Fundamentals Of Accounting

Benefits Of the Class:

a. This course will give you a basic understanding of accounting fundamentals and will help you to solve all major problems relating to journal entries, preparation and presentation of financial statements.

b. How to present a problem in exam

c. Where students are lacking in accounts

d. Tips for the students who are preparing for Class 11 and 12 Accounts

e. Some Practical problems on various topics.

Learning Outcomes:

a. Golden Rules Of Accounting: Three important golden rules of accounting. 

b. Journal Entry: What comes under Incomes and What Comes under expenses, Different types of journal entries and adjustments.

c. Preparation Of Ledgers: Different types of ledger accounts with a practical example.

d. Preparation Of Trail Balance: Format of trail balance and explanation of debit items and credit items in trail balance, Using suspense account.

e. Trading and P&L A/c: Format of Trading and P&L A/c and it's Line items. 

f. Balance Sheet: Formula of balance Sheet and line items of balence sheet with practical problem.