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Introduction to Computerized AccountingFaizan Ahmed facebook.com/ pakifa

What is AccountingAccounting is a tool or a language use for recording your business transaction

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Accounting Process

Collection of Transaction

Record in JournalPreparation of Balance SheetPreparation of Trail BalancePost to LedgerFaizan Ahmed facebook.com/ pakifa

Cash invest in business 10000Purchase 15000Purchase on account 20000Sales 55000Pay to vendorEntryFaizan Ahmed facebook.com/ pakifa

General JournalS.NoParticularDebitCredit1CashRs10,000 CapitalRs10,000 To record cash invest in business 2PurchaseRs15,000 CashRs15,000 To record purchase on cash3PurchaseRs20,000 Account PayableRs20,000 To record purchase on account4CashRs55,000 SalesRs55,000 to record sales on cash5Account PayableRs20,000 CashRs20,000 To record pay cash Rs120,000 Rs120,000

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Cash Rs 10,000.00 Rs 15,000.00 Rs15,000 Rs0 Rs 25,000.00 Rs15,000 Rs25,000 Rs25,000 Rs10,000

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CashCapital Rs 10,000.00 Rs10,000 Rs 15,000.00 Rs15,000 Rs0 Rs 25,000.00 Rs15,000 Rs10,000 Rs10,000 Rs0 Rs10,000 0Rs25,000 Rs25,000 Rs10,000 Rs10,000 Rs10,000 10000PurchaseAccount Payable Rs 15,000.00 Rs 20,000.00 00

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S.NoTrial BalanceDebitCredit1CashRs10,000 2Capital100003Purchase4Account PayableRs10,000 Rs10,000

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ComputerizedComputeerFaizan Ahmed facebook.com/ pakifa

ComputeDetermine an amount or numberFaizan Ahmed facebook.com/ pakifa

erEr means Doer

What is Computerized AccountingFaizan Ahmed facebook.com/ pakifa