Complete Accounting & Bookkeeping: Master Accountancy 2025

This introduction to accounting lesson explains through an example of two neighbors why it is essential to maintain accounting records. 

You will also understand; 1. What is the difference between book keeping and accounting 2. Why should you learn accounting 3. Some of its uses and application

Learn accounting in easiest way. 

This will help you to understand different common terms used in accounting like capital,proprietor,fixed assets, goods, purchases, sales, creditor, debtor and the differences between them.

This session will help you to understand,

What is the need for GAAP and what exactly is GAAP?

Also, Simple examples to explain need and meaning of 

-Entity concept and 

-Going Concern Concept

In this session, we have used Simple examples to explain, 

-The need and meaning of;

• Money Measurement Concept and 

• Cost Concept

In this session we focus on what do we understand from the revenue recognition concept and the objective evidence concept in accounting? and How is it applied?

We will see why do we need to follow the dual aspect concept in accounting and what is the difference between single entry system and double entry system.

This session will help you understand  the Accounting Period Concept or the Periodicity Concept in Accounting Principles, the difference between the calendar year & Financial Year.To add relevance, reliability and comparability throughout the behavior of all accountants globally, accountants follow these accounting concepts in all their activities, thus we have given a revision exercise at the end on all of the accounting principles.

This session will help you understand  the Accounting Period Concept or the Periodicity Concept in Accounting Principles, the difference between the calendar year & Financial Year.To add relevance, reliability and comparability throughout the behavior of all accountants globally, accountants follow these accounting concepts in all their activities, thus we have given a revision exercise at the end on all of the accounting principles.

In this video we will see what is the difference between accounting principles and accounting conventions. The 4 conventions Materiality, consistency, conservatism and full disclosure are explained with examples

For a better grip on your concepts and a bit of revision, we have 

this fun and interesting exercises.

So, answer before the timer ticks off! Have fun!

For a better grip on your concepts and a bit of revision, we have

this fun and interesting exercises.

So, answer before the timer ticks off! Have fun!

This video explains the understanding of an account & what is the need to classify them. Also you will know how accounts are classified / Organized into three broad categories Real, Nominal and Personal Accounts.

Here's a fun and interesting quiz for you based on classification of accounts! We hope you enjoy it.

This video explains the basic Debit & Credit concepts & the 3 golden rules of accounting based for Real, Nominal and Personal Accounts.

This video gives you a broad idea of how the entire process is followed right from collecting the source documents till preparing the financial statement. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements. Broadly, entire accounting cycle is completed in three easy stages :- 

1st is collecting data then 

2nd is recording & transferring in various books & 

the last is finalizing them. 

This process is generally followed by every organization, which helps them in making important decisions efficiently.

This is a fun quiz based on the whole accounting cycle. Answer before the timer ticks off! Have fun!

In this video the general format of basic source documents like 

- Purchase invoice and purchase order - Cash and credit memo- debit and credit note and the difference between the two - Receipt and vouchers  are explained along with the reason why and when each document is used.

This explains the differences between Bearer, Order, Crossed, A/c payee cheques & some other frequently used bank documents like Deposit and Withdrawal Slips, Bank advice note and bank statement.

Journal is a record that keeps accounting transactions in chronological order, i.e. as they occur.  This tutorial will help you understand:
1.How to prepare journal
2.What are its features
3. How to record different business transactions in it
Basic entries like cash and credit sales, purchases, capital, expenses paid are covered.
To learn journal you have to have a strong understanding of 
Debit and credit and golden rules of accounts
Classification of accounts

This is continued session of How to pass journal entry.

This video tutorial focuses on important journal entries which are frequently asked in examinations like

1. Trade discount & Cash Discount  2. Goods distributed as free samples  3. Insolvency  4. Bad debts/Losses  5. Dishonor of Cheque.  It covers all the entries with reasons as to why to debit or credit the accounts for these basic transactions. This video is a great way for beginners to gain accounting knowledge.  To learn journal you have to have a strong understanding of  Debit and credit and golden rules of accounts Classification of accounts.

This fun quiz will help you revise and test your knowledge on basic accounting entries(journal entries). Answer before the clock ticks off! Enjoy!

This session Covers; 

-Meaning, Need and types of subsidiary books.

-Comparison between journal to ledger and subsidiary to ledger.

Here we will learn What is Cash Book , Its Importance & Types :

1) Single Column / Simple Cash Book 2) Double Column Cash Book

This video explains what is petty cash book & its need, what are the types of petty cash book & how to record transactions in petty cash book.

This video explains the importance of journal and how to record different business transactions in it.

Broadly Covers need for ledger, format, posting of transactions in ledger & balancing ledger accounts.

Check out our video on Bank Reconciliation statement which covers why and how we prepare BRS statement by comparing Bank book/ cash book to pass book / bank statement.

Take part in this test on Bank Reconciliation Statement. It will make your understanding on the topic even stronger and the Tips given to answer these questions will help you to quickly analyze and solve many questions on BRS.

Take part in this test on Bank Reconciliation Statement. It will make your understanding on the topic even stronger and the Tips given to answer these questions will help you to quickly analyze and solve many questions on BRS.

Take part in this test on Bank Reconciliation Statement. It will make your understanding on the topic even stronger and the Tips given to answer these questions will help you to quickly analyze and solve many questions on BRS.

This Video explains the need & Importance of preparing Trial Balance & Posting ledger balances in Trial Balance.

Many times we make mistakes unknowingly in our accounting books, so in this session we will learn how to rectify them such that our statements show a true & fair view.

Take part in this fun and exciting quiz on the chapter Errors and Rectification. Test yourself and see how many you get right.

This video explains,

-Need & Concept of depreciation in Accounting, 

-How to calculate depreciation & 

-How it is recorded.

Answer these questions on depreciation before the timer ticks off and test your understanding on the subject. Have fun!

Through this session you will understand,

-Why provisions and reserves are made and  

-What is the difference between the two. 

Also we will see the different types of reserves.

In this session, we will learn through different practical situations the meaning, the entries and adjustments related to bad debts.

This session will give us a broad understanding of the importance of closing stock.

We will go through the following points :

1. Meaning & Introduction  

2. Stock Ledger  

3. FIFO Method / Weighted Average Method 

4. Recording Closing Stock

Learn Different types of adjustments, Such as :

1) Prepaid Expenses 

2) Outstanding Expenses

3) Accrued Incomes 

4) Advance Income

5) Difference between the terms 'due for payment' and 'accrued'