ACT (SK--223): Ans

Financial and Managerial Accounting CSE Day 01 (Fall 22)

Discussion Topic

Ans

◄ Why it is said that same amount in Debit and Credit side in Trial balance does n't ensure the mathematical accuracy of financial transactions?
Why it is said that same amount in Debit and Credit side in Trial balance does n't ensure the mathematical accuracy of financial transactions? ►

A trial balance is one of two closely related things. One is Debit and the other is Credit.

Assets = Debit balance
Liabilities = Credit balance
Expenses = Debit Balance
Equity = Credit balance
Revenue = Credit balance

◄ Why it is said that same amount in Debit and Credit side in Trial balance does n't ensure the mathematical accuracy of financial transactions?
Why it is said that same amount in Debit and Credit side in Trial balance does n't ensure the mathematical accuracy of financial transactions? ►

Welcome to my Course Financial and Managerial Accounting

Text Book

Reference Book

Course outline

Assessment Strategy

Announcements

Announcement

Group Work ( CASE Solution)

Group Work

Topic 1

Slides on elements of Financial statements

Power point slide on chapter 1 :Accounting in action

Video on Introduction to Accounting

Video on Accounting Equation

Video on Basic concepts of Accounting and Transaction Analysis

Discussion tiopic

2.6.20 Chapter 1 : Introductory chapter/Accounting in action

9.6.20 Transaction Analysis

8.6.20 Accounting in action

15.6.20 Transaction analysis

Class Lecture 16.6.20

Class Lecture 22.6.20

Class Lecture 23.6.20

What you have learned from this topic?

What are the questions you have arised from this topic?

Chapter 1 : Discussion topic

Solution of Mathematical Problem Set A : Problem no 2

Solution on mathematical problem 3,4,5

Solution on mathematical problem

Assignment

Quiz 1

Quiz 1 Fall 2022

Topic 2

Power point slides on Conceptual framework of Accounting

Power point slide on Conceptual framework

Video on Conceptual framework

Discussion Topic

Class Lecture 23.6.20

Class lecture : Conceptual framework for midterm

What you have learned from this topic?

What are the questions you have arised from this topic?

Discussion Topic

Accounting

Accounting

Try here for MENTI

Topic 3

Power point slide on Recording process

Video on Recording process

Video on Recording process

Discussion Topic

Class Lecture 2.7.20

Class Lecture 2.7.20

4.7.20 Class of Journal,Ledger &amp; Trial balance

Class materials on journal, ledger &amp; Trial balance

What you have learned from this topic?

What questions you have arised from this topic?

Discussion Topic

Solution on math

Assignment

Assignment

Quiz 2

Topic 4

Power point slides on Adjusting the accounts

Video on Adjusting the accounts

Video on Types of Adjusting entries

Class Lecture 20.7.20

Class Lecture 21.7.20

Class Lecture 27.7.20

Class Lecture 28.7.20

Class Lecture 10.8.20

Class Lecture 11.8.20

Class Lecture 11.8.20

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What are the questions you have arised from this topic?

Discussion topic

Class materials Problem set A &amp; B

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Assignment

Assignment

Midterm Exam

4.7.20 Class of Journal,Ledger & Trial balance

Class materials on journal, ledger & Trial balance

Class materials Problem set A & B