Step 1 Basic of Accounts - Debits and Credits

Master Step 1 Basic of Accounts - Debits and Credits with comprehensive NCERT Solutions, Practice Questions, MCQs, Sample Papers, Case Based Questions, and Video lessons.

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Procedure Of Accounting In Companies

Rules For Debit Credit

Understanding Profit and loss Accounts

Understanding Direct Indirect Expenses and income

Why Learn This With Teachoo?

Let's learn some Basic Accounting Concepts in our Accounts & Finance Course.

In this topic, we will learn

  • The Difference between Accounting in Companies, and Accounting in Textbooks (Diffrence in Accounting Theory and Accounting Practice)
  • Basic Rules of Debit and Credit - Rather than learning Debit what comes in, Credit what goes out ... we teach you rules in a different manner. No mistakes regarding Debit and Credit again
  • Calculating Profit and Loss in different cases (with Examples), and how to calculate Closing and Opening Stock
  • What are Direct and Indirect Income, and Direct and Indirect Expenses

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