Lesson 2: Accounting Principles

Accounting Principles

Caption: Accounting principles refer to the fundamental concepts, assumptions, and guidelines that guide the preparation, presentation, and interpretation of financial statements. They provide a framework for recording, analyzing, and communicating financial information to stakeholders. Key principles include the accrual basis of accounting, conservatism, consistency, and materiality. These principles help ensure the accuracy, reliability, and transparency of financial reporting, which is essential for maintaining trust and confidence in financial markets.

Keywords: accounting principles, fundamental concepts, assumptions, guidelines, financial statements, framework, recording, analyzing, communicating, stakeholders, accrual basis, conservatism, consistency, materiality, accuracy, reliability, transparency, financial reporting, trust, confidence, financial markets.

Consignment Accounting: Part 1

Consignment Accounting: Part 2

Consignment Accounting: Part 3

JOINT VENTURE: PART 1

Types of Accounts and Accounting Process

Accounting Equation Part 1

Accounting Principles

Rules of Debit and Credit

Accounting Equation-Part 2

JOURNAL

Ledger and Trial balance

Final Account Adjustments

Trading A/c, P & L A/c and Balance Sheet

Depreciation Accounting

Difference Between Trial Balance and Balance Sheet: Trial Balance vs Balance Sheet

JOINT VENTURE: PART 2

HOW TO SOLVE FINAL ACCOUNT QUESTIONS FAST

HIRE PURCHASE: PART 1

HIRE PURCHASE: PART 2

BRANCH ACCOUNTING: PART 1

BRANCH ACCOUNTING: PART 2

BRANCH ACCOUNTING: PART 3

INVENTORY VALUATION

Funds Flow Statement Part 1

Funds Flow Statement Part 2 Adjustments

Garner Vs Murray Rule: Insolvency of Partner(s)

Insolvency of All the Partners

FINANCIAL ACCOUNTING SYLLABUS OVERVIEW B.COM | B.COM (Hns)

Periodic Vs Perpetual System of Inventory

Bills of Exchange Part 1

Bills of Exchange Part 2

Accounting Notes and MCQs

Financial Accounting Syllabus B.Com Hns

Income Tax live class Series 1

B.Com 1st Semester Syllabus II B.Com First Year Syllabus DU II B.Com Syllabus

[shubhammalviya]

Sir maja Aa gya pta nhi tha accounting ko itne maje maje samjha sakta h koi...khud se to padke.. bhaut technical or thakau lag rha tha

[fun-trading-with_deb]

Thank you very much sir, really I have never been seen a teacher as you.

[reenamiranda]

Thank you so much sir. Being a student of non accounting background, I never thought that I would study accounts. But after watching your videos I really got interested to study. Your way of teaching is very very good and easy to understand. I request you please upload video regarding the analysis of financial statements, with some examples so that it will be easy to understand.

[aamoshkumar]

Great teaching!
One of the best teacher for commerce stream.
Best explanation skills !👍👍

[gavkiduniya]

Sir hame apke padhane ka tarika bahut accha lagata hai.aisha ho nhi sakta ki apka koi video dekhe aur vo samajh na aaye .thankyou sir

[adyasamal]

Thank you, Sir. I'm not from commerce background, I never thought I will be able to understand the concept so easily. Thank you for teaching excellently.

[jamalqureshi]

Your videos are very intresting,
Ye videos meri buhat madad karrahi hain accounting keliye
Thanks for it ..

[VishalSingh-hedk]

Great job sir
Working experience in accounts more than two years.it realized to me how much lack of information i have.
Thanking you for this contribution.
Almighty bless you with all your wish.💖

[bouksisters]

Best teacher ever Mujhe ajj pehli baar yeh channel dekhne ko milla aur maine iski first video dekhi toh, sir ki iss smjane ke trike ko appriciate kiya and thanks to sir for this and jb maine first video dekhi toh comment kiya and this is my second video and i subscribe this channel. 👨‍🏫

[SubhanAli-pxck]

love from Pakistan; I am from Pakistan but i never ever seen that type of teacher as like you; really you are great.

[Nitinsharma-itzs]

Excellent teaching skills and perfect command on topics .
I have never been a accounting student but i am getting all these points taught by you .
Thanks ..sir

[informativelearning]

Masha Allah sir g ap ki videos ko jab first time dikha to bht thori si the eb bht say students ap ko sun rahay hain..

[faizazafar]

Namaste sir aap bahoot accha teacher ho sukriya apka apne itta accha channel open kiya allah aapko salamat rakhe 😊😊😊 Maira pair fracture h is liya coaching nahi ja sakti lakin aap sachi sab accha Sai samjhate ho thank u much sir or jo unlike diya h lagta h unhe padhaae ki ahmiyat nahi pata 😠

[mudassirbeautytips]

I teach lot of things from these video lectures in lockdown situation thanks 😊 sir
I am from Pakistan

[dillafrozekeya]

Hello Sir, I am from Bangladesh. Am very much grateful to you, whenever I face any difficulty to understand any accounting term I visit your channel, to mujhe koi na koi solution milhe jate hyn! Thank you Sir, thank you so much!

[nancychand]

I'm very happy sir attend ur cls it's very helpful cls nd my all doubt clear thank you so much sir 👍👍👍👍👍👍

[astutichaurasia]

Sir I am from science background and cleared jaiib account paper... In a single attempt.... With the help of your videos only ... Thanks a ton

[srujanahari]

I really appreciate the way you're teaching sir. It's easy to understand even for the students who aren't from accounts background.

[nainagoutam]

Sir aap bohot easy words me topics clear kr dete ho
Aap bohot accha smjaate ho 💚thanku.. Sir

[RxTxN]

Sir love you
Apke jaisa teacher nhi dekha
Business statistics and F A
Aapse hi Sikha hu
Thanks sir