In Step 2 of our Accounts and Finance Course,
We we will learn
-
How to pass
Expense Entries
in real life, and the difference between entries in books and entries in accounting softwares. There is also an assignment for you, with solutions
-
Then, we will learn the difference between
Fixed Asset Entry
and Expense Entry, and how to pass a Fixed Asset Entry.
-
We will learn how to pass
Sales Entry
, including Cash Sales
-
Different
types of Loan Entries
like EMI Entries (Term Loan Journal Entries), Entries for OD and CC Limit, Entries for Bank Guarantee, Entries for Letter of Credit (LC)
-
How to pass
Entries for Fixed Deposit (FD)
- including when FD is made, when interest is earned, and when FD is matured
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Also, if we have
given a Loan,
how to pass its entries
-
Finally, the chapter ends with
Import of Goods Entries.
This has
different cases
like
-
First Goods Imported, then Payment Made
-
First Payment Then Goods Imported
-
Partial Advance Payment
-
Payment Not Made till Balance Sheet Date
-
Partial Payment Made till Balance Sheet Date
Click on a Link of a sub-topic below to get started