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Accounting Education Accounting Education

Details: Accounting Education is a non-profit educational organization created in 2008 by Prof. Vinod Kumar to provide "a free, world-class accounting education for anyone, anywhere." Its website features thousands of educational resources, …

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Learn Accounting from Scratch Accounting Education

Details: Preview this course. With learning this course, you will become expert in accounting. Created by Vinod Kumar (Educator) Last updated 14/06/2022. Language : English. ₹ 639 Original Price ₹ 1,299 Discount 51% off. 2 days left at this price! For Out of India Students. $ 8.19 Original Price $16.65 Discount 51% off. 2 days left at this price!

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Accounting education system in India Accounting …

Details: Indian Education system is still a high contribution for establishing good standards in the field of accounting. Dr. Manmohan Singh also stressed on technology Advancement in Indian accounting education system when he …

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Explain the Role of Education in National Development

Details: Accounting Education is an online free university and our MISSION is to Educate whole world in accounting. Explain the Role of Education in National Development | Accounting Education 222

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Creative Ways to Teach Accounting Equation Accounting Education

Details: If someone asks me about the creative ways to teach accounting equation, I can give the answer with following way. 1. Assets always equals to liabilities. Total Assets = Liabilities + Capital. Capital = Assets - Liabilities. 2. Student can ask why assets always equals to liabilities. Ans. because, initial capital will be transfer from one asset

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Cash Budget Example Accounting Education

Details: Today, we will focus on one cash budget example because we think, examples might be simplified to improve reading and basic understanding of any topic of accounting. Example . From the following forecasts of income and expenditure, prepare a cash budget for the months Jan. to April 2011. 1. The customers are allowed a credit period of two months.

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Operation Costing Accounting Education

Details: Operation costing is not a new method but it is the technique to use the method of job costing, batch costing and process costing for calculating the cost of that business products whose production are operating day and night. So, all expenses in operation costing are recurring in nature. Operation costing is also useful where units of products

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Journal Entries of Nominal Account Accounting Education

Details: Nominal account is the part of impersonal account We close this nominal account which is temporary account in the end of year and transferred's balance to the permanent profit and loss account or Income Statement. So, nominal account will zero balance in the end of year. we include following account in it. 1. Expenses account. 2. Loss account. 3.

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Journal Entries Test Online

Details: Today is also good news for all who have bought our Journal Entries MADE Easy eBook that we are taking their journal entries test online - part 1. With this test, they will find their mistakes because we will explain detailed answers why they have given wrong answers.

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To and By in Accounting Accounting Education

Details: To account represents the account which will go the debit side of an account. By account represents the account which will go to the credit side of an account. Suppose, cash account a current asset account. It has two side, one is debit and other is credit. If any account will show in debit side, we will use to because all accounts are go to

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How to Pass Journal Entries in TallyPrime Accounting Education

Details: Bike account debit 20000. Mohan account credit 20000. Voucher entry in TallyPrime. Ist step open TallyPrime. 2nd step Select company. 3rd step Transactions. 4th step choose Journal voucher by click F7. 5h Step Debit side of voucher entry. If you didn't create ledger account.

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Disadvantages of Finance Accounting Education

Details: But if he use the word finance instead of loan, it will insult of this great science. If you want to get its education, you can learn step by step it in our accounting education or svtuition youtube channel. 2. # Lots of customers captures in the net of bad finance companies. So, they start to aware others not to deal that bad finance company.

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Payroll Procedures Accounting Education

Details: Following are main steps of Payroll Procedures. 1st Step : Record Employees' Detail. In first step, we classify our employees. Employees may be part time, full time, department, branch employees and independent professional. We have to record their each and every detail in our accounting system. 2nd Step : Calculation of Payroll.

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Teaching Aids Accounting Education

Details: Teaching aids means all physical materials and tools which can be used by teacher for better teaching. We take the example of chalkboard, computer, PowerPoint presentations, graphs, globes, rulers, drawings, calendars,Videos, DVDs and YouTube video on the web.

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How to Decrease Average Collection Period Accounting Education

Details: So, manage to collect money from previous year's debtors first. Idea No. 2. Contact the debtor collectors and collect money from bad debtors. Idea No. 3. Suppose, you have see your average collection period 60 days. It means, each debtor is paying to you after 2 months on average basis. Slowly, you should make rule that goods can be sold on

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How to Make Accounting Interesting Accounting Education

Details: 2# Fun Trivia: Make small question relating to accounting for creating students’ interest in it. 3. # Golden Practices Blog: The accounting profession should design a creative, mind stimulating, review application. 4. # How Stuff Works: The first step to making accounting fun is to get a grip on the terminology.

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How to Pass Closing Journal Entries Accounting Education

Details: 3. To Pass the Journal Entry for Close the Profit and Loss Account. After find the balance by deducting expenses side from income side in profit and loss account, we will transfer same net profit to capital account. If there is net loss, still, it will transfer to capital account.

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Ledger Posting Examples Accounting Education

Details: Following are some examples of translations and Journal Entries and their postings for understand which account will go to the debit side and which account will go to credit side: 1. Cash brought in by proprietor as capital Rs. 30000. Cash Account Debit 30, 000. Proprietor’s capital Account Credit 30,000. A Account = Cash Account -We will

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Hedge Accounting Accounting Education

Details: As a accountant, for recording and accounting treatment transactions relating to hedge, you will divide transaction on basis of two type of hedge. 1. Fair Value Hedge. Illustration: 1. Assume that on April 1, 2008, Hayward Co. purchases 100 shares of Sonoma stock at a market price of $100 per share. Hayward does not intend to.

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Types of Reserves Accounting Education

Details: There are two main types of reserves which I am explaining with following way :-. 1. Open reserves. Open reserves may be defined all reserves which shows in the balance sheet. Every person or public can know such reserves of company. Those reserves provide full information to shareholders about which amount has gone to reserves or why they are

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CRJ and CPJ Accounting Education

Details: So, today, we will explain these two basic terms of accounting. CRJ means cash receipt journal. In CRJ, we record only cash receipts. There are lots of sources of receiving cash, so, we can make different columns in this journal. In higher classes, this journal is not made, it is included in the debit side of cash book. CPJ means cash payment

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Rules of Posting Accounting Education

Details: 1st Rule. In ledger, we must keep one account one time and for posting, we will not open duplicate accounts. For example, in one month, we have done the business with mohan 10,000 times and 10,000 transactions and journal entries are relating to Mohan account but we will open only one mohan account in our ledger. 2nd Rule. In the debit side of

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Sweden Accounting Standards Accounting Education

Details: Sweden is the third largest country in the European Union by area. International Financial Reporting Standards (IFRS) was adopted 2005. Some swedish govt.'s members have been included in Accounting Regulatory Committee (ARC) because Sweden is an EU Member State and they give suggestions to improve IFRS. It has been adopting IFRSs since 2005.

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How to Teach Trial Balance Accounting Education

Details: Accounting Education is an online free university and our MISSION is to Educate whole world in accounting.

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What is Amortization Accounting Education

Details: Meaning of Amortization. Amortization is the process in which we decrease the value of intangible assets like depreciation is the decrease in the value of tangible assets. It also used in debt payments. When we amortization of debt through installment of its principal and interest, value of debt will decrease. It is also called depreciation of

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Cost Concepts Accounting Education

Details: Today, we are explaining all these cost concepts. 1. Cost. Cost is monetary consideration for getting stock, asset or service. It is expense for buying goods or asset or service. In simple word, cost is the value of sacrifice for getting something. For production and sale, all paid and payable expenses will include in cost.

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Liquidation of Company Accounting Education

Details: Liquidation of company means end of the life of company. When court orders to liquidate all the assets of it for paying the amount to outside creditors. Court can order only in that case if company is unable to pay its debt or not fulfilling other rules and regulation of govt. or laws.

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Profit Estimation Accounting Education

Details: Profit Estimation. Profit estimation means to calculate future profit on expected sale. This is also called profit forecasting. This profit estimation is done on the trends of past accounting data. In profit estimation, we take risk as one of important factor. So, we also adjust all risk of unexpected loss for calculating correct profit estimation.

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List of Mutual funds in Pakistan Accounting Education

Details: Following is the list of Pakistan's largest mutual fund providers. They offer to public to invest in these mutual funds.In these providers include the companies of banking sector, non-banking sector, insurance sector and finance sectors. There are 10 Top companies who are the providers of mutual funds.

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Accounting for Corporate Restructuring Accounting Education

Details: 2.#. In accounting for corporate restructuring, it is must to know the commitment date. For example, on 15th Oct. 2010m we have decided to terminate the service of our 500 employees by giving million dollar under our corporate restructuring contract, but it has approved from both parties in 1st march 2011 but before closing of our financial year.

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List of Mutual Funds in Malaysia Accounting Education

Details: This is also one of public mutual fund in Malaysia. 2nd Mutual Fund - Affin Equity Fund. It is Open-End Fund which is known as AFFEQYF:MK. Main aim of this mutual fund is to provide growth and income to investors. The Fund may invest up to a maximum of 90% of its assets in equities and the remainder in fixed income and money market instruments.

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How to Read the Balance Sheet of a Company Accounting …

Details: In India, financial year will start on 1st April and end on 31st march. So, you will get following balance sheet. Q 1 Balance sheet. Balance sheet shows the financial position from. 1st April to 30th June. Q 2 Balance sheet. Balance sheet shows the financial position from. 1st july to 30th sept. Q3 Balance sheet.

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Relationship Between Accounting And Information

Details: Accounting and Information technology are two terms which are the used in every business . Because both are needed for effective working of a corporate or company. It is the need of time that we should understand the relationship between Accounting and Information Technology . Accounting is related recording and utilisation of recorded data

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Journal Entry for Zero Coupon Bonds Accounting Education

Details: Before passing the journal entry, we should understand the the basic terms in zero coupon bonds. 1. Face Value. Face value is the future value which will be paid by company to the investors who invested their money in zero coupon bond. This bond is just like loan which is taken by company. At the time or repayment, this face value will be paid

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Journal Entries of Debit Note if GST Applies Accounting Education

Details: Now, every accounting record will be fully adopt GST. Now, we again define the Debit Note and also pass the journal entries in which we will also adjust GST. Debit Note is the Document which is prepared by us. 1. Which is given to Supplier for the Proof That we returned his bought goods. We have debited his account.

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Overhead Accounting Accounting Education

Details: Overhead accounting is the concept of cost accounting. In overhead accounting, we collects all overhead, then we classify it. Then we do its departmentalisation. In end, we allocate and apportionment of overhead expenses. All overhead expenses can not be collected from one source. There are following different main sources from where we collect

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Work Certified and Work Uncertified Accounting Education

Details: Work uncertified means work done but not certified by authority. So, contractee will cut some money on the basis of work uncertified and will keep in his pocket. This will be retention money. Accounting Treatment of Work Certified and Work Uncertified. (I) Work certified and work uncertified will go to the credit side of contract account.

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10 Tips for Writing an Academic Accounting Essay Accounting …

Details: 8. Avoid Convoluted Language and Jargon in Your Accounting Essay. Accounting is a very specific field with its own jargon. It is important to know the language of the field in order to succeed in it. However, if you are writing an accounting essay, it is important not to use too much jargon or complicated language. 9.

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