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What is Accountancy?

Abhishek
01/09/2020 0 0

ॐ श्री सरस्वत्यै नमः

We all know this subject very well from our childhood. Remember those days of childhood when we share toffee and chocolates with your brother, sister and friends; we use to either keep more or give less, which means we hate to get less. Consider this less as LOSS. 

Then we grew up a little bit when parents started to give us pocket money, and our relatives gave us lifafa. Forget those lifafa as our parents use to keep those lifafas always. So what remains with us in only the pocket money provided by our parents and we use to give them "hisab". That where and how much we had spent. This hisab is the accounts which we use to write in a paper or a diary. 

In this subject, we will learn to keep the more FORMAL hisab with some fancy words or terms. That is all. Being honest with you friends, you don't need a tutor for this subject. You know this subject very well.

All the best for your brightest future friends!

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SAHIL COMMERCE CENTRE

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Rules of debit and credit
Personal account: Debit the receiver and credit the giverReal account: Debit what comes in and credit what goes outNominal account: Debit all expenses & losses and credit all incomes & gains
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