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Accounting and business6 books

Basics of Accounting

Debit and credit, journal, ledger, trial balance and final accounts, made simple

  • Free ebook
  • Beginner
  • 28 pages
  • 116 KB
  • PDF, English
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About this ebook

What you will learn

A gentle first course in accounting for commerce students and anyone about to learn Tally. Follow one small shop through a month of twenty transactions, from journal entries and ledger posting to the cash book, the trial balance, the trading and profit and loss account and the balance sheet. Depreciation and correcting errors are covered too.

Who it is for

Commerce students and anyone starting Tally.

Contents

  1. What accounting is
  2. Assets, liabilities, capital, income and expenses
  3. The accounting equation
  4. Debit and credit: the golden rules and the modern rules
  5. Journal entries: a month at a small shop
  6. Posting to the ledger and balancing
  7. The cash book
  8. The trial balance
  9. Final accounts: trading account, profit and loss account and balance sheet
  10. Depreciation: the straight line method
  11. Errors and how to correct them

At the end of the book

  • Practice questionsTo check what you have learnt, with the answers after them.
  • GlossaryThe key words of the book, each explained in one sentence.
  • Easy EnglishShort sentences and everyday words, with each new word explained the first time.

Reading, printing and sharing

  1. On a phone or computerTap Read online to open the book in your browser, or Download to keep it and read it without the internet.
  2. To printThe pages are A5, half the size of A4. Choose two pages per sheet in the print settings to fit two pages on each A4 sheet.
  3. To shareSend the link to this page, or the PDF itself, to friends, classmates or students. The book is free for everyone.

Courses

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Students of this course also find the book in the student portal, with the other ebooks for their course.

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All 6 books in Accounting and business

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