Double Entry BookkeepingTraining

at Globalnest Solutions

Objective

Explain basic accountingto programmers

Advantages to you

Trainee

I hear and I forget.I see and I remember.I do and I understand.

Session 1Plan for three sessionsRules of AccountingBooks of AccountsCase 1 (Trial Balance)

Case 2 (Trading A/c, P&L A/c)

Session 2Case 3InventoryDepreciationProvisionsLoansCash FlowAccruals

Session 3Case 4Trading AccountProfit & Loss AccountBalance SheetQ & A

Rules of Accounting1. Debit what comes in.

Credit what goes out.2. Debit the receiver.

Credit the giver.3. Debit the expenses/losses.

Credit incomes/gains.

Books of AccountsJournal (Book of Prime Entry) Ledger