logging in or signing up accounts tips and tricks vinod_kumar Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: Embed: Flash iPad Dynamic Copy Does not support media & animations Automatically changes to Flash or non-Flash embed WordPress Embed Customize Embed URL: Copy Thumbnail: Copy The presentation is successfully added In Your Favorites. Views: 145 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: January 03, 2012 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript PowerPoint Presentation: Tips and Tricks of Accountancy By : Vinod Kumar www.webaccountsguru.com E-mail : email@example.comPowerPoint Presentation: Book used for tips and tricks : “Ultimate book of Accountancy” For Class XI and XIIPowerPoint Presentation: Understanding opening capital & Closing Capital Capital 50,000 Add N/P 5,000 55,000 Add additional capital 3,000 52,000 Add interest on capital 2,000 50,000 Less Drawing 12,000 48,000 Less interest on Drawing 2,000 46,000 Opening Capital Closing CapitalPowerPoint Presentation: Understanding of Assets & Liabilities Capital Fixed Assets Reserves Current Assets Outsiders Liability Misc. Expenditures ( Fictitious Assets) Balance Sheet Capital + Reserves – Fictitious Assets = Shareholders FundPowerPoint Presentation: Outsiders Liabilities Creditors B/P Bank Overdraft Loan Outstanding Exp.PowerPoint Presentation: Fictitious Assets & Exp. Misc. Expenditure Preliminary Exp. Differed Revenue Exp. Advertisement suspense Underwriting Commission Discount on issue of Shares or DebenturesPowerPoint Presentation: Understanding of Personal Real & Nominal A/c Capital Fixed Assets Reserves Current Assets Outsiders Liability Misc. Expenditures ( Fictitious Assets) Capital = Personal A/c Assets = Real A/c Expenses = Nominal A/cPowerPoint Presentation: How to Prepare Any Account Identify which account you are going to prepare Preparation of Asset Account 2. Preparation of Liability AccountPowerPoint Presentation: Preparation of Asset Account Particulars Amount Particulars Amount Opening Balance Items by which this A/c Is increasing Closing Balance Items by which this A/c is decreasing Liability A/c is opposite to Asset A/cPowerPoint Presentation: Example : Machinery (opening balance ) 50,000, purchase of machinery 3,000, Depreciation on machinery 5,000, sale of machinery 15,000 Particulars Amount Particulars Amount Opening Balance Cash 50,000 30,000 Depreciation Cash Closing Balance (Bal. Fig.) 5,000 15,000 60,000 Machinery A/cPowerPoint Presentation: How to make Journal entries Particulars Amount Particulars Amount Sale Ram Machinery 2,000 3,000 5,000 Purchase Rent Bank 5,000 1,000 4,000 Cash A/cPowerPoint Presentation: Understanding of Capital and Revenue Capital Exp. Benefits of which we will enjoy for a long time or in future Revenue Exp. Related to current yearPowerPoint Presentation: Understanding of overvalued & undervalued Increase & Decrease Understand the words Increased by or Decreased by Increased to or Decreased toPowerPoint Presentation: Understanding of Trading A/c Particulars Amount Particulars Amount Opening Balance Purchase ………. Less Return ……… All Direct Exp. Sale ……. Less Return ……. Closing Stock Calculate missing items by preparing trading A/cPowerPoint Presentation: Effect of closing stock on profit If closing stock increasing If closing stock decreasing Now Think about opening stockPowerPoint Presentation: Understanding of P/L P/L (Loss) Dr. Balance is Asset Balance P/L (Profit) Cr. Balance is Liability BalancePowerPoint Presentation: While doing the accounting transactions Treat Yourself as business or company Otherwise there is 100% chance of mistakePowerPoint Presentation: Contact Now : Ph: 0172-2210596, 2215045, 6538576. Fax: 0172-2211596. Email: firstname.lastname@example.org Sales Offices: Delhi: 098182 70717, Mumbai: 022-26775273, Bangalore: 097799 45740, Kolkata: 093310 03099, Jammu: 094191 84952, Lucknow: 088594 66488 Indore: 094240 90452, Ranchi: 092165 21167, Guwahati: 0361-2604065, Hyderabad: 092165-20167, Patna: 080024 17296, Cuttack: 0671 2519648 You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.