Smart Learning of Commerce by Maya

LEARNING OF ACCOUNTS  :  Learning of accounts starts its lessons for the beginner. From the meaning of accounting ,  Bookkeeping, type of accounts books, accounting terminology, accounting rules, Policy , type of accounts and generally accepted accounting concept and conventions. . Different type of  accounts books & register i.e. Cash /Bank Book, Journal, Sale book, Purchase book, Ledger Bills Receivable & Bill payable register kept by the business organizations. Accounting terminology used in the recording of transactions and  preparation of final accounts i.e. Trading & Profit and Loss a/c and Balance sheet. Accounting rules for recording transactions and types of account i.e. Personal a/c, Real a/c and Nominal a/c. All this knowledge needed for understanding accounting to commerce  students of class 11. After this foundation they are able to understand accounting for Proprietorship, Incomplete accounts, Non profit organization, Partnership Firms , Companies Accounts .