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Double Entry Bookkeeping Training at Globalnest Solutions.

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Presentation on theme: "Double Entry Bookkeeping Training at Globalnest Solutions."— Presentation transcript:

1 Double Entry Bookkeeping Training at Globalnest Solutions

2 Objective Explain basic accounting to programmers

3 Advantages to you

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7 Trainee

8 I hear and I forget. I see and I remember. I do and I understand.

9 Session 1 Plan for three sessions Rules of Accounting Books of Accounts Case 1 (Trial Balance) Case 2 (Trading A/c, P&L A/c)

10 Session 2 Case 3 Inventory Depreciation Provisions Loans Cash Flow Accruals

11 Session 3 Case 4 Trading Account Profit & Loss Account Balance Sheet Q & A

12 Rules of Accounting 1.Debit what comes in. Credit what goes out. 2.Debit the receiver. Credit the giver. 3.Debit the expenses/losses. Credit incomes/gains.

13 Books of Accounts Journal (Book of Prime Entry) Ledger

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