Basic Accounts

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Basic Accounts

Transcript of Basic Accounts

  • Topics to be covered Duration

    Accounting - an Intro & Basics .75 hourIntroductionNeed for AccountingUsers of Accounting InformationClassification of Accounting Systems - Single & Double Entry

    Accounting Basics .75 hourCash BasisAccrual BasisTypes of A/cs - Personal, Real & Nominal A/cs

    Books of Accounts 1 hourJournal EntriesGeneral LedgerTrial Balance

    Financial Statements 1 hourSome Terminologies

    CapitalDepreciationDifference between Capital & Revenue Expenditure

    Profit & Loss / Income StatementBalance Sheet

    2 hoursFull cycle Example - from Journal - Ledger - Trial Balance - Balance Sheet

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