What you'll learn
Accounting Without Debit Credit,
Profit and Loss Account, Balance Sheet
Cash Flow Statement both Direct and Indirect Method
Journal Entries, Recording of Transactions, Trial Balance, Fund Flow Statement etc.
Requirements
No prerequisite required
Description
In this series of videos students will be taught how to prepare Profit & Loss Account, Balance Sheet, Cash Flow Statement without doing Debit Credit. With the help of simple plus minus student will learn how to prepare financial statements like profit and loss account, balance sheet and cash flow statement. The series will also explains fund flow statement, Trial balance, Journal Entries and how balance sheet always tallies.You need not do debit credit , need not remember various rules like debit what comes in credit what goes out, debit the receiver and credit the giver and need not remember 3rd rule of accounting i.e. debit all expenses and losses credit all income and gains. Also you need not remember which account is real account, personal account and nominal account.This unique plus minus technique will help students to prepare important financials statements like profit and loss account, balance sheet, cash flow statement, fund flow statement etc.Students get less mark in accounting, they get frustrated as balance sheet does not tallies and this result in hate towards this easy subject and students starts loosing confidence in the subject.Once you learn through this series you will never come to a situation where your balance sheet do not tallies.
Overview
Section 1: Introduction
Lecture 1 Profit & Loss Account, Balance Sheet and Cash Flow Statement
Lecture 2 How Balance Sheet Always Tallies
Lecture 3 Recording of Transactions
Lecture 4 Journal
Lecture 5 Indirect Method of Cash Flow Statement
Lecture 6 Fund Flow Statement
Lecture 7 Trial Balance and how to Prepare financials from Trial Balance
Those who want to learn accounting in most simple manner


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