In this video I have explained the basic concept of accounting in a simple way and this is especially for science background students.
Here I have explained
⏱TIMESTAMPS
0:00 – Intro
0:12 – What is Accountancy?
3:03 – Accounting Process
5:06 – 5 Elements of Financial Statements
6:13 – Asset?
8:34 – Expense?
10:38 – Liability?
12:58 – Equity or Capital?
16:38 – Revenue?
17:44 – Practical Example
24:41 – What is Double Entry System?
28:47 – Debit and Credit Balances
This is for the students of CLASS 11, B.COM, BBA, CA INTER, CMA and any other accounting courses.
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