Powerpoint presentation of BFA Foundation

1. RECORDING TRANSACTION – FLOW CHART
Transaction
Journal
Ledger
Trial Balance
Financial Statement
Analysis of financial statement
Report

2. What is an Account?
An account is a summarised record of all
transactions relating to a particular
person, a thing, or an item of income or
expense.
Name of the Account
Dr Cr

3. CLASSIFICATION OF ACCOUNTS
Accounts
Personal Accounts Impersonal
Accounts
Real Accounts Nominal Accounts
Krishna Furniture Salaries
Gopal Buildings Wages
Loan from Ratanlal Machinery Interest
Salaries outstanding Vehicles Rent
Insurance pre-paid Cash

4. RULES OF DEBIT AND CREDIT
Real Accounts
Debit what comes in
Credit what goes out
Nominal Accounts
Debit expenses and losses
Credit income and gains
Personal Accounts
Debit the receiver
Credit the giver

5. JOURNAL
Date Particulars L.F. Debit Amt. Credit Amt.

6. LEDGER
Name of Account
Date Particulars J.F. Amt. Date Particulars J.F. Amt.
Rs. Rs.