Beruflich Dokumente
Kultur Dokumente
Mr.Rupesh Dahake.
(M.B.A.,M.COM.,PGDCCA)
FINANCIAL ACCOUNTING
• FINANCIAL ACCOUNTING IS
CONCERNED WITH EXTERNAL
TRANSACTIONS IT RECORDS ALL
DEALINGS WITH OUTSIDE THE
CONCERN.
• Financial accounts are concerned with
classifying, measuring and recording
the transactions of a business.
BOOK-KEEPING
SYSTEM OF BOOK-KEEPING
DOUBLE ENTRY
SYSTEM
• SINGLE ENTRY SYSTEM :-
SINGLE ENTRY SYSTEM RECORDS ONLY ONE
SIDE OF THE TRANSACTON AND HENCE IT
DOES NOT PROVIDE COMPLETE INFORMATON
ABOUT A TRANSACTION.
FOR EXAMPLE:-
35000=35000
TYPES OF ACCOUNTS:-
PERSONAL ACCOUNTS
Related with individual, private company and partnership
firm and representative accounts etc.
RULES OF
ACCOUNT
S
RULES OF
ACCOUNT
S
JOURNAL BOOK
(SPACIMAN FORMAT)
L.
DATE PARTICULAR F. DEBIT CREDIT
THE LEDGER
-From The Journal The Transactions Related To Each Person Or Firm Is
Sorted Out Classified And Entered In A Book Called Ledger.
LEDGER ACCOUNT
J J
D
. .
F 50000
D
ATE PARTICULAR F AMT ATE PARTICULAR AMT
BY BUILDING ACCOUNT
BY PURCHASES
1000
TO CAPITAL ACCOUNT ACCOUNT 25000
0
TO SALES BY SALARY ACCOUNT
8000
A/C BY BANK 10000
0
ACCOUNT BY 1000
BALANCE. C/D
90000 90000
4000
CAPITAL ACCOUNT
10000 10000
BUILDING ACCOUNT
CREDIT SIDE(RIGHT
DEBIT SIDE(LEFT SIDE)(GIVER/EXPENSES) SIDE)(RECEIVER/INCOME)
50000 50000
PURCHASES ACCOUNT
CREDIT SIDE(RIGHT
DEBIT SIDE(LEFT SIDE)(GIVER/EXPENSES) SIDE)(RECEIVER/INCOME)
DATE PARTICULAR J.F AMT DATE PARTICULAR J.F AMT
BY BAL. ACCOUNT
TO CASH ACCOUNT 25000 25000
C/D
25000 25000
SALES ACCOUNT
CREDIT SIDE(RIGHT
DEBIT SIDE(LEFT SIDE)(GIVER/EXPENSES) SIDE)(RECEIVER/INCOME)
80000 80000
BANK ACCOUNT
DEBIT SIDE(LEFT
SIDE)(RECEIVER/INCOME) CREDIT SIDE(RIGHT SIDE)(GIVER/PAYMENT)
J. J.
DATE PARTICULAR F AMT DATE PARTICULAR F AMT
BY BAL .ACCOUNT
TO CASH ACCOUNT 1000 1000
C/D
1000 1000
SALARY ACCOUNT
90000 90000
TOTAL
TRADING ACCOUNT
FOR THE YEAR ENDING ----------
DEBIT SIDE(LEFT CREDIT SIDE(RIGHT
SIDE)(GIVER/EXPENSES) SIDE)(RECEIVER/INCOME)
D
ATE PARTICULAR AMT DATE PARTICULAR AMT
TO OPENING STOCK
25000
TO PURCHASE ACCOUNT BY SALES ACCOUNT 80000
TO GROSS PROFIT C/D
55000
80000 80000
TO SALARY ACCOUNT
BY GROSS PROFIT
TO NET PROFIT 10000 55000
B/D
(TRANS. TO BALANCE 45000
SHEET)
55000 55000
BALANCE SHEET
AS ON ----------
CAPITAL
10000 BUILDING A/C 50000
NET PROFIT (TRANS. FROM
45000 CASH A/C 4000
P/L A/C)
BANK A/C 1000
55000 55000