Accounting courses in Chandigarh.

Slides:



Advertisements
Similar presentations
ACCT 2110 GENERAL LEDGER. ACCOUNTING EQUATION n Assets = Equities n Assets = Liabilities + Owner’s equity.
Advertisements

Financial Accounting Review McGraw-Hill/Irwin © 2009 The McGraw-Hill Companies, Inc.
An accounting device used to analyze transactions is a called a/an ____________ T ACCOUNT.
AC 113- Unit 3 Chapter 2.
McGraw-Hill/Irwin © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. 1-1 McGraw-Hill/Irwin © 2008 The McGraw-Hill Companies, Inc., All Rights.
Accounting Unit. MSBCS-BCSIII-5: The students will examine basics of accounting. a) Define credits and debits. b) Identify account types (assets, liabilities,
Financial Statements Q&A. Name a type of Financial Statement?
©NETg, The Accounting Cycle, Revised Edition The Accounting Cycle Welcome to.
For Every Debit There Is A Credit OR Debits = Credits.
1 Chapter 4 - Ledger Notes. 2 Record increases and decreases in a specific asset, liability, equity, revenue, or expense item. Debit = “Left” Credit =
1 Copyright © 2013 McGraw-Hill Ryerson Limited LO4 Differentiate between the different types of adjusting journal entries and understand their purposes.
Acquiring and Organizing Management Information Chapter 3.
Buying equipment with Cash 1 Equipment (Asset) Cash (Asset) + - Debit Credit Debit Credit.
HFT 2403 Financial Accounting Exam 1 Review Summer 2006.
Learning Accounting = Creating Wealth Accounting Equation RAHUL JAIN (Striving for excellence) BCOM (H), MBA, FCS.
Basic Rules of an Accounting System The Matching Principle: Accruals and Deferrals.
What financial statement uses net income (or net loss) taken directly from the income statement?
Chart of Accounts.
Chapter 4 The Accounting Cycle
Accounting Theory.  Accounting Period Cycle ◦ Preparing financial statements at the end of each fiscal period  Adjusting Entries ◦ Journal entries recorded.
© 2006, Educational Institute Chapter 1 Introduction to Accounting Hospitality Industry Financial Accounting 3 rd Edition (260TXT or 260CIN)
1. »Are vital because a business cannot exist without cash flow »Focus on the following: –creating up-to-date, accurate financial statements –making a.
ADJUSTED TRIAL BALANCE
Financial Statements A set of Financial Statements consist of four related accounting reports that summarizes the financial resources, obligations, profitability.
TRANSACTIONS THAT AFFECT OWNER’S INVESTMENT, CASH AND CREDIT.
Group 4 P9-5. A. Debit Credit Wages expense (+E, -SE) $3,600 Wages payable (+L)..………… $3,600 Wages payable (+L)..………… $3,600 Stockholders Stockholders.
Chapter 24 Accounting for Accrued Revenue and Expenses.
ACCOUNITNG. PURCHASE SHARES OF WHICH COMPANY? WHAT IS ACCOUNITNG ? BUY CAR ON CREDIT OR ON CASH? HOW WELL THE BUSINESS IS GOING? HOW MUCH TAXES SHOULD.
ACC 290 Week 1 DQ 2 What are debits and credits? How are debits and credits used to record business transactions? Why do accountants debit asset accounts.
6.00 Understand Financial Analysis
Extending Financial Statement Information on a Work Sheet
sundar Shrestha Deputy Director Of Studies NAsc
How to do Cash Flow Statements
Review of the Accounting Cycle
BASIC FINANCIAL STATEMENTS
Chapter 6 Work Sheet for a Service Business
Hospitality Accounting in Action
6.00 Understand Financial Analysis
Introduction to Accounting
The Accounting Cycle: Step 4
6.00 Understand Financial Analysis
© 2008 The McGraw-Hill Companies, Inc., All Rights Reserved.
Debit Credit Review Questions
Introduction to Accounting
PEMBELIAN Balance Sheet
Appendix A: Comprehensive Review Problem
Financial Statements Review
6.00 Understand Financial Analysis
إعداد القوائم المالية Preparation of Financial Statements
PB 5.
General Money Management & Personal Savings and Investment
Extending Financial Statement Information on a Work Sheet
Chapter 1, 2, 3 Review.
Business Transactions and the Accounting Equation
Financial Records and Financial Statements
CHAPTER 16 FINANCIAL ANALYSIS OF A BUSINESS
LESSON 6-3 Extending Financial Statement Information on a Work Sheet
Understanding Principles of Accounting
Chapter One 12 Words.
Point 4 The double-entry system
Point 6 Financial Statements
Extending Financial Statement Information on a Work Sheet
Financial Accounting II Lecture 20
Analyzing Transactions
The GREAT Academy Marketing and Entrepreneurship Lab Chenyu Liu
Financial Statements.
Extending Financial Statement Information on a Work Sheet
Extending Financial Statement Information on a Work Sheet
Simpson Company experienced the following events during Year 1.
Presentation transcript:

Accounting courses in Chandigarh

Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations. It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information.

basics of accounting? Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. You will become familiar with accounting debits and credits as we show you how to record transactions.

Accounts Payable - Accounts Payable are liabilities of a business and represent money owed to others. Accounts Receivable - Assets of a business and represent money owed to a business by others. Accrual Accounting - Records financial transactions when they occur rather than when cash changes hands.

types of accounts?

CBitss Technologies