Double Entry Extended - Urdu/Hindi - Get Ahead in Cambridge Accounting 7707 / 9706 with Easy Tips
1. The Complete Guide to Cambridge Accounting 7707 and 9706 for O Levels A Levels!
2. The Secret to Getting Great Grades in Cambridge Accounting 7707 and 9706!
3. How to Ace Cambridge Accounting 7707 and 9706 in Just One Month!
4. The Most Comprehensive Guide to Cambridge Accounting 7707 and 9706!
5. Get Ahead in Cambridge Accounting 7707 and 9706 with These Easy Tips!
Follow our Channel:
https://www.facebook.com/GRITuptodate
@grituptodate4591
https://www.febspot.com/ref/371435
1 Financial Accounting
1.1 The accounting cycle
explain & apply the principles of the double entry system to record business transactions
- Accounting system: a system of collecting, storing & processing financial information & accounting data used by managers.
- Double-entry bookkeeping: a system of recording accounting transactions that recognises that there are two sides / aspects to every transaction.
• All transactions have a dual aspect.
• Every debit entry in an acc. in the ledger must have a corresponding credit entry.
• Every credit entry in an acc. in the ledger must have a corresponding debit entry.
apply the accounting equation
- Assets = 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 + 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠
- Assets: something which is owned by / owed to a business
- Capital: initially the amount of money invested in the business by the owner. After the first trading period, it is adjusted by the profit for the year less any drawings plus any additional capital contributed. It is the net amount which the business owes to the owner
- Liabilities – the amount of money owing to people outside the business for the use of their resources
-
14:54
Mr Reagan
16 hours agoWE ARE ALL MAGA NOW
1.22K16 -
15:35
Space Ice
15 hours ago'The Beekeeper' Exposes The Dark, Gritty, & Violent World Of Apiculture - Best Movie Ever
1.58K12 -
3:29:53
SonnyFaz
19 hours agoEric Kelly Trains Sonny FULL STREAM
2.37K6 -
9:32
China Uncensored
9 hours agoBad Things Are Happening In Taiwan...
1.81K3 -
38:24
Tucker Carlson
7 hours agoTucker Carlson and Donald Trump Jr. Respond to the Trump Verdict
56.5K339 -
2:01:47
Fresh and Fit
7 hours agoAfter Hours w/ & Tommy Sotomayor
138K274 -
34:19
Alexis Wilkins
13 hours agoBetween the Headlines with Alexis Wilkins: The Verdict and More
37.2K26 -
1:11:21
Kim Iversen
13 hours agoWW3?!? Is The West Secretly Behind Another Color Revolution Aimed At Toppling Russia? | Biden Maniacally Bombs Yemen and Russia
82.7K61 -
1:36:46
Roseanne Barr
11 hours agoFor Love of Country with Tulsi Gabbard | The Roseanne Barr Podcast #50
93.2K153 -
33:59
TudorDixon
18 hours agoA Story of Sacrifice and Service with Joe Kent | The Tudor Dixon Podcast
33.5K4