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CERTIFICATE IN ESSENCIAL ACCOUNTING ( B-303 )

BASIC INFORMATION

SYLLABUS OUTLINE:

·     Basics of Accounting

·     Accounting terminology (Debit, Credit, Asset, Capital, Depreciation, Purchase, Sale, Profit & Loss, Balance Sheet, Bad Debts etc.)

·     Journal Entries

·     Understanding Ledgers & their groups

·     Setup of Masters (Creating Ledgers, Groups, Stock Item, Item Units and tax masters)

·     Recording vouchers (Bills).

·     Purchase & Sale of Trading Goods (GST and Non-GST transactions)

·     Providing of Services

·     Business expenses (salary, rent, tea exp, wages, bills etc.)

·     Purchase or sale of Capital Goods.

·     Receipts of cash or cheques.

·     Payment transaction in terms of cash or issuing cheques.

·     Reconciliation of Accounts.

·     Finalization (closing of financial year).

·     Opening a financial year (entry of balance sheet of previous year).

·     Capital and loan entries.

·     Interest Calculations.

·     Reverse Charge mechanism.

·     Creating E-way Bills.

·     Printing Invoices and Reports.

10TH PASS