Learn Finance Formula

Learn Finance Formula covers following content

Capital, Profit & Loss.

Drawings Debtors Creditors Owned/Loaned Capital.

Income, Expenditure, Receipts, Payments.

The Need for Accounting.

Money Measurement Concept.

Basic Purpose of Accounting.

Objective of Accounting, Elements/Aspects in Accounting, Separate Entity Concept.

Basic Accounting Equation :: Capital + Liabilities = Assets.

Effect of Transactions on the Accounting Equation.

Dual Entity Concept.

Account Types or Kinds of Accounts - Personal, Real, Nominal.

Kinds of Accounts Illustration.

Rules of Debit and Credit - Accounting.

Rules of Debit and Credit Illustration.

Journal - Book of Prime Entry, Journalising.

Recording a Transaction in the Journal.

Preparing the Ledger : Posting.

Ledger Account Balancing.

Trial Balance Preparation and Purpose.

Organisational Accounting System Design.

Simple Compound/Combined Journal Entry.

Complex Compound/Combined Journal Entry.

& Much more

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Learn Finance Formula

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