Recording of Transactions – 3 golden rules of accounting

Welcome to this channel, where you can learn on various Finance concepts which are explained in
lucid manner.

In this video you will learn about recording/ Jouralising of transactions along with reasons behind the
golden rules of accounting.

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Below are the links for earlier episodes of Ind AS 16

Ind 16 Part I – Made easy

https://www.youtube.com/watch?v=9iFIkqlLzEI

Decommissioning, Restoration and similar liabilities https://www.youtube.com/watch?

v=ALV0E0MHOmw

Ind 16 Part II – Made easy - https://www.youtube.com/watch?v=Y1qFMLVLa9E

Ind 16 Part III - Made easy - https://www.youtube.com/watch?v=JhOaADBaGrI&t=10s

Revenue and Capital Expenditure - https://youtu.be/GQAOAonkp3E

Topics covered in this video:

• Big picture of entire Accounting process

• Accounting Equation

• Nature of Accounts

• Golden rules of accounting and Why they designed so

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Thanks,

Shrinidhi