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Foundations of Accounting

Foundations of Accounting. Accounting Process Dr. Arun Lende Faculty – Accounting and Finance IBS- Ahmadabad. Vouchers. Transactions. Journal Entries. Accounting Process. Subsidiary Books Purchase book Sales book Purchase return book Sales return book Cash book

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Foundations of Accounting

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  1. Foundations of Accounting

    Accounting Process Dr. Arun Lende Faculty – Accounting and Finance IBS- Ahmadabad
  2. Vouchers Transactions Journal Entries Accounting Process Subsidiary Books Purchase book Sales book Purchase return book Sales return book Cash book Bills receivable book Bills payable book Journal proper Adjustments Trial Balance Ledger Posting Trading-Account Profit & Loss Account Balance Sheet
  3. Transactions
  4. Exercise – page 20
  5. Cash comes in Cash goes out First effect Second effect Cash Transactions To find second effect ask following questions. You will get answer only to any one question Who is the giver? What goes out? Which is income or gain? To find first effect ask following questions. You will get answer only to any one question Who is the receiver? What comes in? Which is expense or loss?
  6. How to write a journal entry?
  7. First effect Second effect Non-Cash Transactions To find second effect ask following questions. You will get answer only to any one question Who is the giver? What goes out? Which is income or gain? To find first effect ask following questions. You will get answer only to any one question Who is the receiver? What comes in? Which is expense or loss?
  8. How to write a journal entry?
  9. Ledger posting
  10. Ledger posting
  11. Balancing a ledger account
  12. Trial Balance as on 31st Jan……
  13. Adjustments Closing stock valued at Rs 1200 Deprecation on furniture charged at 10% under SLM Salary out standing Rs. 100 Pre paid insurance Rs. 10 Provision for bad debts at 10% on debtors
  14. Preparing Final Accounts Rules Debit side items of trial balance will be posted to debit sides of final accounts and credit side items of trial balance will be posted to credit sides of the final accounts. All adjustments will have two effects one debit and one credit of equal amount
  15. Preparing Final Accounts
  16. Trial Balance as on 31st Jan……
  17. Preparing Final Accounts [no adjustments]
  18. Preparing Final Accounts [with adjustments]
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