Journal Entries | Rules of Debit and Credit | Golden Rules of Accounts | Class 11 Account

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𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐅𝐮𝐧𝐝𝐚 𝐀𝐩𝐩 𝐚𝐭 𝐏𝐥𝐚𝐲𝐬𝐭𝐨𝐫𝐞
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𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐅𝐮𝐧𝐝𝐚 𝐀𝐩𝐩 𝐟𝐨𝐫 𝐢𝐨𝐬 Apple (𝐔𝐬𝐞 𝐨𝐫𝐠𝐚𝐧𝐢𝐬𝐚𝐭𝐢𝐨𝐧 𝐂𝐨𝐝𝐞 𝐅𝐔𝐍𝐃𝐀)
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Time Line Topic Wise
0:26 Type of Accounts
0:47 What is Real Account
3:49 Real Account Golden Rules of Accounts
6:32 What is Personal Account
10:39 Personal Account Golden Rules of Accounts
17:42 What is Nominal Account
19:53 Nominal Account Golden Rules of Accounts

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𝐂𝐥𝐚𝐬𝐬 𝟏𝟏 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭 👇

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𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐅𝐮𝐧𝐝𝐚 𝐀𝐩𝐩 𝐚𝐭 𝐏𝐥𝐚𝐲𝐬𝐭𝐨𝐫𝐞
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*𝐒𝐡𝐚𝐫𝐞, 𝐒𝐮𝐩𝐩𝐨𝐫𝐭, 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞!!!* 👇

𝐅𝐮𝐥𝐥 𝐂𝐨𝐮𝐫𝐬𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞

Real Account
• Represent the Assets and Properties Accounts:
• Classified into
1. Tangible Accounts: Land, Building, Machinery, Cash, Furniture,
2 Intangible Accounts: Goodwill, Patents, Trademark
• Generally, have a Debit balance only
• Golden Rules of Accounting for Real Account
- Debit: What’s comes in
-Credit: what’s goes out
• Example: Furniture Purchased for Cash Rs 5,000

Furniture Dr ( Coming in) 5,000
To Cash ( Going Out) 5,000

Personal Account:
• It Represent the person or Business (Firms, Proprietorship Firm, Company etc)
• Can be classified into three
1. Natural Person: Vaibhav, Neha
2. Artificial Person: Reliance Industries, Wipro Ltd , HDFC Bank
3. Representative Company: Outstanding Expense , Outstanding Salary , Prepaid Rent
• They can have Debit or Credit balance
• Golden Rules of Accounting for Personal Account
-Debit the Receiver
-Credit the Giver
• Example: Cash Given to Neha Rs3,000

• Neha Account Dr (Receiver of Cash) 3,000
To Cash (Going Out) 3,000

Nominal accounts
• Related to Income / Gain and Expense /Losses Account
• All kind of Income and All kind of Expense are classified as Nominal Account
• At the end of year, they are transferred to the Trading Account or Profit and Loss Account
• Golden Rules of Accounting for Real Account
-Debit: All Expense and Losses
-Credit: All Income and Gain
• Example: Salary Rs 12,000 Paid

Salary A/c Dr ( Expense ) 12,000
To Cash ( Going Out) 12,000

[AccountsFunda]

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[smartboyajay]

Kya admi h yr 1℅ v bore ni hone dia😅 puri vdeo watch krdi mne😂😂

[rukhaiyyamirza]

AAP jaise sir sab college me ho student ki life bun jayegi sir....salute u, 🙏

[Saniyaparveen]

Sir Kitna easily samjhay hai ... Thank you sir ji ❤❤

[Praveen_Korat]

Thank You So Much Sir❤ You're a real teacher on YouTube!💯

[puneetdwivedi]

the best thing about him, he enjoys his teaching, the way he enjoy the teaching and try to impart his knowlege as much as he can .great

[shalinichimkar]

Bohot hi simple language me samzhaya sir🎉🎉

[MohitSingh-zwht]

Great video all the concepts are clear about journal entry

[_devil_sayz]

No words sir amazing explanation actually I'm a science student but I'm pursuing Bcom....so, I face difficulties in accounting thank you so much sir ! For explaining this!💖🙏

[khawarali]

Great sir
I was unable to understand these Q😢
But now i happy that i understand it😊

[keeruchadda]

Amazing .. explanations .. no one can beat u

[ranikhatoon]

Bahot bahot sukriya sir aap bahut achha padhte ho

[pcscogw]

Huge huge thanks for good explanations sir ...thank you very much

[shwetakumari]

Sir your explanation is damn good . I'm in bba 1 year but i still watches ur vdos to clear my doubts.❤

[sagarsb]

Kbhi kbhi vivek bindra bich me aa jate hai 😂

[xiztfmk]

Thank u so much sir for very clear explanation 😊

[SAVANTDUBEY]

The best teacher I ever seen. Thank you so much for explaining this rules to us. 😇

[kirtanchande]

It was very helpful pheli baar mera itna clearly accounting samjh ayi hai such a energy never felt boring

[vekglzk]

Wow what a explanation sir mujhe samajh hi nhi aata ta ye rules but apki explanation se sab samajhme aagya thank you sir

[swarajsahoo]

Sir, you deserve 1Cr. Salary on YouTube