ACCOUNTING FOR BEGINNERS

Definitions, Journal entries, Ledgers, Accounting cycle steps with illustrations.

De: CHANDRA SEKHAR

Narrado por: Virtual Voice

This book is brought up in accordance with the subject of Accounting for beginners. In this book, the subject matter is expressed in clear way so that each and every reader understand the subject easily. In the book, I clearly mentioned the Accounting basics like Accounting, all the concepts and conventions of Accounting principles, Accounting cycle, Golden rules (classification) of accounting, Double entry system, brief study on subsidiary books, Trial balance, Trading account, Profit and loss account, Balance sheet and most important is accounting cycle. For this Accounting cycle steps, I created 42 transactions, Given the journal entries for these 42 transactions, prepared all the various ledger accounts from these journal entries, then, prepared Trial balance with these ledger account balances and finally, prepared the final accounts (Trading, Profit and loss account and Balance sheet) based on the Trial balance. Hence, I conclude that the end-to-end process of Accounting cycle with data interpretation has done in this book which will help the readers to understand that “where can we get the amounts which are appear in trial balance). I believe that with the help of this book, every reader gets the scope of knowledge which helps them in getting the understanding of Accounting basics. I wish that this book will win the heart of every user. The main features of the book are simple understanding and key concepts. This book is very helpful to readers to learn about Accounting Concepts and conventions, end-to-end knowledge of Accounting cycle with the help of interpretation. This book is useful to everyone in Accounts field like students, Accounts executives, Analysts etc. It is hoped that this will facilitate a better understanding of the subject matter. I welcome any valuable suggestions regarding this book in a better and improved way. Suggestions will be incorporated in the subsequent editions. All the best …