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

Basic Accounting Terms ( continued)

Dear Students, Learning Objectives *Introduction  *Important Accounting Terms # Loss # Purchases # Sale # Goods # Stock # Debtor # Creditor # Voucher  # Discount # Account Introduction:  Introduction/ Recapitulation 1. Loss : Loss is the excess of total expenses over total revenue. For example, if revenues are Rs. 90000 and expenses are Rs 120000, the loss will be Rs 30000. Loss decreases the Owner's Equity. The term Loss is also used in another contexts: • Loss also refers to such activities of the business for which no benefit is received by the firm. For example, loss due to fire or theft. • Loss also arises from events of non recurring nature, like loss on sale of fixed assets. Expenses versus losses . Expense is  incurred to generate revenues, whereas, losses do not. For example, depreciation is an expense, while goods burnt by fire is a loss. • A firm may take utility/benefit or services in lieu of e...
Read more

Chapter 3: THEORY BASE OF ACCOUNTING, ACCOUNTING STANDARDS, IFRS AND GST

CHAPTER 3 THEORY BASE OF ACCOUNTING , ACCOUNTING STANDARD, IFRS AND GST Learning objectives: *Introduction  *Meaning and Nature of Accounting  Principles  *Generally Accepted Accounting Principles(GAAP)  *Fundamental Accounting Assumptions  *Accounting Principles *Accounting Standards *International Financial Reporting Standards(IFRS) *Goods and Services Tax (GST) CLICK THE LINK BELOW FOR MY AUDIO: INTRODUCTION Introduction As discussed before, accounting is concerned with identifying, recording, classifying and summarising of financial transactions and interpreting and communicating the results thereof. So, accounting aims at providing information about the financial performance of a firm to its various users such as owners, management, investors, creditors, and help them in taking important decisions. • For making the accounting information meaningful to its users, it is very important that such information ...
Read more