Скачать или смотреть How to Record Journal Entries (Commencement of Business) | Lesson 2 | Falcon Fabian Academy

This video is part of a series where rules for debit and credit and how to record journal entries:
All videos made in this series can be found under "Accounting rules - Traditional Approach - Cambridge" playlist. The videos should be watched in the following order :
#journalentries #accounting #accountingbasics
#igcse #alevel #falconfabianacademy
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Videos for students studying in IGCSE / GCSE / AS and A levels (Cambridge)

Rules for debit and credit (Traditional approach) Lesson 1
   • Rules for Debit and Credit | Accounting Ru...  

How to record journal entries ( of commencement of business) Lesson 2
   • How to Record Journal Entries (Commencemen...  

How to record journal entries ( of Purchase of assets in cash and in credit) Lesson 3
   • How to record journal entries (Purchase of...  

How to record journal entries ( of expenses incurred by business) Lesson 4
Coming soon

How to record journal entries ( of transactions of sales and purchases in cash and on credit ) Lesson 5
Coming Soon

How to record journal entries ( when a business takes bank loan and interest on a bank loan)
Coming Soon

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Videos for students studying in Indian Boards ( CBSE / ISC / State boards):

Rules for debit and credit (Traditional approach) Lesson 1
   • Rules for Debit and Credit | Accounting Ru...  

How to record journal entries ( of commencement of business) Lesson 2
   • How to Record Journal Entries (Commencemen...  

How to record journal entries ( of Purchase of assets in cash and in credit) Lesson 3
Coming soon

How to record journal entries ( of expenses incurred by business) Lesson 4
Coming soon

How to record journal entries ( of transactions of sales and purchases in cash and on credit ) Lesson 5
Coming Soon

How to record journal entries ( when a business takes bank loan and interest on a bank loan)
Coming Soon


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This video explains the rules for journal entries/accounting rules / golden rules for accounting.

The rules explained in the video are based on the traditional approach as per which all accounts are classified under three categories: Real Account, Nominal Account, Personal Account. The video explains Rule for a Real account with examples, Rule for Nominal Account with examples, the rule for Personal Account with example. In further videos of this series, we have covered examples where the rules are applied and explained. We recommend you to watch the series at your own pace and post your doubts in the comment section.

In order to record transactions as per Double entry system of Bookkeeping, it is important that you study the rules for debit and credit. So if you want to learn to record journal entries and ledger entries you should watch this series.

Another series covering Rules for Debit and Credit based on Modern Approach ( also known as American Approach ) coming soon.

Accounting terms is key to learning Accounting subject. This video is created for students studying IGCSE Accounting, AS and A Level Accounting, Grade XI Accounting, Grade XII Accounting, CBSE Accounting, and ICSE, ISC Accounting. It will be beneficial for those who want to learn basics - Accounting for Beginners. We have referred to Accounting for Cambridge International As & A Level / IGCSE Accounting / Indian Accounting textbook. Basics of Accounting.

Accounting rules, Golden rules of accounting, Classification of accounts, How to do Journal Entries, Rules for recording journal entries

Feel Free to post your queries.

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Related Videos :

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What are Trade Receivables (as per CBSE) -
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What are Trade Receivables (IGCSE)
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What are Assets
   • What Are Assets | Accounting Terms | Lesso...  

What are Liabilities
https://www.youtube.com/watch?v=Eis8F...

What is Capital or Equity
   • What is Capital or Equity | Accounting Ter...  

What is Accounting Equation
   • Accounting Equation | Accounting Basics | ...  
Playlist: Accounting Terms: https://www.youtube.com/playlist?list...

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