Basic Accounting Lectures

This is part 3 of the topic “General and Factory Ledger”. To see part 1 click here, and for part 2 click here.

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The topics of Basic Entries and General & Factory Ledger are inter-related. It is assumed that you have learned how to pass Basic Entries. If you haven’t then Click Here and Learn them

This is part 2 of the topic “General and Factory Ledger”. To see part1 click here.

You can download this Tutorial by right clicking on the picture and save target as

This is the Second part of the tutorial on Basie Entries . Click here to See the first part on the Basic Entries.

All most all of the entries follow the rules of Debit & Credit . For example the first entry is about the purchasing of material. When we would purchase a material, material will increase. As material is an asset, and increase in asset is Debit, So we will debit the material. At the same time [...]