—_—_ t MN | Basic Acc cursing Teves _Lropaictor > The pexson who Starts the business ,— invests mon and beans atl -tbhe sske associated | with business is called. —praprie-tor- Note En case. of partnership there _Can_be more. +than_one prop nietvy, each _one _f Called —_a__ppardnew_ Gs Goods: Gonds_ana the physical them ob. ob rede. Goods _tncluder alt those things wich ane punchased for _ | veSale ov shich ane Usd for producing — the finished H Predact ushrichs one. also meant Yor Sale. ‘Tn _Simp/e wares gocdr anc those tteinc in ushich au basinest —_ —_|-porinally. dealt e.g. for _a_s-kakronen. pens, _pe ects hockc ede ang the 9.gack Neke + Foy a _tnanufactentng- bucined the cies. _taten'al reves : For_a_ctnading. bugnesr neady male jteme em gands __@, Purchases? means purchases of _ Gocde ry ne sale 4-02 for _piraclucing the rinithad. product a Orne ot, be sold. 2 2 “Uo_tase off manupactuning bucine si “p reche. Sec" seep xaut material ov use im fuvthan —Peoduchvh of finshed goad ab brad. basinese t : ¢Tpuachaser” mecns pinches dy mech gauda tov recede 3 z2 ee | Purchasey ane eb Live Lig brs 1 (a) Cash purchases, breast purchese o(- -gureda | 7 thot ment against. CrS6/ Cheque Com the Spo pagent) | a - _ a ue ; tb) Coeds puvelveses 2b reane_paghne a {sett be made tn pockune —— = a) Purchases Return ( Return < x Gay other Aea$on + sb Sales : means sale of thvse_g-ao doje Js eabhtct | ss Lautbucinest noriaally dealy. Seles _tmedit _cheans fen 1 -eh ownership ef gamds_er Seri cute te cuttorars foo. price. a ees Sates ene af —a_tghes = © ath Sales: th pmoans Stile of. qote against Cashf Choa © Credit Caley + it teanc pagent, fox geudo Sold usitt be necoted 00 fretune. © nin_( Return Thward) > Tt moang ge | |_sackuened Ly. dit any | defect ax any. othen neason, * | Debtor isa person tr whom gocda ane sold — | bt bu Gnes! on Crpdit ond spay ment shan nt J pee | kn Neco ed i fox) 3 on—acount of credit — f&] q ee “a ~__| Debtor is a _pors t2—taho_oleA_money. te basinest oe2, fpr example if. geods dow sold aby Vimy ON Coedit then viqay witt be dyealed ania debtor af business. = “Coaditer: isa person fmm urhom ganda are purchased by birsinest_oh Crodit and” pag mend thet nob seme been made — =O) : - 0. persoh ts _usho hn business owes money on acovnts of credit punchase of: goods is _Creditex Fow_s eharple. va oda ae punchesed from Babul on Credit then abot _usitt be prected as _a_cyedetew | af, bucimest = . ee 7 — (9) Solvegts 2 te a. Revie or — Busines used tt tn a. i ios Wiabi Deion 4 the pe imt_ag- jo) Tn solveet..”_fS_a person ov fousiness ushr& 5 pbot_in a potition te —onepay itt: alodcbea y Busines 1 Entity Concedst Ax bern +: sis Cate - busnest is strwated as a Sebsete person foam L'tS Guwhecs All +he -tbrpniachons arr recorded _point_of view. «4 _businesl and not _fwm_ eer 0, O49 hers Oushevs Sereda Pee —_ _ - Cratunst_pesion). ef Late coc ——- eS 5 :From uci nest poiet of aes. Credit Sele to Vis-y COeutwy — Rus nest Credit rola pe ; kom ane Seda ea ade Keceivahles : sith RBucness made § Mv BR Ryave (Note | Croeit Sales to at 2Mr A S$0,a00 0 Mr_¢ ORR he vate ) [Gilt of Exchaye| SA Saas I 2 oll Frade Roce’ Vilin= Debts 4+ 22 = y log aa) Trade Receivalles = It means Monet neceivable fn : Sale of. gaoclt_and corvicec in the Ochi ary. Course | leg butinests Th is a cum Dektov al. bila neceivaltos aan “ 7 Debtor: _is_a OW _atrount ¢ 2 Bille Recei valde 5 iso Bi 06 Exchane Persan urbe gues tmoniy te Sucinese a pba sell he ‘ specie Pete tdi woctt BF nocoived — “BR swbloces @ doltnvt / 40,009 Cred ete 1 20 uaa ¢red ty, a (Blils Pay atte) Bustnest. | @ill at Eyclacae | | Trade. Pa 2 Tb _ means amount pageblentg business |_a.g Aine punchase of gerd | Orclinany. Coun se ay basihe cf - Tt. | Credeturs and bills payable) Credifort * person te ushom becine'sy ower | fnone: coourt of Credit purchs=Se of _g-esda. _ Gitle Papable? i¢ a Gill _of Exchange accebled by. : ee irae vEDE pT ver fare — re Assets > Qne probent ron J coal -saigéte O.usned Tia hacinet ct abr —Velue Carn be atfeched ee wore ang thing ualrch ust enable a businert te get Cash ox benef in fuduno if | an assets e.g. and, building pechirevy furnibire | stove debtor , Cash belente benk be ance Se| _Assels cam be ffant her classiped. Co Now Cunneut As sols | © Curent Assets | @)___Firettbrous Assets = as we Sag DaErretArssets > —)_Non=cuxnent Assets > Ane thuse assets abicla one held _eithea aA _inwettinent os tor use tin} Simos Operation ¢ ob_praducing Ggodsand_s vitor and a | orb, Meant by recale. TA_othey usaxda hoy Cue _ assets cone theta by- busin st fea bows. tec = —ecudl poinbiof. views: Evambles fn werent ah Leta Long. down fade and — asSels a “ight lon Computers etc. | : : | E L rar ty y bees 6h hon Cumeut assott + 7 | 1d) Fixed Assets : Gow these pon Curent asset abich | noease bavi imeste ci) Ented_asselt ane of bie ——____| J Pip ena hag be seen aa ———iseplet ane Plant 1 machine, land £3 Ru'tdin Orrnpuders, burnitune vehiclen etc oT | + 5 , pn Pha h ho L een_and touched e.g. Pebgnet Garde’ ot Patent — Lights Ca top ules , fake c fl | [: eZ. Ci) Current Assets > ctoce those asses cahrch ane Acted busines’ far Shoe t stem (Jers than { yeu). These ane —cithor meant for wetale or _ooitt be cornverted rnty Cath esithrn one _ Car _e.g: Sdode 06 goed, ——} ane eld fv recale , Debtors and @R ane ——}-2 pected ste be converted info Cash es ethin, ohe yeaa Other examples One Pcopard enfen ser Cath baleng beni bslen ce ete _ _ —_ —_(T)_Eictitious Ascets > are these assele usb ane ——|heithor tangible hoy intanpille » These cannot he bought _ Ov Sold, exXamfoler ane Debt Ralanc of Profit Sloss |__These a Lb i #he_maney Dae hy pos ints busting ott. tn cath oc in find. i Dit sl te wards ausneve. oa ee also peal a intend Dzabidiy. Cobete! increases | l try phe foy ko —#b—addicb-onal_Cabitel aod. pre bis 4 dnansings Copitel = Accets — drabidebres | td | Cothided i wey? é yy he} & i Worth - r te : J use Unde — Cusin ity Oncobe” business ic a rate oF distinct. = fram_iit pienave All -trancachins —2 tbs the amount pagehle. ty basineds 7 tessa the olsnens. ee huciners it Called | Eternal tabs tihes are ob 2 lyon satires fF —__|@)_ Nor curmet biab dete? ane thase Jtabilehies Atco | ane prapahle obter_one- gear frrre the end ot _acocubry —|pexiad eg. _hen)e Joan deremtunes Con frm aaa ete. b> _curreet tiabed pres + Gwe those Liab iberlalaalarchs a payakle trtthin che year firm the end. f= acwunts | Periad og cveditorc, pith patgahe, sh wt tem boss de. 16} Drawings 2 Tb nefors to dmolat ab taney ox Vale cab he ae Used by prupsetar dor At personal Goad | Asses > Used ly popeed tov are Slant af pdachacsb Pathe mis | tt Deaunings meclucea he _Cobitrod eds pro froietow —____ | Clap _ Discount + 2 _Tt_teand sedechim in parte ab product Tied oe ead ee “Hi_solos. Trade © Disc is Tol veceaed | En heciess Ons met Purchase Salat Saler ip mecended. | Cash Dittese tt 216 _ofbemed by Duusine s§_te_receive Pagtoent in time Ft | recerded by btines. Ot, | iS _on_expense por che panty —altatuiing —deseaeat —anel __ income (uv dhe pant saccolving. clitcounct—esta (2s) Vowdhe —: Tt efou dn evidence 06-0 hettedan, LL, invaice[ bit a neuuipks pag in chops - : Sxampkt ane Cash meta, - —+-Bebit mote} Credit dade —@!) Voucher Revenue > Tt nefers te dinsuntoeuivale ~~ be {by Lusinest from Sale ef — Goods, [cerwicen inthe ia —Losidinany. Course ab busiest Le alia _intdides trong > . ~jnetaivakle by 4 positing. othert tease Meith SOU CEL, eX ombte ane _srend- meceived —inkitert Land. dividend received Commntusvos mecerteet. —~ Ks Revenee is not po hee Po bt ic Calesleked by | . Audeducting. erperser pwr mevemug. - . , al ePa pre = Revenue = ere ntes : 4 Prob i alia called in cam ——___ AD). Bthenses: Exjnse ig the Conk incumed en tT | Prodacing and Setting uk goadi avad Corie en [ - | Following ane included in & fern J, exbrence a — ay Cost ef ganda Sold. va ae tery chante Guy etling exbencer Such a Qdvent Se mnoud Trownle | Ww Debre ci ation - i , 1 Es ecole meant income - Soe ee a 3 A. isthe Af, Gof eieuentie and eapauh ie _ cat ingueng eal E-20,000 (oe verue) _ [ = Ih Sad Setting af —goula— en GL ees ee Ta ee ee dso — ou = —_f_F060TPrtome_is_a._hroadern term thsn the te and includes profs from ackiviti | operating. paachividves. CN) Powfite 2 “ib mem thame, earned by. the business fom. 7 |_i-ts_gbereding. achvitien (dag ct day achwhies) - Te {2 Coleteed bie deduchin g ek fen Ses fom sievenue « Tb inorasen Cafoikl — eh omnes. _Pnsbit i further divided into gu_pskt and | heb __prabic vebt 2 cb ts differnce betwen Sele of souk Over. Cosh paass old. | Net prop 2 (Ss Prbt earned abtér decdluctmg alt exfanses = cas) Gain: Gain is a proht coh Intnogisban, ox hon _supdetre _th_patures es a_aaises fram -teancachtne Usha ia Qne incidental te b&sinest eng. tuiinning. cotint_case probit Lon ale of fired assets the tuiinning, Latte). jaxtze sefe.— Rves Disfingas Shy bl Prapt_and Ask Pat ai gon ferro ie ha dies (Day fh Day /youtine actwter)+ 1 ea = Revenue Expenses | + 2b ic sesuth of hesiela |drancachost which ane se gular tn nature. Gam # anise, wm trancachons which ane incidented He busmers tk is ixmegulan cv oh supetebve ih ——— Nature. eg Lulnns sy bre probe on Sale % —__— Liked asset oc __CO) Loss 3 this te os | rece ied chao _is_excess +06 _expenset ae phy Gh one —eg ib oe drenses & 3BS0-008 he tos ae _ dro o be no fist et }-— ~ abass_frvny Sele = eee asi a 5 Steak [Tove Week isa chang panglble— Tassek ha Sstock. / Thverc : uafpseeb Sole 0 fo | hip businest few | Sr ee ea | beginnss 5 of a a oer | | Closing Steue * t meanr ctodle th end at phe begin ip ai v C v — Ond oh ac ‘ ie | cb fo leosiiins. ghey pew tuk 66 ans maternal > “Lh meena Stocle af ra rinaboslel pin used far_imantfactiorag Saad, eying lu : ietinleg iver ; Ushthewer 1k Ltien_ we neal'sable value | choke GP. Worle | Pingyess > tk po hock. -aq Expenditure is the amount _ sbext ox Siabul: - Lincusred on ~Puechase_of assets, goods cand services . —— + Expenditune mae —be_calegonised. into 2 (DP _Copital_Expencditbune 2_Any expenditure whig is Ss Incurred in_acquoaing assets -0¥_ improving exist ny-assets ished a _Copitel expend bure ex anbler ane. pexhsse Of_ machine, fuceiture buldinge etc. Such_expendtire ———} ycldt_beme fit _over_a tong period time. Copterl ——-Etpendsbune. ic Show on the assets side. ch the | Galence Sheet _ —— Gl _Revenveexpoatitune > Expenddiene incurred: ch dog te | day. sunning 06 —basiaest_if Called mosvenue Cefsendi ture. ——} Benefit-cob cele such exbendicbune i$ Consumed ey itn |one Year. Examples ane Payiont of vent allenion, cletwich —_f expensec_ebc. = —_Such_eapen dtune ic Shown _erthern in Traders Ae Lox th Pape s Loss Alc af a lossinesy | — GID Deferred Revenue Expendetire 5 such enpenditire thich_ane sree nue _(h__natane but the benefit of | Usb extends fav inuce than One ane faved ga" Deferved. Revenue EAbenditure”. For Crampe shape | -Advensti'strend _eajoendtoune te inctradeve nen pradich | wall give benefit for macethss one _yeay | Such expenditure. ae. voiller fGen ance than one Accounting. Gears | 30) Receipts 2 is the amount necoied f necwivakle foo )of assets gords_ox seeviter.Receptr ans by pes (Capital Receips (D Revenve sollin sfDelune — —f| Revenue Re PAgAmH Sale _o }ColerSe oy. Ly ~ by cbavestiong 10d aYots i chs amount mecoived 22060} Val f- am and Services inthe ordi eng. EROS. EG eso includes. Mrarney Ico i vee, SI besiesy ne gounces + EL kermpb sano >| Sex ~~ Money meeoiind a St_SelevF gands | Se ste, CD dasterest and divided _necaive)_on__ invest: font p Revere mecaips ane reubine Gnd oupcleber i Recacfts Inckeases fy tab dete Exembles Gro : CD Arount necas 4 fore fl of bye. astete LO nae atdig eke Cc nes oie bay of tog | +f rots ane ieel_by 9 — na thase_mecaifte cern: th euthen ~~ —aredvces assets ab. bdsi'ne sg, Ca pent swith shou» cll sans 6 oy ! ts. shy aie Distinguish bles Exons. and expend: bars, Anil tubecse cost i F 4 selina — a {of —< eds aad Sewtgn te me am | Expenditune. 6 a a4; Rol :