Shivam classes
Hello everyone I'm Shivam Verma IIM research scholar and this channel is only for students who are looking for simple explanation of a complex topics this channel is specially dedicated to class XI & XII commerce and graduates like BBA , B.COM , MBA and UGC NET (Management and commerce) students. We give you a trick to solve every question.
Shivam classes
📢 3 GOLDEN RULES OF ACCOUNTANCY!🚀📊
Hey Class 12 students! Struggling with journal entries? Don’t worry! Here’s the magic formula to master accounting effortlessly! ✨
🔥 1. Personal Account: 💰
➡️ Debit the Receiver 🤝
➡️ Credit the Giver 🎁
(Example: If you give cash to a friend, your cash account goes down (credit), and their account goes up (debit)!)
🔥 2. Real Account: 🏦
➡️ Debit What Comes In 📥
➡️ Credit What Goes Out 📤
(Example: Bought furniture? Furniture (asset) comes in, so you debit it! Paid cash? Cash goes out, so you credit it!)
🔥 3. Nominal Account: 💸
➡️ Debit All Expenses & Losses 😢
➡️ Credit All Incomes & Gains 🎉
(Example: Earned commission? Income = Credit! Paid rent? Expense = Debit!)
📌 Master these rules, and accounting will feel like a breeze! 😎📚
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🎥 Watch Now: [How to do #journal_entry of any account | class12 #partnership #education #journal #cbseboard
https://youtu.be/92L7Z-t3XkI]
#Class12Accounts #GoldenRulesOfAccounting #BoardExamTips #StudySmart
11 months ago | [YT] | 0
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Shivam classes
Which Topic You found Difficult in Class 12 Accounts?
3 years ago | [YT] | 1
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