#2 Journal Entries | Concept Behind Rules of Debit and Credit | Golden Rules of Accounts | Class 11
65.7 هزار بار بازدید -
4 سال پیش
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Types of accounts and Golden
Types of accounts and Golden Rules of Accounting in most easy way
Real, Personal, Nominal Accounts and Golden Rules of Accounting
Google Play Store (Android) Link for App Download :
https://play.google.com/store/apps/de...
Website: www.AccountsFunda.com
11th Accounts Playlist : 11th Class
12th Accounts Playlist : Playlist
Subscription
https://www.seevid.ir/c/AccountsFun...
Part 2
Real Account
• Represent the Assets and Properties Accounts:
• Classified into
1. Tangible Accounts: Land, Building, Machinery, Cash, Furniture, Vehicle Account
2 Intangible Accounts: Goodwill, Patents, Trademark etc
• Also known as balance sheet account as Real account is not closed at the end of the accounting year and are transferred to the Balance sheet
• Generally, have a Debit balance only
• Golden Rules of Accounting for Real Account
- Debit: What’s comes in
-Credit: what’s goes out
• Example: Furniture Purchased for Cash Rs 5,000
Furniture Dr ( Coming in) 5,000
To Cash ( Going Out) 5,000
Personal Account:
• It Represent the person or Business (Firms, Proprietorship Firm, Company etc)
• Can be classified into three
1. Natural Person: Vaibhav, Ram, Neha
2. Artificial Person: Reliance Industries, Wipro Ltd , HDFC Bank
3. Representative Company: Outstanding Expense , Outstanding Salary , Prepaid Rent
• They can have Debit or Credit balance
• Golden Rules of Accounting for Personal Account
-Debit the Receiver
-Credit the Giver
• Example: Cash Given to Neha Rs3,000
• Neha Account Dr (Receiver of Cash) 3,000
To Cash (Going Out) 3,000
Nominal accounts
• Related to Income / Gain and Expense /Losses Account
• All kind of Income and All kind of Expense are classified as Nominal Account
• At the end of year, they are transferred to the Trading Account or Profit and Loss Account
• Golden Rules of Accounting for Real Account
-Debit: All Expense and Losses
-Credit: All Income and Gain
• Example: Salary Rs 12,000 Paid
Salary A/c Dr ( Expense ) 12,000
To Cash ( Going Out) 12,000
Real, Personal, Nominal Accounts and Golden Rules of Accounting
This is just a Demo Video, For Full Video Please Visit www.AccountsFunda.com or Call / WhatsApp at 9549168168 for Class 11th and 12th (CBSE) Accounts.
Key Feature of Pen drive Video Lecture of Class 11 and 12th Class by CA Deepak Lalwani Jain
( www.AccountsFunda.com )
• Very Detailed Lectures (enough to score 100% in Accounts)
• Each topic has been explained in most Simplified Way Possible
• Question Bank Book Covering all the question that can be asked in exam has been explained in video lecture
• All Major book Like DK goel and TS grewal question can be easily Solved
• Past year exam question has been covered
• Focus is on Strong Fundamental and Concept (No Mugging ever)
• Query can be asked over phone, WhatsApp or Video Call (Always available for Students)
• No Internet is Required
• Full Money Back Guarantee
#GoldenrulesofAccounting
#PersonalAccountRealAccountNominalAccount
#Rulesofdebitandcredit
#UPSCAccountingPrinciple
#CBSE11Account
#Class12Account
#RulesofAccounting
what is debit, what is credit, what are golden rules of debit and credit, golden rules of accounting, basic accounting terms, financial accounting class 11th, introduction to accounting, what are accounts in accounts, classification of accounts, types of accounts, real accounts rule, nominal accounts rule, personal accounts rule, journal entries, which account is debited and credited, rules of debit and credit, golden rules, real account, accounts in hindi, learn tally erp 9 in hindi, upsc epfo syllabus, upsc epfo accounting principle
About Deepak Lalwani
• Deepak Lalwani, Chartered Accountant (CA) is known for his ability to explain accounting in a clear, concise, Simple and thorough manner.
• Deepak has Teaching experience of 12 years across Mumbai, Delhi and Jaipur
• Worked with Top Investment banking Companies across world
• Awarded “Employee of the Year” award for Excellence out of over 1,000 employees
• Even Students with no prior accounting knowledge can master accounting concept with ease.
• He has very high patience level. You can ask n number of questions to him and he will reply each question with a smile
• He is the sole author of all the content on www.AccountsFunda.com.
• He can be reached at 9549168168 ( via Call or WhatsApp)
Real, Personal, Nominal Accounts and Golden Rules of Accounting
Google Play Store (Android) Link for App Download :
https://play.google.com/store/apps/de...
Website: www.AccountsFunda.com
11th Accounts Playlist : 11th Class
12th Accounts Playlist : Playlist
Subscription
https://www.seevid.ir/c/AccountsFun...
Part 2
Real Account
• Represent the Assets and Properties Accounts:
• Classified into
1. Tangible Accounts: Land, Building, Machinery, Cash, Furniture, Vehicle Account
2 Intangible Accounts: Goodwill, Patents, Trademark etc
• Also known as balance sheet account as Real account is not closed at the end of the accounting year and are transferred to the Balance sheet
• Generally, have a Debit balance only
• Golden Rules of Accounting for Real Account
- Debit: What’s comes in
-Credit: what’s goes out
• Example: Furniture Purchased for Cash Rs 5,000
Furniture Dr ( Coming in) 5,000
To Cash ( Going Out) 5,000
Personal Account:
• It Represent the person or Business (Firms, Proprietorship Firm, Company etc)
• Can be classified into three
1. Natural Person: Vaibhav, Ram, Neha
2. Artificial Person: Reliance Industries, Wipro Ltd , HDFC Bank
3. Representative Company: Outstanding Expense , Outstanding Salary , Prepaid Rent
• They can have Debit or Credit balance
• Golden Rules of Accounting for Personal Account
-Debit the Receiver
-Credit the Giver
• Example: Cash Given to Neha Rs3,000
• Neha Account Dr (Receiver of Cash) 3,000
To Cash (Going Out) 3,000
Nominal accounts
• Related to Income / Gain and Expense /Losses Account
• All kind of Income and All kind of Expense are classified as Nominal Account
• At the end of year, they are transferred to the Trading Account or Profit and Loss Account
• Golden Rules of Accounting for Real Account
-Debit: All Expense and Losses
-Credit: All Income and Gain
• Example: Salary Rs 12,000 Paid
Salary A/c Dr ( Expense ) 12,000
To Cash ( Going Out) 12,000
Real, Personal, Nominal Accounts and Golden Rules of Accounting
This is just a Demo Video, For Full Video Please Visit www.AccountsFunda.com or Call / WhatsApp at 9549168168 for Class 11th and 12th (CBSE) Accounts.
Key Feature of Pen drive Video Lecture of Class 11 and 12th Class by CA Deepak Lalwani Jain
( www.AccountsFunda.com )
• Very Detailed Lectures (enough to score 100% in Accounts)
• Each topic has been explained in most Simplified Way Possible
• Question Bank Book Covering all the question that can be asked in exam has been explained in video lecture
• All Major book Like DK goel and TS grewal question can be easily Solved
• Past year exam question has been covered
• Focus is on Strong Fundamental and Concept (No Mugging ever)
• Query can be asked over phone, WhatsApp or Video Call (Always available for Students)
• No Internet is Required
• Full Money Back Guarantee
#GoldenrulesofAccounting
#PersonalAccountRealAccountNominalAccount
#Rulesofdebitandcredit
#UPSCAccountingPrinciple
#CBSE11Account
#Class12Account
#RulesofAccounting
what is debit, what is credit, what are golden rules of debit and credit, golden rules of accounting, basic accounting terms, financial accounting class 11th, introduction to accounting, what are accounts in accounts, classification of accounts, types of accounts, real accounts rule, nominal accounts rule, personal accounts rule, journal entries, which account is debited and credited, rules of debit and credit, golden rules, real account, accounts in hindi, learn tally erp 9 in hindi, upsc epfo syllabus, upsc epfo accounting principle
About Deepak Lalwani
• Deepak Lalwani, Chartered Accountant (CA) is known for his ability to explain accounting in a clear, concise, Simple and thorough manner.
• Deepak has Teaching experience of 12 years across Mumbai, Delhi and Jaipur
• Worked with Top Investment banking Companies across world
• Awarded “Employee of the Year” award for Excellence out of over 1,000 employees
• Even Students with no prior accounting knowledge can master accounting concept with ease.
• He has very high patience level. You can ask n number of questions to him and he will reply each question with a smile
• He is the sole author of all the content on www.AccountsFunda.com.
• He can be reached at 9549168168 ( via Call or WhatsApp)
4 سال پیش
در تاریخ 1398/11/19 منتشر شده
است.
65,701
بـار بازدید شده