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i want to know that what are the basic of accounting?

please tell
thanks

You need to basically need to understand the various heads that need to accounted. Also an understanding on the types of accountings needs to be understood. Also you need to know what the term debit and credit stand for. You may need to go in for training in this areas. Also you could purchase books to have a better understanding on this area.

Accounting is a major subject in the field of commerce. The basis of accounting is that the candidate should have the knowledge of the debit, credit and account tranjection.

If you want to make your career in accounting field then your math and calculation part should be very strong then you can success.

The every organisation needs accounting professional. The accounting has a very bright future and many national and international companies are hiring accounting professional.

Originally Posted by Unregistered

i want to know that what are the basic of accounting?

please tell
thanks

Every organization needs to maintain good records to track how much money they have, where it is come from, and how they spend it, So That Organisation will achieve Good Profits in Future.

What Is Accounting -

Accounting is the system a company uses to measure its financial performance by noting and classifying all the transactions like sales, purchases, assets, and liabilities in a manner that adheres to certain accepted standard formats. It helps to evaluate a Company’s past performance, present condition, and future prospects.

OR

Accounting is the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of a financial character and interpreting the results thereof.

Function Of Accounting -

- Recording

- Classifying

- Summarizing

- Reporting and evaluating the financial activities of a business.

So, The Accounting Are depends on These Rules, So If you have Learn these Rule Properly, then Its easy for you to Understand "Accounting".

- Debit to Receiver and Credit to giver ( In Personal Account)

- Debit what comes in And Credit what goes out ( In Nominal Account)

- Debit All Expenses, Loss And Credit Income, Gain ( In Real Account).


In Real Account -

What comes in----Dr
What goes out---------Cr

In Personal Account -

Receiver-----Dr
Giver-------------Cr

Nominal Account -

All expenses and losses----Dr
All income and gains------------Cr


So, These are the Basic Of Accounting, If you can Understand these Thing Clearly, Then You will not Face Any difficulties in Accounts. So, Please read Books, there are several books available in market, so please purchase the best books, You can also Download the E- Books from the Internet.

hi dear
accounting is the heart of commerce student
if you strong in accounting then where you go you exist
as a good worker.

for details:--

http://www.accsoft.ch/download/accountingconcepts.pdf

basis acounting is related to accounts
Accounting is a major subject in the field of commerce. The basis of accounting is that the candidate should have the knowledge of the debit, credit and account tranjection.

If you want to make your career in accounting field then your math and calculation part should be very strong then you can success.

The every organisation needs accounting professional. The accounting has a very bright future and many national and international companies are hiring accounting professional.

Here i will provide the link.From those link you can get full information about basics.

https://www.accountingcoach.com/SamplePDF.pdf

a company uses to measure its financial performance by noting and classifying all the transactions like sales, purchases, assets, and liabilities in a manner that adheres to certain accepted standard formats. It helps to evaluate a Company’s past performance, present condition, and future prospectsthat is accounting... and basic of this i think commerse....candidate should have the knowledge of the debit, credit and account tranjection.

ACCOUNTING-Acounting deals with recording,summarising and analysing various business transactions.
or
the process of recording the business transactions in defined set of records,which in technical words are called as Books of Accounts, is refered book keeping.
accounting refers to the process of analiyzing and interpreting the information already recorded in the books of accounts.

rule of writing down entries in book keeping

in case of personal accounts-debit the receiver,credit the giver

in case of real acounts -debit what comes in ,credit what goes out

in case of nominal accounts-debit all the expenses, credit all the income.

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