Chapter 2: Dual effects of transactions

As and when business transactions take place, two effects emerge from them. In this course we study these effects, and more!

Details

The first step of preparing an account is the creation of a transaction, as well as its identification. When the word transaction is used,
- It has to be a business transaction
- It has to be economic transaction of business
- Economic transaction should have monetary value
- Business transaction can be in cash or in credit from
- Business transaction can be internal or external

In this course:
+ Meaning and classification of business transactions
+ Identification of cash and credit transactions
+ What are vouchers?
+ Dual effects of transactions
+ Types of accounts
+ Rules of debit and credit of accounts
+ Steps of debiting and crediting of accounts (Exercise)

Curriculum

We are pioneers in the field of Modern Teaching for Commerce Students since year 2000. We have multiple Locations in Gujarat and thousands of Students have lived and learned @ U WILL.

204 & 301 Turning Point Complex
Nr. ABS Tower
O.P. Road
Vadodara, Gujarat, India - 390007
Our branch
204 & 301 Turning Point Complex
Nr. ABS Tower
O.P. Road
Vadodara, Gujarat, India - 390001