SOME COMPUTER STUFF ON C,JAVA,TALLY,BCA,SOLVED PAPERS

TRIAL BALANCE  TRIAL BALANCE IS A STATEMENT IN WHICH ALL THE BALANCES OF DIFFERENT ACCOUNTS ARE SHOWN . SOME OF THE BALANCES COULD BE OF DEBIT SIDE WHEREAS OTHER'S MIGHT BE OF CREDIT SIDE . SINCE OUR ACCOUNTING IS BASED ON DOUBLE ENTRY SYSTEM . THEREFORE THE TOTAL OF DEBIT BALANCES MUST BE EQUAL TO THE TOTAL OF CREDIT BALANCES.  (ASSETS/EXPENSES/LOSSES              ARE WRITTEN ON DEBIT SIDE) (LIABILITIES/PROFITS/INCOMES      ARE WRITTEN ON CREDIT SIDE) BANK LOAN (LIABILITY) INVESTMENT (ASSETS) INTEREST ON  BANK LOAN (EXPENSE) DEBTORS (ASSETS) CREDITORS (LIABILITY) INTEREST ON INVESTMENT (INCOME) B/R (ASSETS) B/P(LIABILITY) BUILDING(ASSET) PLANT AND MACHINERY (ASSETS) CASH (ASSETS) BANK OVERDRAFT (LIABILITY) INTEREST ON BANK OVERDRAFT (EXPENSE) PURCHASES (EXPENSE)I PURCHASE RETURN(GAINS) SALES (INCOME) SALES RETURN (EXPENSE) CARRIAGE (EXPENSE) FREIGHT (EXPENSE) WAGES (EXPENSE) ...

CLASSIFICATION OF ASSETS ON THE BASIS OF CONVERTIBILITY TO CASH  FIXED ASSETS: THE ASSETS WHICH ARE PURCHASED OR ACQUIRED FOR LONG TERM USES. EX: BUILDING,PLANT,MACHINERY,FURNITURE ETC. CURRENT ASSETS; THE ASSETS WHICH ARE ALREADY IN THE FORM OF CASH OR WHICH CAN BE CONVERTED INTO CASH WITHIN A YEAR. EX: CASH,DEBTORS,BANK BALANCE,CLOSING STOCK ETC.. ON THE BASIS OF PHYSICAL EXISTENCE TANGIBLE : EX: BUILDING,PLANT,MACHINERY,CASH INTANGIBLE: EX: GOODWILL,PATENT,COPYRIGHT

ACCOUNTING It is an art of recording,classifying and summarising the financial natured transactions and events in such a way. So as to get the meaningful information in future. VARIOUS TERMS COMMONLY USED IN ACCOUNTING  CAPITAL: It refers to the amount invested by the proprietor into the business DRAWINGS :  Amount kept by the proprietor for the personal purpose or any amount withdrawn by the proprietor from the business for personal use  GOODS : The commodity in which we deal on regular basis. The types are : Purchase A/c Sales A/c Purchase return A/c Sales return A/c

Goods v/s Assets Goods-The commodity in which we deal on regular basis . Assets -The commodity what we purchase for long term uses  Assets  Any person ,organization,commodity,article or any   factor which brings utility over the years and increases the profitability is termed as asset Example : building,plant and machinery,furniture,cash,debtors etc. Expenditure  EXPENDITURE IS THE OUTFLOW OF CASH  TYPES: REVENUE NATURED EXPENDITURE(EXPENSE) regular basis short term utility eg: purchase of raw material,salary,rent     2.   CAPITAL  NATURED EXPENDITURE(ASSETS) once/sometimes long term utility eg: purchase of building,plant &machinery,furniture