Accounting is the language of business, an instrument of administration and commerce and a technique of financial reporting of all activities in a company. Information provided by Accounting is useful to the management for the effective planning, control and decision making in a company. This course explains all the features, functions and steps of Indian Accounting with examples.
Curriculum
- 8 Sections
- 42 Lessons
- 12 Hours
- Introduction to Accounting4
- Basic Accounting Concepts4
- Types of Accounts3
- Recording Transactions6
- Classifying Transactions5
- Summarizing Transactions2
- Financial Statements11
- 8.1Ascertaining Profit or Loss
- 8.2Introduction to Trading & Profit & Loss
- 8.3Generation Profit & Loss Account
- 8.4Construction of Profit & Loss Account
- 8.5Combined Trading & Profit & Loss Account
- 8.6Consideration of Individual Items
- 8.7Manufacturing Account
- 8.8Balance Sheet – A Statement of Position
- 8.9Characteristics of Balance Sheet
- 8.10Distinction between Revenue & Capital
- 8.11Construction of Balance Sheet
- Adjusting & Closing Entries7