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Tag: Accounting Basics

Goods, Inventory, Purchases & Sales – Accounting Basics for Class 11 Students

Day 22 of 50 days accounting challenge - By CA Devesh Thakur Introduction https://www.youtube.com/playlist?list=PL1o9nc8dxF1QOAX4Ufa7-GYSPZHKj1dXM Accounting begins with understanding a few fundamental concepts. Among them, Goods, Inventory (Stock),...

Types of Assets in Accounting: Current, Non-Current, Fixed, Intangible & Fictitious

Day 2 – Understanding Assets in Accounting | 50 Days Accounting Challenge Welcome back to the 50 Days Accounting Challenge by CA Devesh Thakur.In Day...

Detailed Journal Entries with Golden Rules & Modern Approach

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Rules of Debit and Credit: Traditional Approach vs Modern Approach

In accounting, the rules of debit and credit are fundamental concepts that guide how financial transactions are recorded. These rules differ under the Traditional...