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?