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Aug 10 th: Moon commenced business with a capital of 1,50,000 : 11 th: Cash deposited into bank 50,000 : 12 th: Bought equipment for 15,000 : 13 th: Bought goods worth 20,000 from Star and payment made by cheque

Capital, Profit, Loss; Drawings, Debtors, Creditors; Income Expenditure Receipts Payments; The need for accounting; The Money Measurement Concept; The Basic Purpose of Accounting

Capital + Liabilities = Assets ; 1,00,000 + 5,000 (Ram) = 70,000 (Cash) + 25,000 (Furniture) + 10,000 (Goods)

Cash in hand 8,000, Cash at Bank 25,000, Stock of goods 20,000, Furniture 2,000, Buildings 10,000. Sundry Debtors – Vijay 2,000, Anil 1,000 & Madhu 2,000.

Cost Management Accounting/Accountancy. Cost Accounting/Accountancy. 01. Process Costing 02. Standard Costing Variance Analysis

The benefit with the ledger account is that all the accounting information relating to an element can be obtained at a single place. Based on the information that has been posted into the ledger from the journal we can obtain the information pertaining to the date and amount of transaction and the other account affected by the transaction

Whatever may be the number of accounting heads/elements an organisational accounting is divided into, it should/will contain all the three types of accounts i.e. Real a/c's, Nominal a/c's and Personal a/c's.

The following would be found credited to a process account. Output The activity in the process would result in the manufacture of the output. The value of the output would be credited to the Process a/c.

The total process of accounting is driven by . The dual entity concept ; The nature of the accounts and ; The rules/principles of debit and credit ; All the account heads used in the accounting system of an organisation are classified under one of …