Importance of understanding Basic Accounting Terminology

Описание: This is a playlist about Basic Accounting Terms, it is an Accounting tutorial for beginners. The easiest way to understand Basic Accounting Terminologies which will help not only in academics but also in your professional life. This is how I passed my Chartered Accountant Exam to become a Certified CA in India with All over India Rank. You can use the information in the series to understand these accounting terminologies and become Certified Accountant in India or abroad. This series would help you understand concepts of Assets, Liabilities Debits, Credits, Capital, Entity, Drawings, Expenses, Equity, Revenue. This series has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity.

This will also help you to understand the income statement which is Revenues - Expenses. I hope you will enjoy this series. I will also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation as well.

Do tune into this CA Savita Bhagat Channel and view the other videos/playlists as well.

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