDENTS.COM/DOUBLE -
ENTRY-ACCOUNTING.HTML
2. Financing
Financing is the act of getting money.
Financing means where you get your money from.
Financing is the source of money.
3. Financing
Occurs first
Can be obtained from
the owner
a lender
the profit you make.
4. Investing
Investing is the spending of money.
One can spend money on (invest in)
things that provide only immediate benefits (expenses)
things that provide continuing benefits into the future (assets)
9. Assets and Liabilities
Assets increase on the left, thus an increase in assets is
Investing
Assets decrease on the right, thus a decrease in assets is
Financing
Liabilities increase on the right, thus an increase in
liabilities is
Financing
Liabilities decrease on the left, thus a decrease in assets
is
Investing
10. Owner’s Equity
Owner’s Equity is on the right side of the accounting
equation.
Income is an increase in owner’s equity.
Income is considered “financing.”
Expenses decrease owner’s equity, so they increase on the left.
Expenses are considered “investing.”
11. 3-2 Intro to Debits and Credits
WHAT IS AN ACCOUNT?
DOUBLE ENTRY ACCOUNTING
DEBITS AND CREDITS
ACCOUNTING FOR STUDENTS P. 5 2 -53
DEBITS AND CREDITS P. 1 -4
12. What is an account?
A record of a business transaction.
May list as few as thirty accounts or as many as
thousands.
Balance sheet accounts are listed first, followed by
the income statement accounts.
13. Accounts
Organized in the chart of accounts as follows:
Assets
Liabilities
Owner's (Stockholders') Equity
Revenues or Income
Expenses
Gains
Losses
Balance Sheet
Accounts
Income Statement
Accounts
14. Double Entry Accounting
Every business transaction is recorded in at least two
accounts.
One account will receive a "debit" entry, meaning the
amount will be entered on the left side of that
account.
Another account will receive a "credit" entry,
meaning the amount will be entered on the right side
of that account.
15. Examples of Double Entry
When a company borrows $1,000 from a bank, the
transaction will affect the company's Cash account and the
company's Notes Payable account. When the company
repays the bank loan, the Cash account and the Notes
Payable account are also involved.
If a company buys supplies for cash, its Supplies account and
its Cash account will be affected. If the company buys
supplies on credit, the accounts involved are Supplies and
Accounts Payable.
If a company pays the rent for the current month, Rent
Expense and Cash are the two accounts involved.
If a company provides a service and gives the client 30 days in
which to pay, the company's Service Revenues account and
Accounts Receivable are affected.
16. More than two accounts
An example of a transaction that involves three
accounts is a company's loan payment to its bank of
$300.
This transaction will involve the following accounts:
Cash, Notes Payable, and Interest Expense.
17. Debits and Credits
Traced back five hundred years
For every transaction, you must debit at least one
account and credit at least one account.
To debit an account means to enter an amount on
the left side of the account.
To credit an account means to enter an amount on
the right side of an account.
18. Debit
Generally these types of accounts are increased with
a debit:
Dividends (Draws)
Expenses
Assets
Losses
You might think of D – E – A – L when recalling
the accounts that are increased with a debit.
19. Credit
Generally these types of accounts are increased with
a credit:
Gains
Income
Revenues
Liabilities
Stockholders' (Owner's) Equity
You might think of G – I – R – L – S when recalling
the accounts that are increased with a credit.
20. Debits and Credits
To decrease an account you do the opposite of what
was done to increase the account. For example, an
asset account is increased with a debit. Therefore it is
decreased with a credit.
21.
22. 3-3 T-Accounts and Journals
T-ACCOUNTS
EXAMPLE 1
EXAMPLE 2
JOURNAL ENTRIES
EXAMPLE 1
EXAMPLE 2
23. T-Accounts
A visual aid for seeing the effect of debits and
credits on a particular account.
Every transactions affects two or more accounts,
so it is recorded in two or more T-accounts
25. Example 1
On June 1, 2012 a company borrows $5,000 from its
bank.
Asset Account: Cash
Increase by $5,000
Debit
Liability Account: Notes Payable
Increase by $5,000
Credit
26.
27. Example 2
On June 2, 2012 the company repaid $2,000 of the
bank loan.
Asset Account: Cash
Decrease by $2,000
Credit
Liability Account: Notes Payable
Decrease by $2,000
Debit
28.
29. Journal Entries
Another way to record transactions
Lists
the date
the account to be debited and the corresponding amount
the account to be credited and the corresponding amount
The accounts to be credited are indented.
30.
31. 3-5 Revenues and Gains
REVENUE ACCOUNT S
NORMAL BALANCE
CONTRA ACCOUNTS
EXAMPLE 1
EXAMPLE 2
DEBIT S AND CREDIT S P.
32. Revenue Accounts
Accounts:
Sales
Service Revenues
Interest (or
Interest Income)
Gain on Sale of
Assets
34. Contra Accounts
Accounts with balances that are the opposite of the
normal balance are called contra accounts.
Sales Returns
Sales Allowances
Sales Discounts
Why would these accounts have debit balances?
They are reductions to sales
They represent a decrease in revenues
35. Example 1
Your company performed a service and was
immediately paid the full amount of $50 for the
service.
Asset Account
Cash
Debit
Revenue Account
Service revenue
Credit
36. Example 2
Your company performed a service on credit and
invoiced the customer $400.
Asset Account
Accounts Receivable (Debtors)
Debit
Revenue Account
Service Revenues
Credit
37. 3-6 Expenses and Losses
EXPENSE ACCOUNTS
NORMAL BALANCE
EXAMPLE 1
EXAMPLE 2
DEBITS AND CREDITS P. 9 -11
39. Expenses = Debit
Think "debit" when expenses are incurred
A debit increases the balance in an expense account
A credit decreases the balance.
We credit expenses only to reduce them, adjust them, or to
close the expense accounts.
Why are expenses a debit?
They represent a DECREASE in Equity
40. Example 1
On June 1, your company paid $800 to the landlord
for the June rent.
Asset Account
Cash
Credit
Expense Account
Rent Expense
Debit
41. Example 2
Your hourly paid employees work the last week in
the year but will not be paid until the first week of
the next year. At the end of the year, the company
makes an entry to record the amount the employees
earned but have not been paid.
Expense Account
Wages Expense
Debit
What other type of account is affected?
A payable account, such as “wages payable”
Credit
44. What about Capital and Drawings?
Capital = Credit or Debit?
Credit
Drawings = Credit or Debit?
Debit
Notice the alliteration
Capital – Credit
Drawings – Debit
49. IF Formula
In Cell B26
=IF(B25>C25,(B25-C25))
Makes sure the balance goes into either the debits or credits column.
The balance goes into whichever total is greater.
This should be the “normal balance for the account.
In Cell C26
=IF(C25>B25,(C25-B25))
In Cell D26
=IF(D25>E25,(D25-E25))
In Cell E26
=IF(E25>D25,(E25-D25))
50. Ramona’s Floral Shop
Open your Dr Cr Template
Save as “Last Name Ramona’s”
Record the transactions for Ramona’s Floral Shop on
your Dr Cr Excel Worksheet
Check your work and submit online
51. 4 Companies
Open your Dr Cr Template
Save as “Last Name 4 Companies”
Copy/Paste table to 4 sheets
Use “Paste Special”
“Keep Source Column Widths”
Record the financial transactions for each company.
Check your work and submit online.
52. Company 1: Bell’s Computer’s
1. Bell invested $60,000 in a computer company.
Bank
Debit
Capital
Credit
2. Bought computer equipment for $7,000.
Equipment
Debit
Bank
Credit
3. Bell paid personal telephone bill from company checkbook, $200.
Bank
Credit
Drawings
Debit
53. Company 1 cont…
4. Received cash for services rendered, $14,000.
Bank
Debit
Income
Credit
5. Billed customers for services rendered for month, $30,000.
Debtors
Debit
Income
Credit
6. Paid current rent expense, $4,000.
Bank
Credit
Expenses
Debit
7. Paid supplies expense, $1,500
Bank
Credit
Expenses
Debit