Search results “Definitions of basic accounting principles”
Accounting principle in hindi
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Accounting Principles, concepts and conventions, GAAP class 11
1. Business Entity Principle This principle assumes that, business and businessman are two separate entities.  All transactions are recorded from the point of view of business and not from the point of view of businessman.  Businessman is treated as creditor of business. 2. Money measurment Principle  Only those transactions are recorded in the books of accounts which can be measured in terms of Money.  Non – monetary transactions are not recorded in the books of accounts.  Strike, efficiency of management , quality of product, loyal employee., affects the business but cannot be measured in terms of money, that’s why they are not recorded in books of accounts. 3. Accounting Period Principle/Periodicity Principle  Life of business is indefinite, so Indefinite life is divided into periodic intervals, each intervals is known as accounting period(normally one year/12 months).  At the end of each accounting period an financial statements (P&L A/c and Balance sheet) are prepared to know the profitability and financial position of the business. 4. Cost concept or Historical cost concept  All business transaction are recorded at their cost price.  All business assets are recorded in books at cost i.e., the price paid to acquire it.  Any increase or decrease in the market price is not considered.  If nothing is paid to acquire an assets the same will not be recorded as an assets. For example : self generated goodwill, favourable location, managerial skills, moral of employee etc. 5. Matching principle  This concept is based on Accounting period concept.  In order to determined profit earned or loss suffered by a business duiring an accounting period, revenue of that period should be match with expenses incurred in that period.  Matching means association of Revenue with Related expenses.  Due to this concept adjustment should be made for like write off, outstanding expenses, prepaid expenses etc. 6. Dual Aspect Principle:  Every business transaction has double effect one is debited and other is credited.  If transaction is debited, the same should be credited with an equal amount.  Assets are always equal to liabilities.  Hence, Accounting Equation according to this principle is:  Assets = Capital + liabilities 7. Realisation principle or Revenue Recognition Principle  Revenue is considered as being earned on the date when goods are sold, wheather money is received or not. For example sales on approval not recorded as revenue until approved by customer. 8. Materiality  Only those transactions should be recorded which are material or relevant for the determination of income of the business. All immaterial or unimportant items should not be recorded.  For example: purchase of stationary is recorded as an expense even if the stationary purchased is an assets. 9. Conservatism  Anticipate no profits but provide for all possible losses.  Be ready to protect the possible losses, but don’t predict the profits.  For example: provision for bad debts.  Provision for depreciation. 10. Going concern concept/continuity concept  Business will continue for a long time.  There is neither the intention nor the necessity to liquidate the business.  Business activities will continue and transactions will be recorded accordingly. 11. consistency  one policy is used year by year, do not change the policy.  If we change the policy, accounts will not clear the financial statements.  If some proved and better method of accounting is made available it can be adopted by business, but not again and again. 12. Full disclosure  all material information should be disclosed. It means nothing should be hidden.  The concept say, “all information of A/c should show to the public not hide anything.” 13. Timliness  Provide all information to the mgmt. in time.  Record the information/transaction According to Date & time.  If information is not supplied in time it will obstruct the quick decision making.
Views: 92261 PRATHAM SINGH
#9, Accounting Principles ( part 1)
chapter 4 Accounting principles accounting entity Principle Money measurement principle Accounting period principle full disclosure principle Accounts Adda video 9 #commerce #accounts #class11
Views: 17151 Accounts Adda
To support you can donate via PAYTM by following this link http://p-y.tm/PdIMBe8d7 OR via upi at [email protected] In this video I have tried to provide a basic idea of what GAAP is and why is it required. Hope this proves useful to anyone who watches it. Please let me know your comments on the video and if you like it please hit the like button. Do not forget to subscribe for more such videos in future. Thanks for watching my videos. Support, Share and Subscribe! Gear I use: For writing on screen: http://amzn.to/2wSA955 Microphone : http://amzn.to/2w8ktKk Laptop: http://amzn.to/2wJo8jd Link for my facebook page: https://facebook.com/thecommercetutor Website: http://www.thecommercetutor.com
Views: 78398 The Commerce Tutor
Accounting Principles Meaning And Nature | Class 11 Accountancy Bases of Accounting
Accounting Principles Meaning And Nature | Class 11 Accountancy Bases of Accounting by Anjali Scholarslearning.com is an online education portal that provides interactive study material for students of classes 6th to 12th for CBSE. Complete with elaborate live classes, multimedia tutorials, interactive exercises, practice tests and expert help, we endeavor to make school easy for students and help them score more. We also provide free NCERT solutions, subject-wise synopses and chapter-wise revision notes for classes 6th to 12th for a thorough understanding of concepts right from a basic to an advanced level of difficulty. Download scholarslearning app from android and ios .
Accounting Concepts and Principles: Accounting Basics and Fundamentals
This lesson will teach you 7 Accounting Concepts and Principles that underly all accounting studies and practice. To add relevance, reliability and comparability throughout the behaviour of all accountants globally, accountants follow these 7 accounting concepts in all their activities. This lesson should be the first topic you study in your Introduction to Accounting knowledge journey as it lays the fundamentals for all future accounting study. You will learn about: * The Entity Concept 2:07 * The Accounting Period Concept 5:08 * The Cost Principle 8:02 * The Matching Concept 11:34 * The Profit Recognition Principle 13:49 * The Conservatism Principle 16:50 * The Going Concern Principle 20:15 Each concept is explained both with the theory and an example or two. If you apply all these concepts & principles throughout your activity as a student, bookkeeper or accountant then you will be a successful accounting professional. So whether you are a accounting student, bookkeeper or MBA candidate with a finance subject, you should find value in this lesson. You can also get in touch anytime if you need any further help or clarification beyond the lesson. Just check out the contact details in our YouTube Channel. --------------------- Thumbnail Portrait: Photo by Bruce Mars from Pexels --------------------- This video was brought to you by AccoFina. Subscribe to the Channel: https://goo.gl/84Sfeg Or just check out the Channel Page: https://goo.gl/yTj9Bs Here’s AccoFina’s Most Popular YouTube Video: https://goo.gl/Jbv685 And here’s AccoFina’s Latest YouTube Upload: https://goo.gl/wDM83Y AccoFina Website, Product Pages and Social Networking: 1) Website (includes Free Spreadsheets, Free Books and Free Calculators) http://www.accofina.com 2) Amazon Author Page: http://www.amazon.com/author/axeltracy 3) Udemy Instructor Page https://www.udemy.com/u/axeltracy/ 4) Facebook http://www.facebook.com/accofinaDotCom 5) Twitter http://www.twitter.com/accofina 6) Google+ http://plus.google.com/+accofina
Views: 166227 AccoFina
Accounting Principles
Class - XI Accounts - Accounting Principles For more videos visit: Myepathshala.com
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Accounting for Beginners #1 / Debits and Credits / Assets = Liabilities + Equity
https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! This is a great Accounting tutorial for the Basics of Accounting for beginners. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners. Help Support the channel by using one of my links. The Amazon link is my favorite, it is the same experience and same price for you, and i get a small kickback for purchasing goods from my amazon link. THANK YOU FOR YOUR SUPPORT. Amazon Affiliate Link: https://amzn.to/2MS2OMg CHANNEL OPTIMIZATION https://www.tubebuddy.com/CPASTRENGTH NEED PAYROLL FOR YOUR COMPANY https://gusto.com/r/SAtdL Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101 Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics #Accounting #Exercise #CPA #Accounting #Exercise #CPA
Views: 1987928 CPA Strength
Learn Accounting in 1 HOUR  First Lesson: Debits and Credits
The ultimate video for new accounting students to learn basic accounting principles and accounting mechanics. This video assumes you know NOTHING and by the end of it, has you reading fortune 500 company financial statements. Learn more and become student at EF University for FREE - http://executivefinance.teachable.com/ Like us Facebook- https://www.facebook.com/exfinance/ Linkedin- https://www.linkedin.com/company/executive-finance Twitter- https://twitter.com/exfinance
Views: 1398220 Executive Finance
Meaning of Accounting Principles # Hindi
Meaning of Accounting Principles # Hindi
Basic Accounting in 10 minutes Tutorial
Basic Accounting in 10 minutes Tutorial © 2012 Pavlov Global Publishing
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Lecture 1-Basic Accounting Concepts
Basic Accounting Concepts lecture for Financial Accounting by Rob Smolin
Views: 4407 AccountingBytes
basic accounting concept
basic accounting concept. This explanation of accounting basics will introduce you to some basic accounting principles, accounting concepts, and accounting terminology. Once you become familiar with some of these terms and concepts, you will feel comfortable navigating through the explanations, quizzes, puzzles, and other features of AccountingCoach.com. (In AccountingCoach PRO you will also find videos, visual tutorials, exam questions, and forms to assist you.) Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. You will become familiar with accounting debits and credits as we show you how to record transactions. You will also see why two basic accounting principles, the revenue recognition principle and the matching principle, assure that a company's income statement reports a company's profitability. In this explanation of accounting basics, and throughout all of the free materials and the PRO materials—we will often omit some accounting details and complexities in order to present clear and concise explanations. This means that you should always seek professional advice for your specific circumstances.
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What is GAAP?
GAAP stands for Generally Accepted Accounting Principles; these are the standard and commonly accepted ways of recording and reporting accounting. GAAP is the acronym for generally accepted accounting principles. That means the basic accounting principles and guidelines such as the cost principle, matching principle, full disclosure, etc., the detailed standards and other rules issued by the Financial Accounting Standards Board and its predecessor the Accounting Principles Board, and generally accepted industry practices. GAAP must be adhered to when a company distributes its financial statements outside of the company. If a corporation's stock is publicly traded, the financial statements must also adhere to rules established by the overseeing governmental agency. This includes having its financial statements audited by an independent accounting firm. Accountants use generally accepted accounting principles to guide them in recording and reporting financial information. GAAP comprises a broad set of principles that have been developed by the accounting profession. In 2008, the Securities and Exchange Commission issued a preliminary "roadmap" that may lead the United States to abandon Generally Accepted Accounting Principles in the and to join more than 100 countries around the world instead in using the London-based International Financial Reporting Standard. The SEC expressed their aim to fully adopt International Financial Reporting Standards in the U.S. by 2014. With the convergence of the U.S. GAAP and the international IFRS accounting systems, as the highest authority over International Financial Reporting Standards, the International Accounting Standards Board is becoming more important in the United States. By Barry Norman, Investors Trading Academy
Basic Accounting Principles
Basic Accounting Principles Accounting has been defined as, by Professor of Accounting at the University of Michigan William A Paton as having one basic function: "facilitating the administration of economic activity. This function has two closely related phases: 1) measuring and arraying economic data; and 2) communicating the results of this process to interested parties." As an example, a company's accountants periodically measure the profit and loss for a month, a quarter or a fiscal year and publish these results in a statement of profit and loss that's called an income statement. These statements include elements such as accounts receivable (what's owed to the company) and accounts payable (what the company owes). It can also get pretty complicated with subjects like retained earnings and accelerated depreciation. This at the higher levels of accounting and in the organization. Much of accounting though, is also concerned with basic bookkeeping. This is the process that records every transaction; every bill paid, every dime owed, every dollar and cent spent and accumulated. But the owners of the company, which can be individual owners or millions of shareholders are most concerned with the summaries of these transactions, contained in the financial statement. The financial statement summarizes a company's assets. A value of an asset is what it cost when it was first acquired. The financial statement also records what the sources of the assets were. Some assets are in the form of loans that have to be paid back. Profits are also an asset of the business. In what's called double-entry bookkeeping, the liabilities are also summarized. Obviously, a company wants to show a higher amount of assets to offset the liabilities and show a profit. The management of these two elements is the essence of accounting. There is a system for doing this; not every company or individual can devise their own systems for accounting; the result would be chaos! Keyword : accounting articles,accounting assistant,accounting assistant job description,accounting aid society,accounting apps,accounting analyst,accounting associations,accounting assumptions,accounting abbreviations,accounting accrual,accounting basics,accounting books,accounting big 4,accounting balance sheet,accounting bls,accounting blogs,accounting basics pdf,accounting busy season,accounting business for sale,accounting basis,accounting coach,accounting cycle,accounting careers,accounting certifications,accounting clerk job description,accounting courses,accounting calculator,accounting clerk,accounting connect,accounting career path,accounting degree,accounting degree online,accounting dictionary,accounting definition,accounting debits and credits,accounting degree jobs,accounting description
Views: 3029 Mas Rohman
Basic Accounting Terms | Accounting Terminology | LetsTute Accountancy
This session will help you to understand the basic accounting terminology/ basic accounting terms in a very easy language. This session is useful for anyone who wants to understand the basics of accounting. By watching this session you will be able to understand various basic accounting terms like what is a capital, what is a proprietor, what are fixed assets, what are goods, purchases, sales, creditor, debtor, etc. We have attached a PDF where one can get a quick glance of the whole chapter in few minutes. It will help you to understand what are the different objectives of accounting, it's importance, application, different terms used, etc. Also, there are objective type questions on the same. Link:- https://goo.gl/GP6FS6 You can buy our entire course on Accountancy : Amazon : https://goo.gl/c7Gq3m Udemy : https://bit.ly/2JwpfGJ Subscribe Us For More Updates: Link : https://goo.gl/pH6rtu Website : http://www.letstute.com/ To Get Regular Content Updates- Like Us On Facebook : https://www.facebook.com/letstutepage Follow Us On Twitter : https://twitter.com/letstute Add Us On Google+ for updates on our upcoming Videos https://plus.google.com/+Letstute Email us @ [email protected] WhatsApp your Queries on +91 7506363600 Visit our other channels LetsTute - Math / Sciecne / EVS http://bit.ly/1Q85cNP LetsTute Cbse Math https://goo.gl/kMGY4X LetsTute in Hindi https://www.youtube.com/channel/UCz17OJWV27c5FZKKBlLDXEw? Values to Lead (Value Education) http://bit.ly/1poLX8j
Views: 89801 Letstute Accountancy
ACCOUNTING-PRINCIPLES#Explained#For Class 11,CA,CS,CMA & All Commerce Students.
•°•°•°•SUPPORT & CONTRIBUTE US•°•°•°• If Videos are helpful to you. •••धन्यवाद••• EVERY CONTRIBUTION IS HELPFUL This will motivate me to bring more Useful Videos for you, •°•°By CLICKING on the Link below:- https://pmny.in/aIRgNgmBUdRh https://youtu.be/9xXBdAa18_I 》JOURNAL ENTRIES CLASS 11 & FOR ALL COMMERCE STUDENTS《 https://youtu.be/8CZj8WQxnSs •Chapter-1•--Class 11 Meaning of Accounting, Accountancy & Book-keeping. https://youtu.be/FeQZZOK_hqs •Chapter-ACCOUNTING EQUATION CLASS-11• https://youtu.be/EePmInhwc-0 •Chapter-1 Class 11 Introduction to Accounting TOPIC:-OBJECTIVES OF ACCOUNTING •ACCOUNTING-PRINCIPLES• Explained with Step by step instructions. Useful for Class 11,CA,CS, CMA and all Commerce Students. ••Very Important Concepts•• Theory Base of Accounting •BUSINESS ENTITY CONCEPT •MONEY MEASUREMENT CONCEPT •ACCOUNTING PERIOD CONCEPT •FULL DISCLOSURE CONCEPT •MATERIALITY CONCEPT •PRUDENCE/CONSERVATIVE PRINCIPLE •COST CONCEPT •DUAL ASPECT CONCEPT •REVENUE RECOGNITION PRINCIPLE •VERIFIABLE OBJECTIVE PRINCIPLE
Accounting Principles, concepts, conventions - Hindi
This video series is aimed to give the intermediate students of telangana and AP syllabus a fast crash course in the subject. You will learn all about accounting principles, conventions and concepts in this video explained by a CMA. Mr. S.W. Ahmed is a qualified practicing CMA. He has been associated with Cognevo Institute of Excellence for over a decade now. He brings in a lot of value to our efforts with his expertise and experience. He works with various educational organisations like Chegg, Cengange & Coursehero etc.
Basic terms of accounting: Class 11 XI Accounts | Video Lecture
This is just a demo video, for more videos and full syllabus please contact us on 8287971571 or 0261-4890014. Basic terms of accounting: Class 11 XI Accounts | Video Lecture Topic Included in this Chapter are: Capital,Drawing,Liability, Asset, ,Debtors,Receivables,Expenditure,Income, Expense,Revenue, profit,Losses and Gain, class 11,class XI,class 11 accounts,accounting for class 11,dronstudy,dronstudy.com,accounts by dronstudy, accounting video lecture,basics of accounting,acccounting for beginner, Here is a demo of online video lecture. You can watch this complete video on our website Dronstudy OR Call us at - 8287971571
Views: 136037 Dronstudy.com
Become an Accountant : Basic Accounting Principles
There are four basic accounting principles which include historical cost, realization, matching and full disclosure. Discover how each principle works in the field of accounting, like how historical cost is recording items at what they are paid for, with insight from a certified public account in this free video on accounting. Expert: Shanis Windland Bio: Shanis Windland has a Bachelors of Science degree in accounting from Central Washington University. She is a certified public accountant licensed in the state of Washington. Filmmaker: Jay Windland
Views: 30321 expertvillage
Basic Concept of Accounting Urdu/Hindi
This video Explain you fundamental facts and steps of Accounting in simple way urdu/Hindi.
Views: 23428 Tutorialism
Expected/Important Accounting Theory Questions with Accounting Principles in Hindi By JOLLY Coaching
Expected theory question of accounting for 11th class. This are the most asked and expected question which have highest probability to asked in the paper of accounting. Though the theory question carry only 10 to 15 marks but these 10 marks are very important to score a good marks, So this video will provide you the most expected questions of accounting. After watching this video you are able to answer these questions if asked in the paper. The questions covered in this video are : 1. Basic accounting Principles 2. Accounts 3. Accounting 4. Book Keeping 5. Book Keeping Vs Accounting 6. GAAP 7. Accounting Standards 8. Basic Accounting Terms 9. Accounting System etc... I hope this video will help you to understand the theory questions. Thanks JOLLY Coaching accounting principles accounting concept accounting conventions accounting principles in hindi accounting in hindi accounting principles in urdu theory questions for accounting expected theory questions of accounting 11th class accounting for 11th class theory in hindi theory questions in hindi accounting theory question in hindi theory of accounts accounting theory theory of accounitng theory concept of accounting going concern principle matching principle conservatism principle separate legal entity economic entity assumption matching concept dual aspect comparability principle basic principle accrual principle materiality principle full disclosure principle all accounting principle generally accepted accounting principle accounting principle in hindi how to theory questions of accounting accounting standards in hindi what is accounting need of accounting reason for doing accountung objective of accounting users of accounting accounting purpose Theory of accounting in hindi accounting yheory question for 11th class theory question in accounting theory question in accounting in hindi theory question of accounting by jolly theory question of accounting by kauserwise theory question of accounting by kauser wise kauserwise kauser wise jolly coaching jolly theory question of accounting by jolly coaching accounting principles class 11 in hindi separate legal entity in hindi
Views: 65104 JOLLY Coaching
Generally Accepted Accounting Principles(GAAP): Financeera
A video explains the concept of Accounting Principles in detail. Highly recommended and useful for beginners in accounting or non- accounting and finance professional
Views: 14803 Gaurav sharma
Basic Accounting Definition in urdu
understand basic concepts of Financial Accounting.
Views: 2076 Amjad Niaz
Accounting Terms
Definitions and basic accounting terms.
Views: 16904 Ann Weiss
Definition of Generally Accepted Accounting Principles (GAAP) in easy way...
In this video, I discussed about Gains , Gain on sale of Land & Gain on sale of Equipment in easy way.... In this video include : How to define GAAP Generally Accepted Accounting Principles Definition of GAAP Generally Accepted Accounting Principles If You like my video, than please Like,Subscribe,comment & Share with your friends: Thanks for watching Please visit my Facebook ID: https://www.facebook.com/EducationFor... Instagram: https://www.instagram.com/the_educati... Youtube : https://www.youtube.com/watch?v=RkQC65SJpPQ&t=127s https://www.youtube.com/watch?v=Gsprp47f3WU&t=52s https://www.youtube.com/watch?v=f0F8tAvIZsQ&t=8s https://www.youtube.com/watch?v=2YKKyGEG2Zk&t=62s Audio Credit: Song: Valence - Infinite [NCS Release] Music provided by NoCopyrightSounds. Video Link: https://youtu.be/QHoqD47gQG8
Views: 376 The Education Forum
Review of Financial Accounting - Principles, Assumptions, & Constraints
For more videos like this go to www.patrickleemsa.com. Join Robinhood and we'll both get a share of stock like Apple, Ford, or Sprint for free. To do so, make sure you click on this link: https://share.robinhood.com/patrickl803 ___________________________________ NETWORK WITH ME! PATRICKLEECPA Twitter - https://twitter.com/patrickleecpa Website – https://www.patrickleecmsa.com ___________________________________________ Send a letter or send something cool about how you’re using these videos. Patrick Lee, MSA PO Box 936 Winfield, Kansas 67156 ___________________________________________ WORK WITH ME! CONTACT US: [email protected]
Views: 13556 Patrick Lee
Basic Accounting Principles
This video discusses Generally Accepted Accounting Principles (GAAP).
Views: 25757 JBS CLASSES
Accounting concepts(english)| Accounting principles| class 11
In this video iam explaining about concepts of accounting Link for accounting conventions video: https://youtu.be/53AQ3sFbQp0 #accountingconcepts #accountingprinciplesinenglish #principlesofaccounting #basicsofaccounting #accountancyclass11 #class11accounts #introductiontoaccounting #conceptsofaccounting
Basic concept of accounting by Santosh kumar (CA/CMA)
This is only a demo class. classes are available for CA/CMA/CS/B.COM( All universities), 11th, 12th. My all classes are available in Download link /Pen drive mode. You can also buy my classes on per chapter basis at conceptonlineclasses.com. for any query, please contact us on 01204225003/4/5 Mail us on [email protected]
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Accounting Concepts | Dr. Shuchi Singhal
An EMPC VMOU Production Dr. Shuchi Singhal Associate Professor ISIM Jaipur Rajasthan
Views: 67826 vmouonline
basic fundamentals accounting concepts and conventions class 11  cs foundation ca foundation cma
Views: 91185 Mayank Gour
Accounting Principles | Entity | Going Concern Concept | GAAP | LetsTute Accountancy
Check out our new video on Accounting Principles | Entity | Going Concern Concept | GAAP This video explains the need for accounting principles / GAAP & what is the entity and going concern concept with an example. We have attached a PDF where one can get a quick glance of the whole chapter in few minutes. You will understand need and importance of all the accounting principles and conventions. Also, entity concept, going concern concept, money measurement, cost principle, revenue recognition, objective evidence, dual aspect, matching principle, accrual concept, materiality, consistency, conservatism, full disclosure, etc explained in detail. There are objective type questions on accounting principles and conventions. Link:- https://goo.gl/p17wRU You can buy our entire course on Accountancy : Amazon : https://goo.gl/c7Gq3m Udemy : https://bit.ly/2JwpfGJ Subscribe Us For More Updates: Link : https://goo.gl/pH6rtu Website : http://www.letstute.com/ To Get Regular Content Updates- Like Us On Facebook : https://www.facebook.com/letstutepage Follow Us On Twitter : https://twitter.com/letstute Add Us On Google+ for updates on our upcoming Videos https://plus.google.com/+Letstute Email us @ [email protected] WhatsApp your Queries on +91 7506363600 Visit our other channels LetsTute - Math / Sciecne / EVS http://bit.ly/1Q85cNP LetsTute Cbse Math https://goo.gl/kMGY4X LetsTute in Hindi https://www.youtube.com/channel/UCz17OJWV27c5FZKKBlLDXEw? Values to Lead (Value Education) http://bit.ly/1poLX8j
Views: 79772 Letstute Accountancy
#1 Basic Introduction of Financial Accounting
#FinancialAccounting #DoubleEntrySystem Explained Modern System of Accounting and its Assumptions. Need and Advantages of Financial Accounting and Accounting Equation i.e. 'Double Entry System' of Accounting. Student can also watch following lectures of Accounting : 1. Bank Reconciliation Statement (BRS) https://www.youtube.com/watch?v=Ms3gFDeS-tE 2. Single Entry System of Accounting (Concept & Procedure) Statement of Profit and Loss : https://www.youtube.com/watch?v=XaQGJVvNNwQ 3. Rectification of Errors ~ Introduction and Concept : https://www.youtube.com/watch?v=gJL-GcupCz4 4. Bills of Exchange : https://www.youtube.com/watch?v=kRowni3g2gw Dwonload Assignments: https://drive.google.com/drive/folders/0BzfDYffb228JNW9WdVJyQlQ2eHc?usp=sharing
Views: 214512 CA. Naresh Aggarwal
Generally Accepted Accounting Principles | GAAP | SSC CGL 2018 | CAG AAO
GAAP for AAO in CAG through SSC CGL Paper 4 (AAO CAG). Finance and Economics paper Tier 2 . very important topic for concepts and numericals. This forms the basis of accountancy.
Views: 10863 Exambay
Basic Accounting Terms lecture 1 for class 11  by SANTOSH KUMAR(CA/CMA)
This is only a demo class. classes are available for CA/CMA/CS/B.COM( All universities), 11th, 12th. Classes are available in Returnable Pen drive mode. for any query, please contact us on 8448322142
Views: 269439 santosh kumar
Basic Accounting Terms – 1 of 4 | StayLearning |CBSE Class 11 | (HINDI | हिंदी)
In this Video we would enable to understand in Easy Concepts – 1) Business Transactions 2) Capital 3) Drawing 4) Liabilities (Current and Non Current Liabilities) 5) Assets (Current and Non Current Assets) 6) Account 7) Capital Receipts 8) Revenue Receipts 9) Capital Expenditure 10) Revenue Expenditure 11) Expense 12) Income 13) Profit 14) Gains 15) Losses 16) Purchase 17) Purchase Returns 18) Sales 19) Sales Returns 20) Goods 21) Stock or Inventory 22) Trade Receivables (Debtors and Bills Receivables) 23) Trade Payables (Creditors and Bills Payables) 24) Cost 25) Vouchers 26) Discount (Trade and Cash) 27) Books of Accounts 28) Entry 29) Debit 30) Credit 31) Proprietor 32) Depreciation 33) Cost of Goods Sold 34) Bad Debts 35) Insolvent 36) Solvent 37) Balance Sheet 38) Book Value To View Full Video Lectures Visit - https://bit.ly/2PEEnUC ★ ACCOUNTS VIDEOS ★ https://www.youtube.com/channel/UCAXbiqmSkp9Sse4guGRMqDw?view_as=subscriber ★ COST ACCOUNTING VIDEOS ★ https://www.youtube.com/channel/UCAXbiqmSkp9Sse4guGRMqDw?view_as=subscriber ★ FINANCIAL MANAGEMENT VIDEOS ★ https://www.youtube.com/channel/UCAXbiqmSkp9Sse4guGRMqDw?view_as=subscriber ★ ECONOMICS VIDEOS ★ https://www.youtube.com/channel/UCK5RB8xNW_iOXz-rcGJZyTw?view_as=subscriber ★ INCOME TAX VIDEOS ★ https://www.youtube.com/channel/UCRRFVa1axTUdwZzc4Ta42XQ?view_as=subscriber ★ MATHS VIDEOS ★ https://www.youtube.com/channel/UCaIY3jMl7QDUWN6P6kSUYWw?view_as=subscriber STUDY TIPS ऐसे पढोगे तो हमेशा TOPPER बनोगे | Study Tips https://bit.ly/2QUXaew ENGLISH – Fatafat (Easy Way to Learn English) अंग्रेजी सीखें - फटाफट https://bit.ly/2PoAF4H ★ ExpertMotivation Channel https://bit.ly/2EsPBKC ★ For Any Information Video classes & Face To Face Batches Call +91 9268373738 E-mail: [email protected] (We Prefer emails rather than calls) Call timings Monday to Friday - Morning 10 to Evening 7 FACEBOOK: https://www.facebook.com/VijayAdarshIndia WEBSITE: http://www.vijayadarsh.com
Views: 393766 StayLearning
Basics Concepts of Accounts  Class 11th Accounts
Basics Concepts of Accounts Class 11th Accounts Accounts Basic Concepts This Lecture Include - Notes Website : http://www.iamtopper.com ►Like Us on Facebook https://www.facebook.com/iatclasses ►Follow us on Twitter https://twitter.com/iatClasses ►Follow us on Instagram. https://www.instagram/.comiatclasses ►Education News : https://www.indianeducationinfo.com/ ►Hire Tutors: https://www.suggestmeteacher.com/ For Notes go to http://www.iamtopper.com/ For Exam Questions go to http://www.ravikashyapsir.com/ For Education News go to http://www.mysteacher.com/ 1. How to identify and journalise business Transaction 2. What is Account. 3. How to pass Entries in the books of account. 4. Rules of Debit and Credit 5. Golden Rule of Accounting 6. How to use Golden rule of Accounting to pass journal Entries 7. What is entity concept 8. What is Assets 9. What is Liability 10. What is Capital 11. How we record transactions in the books of business 12. Business is different from its owners
GAAP Generally Accepted Accounting Principles | Financial Accounting | CPA Exam FAR
Website: www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
Basic Accounting Concepts in Marathi - Part 2 || Introduction to Accounts in Marathi
In this video we have covered various accounting concepts such as - Accounting - Business transactions - Capital - Liability - Goods - Assets - Current assets - Ledger account - Credetors - Debtors - Cash transactions - Cash Transactions - Credit transaction
Views: 3567 Smart Vidya
Basic Account Concept | Basic Accounting Principles | Business Entity | Going Concern Concept
Hello friends!! In this video you will learn Basic Accounting Concept and Principles in simple hindi language. What is money measurement concept? What is saperate entity concept? what is going concern concept? what is accounting period concept? 11th commerce classes 12th commerce classes Basic Commerce classes Learn basic accounting in hindi. For more video subscribe to my channel. Thank you for watching.
Accounting  Principles & Concepts | Accounting Concepts | 11th | CA-CPT - By CA Pardeep Jha
Accounting Principles & Concepts, Basic Accountancy by CA. Pardeep Jha, for XIth C.B.S.E. I've explained all the Basic Accounting Concepts and Principles of Double entry Book Keeping. Accrual Concept is discussed in detail in a separate video, Here is the link - https://youtu.be/R2kyJLau5_g This video covers - What is - 1. Prudence /Conservatism Concept 2. Money Measurement Concept 3. Full Disclosure 4. Materiality Concept 5. Cost Concept 6. Matching Concept 7. Realization concept 8. Accrual Concept 9. Consistency Concept 10. Entity Concept 11. Dual Aspect Concept 12. Going Concern Concept 13. Periodicity Concept You can Ask your Queries here or on our Facebook Page www.facebook.com/winningquest Prudence /Conservatism Concept Money Measurement Concept Full Disclosure Materiality Concept Cost Concept Matching Concept Realization concept Accrual Concept Consistency Concept Entity Concept Dual Aspect Concept Going Concern Concept Periodicity Concept What is Prudence /Conservatism Concept What is Money Measurement Concept What is Full Disclosure What is Materiality Concept What is Cost Concept What is Matching Concept What is Realization concept What is Accrual Concept What is Consistency Concept What is Entity Concept What is Dual Aspect Concept What is Going Concern Concept What is Periodicity Concept
Views: 3949 Winning Quest
Basic fundamental accounting principles and concepts in hindi.
Introduction Basics of Accounting Standards
"Install our android app CARAJACLASSES to view lectures direct in your mobile - https://bit.ly/2S1oPM6 " Join my Whatsapp Broadcast / Group to receive daily lectures on similar topics through this Whatsapp direct link https://wa.me/917736022001 by simply messaging YOUTUBE LECTURES Did you liked this video lecture? Then please check out the complete course related to this lecture, ACCOUNTING BASICS A COMPLETE STUDY with 300+ Lectures, 28+ hours content available at discounted price (10% off)with life time validity and certificate of completion. Enrollment Link For Students Outside India: https://bit.ly/2wgezFU Enrollment Link For Students From India: https://www.instamojo.com/caraja/accounting-basics-a-complete-study/?discount=inytabas9 Our website link : https://www.carajaclasses.com ---------------------------------------------------------------------------------------------------------------- Welcome to one of the comprehensive ever course on Accounting Basics. This course starts from “What is Accounting”, “Need for Accounting” to various Practical aspects in Accounting. Enjoy lectures for each and every concept in accounting presented in digital hand written format followed by Solved Case Studies Video. New videos are being added at frequent intervals and this course will be the longest one in Accounting soon. ---------------------------------------------------------------------------------------------------------------- Welcome to Accounting Basics - A Complete Study Course! This is one of the comprehensive course in Fundamentals of Accounting covering theory as well as practice. In this course, you will learn Fundamentals of Accounting, step by step covering the following: Section 1: a) Introduction to Accounting; b) Book Keeping; c) Accounting – Objectives and Process; d) Accounting Cycle; e) Accountancy, Accounting and Book Keeping; f) Users of Accounting Information; g) Branches of Accounting; h) Basic Accounting Terms; i) Basic Assumptions in Accounting; j) Basic Concepts in Accounting; k) Modifying Principles of Accounting; l) Accounting Standards; Section 2: m) Double Entry System in Accounting; n) Accounting Equation; o) Golden Rules of Accounting; Section 3: p) Source Documents; q) Cash Memo; r) Invoice; s) Receipt; t) Debit Note; u) Credit Note; v) Pay in Slip; w) Cheque; x) Vouchers; Section 4: y) Books of Original Entry; z) Journal and Format aa) Steps in Journalising; bb) Journal Illustrations; cc) Compound Journal Entry; Section 5: dd) Ledger; ee) Utility of Ledger; ff) Format of Ledger; gg) Posting; hh) Procedure for Posting; ii) Posting of Compound Journal Entry; jj) Posting the Opening Entry; kk) Balancing an Account; ll) Significance of Balancing; mm) Balancing of Different Accounts; nn) Procedure for Balancing; Section 6 - covering Trial Balance and Final Accounts. This course is structured in self paced learning style. Video lectures are used for delivering the course content. Take this course to create strong foundation in fundamentals of accountancy. • Category: Business What's in the Course? 1. Over 206 lectures and 20 hours of content! 2. Understand need and importance of Accounting 3. Understand Book Keeping, Objectives and Advantages 4. Understand Accounting Process, Accounting Cycle, 5. Understand Users of Accounting Information 6. Understand Branches of Accounting 7. Understand Basic Accounting Terms 8. Understand Accounting Assumptions, Concepts and Principles 9. Understand Rules of Accounting 10. Understand Journal, Ledger, Trial Balance and Final Accounts Preparation Course Requirements: 1. No basic knowledge is required 2. Students can approach this course with fresh mind Who Should Attend? 1. Any one interested in Learning Accountancy 2. Accounting / Finance / Science Students 3. Entrepreneurs
Accounting Principles - What is Cost Concept | Accounting Concepts | LetsTute Accountancy
Check out our video on "Accounting Principles - What is Cost Concepts | Accounting Concepts” We have attached a PDF where one can get a quick glance of the whole chapter in few minutes. You will understand need & importance of accounting principles and conventions. Also, entity concept, going concern concept, money measurement, cost principle, revenue recognition, objective evidence, dual aspect, matching principle, accrual concept, materiality, consistency, conservatism & full disclosure are explained in detail. Link :-https://goo.gl/nT4fqj I hope you enjoy this online lecture on "Accounting Principles - Cost Concept | Gaap | LetsTute Accountancy" by LetsTute. #accountancy #accounting #generally accepted accounting principles #gaap #ifrs #concepts You can buy our course for Accounts which includes video lectures, Assessments and Quiz in the form of: Online Courses: Udemy: http://bit.ly/2Dk7c2D To Get Regular Content Updates- Facebook : https://www.facebook.com/letstutepage Twitter : https://twitter.com/letstute Google+: https://plus.google.com/+Letstute For Queries: Email: [email protected] Call / WhatsApp: +91 7506363600 Visit our other channels: LetsTute : http://bit.ly/1Q85cNP LetsTute CBSE Math: http://bit.ly/2h1B2lP Values to Lead (Value Education): http://bit.ly/1poLX8j
Views: 3278 Letstute Accountancy
Introduction of accounts in Telugu 01 (Accounts) (www.computersadda.com)
Hi Friends. Welcome to our Adda. Complete Telugu Video Tutorials. Ms-office,Tally ERP 9, Accounts,Photoshop, Pagemaker, CorelDRAW, AutoCAD (2D & 3D), C Lang, Basics of Computers, Html, Tips & Tricks, Daily & Weekly QUIZ.
Views: 102791 Computers adda
Accounting Principles, Concepts, Conventions (Lec 1/2) | Class 11 Accounts | by Ankit Kansal
This is 1st lecture on Accounting Principles, Concepts & Conventions recorded by Ankit Kansal (CA, Bcom (H), CFA L3 Candidate) as part of complete video series on Class 11 Accountancy. Follow us on Facebook: https://m.facebook.com/kansalconsulting/ https://www.facebook.com/kansalconsulting/ This lecture is also useful for SSC AAO exams, MBA, Bcom, BBA etc. People with zero knowledge of finance or accounts can start learning accounts from this lecture. This is the first step in direction of mastering complete understanding of accounting. This lecture contains following concepts under Accounting terms: 1. Why accounting principles are required to be studied. 2. Detailed discussion on A) Business Entity Principle, B) Money Measurement Principle, C) Accrual concept, D) Matching Principle, & E) Conservatism/ Prudence principle with examples. Please mail your queries at [email protected] Follow us on Facebook: https://m.facebook.com/kansalconsulting/ https://www.facebook.com/kansalconsulting/ For Basic GST understanding watch......... https://www.youtube.com/watch?v=3fXpYQpbcOM&t=389s For Cash Book watch........ https://www.youtube.com/watch?v=xQZLRWeTDAU&t=266s For Accounting Terms watch...... https://www.youtube.com/watch?v=11WZnkrA81g&t=66s
Views: 16763 Kansal Consulting
Introduction to Meaning & Scope of Accounting | Accounting Concepts | CA CPT | CS & CMA
Learn Basics of Accounting Introduction. We have covered Meaning & Scope of Accounting, Accounting Concepts, Principles & Conventions, brief of accounting standards, Accounting Policies and Measurement Discipline. For Details Visit http://www.meraskill.com/ca-cpt/accounts/introduction-to-accounting WhatsApp Now: 8692900017 http://www.meraskill.com/ Our other chapters in this series Accounts by Sheela Madam http://bit.ly/AcctsIntro http://bit.ly/AcctJournaltoCB http://bit.ly/CR_ROE http://bit.ly/BankRecoS http://bit.ly/MSInventory http://bit.ly/MSDep http://bit.ly/MSFinalAc http://bit.ly/MSConsignment http://bit.ly/MSJointV http://bit.ly/MSBillsOfExchg http://bit.ly/MSSalesReturn http://bit.ly/MSPartnership1 http://bit.ly/MSPartnership2 http://bit.ly/MSCompanyActs1 http://bit.ly/MSCompanyActs2 Law by Bharat Sir http://bit.ly/MSNatureofContract http://bit.ly/MSConsideration http://bit.ly/MSEssentialElements http://bit.ly/MSPerformanceOfContract http://bit.ly/MSBreachOfContract http://bit.ly/MSContingent_Quasi http://bit.ly/MSFormationContractOfSale http://bit.ly/MSCondition_Wattanties http://bit.ly/MSTransferOfOwnership http://bit.ly/MSUnpaidSeller http://bit.ly/MSNatureOfPartnership http://bit.ly/MSRelationshipOfPartners http://bit.ly/MSRegistration_Dissolution Micro by Bharat Sir http://bit.ly/MSIntroMicroEconomics http://bit.ly/MSDemand http://bit.ly/MSTheoryofCB http://bit.ly/MSSupply http://bit.ly/MSTheoryOfProd http://bit.ly/MSTheoryOfCost http://bit.ly/MSMarket http://bit.ly/MSPriceDetermination Macro by Jaya Madam http://bit.ly/MSNatureOfIndianEconomy http://bit.ly/MSRoleOfDiffSectors http://bit.ly/MSNationalIncome_Tax http://bit.ly/MSPopulation_Poverty_Unemployment http://bit.ly/MSInfrastuctureChallnges http://bit.ly/MSBudget_Money_Banking http://bit.ly/MSEconomicsReforms Maths by Anand Sir http://bit.ly/MSRatio_Propr http://bit.ly/MSIndices_Log http://bit.ly/MSEquations http://bit.ly/MSInequalities http://bit.ly/MSInterest http://bit.ly/MSPermutaion_Combination http://bit.ly/MSAP_GP http://bit.ly/MSSets_Function http://bit.ly/MSLimits http://bit.ly/MSDifferentiation http://bit.ly/MSIntegration
Views: 37603 Mera Skill