Basic Accounting

Introduction to Accounting (Fundamentals)

• Introduction to Accounting
• The Five Major Types of Accounts
• Assets Definition and Examples
• Liabilities Definition and Examples
• Capital Definition and Examples
• Expenses Definition and Examples
• Revenue / Income Definition and Examples

Main Categories of the Major Five types

• Explain the concept of T-accounts
• Rules of Debit and Credit

Accounting Cycle

• General Journal Entries
• Journal Ledger Preparation
• Trial Balance Preparation
• Trading Account Preparation
• Profit and Loss Account Preparation
• Balance Sheet Preparation
• Assignments for Practical