Professional Documents
Culture Documents
INTRODUCTION1. INTRODUCTION
1. INTRODUCTION
2. CAREER OPPORTUNITIES
a. CAREER INTEREST
b. CAREER PLAN
c. EMPLOYMENT
3. IF EMPLOYMENT OPTION
7. SUGGESTIONS
9. CONCLUSION
12. SUMMARY
Basics of Accounting
Tally is an Accounting Software that helps you in maintaining Accounts and Inventory of your
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office.
What is Accounting
Accounting is the art of recording, classifying and summarizing in a significant manner and in
terms of money, transactions and events, which are in part, at least, of a financial character, and
interpreting the result thereof American Institute of certified public accountants.
Methods of Accounting
I. Assets Accounts
II. Liabilities Accounts
III. Capital Accounts or Owners Equity A/c
IV. Revenue or Income Accounts
V. Loss or Expenses A/c
Methods of Recording
I. Debit the Increase in the Assets and Credit the Decrease in the Assets.
II. Credit the Increase in the Liabilities and Debit the Decrease in the Liabilities.
III. Credit the Increase in the Capital and Debit the Decrease in the Capital.
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IV. Credit the Increase in the Income and Debit the Decrease in the Income.
V. Debit the Increase in the Expenses and Credit the Decrease in the Expenses.
Classification of Accounts
1. Personal Accounts: These accounts are those accounts which are opened by a name of a
person, firm, company, society or organization.
a) MAHESHs Accounts
b) Owners Capital Accounts
c) Owners Drawing Accounts
d) Debtors Accounts
e) Creditors Accounts
II. Artificial Personal Accounts
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