Accountancy

We all know that the basic of accounts divided into 3 major stages 1) Cost Accounting, 2) Financial Accounting And 3) Managment Accounting.

Under Basics of Financial Accountaning the stages of 1) bookkeeping & 2) Accounting (Double Entry System & Singal Entry System)

So, We all know that booking is the simple format of collecting information about transaction & then we put-it down in accounting format using accounting basic rule.

The accounting (Under Double Entry System) basic rule is called the "G O L D E N  R U L E", it say's the 3 division of accounting with Dr. & Cr.  : 1) Personal A/c (Exp. Ram A/c, R.K. Group & Co. All Sundry Debtors & Sundry Creditors A/c etc..), Dr. Side the Receiver & Cr. Side the Giver

2) Real A/c (Exp. Cash A/c, Building A/c, Machinery A/c, etc...)  Dr. Side Whats Comes in & Cr. Side Whats Goes Out  .....................And

3) Nominal A/c (Salary A/c, Rent A/c, Wages A/c, etc...) Dr. Side All Expenses & Losses  And Cr. Side All Incomes & Gains.

I hope you all students understand the basic meaning of Accounting through myshort lecture.

Thank you & Happy Learing ...............