SOURCES OF DOCUMENTS : VIDEO

DEAR BOYS,

WATCH THE VIDEO BELOW FOR SOURCES OF DOCUMENTS 

Comments

Post a Comment

Popular posts from this blog

2. Chapter 1: Introduction to Accounting (Continued)

Chapter 1: Introduction to Accounting (Continued) Learning objectives:  *Meaning of accounting  *Characteristics or Features or Attributes of     Accounting   * Accounting Process   * Objectives of Accounting  *  Advantages of Accounting  *  Limitations of Accounting   *  Users of Accounting Information  *  Qualitative Characteristics of Accounting Information  *  Systems of Accounting  *   Role of Accounting in Business Click the link for my Audio Recapitulation from the Previous Class Advantages of Accounting 1. Provides information about financial performance. 2.  Provides assistance to management. 3.  Facilitates comparative study:  intra firm comparison and inter firm comparison. 4. Replaces memory: it maintains systematic records. 5.  Helps in settlement of tax liability. 6.  Helpful in r...
Read more

CHAPTER 9: BOOK OF ORIGINAL ENTRY: COMPOUND ENTRY, OPENING ENTRY, TRADE DISCOUNT, CASH DISCOUNT, ANSWERS TO ASSIGNMENTS # 9 & 10

Image
LEARNING OUTCOMES: After going through this lesson, you shall be able to understand the following concepts. • Recording of a business transaction in Journal • Compound Journal Entry • Opening Entry • Trade discount and Cash discount . Compound Journal Entry In case there are more than two accounts in a transaction, then sometimes instead of passing a number of Journal entries for a single transaction we prefer to pass a single journal entry.  This single journal entry is termed as compound journal entry which involves more than two accounts in a transaction. Let's look into the following transactions: 1. Started business with cash.  2. Purchased goods for cash. 3. Sold goods on credit to X. The above transactions have simple journal entries. They are simple entries because these entries have only one debit account and one credit account.  In a transaction, where there are more than one debit or more than one credit or multiple debits and credits, th...
Read more

PRACTICE ASSIGNMENT # 15, ANSWERS TO ASSIGNMENT # 14 AND PA 1 EXAM

TASK # 1  DO THE ASSIGNMENT  GIVEN BELOW FOR PRACTICE. ASSIGNMENT # 15 JOURNALISE THE FOLLOWING TRANSACTIONS: REMEMBERING THE STEPS TO JOURNALISE: 1 Received an order of goods for Rs. 50,000 from Rinku and Received 10 % as advance. 2 Rinku's order was executed and balance money received by cheque. 3 Wages of Rs. 1,000 paid by owner from his personal funds. 4 Rent of owners personal house paid from office cash Rs. 2,000. 5 Paid Rs. 250 for subscribing for newspapers. 6 Received Rs. 700 from sale of old chairs and tables. 7 Paid interest on Loan Rs. 300. 8 Goods stolen of cost price Rs. 2,000 (sales price Rs. 3,000). 9 Paid income tax Rs. 1,000 and Life Insurance Premium Rs. 4,000. 10 Paid Life In...
Read more