Hello everyone,
Here is a FREE Live Masterclass on Accountancy for 11th and 12th CBSE, ISC & State Board, on the topic - Golden Rules of Debit and Credit.
In this class, you will learn -
- The importance of debit and credit in accountancy subject
- When were these rules founded and by whom?
- What was the approach before debit and credit rules?
- Why do we have debit and credit rules?
- What are the different approaches to these rules?
- What are the different categories(fixed assets, tangible and intangible assets, current assets, expenses, losses, incomes, gains, profit, capital, and liabilities) in accounts?
- Do profit and gain have the same meaning? If not, how is it different from each other?
- What is a transaction?
- Journal entry
- Importance of narration
- Why do we say accounts is an art and science both?
- Why do we record every transaction in books of accounts?
- What is a double-entry system?
- What is a single entry system?
- Why do tax authorities, governments, banks, and law consider only a double-entry system of accounting?
Let us unleash all this and more in the Masterclass. See you all there!
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