Learn Accounting

[Jalal]

Dear Viewers,
Here i give some basic idea about accounting with presentation. I hope it helps to learn accounting and easily can understand overall knowledge of accounting.

[Jalal]

Name:            
Accounting Transactions
Accounting Equation   Assets = Liabilities + Owners' Equity
 When Assets/Expense Increases   
Debit
When Assets/Expense Decreases   
Credit
When Liabilities/Income Increases   
Credit
When Liabilities/Income Decreases   
Debit
 Please give example with narration
1   Assets - DR (inc)
Liabilities - CR (inc)
   
2   Assets - DR (inc)
Equity - CR (inc)
   
3   Assets - DR (inc)
Revenue - CR (inc)
   
4   Assets - DR (inc)
Expense - CR (dec)
   
5   Liabilities - CR (inc)
Equity - DR (dec)
   
6   Liabilities - CR (inc)
Revenue - DR (dec)
   

[goodboy]

I think this is the most noble post from you, Mr. Jalal. Your thinking of spreading basics of accounting information is really helpful for the students, which can ultimately enrich the core concept.

Thank you for your post. These things will help me & the students also!!

[Jalal]

Thank u brother. Most Student fears on accounting subject. I try to remove their fairness about accounting. To keep accounting as a simple subject. Now, i give Bank reconciliation statement and question of ICAB on Accounting subject and an e-book of ACCA subject.

[Jalal]

Here i post the standards of Accounting also known as International Accounting Standards (IAS). Hope, it willbe helpful.

[sethy]

This post really help us.

[nature]

In my personal view point Accounting is the very complicated and not easy subject. But from follow this post i have learn some thing about the accounting subject.

[goodboy]

The attachments that you've added with your thread is very useful to study. Really the study of Accounting is remarkable in the field of productivity & development.

Thanks to Mr. Jalal.

[hasibur rahaman]

Nice and Informative post. Please carry on Mr. Jalal. Thank you for sharing those informations and attachments.

[nfeoffice]

it is appreciable effort of learning Accounting, carry onnnnnn

thanks, 

[sajib]

Accounting Equation:

The three basic elements of accounting are assets, liabilities and owners' equity (capital). The assets represent the things of value that a business owns. The liabilities are the claims of the creditors against those assets. The owner's equity (capital) is the claim of the owner against those assets. Whatever is not claimed by the creditors belongs to the owner. As a result, the total claims against the assets are always equal to the total assets. This equality between the assets and the liabilities and the owner's equity is expressed by the "accounting equation".

Assets    =    Liabilities    +    Owner's Equity

Example:
Mr. Naveed purchased a building for $2,00,000. This transaction brought two changes—cash (asset) decreased by $2,00,000 and Building (a new asset) increased by $2,00,000. Now the equation will be;



  Assets    =   Liabilities   +   Owner's equity
________________________________________       
Cash   +   Building   =           Capital
$300,000   +   200.000   =   Nil   +   $500.000

[hasibur rahaman]

Thanks for numerical example..

[saratasneem]

Good initiative.

[saja]

Thanks Mr jalal for providing valuable information about accounting.

[tree]

This information obviously easy to accounting but i really didn't like this course