BASICS OF ACCOUNTING

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BASICS OF ACCOUNTING

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MEANING : 

AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS “ ACCOUNTING is the art of recording , classifying and summarizing in a significant manner and in terms of money , transactions and events , which are , in part at least , of a financial character , and interpreting the results there of.” MEANING

FEATURES / NATURE : 

RECORDING CLASSIFICATION SUMMARISATION INTERPRETATION FEATURES / NATURE

PowerPoint Presentation: 

ACCOUNTING CYCLE SOURCE DOCUMENTS FINANCIAL STATEMENTS TRIAL BALANCE LEDGER JOURNALS ACCOUNTING CYCLE

PowerPoint Presentation: 

TYPES OF ACCOUNTING

PowerPoint Presentation: 

TRADING ACCOUNTS PROFIT &LOSS ACCOUNTS BALANCE SHEET FINANCIAL ACCOUNTING

COST ACCOUNTING: 

TOTAL COST PER UNIT COST COST CONTROL COST ACCOUNTING

MANAGEMENT ACCOUNTING: 

PLANNING & CONTROLLING THE OPERATIONS TECHNIQUES RATIO ANALYSIS BUDGETARY CONTROL FUND FLOW STATEMENTCASH FLOW STATEMENT MANAGEMENT ACCOUNTING

TAX ACCOUNTING: 

INCOME TAX SALES TAX WEALTH TAX TAX ACCOUNTING

SOCIAL RESPONISIBILITY ACCOUNTING: 

EMPLOYMENT FINANCIAL & MANPOWER SUPPORT CUSTOMER SATISFACTION ENVIRONMENT SAFETY SOCIAL RESPONISIBILITY ACCOUNTING

MERITS: 

ACCOUNTING HELPS IN KNOWING PROFIT KNOWING FINANCIAL POSITION OF BUSINESS LIST OF CREDITORS AND DEBTORS DECISION MAKING PLANNING FOR EXPANSION MERITS

DEMERITS: 

INFLUENCED BY PERSONAL JUDGEMENT OMISSION OF QUALITATIVE INFORMATION BASED ON ACCOUNTING CONCEPTS AND CONVENTIONS BASED ON HISTORICAL COST DEMERITS

SHAPE OF ACCOUNTS: 

SHAPE OF ACCOUNTS ACCOUNT TITLE DEBITS CREDITS

THANK YOU: 

THANK YOU