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Showing posts with label 11th Accountancy. Show all posts
Showing posts with label 11th Accountancy. Show all posts

Sunday, 28 June 2020

June 28, 2020

Basic Concepts of Accounting आधारभूत लेखांकन शब्दावली

🏡 घर से पढ़ाओ अभियान💥 आत्मनिर्भर भारत

Basic Concepts of Accounting | आधारभूत लेखांकन शब्दावली | Chapter - 2 of Class 11 | HTET -1


#GharSePadhao

सभी को मेरा नमस्कार, आज आपके लिए लायें है 11th Accounts के दुसरे पाठ (आधारभूत लेखांकन शब्दावली ) की विडियो जिसका लिंक नीचे दिया गया है :-

Basic Concepts of Accounting | आधारभूत लेखांकन शब्दावली  | Chapter - 2 of Class 11 | HTET -1


Basic Concepts of Accounting | आधारभूत लेखांकन शब्दावली | Chapter - 2 of Class 11 | HTET -1





Kuldeep Birwal, Lecturer Commerce , GSSS, Kalayat , Kaithal (Haryana)
(M.Com, M.Ed, UGC NET - Commerce and Education)

सभी बच्चों तक जरुर पहुचाएं | फीडबैक का इन्तेजार रहेंगा , धन्यवाद

👩‍🏫 घर पर रहें, स्वस्थ रहें, और पढ़ते रहें🎯





Basic Concepts of Accounting | आधारभूत लेखांकन शब्दावली | Chapter - 2 of Class 11 | HTET -1 #accounting #easyconceptsclasses #chapter-2 #class-11 This video will help you to understand the Basic terms used in accounting in a simple way with one-liner description. Do listen the full video and get clarity on these terms. FOR - 11TH, 12 TH , B.COM , M.COM ,COMMERCE Basic Concepts of Accounting, आधारभूत लेखांकन शब्दावली, accounting basic terms, basic terms, accounting for xi, accounting for 11th, Easy Concepts Classes आप सभी का में बहुत बहुत स्वागत करता हूँ आपके अपने चैनल EASY CONCEPT CLASSES. This Channel is about CTET, HTET, Child Psychology, pedagogy, Hindi pedagogy, commerce pedagogy, social science science, GK, general science, UGC NET, Education, Commerce. Basic Introduction of Accounting | लेखांकन एक परिचय | Class 11th Chapter 1st | BSEH | CBSE : https://youtu.be/gRdEqdrZy20 आसान तरीके से समझे F. W.TAYLOR - फ्रेडरिक टेलर SCIENTIFIC MANAGEMENT वैज्ञानिक प्रबंध के सिद्धांत : https://youtu.be/Z1LWtkq8BnA प्रबंध के सिद्धांत | आसान तरीके से | Important Topic for Business Studies for 12th , NET and HTET -1 : https://youtu.be/UqVEaGJ-J9o आप हमारी वेबसाइट से भी जुड़ सकते है : 1. Google Answer : This website is related to YOU WILL FIND THE GOGGLE QUESTION'S ANSWER , ONLINE TEST, EDUCATIONAL ANSWER, LESSON PLAN, MICRO SKILLS, B.ED, CAREER GUIDE , JOBS DESCRIPTION , TEACHER QUARRIES, STUDENTS QUARRIES, CTET, HTET, UGC NET 2. Easy Concepts : This website is related to COMMERCE CONCEPTS , ACCOUNTS CONCEPTS , BUSINESS STUDIES , ECONOMICS CONCEPTS , INCOME TAX , PARTNERSHIP, DIRECT TAXES, COMPANY ACCOUNTS Basic Concepts of Accounting, आधारभूत लेखांकन शब्दावली, accounting basic terms, basic terms, accounting for xi, accounting for 11th, Easy Concepts Classes, accounting fundamentals, basics of accounting, accounting for non accounting, kuldip sir, how can i learn accounting, learn accounting easily, basic accounting terms notes, basic accounting terms pdf, limitations of accounting class 11, accounting 101 terms, cbse class 11 accountancy chapter 2 notes, advantages of accounting class 11, accounting, class 11, basic terms, accounting concepts, avdharna, accounting concepts and principles, accounting concepts in hindi
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Wednesday, 6 May 2020

May 06, 2020

What is goodwill ? | Facts of Goodwill

What is goodwill ? | Facts of Goodwill

What is Goodwill:  When one company buys another it usually pays more than the actual net book value of its acquisition the difference between the purchase price and the acquisitions equity is called goodwill. 

What is goodwill ? | Facts of Goodwill

What is goodwill ? | Facts of Goodwill


Goodwill is a premium paid by the buyer to reflect items not carried in the purchased company's accounts. This includes its reputation brand geographic location and patents as well as employee commitment and the synergies. The buyer expects to get from the acquisition. 

This situation is totally normal because buyers hope to boost the future results of the companies. They acquire but some time those results do not live up to expectations. Perhaps due to changes in economic conditions International Accounting Standards require the buyer. Now the owner of the company to check the value of its acquisition every year if the expected financial benefits fall short of expectations do no has to write down some or all of the goodwill a process known as impairment. The impaired amount is irreversible.


Let's look at an example, in the banking sector goodwill impairment as a negative impact on during a bank's results but no effect whatsoever on its solvency this is because. Solvency is measured on the basis of shareholders equity- goodwill deducted in full at the outset. In other words if goodwill is impaired the bank solvency ratio is not affected the bank remains solid and its capacity to carry on its business as a financial intermediaries unscathed naturally this is very reassuring for customers. 



Tag: goodwill , bank accounting practices, purchase price, company book value, company book value

May 06, 2020

The A - Z of Detailed Meaning Of Trail Balance


The A - Z of Detailed Meaning Of Trail Balance


Hello Students today we will discuss about Trial balance so let's begin trial balance. Let's try to understand what is Trial Balance.

The A - Z of Detailed Meaning Of Trail Balance

The A - Z of Detailed Meaning Of Trail Balance


Trial balance is a statement of the debit and credit or closing balances of the ledger arranged in separate columns.’


So we know that while maintaining the records of the business organization the first step would be recording the transactions. So we record the transaction in the book of prime entry or we also call it as journal. So we make journal entries for all the transactions. After that we post them into ledger that is separate individual accounts for each item in journal. So the second step would be ledger. So after nature the third step is trial balance. Trial balance is a statement remember it is not an account it is an statement which contains the list of closing balances of the ledger accounts.

For example so this is the ledger problem which we solved in one of our previous sessions before coming for trial balance. First of all you make sure that you are clear with the concept of ledger. Trial balance is the list of closing balances of the ledger accounts. Understood the concept remember trial balance is the first step for preparing the financial statements of a company. After the preparation of trial balance various accounts and financial statements are prepared. Like trading and profit and loss account balance sheet etc. Trial balance will be very useful for preparing the financial statements of the company. Next let's have a look at the format of trial balance so first of all it is heading trial balance of here you need to mention the name of the company for whom you're preparing the trial balance as it here you need to mention the dead.

The things are same here you need to mention a name of the accounts so this is particulars column. This is ledger for your column here this will debit balances and credit balances. When you total up all the balances on debit side and on credit side they must tally. If your trial balance is correct alright so for preparing trial balance there are certain points that you need to remember. They are capitals liabilities and revenues always recorded on the credit side in the trial balance. If in question there are any capital a duties or revenues so the name of the account should be recorder written in the particulars column. Then the amount should be recorded on the credit side. Remember this point.

This is very helpful for recording the transactions in the trial balance. Capital liabilities and revenues on credit side next assets and expenses are always recorded on the debit side in the trial balance. Again same the name of the account will be returned in the particulars itself but the AMA needs to be recorded on the debit side. Assets and expenses you need to remember. Both of these things these are very important for recording the transactions. Next when both the amount columns are totaled they should be tallied. So as I said earlier after recording of all the transactions the next step would be totaling. There should be no difference in the tribal’s if in case there is a difference in the amount it means that your trial balance is not correct. There are certain mistakes in your trial balance.

Why do we need to prepare the trial balance?

Now the question arises why we need to prepare the trial balance that is to test the automatic accuracy. So to test whether there are any mistakes in the in the calculation or not we need trial balance. To help in preparing financial statements as I said earlier this trial balance is the first step in preparation of financial statements. It helps in preparation of various financial statements for the company. It serves as base for them right next helps in locating errors. If in case there are any errors it will be easily located because the trial balance should right if it does not tell. It means that there are certain errors. We can correct them easily. It helps in comparison so it always helps in comparison of debit and credit balances of the business organization.

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