222

$show=home

Welcome to Svtuition

The Free Online School with 5000+ contents as study material which can watch, read and learn anyone, anywhere.

Start your studies

$show=home

Why SvTuition Important


Free
Simple
Have Quality Study Material
Taught by Expert

Search your teacher

Why SvTuition Volunteer


Free training
It's educational
It's fun
It helps others

Become Volunteer Teacher

Mechanism of Accounting


Mechanism of accounting means includes all the steps which are needed for making final accounts. First of you need to learn double entry system because without  learning this, you can not pass the journal entry. Then you need to know to make ledger accounts. This is important because it will give you the different account balance. Then you have to make trial balance. This trial balance will give you the knowledge of mathematical mistakes. After correcting mathematical problems, you need to pass the adjusting entries. In the end of this mechanism of accounting, you need to know trading and profit and loss account and balance sheet.

You have seen any machine. If you open the machine, you will see the different parts. Every part contributes for operating the machine. So, this is the mechanism of machine. Suppose, accounting is also a machine. You will provide  input and accounting will give you the output. For this, all steps will be taken by you or your accountant.

Without this, our output in the form of financial statement will not be as per standards.

COMMENTS

: 1
  1. this is so simple way to understand the mechanism of accounting

    ReplyDelete
Add a public Comment...

Name

11th Class Physics,4,6th Class Science,1,accounting,77,Accounting Concepts,1,Accounting Course,4,Accounting Education,17,accounting equation,3,Accounting Formats,1,Accounting Solutions,36,Accounting Videos in Hindi,4,Algebra,11,Amazon,1,Answer the Questions and Become Master,18,App,1,Applied sciences,2,B.Com Maths,9,Balance Sheet,2,bank,10,Banking,4,bengali,4,BHIM,3,Biology,1,Bodybuilding Education,5,Budget,1,Business,3,Business Education,6,Business Environment,2,Business Mathematics,6,Business Solutions,1,CA,1,Calculus,1,cameras,2,Canara Bank,2,car,1,Car Driving Course,58,Career Solutions,12,carpentry,14,Cattle Domestication Skill,3,Cattle Domestication Skill,1,CDSL,2,chemistry,1,Class 10 Maths,11,Class 5 Maths,1,Class 8 Maths,4,Class 9 Maths,1,commodity market,1,Communication,4,Computer,13,Computer Basics,16,Computer Hardware,4,Computer Networking,11,computer science,2,Computer Software,11,Computer Solutions,1,Construction Skills,11,cooking education,24,Corporate Accounting,17,Corporate Law,3,cost,2,cost accounting,8,Credit Card,1,CSE,1,css,4,Dailymotion,1,DEMAT Account,2,depreciation,2,determinant,3,Domain Name System,2,drawing,1,Driving Education,1,e-accounting,1,earn money,5,Earning,2,Economics Education,16,Education,4,Education Solutions,12,Electrical Skills,9,Electronics,2,Email,1,Energy (physics),3,Engineering,2,English,9,Examination,3,Failure,4,Finance,14,Finance Education,30,Finance Solutions,8,financial,2,Financial Accounting,26,Financial Service Providers,2,FIR,4,Focus on Study,7,Football,1,Forex,1,Forex Trading Skills,1,Free Maths Tools,1,Fundraiser,1,Gambling,10,Gambling Addiction,4,Geometry,1,gold,2,Goldsmith,33,Google Adsense,2,Google Blogger,1,Google Meet,1,Google Pay,2,GST,1,Guest Writers,3,Gurpreet Singh,14,HDFC Bank,1,Health Education,16,Help,2,History,2,Home Building,11,Home Maintenance amp; Repair,4,Home Remedies Course,14,HR Management,7,HTML,4,Index Number,2,India,6,India Post Payments Bank,4,Indian Language,1,Influencer marketing,1,Infolinks,4,Inspiration,42,insurance,1,internal audit,2,International Finance,1,Internet,38,Internet Forum,1,Investment,8,Javascript,1,Jobs amp; Careers,5,Journal,1,journal entries,1,journal entry,3,Kenya,1,Laptop Basics,2,Law Education,14,Law Solutions,1,Learning,5,Lecture,2,Legal Education,9,Linear algebra,3,Linear Programming,9,Malaysia,2,Management Accounting,17,Management Education,16,Management Solutions,1,Marketing Education,6,Mathematics Education,126,matrices,31,MCAT,1,Medical and Surgery Education,1,Mobile,10,Mobile Software,4,motivation,19,MS Excel,12,Music Skills,3,Mutual Funds,3,Nepal,1,Net Banking,1,Network addressing,2,Nigeria,1,Online,1,Online Teachers Support,2,organisation,1,Other,16,Pakistan,1,Payment Service Providers,13,paypal,6,paytm,6,PayU,2,Personal Finance,3,Philippines,2,Photography,1,Photoshop Software,5,PHP,1,physics,5,Picture,1,Plumbing Education,8,Polynomial,9,Post Office,3,Probability,6,Profiles,1,Profit,1,Programming Language,10,provision,1,Punjabi Language,2,Quiz,1,real estate,1,rectification,1,rectification of errors,1,Relationships amp; Family,3,Religious Studies,7,Result,2,Sahas,3,Sanskrit,6,Saudi Arabia,1,Saving,1,SBI,2,School Accounting,2,Science Education,15,Secrets of Failure,2,Self Identity,1,Self-Learning,4,Share Market,5,Share Market Dictionary,1,Singing Skills,12,Skating,1,Slideshow,1,Solution,5,Spiritual Education,5,Sports,7,Statistics,10,Statistics Education,3,stock,3,Story,1,Success,5,svtuition,3,Tablet Education,7,Tailoring Skills,4,Tally,69,Tally Solutions,9,Tally.ERP 9,78,tax,6,Tax Solutions,7,teaching,3,Teaching Education,12,Tech Simplify,19,technical education,1,Test,5,Testimonials,3,Travel,10,Trigonometry,7,tuition,3,TV Shows,4,UK,2,USA,1,variance analysis,3,VAT,1,vector,19,Video,31,Video Editing,1,Video on Demand,1,videos,181,Vocational Education,20,Wealth,1,Web design,6,Web Hosting,6,website,16,Welding Skills,2,WhatsApp,7,Wife,1,Wifi,8,Window Movie Maker,1,Wordpress,6,working capital,1,Yono App,2,Yono Cash,1,Youth,17,youtube,14,zigopay,1,
ltr
item
Svtuition: Mechanism of Accounting
Mechanism of Accounting
http://2.bp.blogspot.com/-u0PH5IfrbME/VciCaxXmztI/AAAAAAAASZg/Q9NAFE25joY/s320/mech.jpg
http://2.bp.blogspot.com/-u0PH5IfrbME/VciCaxXmztI/AAAAAAAASZg/Q9NAFE25joY/s72-c/mech.jpg
Svtuition
https://www.svtuition.com/2012/07/mechanism-of-accounting.html
https://www.svtuition.com/
http://www.svtuition.com/
http://www.svtuition.com/2012/07/mechanism-of-accounting.html
true
3065238051582539150
UTF-8
Loaded All Posts Not found any posts VIEW ALL Learn more Reply Cancel reply Delete By Home PAGES Contents View All RELATED CONTENTS FOR YOUR LEARNING Topic ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy