Lesson 1: Basics of Accounting Lesson Objectives On completion of this lesson, you will be able to understand Principles and concepts of Accounting Double Entry System of…

LEARNING TALLY ERP 9 CHAPTER 1 - BASICS OF ACCOUNTING 1.1 Introduction Accounting is a process of identifying, recording, summarising and reporting economic information to…

1. Net Profit Gross profit is not the actual profit of the business. The real profit of the business is the amount which remains after deduction of operating expenses. Net…

1. 3 JOURNALIZING, POSTING AND BALANCING 2. Meaning of an ACCOUNT An Account is a summary of the relevanttransactions at one place relating to a particularhead. 3. Traditional…

1 Lesson 1: Basics of Accounting 1.1 Introduction Accounting is a process of identifying, recording, summarising and reporting economic informa- tion to decision makers in…

1 Lesson 1: Basics of Accounting 1.1 Introduction Accounting is a process of identifying, recording, summarising and reporting economic informa- tion to decision makers in…

Account group and document number range This page contains the following topics : 1. Defining Account Group 2. Document Number Range http://www.hareshpradhan.com/FICO/SAP%20Notes5-Account%20Group-Number%20Range-Document%20Type.htm…

Accruals and prepayments What’s Inside ? Learning Objectives Accruals and prepayments Prepaid expenses  Briefly explain what accrual accounting is.  Explain the term…

Chapter # 2 Prepared By: Kamran Lecturer Kardan University Email address: [email protected] Origin of the terms Debit and Credit The terms Debit and Credit have Latin roots.…

Accruals and prepayments What’s Inside ? Learning Objectives Accruals and prepayments Prepaid expenses  Briefly explain what accrual accounting is.  Explain the term…