Accounting basics for beginners

This course consists of the next points:

1. Accounting fundamentals:

· Be taught concerning the primary basis of accounting and book-keeping

· Perceive how an accounting equation works

· Perceive the distinction between book-keeping and accounting

· Perceive the significance of studying book-keeping and accounting

2. Double-entry book-keeping

· Perceive the methodology of utilizing double-entry book-keeping

· Perceive some great benefits of utilizing double-entry book-keeping

· Perceive the right use of debit and credit score

· Perceive the method of recording the transactions beneath this technique

· Perceive the method of recording transactions utilizing varied enterprise paperwork

· Study totally different codecs of accounts

· Be taught the method of getting ready journals and ledgers

· Be taught concerning the means of getting ready journals

· Be taught concerning the means of getting ready ledgers

· Be taught concerning the means of getting ready a money guide

· Be taught concerning the reductions like commerce low cost and money low cost

3. Monetary Statements

· Discover ways to put together a trial stability

· Talk about the errors not traced by trial stability

· Perceive the way to put together the monetary statements utilizing a trial stability

· Be taught concerning the means of getting ready monetary statements – Revenue assertion and Assertion of Monetary Place

· Be taught concerning the primary adjustment of closing inventories

· Be taught concerning the primary adjustment of revenue for the yr

· Perceive the codecs of Revenue statements and Statements of monetary place

· Perceive the distinction between totally different belongings and liabilities