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Accounting courses in chandigarh (3)


Accounting courses in chandigarh is provided by CBitss Technologies at sector 34A . We provide training for those who want to make their career in Accounting field . For more information contact-us : 9914641983 . – PowerPoint PPT presentation

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Title: Accounting courses in chandigarh (3)

Accounting Courses in Chandigarh
What are the basic principles of accounting?
  • Principles of Accounting was often the title of
    the introductory course in accounting. ... In
    this context, principles of accounting refers to
    the broad underlying concepts which guide
    accountants when preparing financial statements.
    Principles of accounting can also mean generally
    accepted accounting principles (GAAP).

What is an example of a real account?
  • Examples of real accounts are
  • Cash.
  • Accounts receivable.
  • Fixed assets.
  • Accounts payable.
  • Retained earnings.

What are the basic accounting concepts?
  • Basic accounting concepts
  • Accruals concept. Revenues are recognized when
    earned, and expenses are recognized when assets
    are consumed. ...
  • Conservatism concept. ...
  • Consistency concept. ...
  • Economic entity concept. ...
  • Going concern concept. ...
  • Matching concept. ...
  • Materiality concept.

What are the five major types of accounts?
  • What you might have figured out is that there are
    5 main types of accounts used in accounting
  • Asset.
  • Liability.
  • Equity.
  • Revenue.
  • Expense.

What is a normal account?
  • The debit or credit balance that would be
    expected in a specific account in the general
    ledger. For example, asset accounts and expense
    accounts normally have debit balances. Revenues,
    liabilities, and stockholders' equity accounts
    normally have credit balances.

Accounting Courses in Chandigarh
CBitss Technologies
  • 09988741983,0172-5031983

Website http//
CBitss Technologies
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