B Com Exam > B Com Videos > Accountancy and Financial Management > Principles of Double Entry - Principles of Accounting, Accountancy and Financial management
Principles of Double Entry - Principles of Accounting, Accountancy and Financial management Video Lecture | Accountancy and Financial Management - B Com
|
44 videos|75 docs|18 tests
|
FAQs on Principles of Double Entry - Principles of Accounting, Accountancy and Financial management Video Lecture - Accountancy and Financial Management - B Com
| 1. What are the key principles of double entry accounting? |  |
Ans. The key principles of double entry accounting include the principle of duality, the principle of accounting equation, the principle of debit and credit, the principle of conservation, and the principle of consistency.
| 2. How does the principle of duality apply in double entry accounting? | |
Ans. The principle of duality in double entry accounting states that every transaction has two aspects - a debit and a credit. For every debit entry recorded in an account, there must be an equal and corresponding credit entry in another account.
| 3. What is the significance of the principle of conservation in double entry accounting? | |
Ans. The principle of conservation in double entry accounting ensures that the total debits must always equal the total credits in a set of financial records. This principle helps maintain the accuracy and consistency of financial statements.
| 4. How does the principle of consistency impact double entry accounting? | |
Ans. The principle of consistency in double entry accounting requires that accounting practices and methods should be applied consistently over time. This ensures that financial statements are comparable and reliable for decision-making purposes.
| 5. How does the principle of debit and credit guide the recording of transactions in double entry accounting? | |
Ans. The principle of debit and credit in double entry accounting determines which accounts are debited and credited for each transaction. Debits increase assets and expenses, while credits increase liabilities, equity, and revenues.
Related Exams
About this Video
|
10.9K Views |
|
4.97/5 Rating |
|
Dec 23, 2024 Last updated |
Video Description: Principles of Double Entry - Principles of Accounting, Accountancy and Financial management for B Com 2024 is part of Accountancy and Financial Management preparation.
The notes and questions for Principles of Double Entry - Principles of Accounting, Accountancy and Financial management have been prepared according to the B Com exam syllabus.
Information about Principles of Double Entry - Principles of Accounting, Accountancy and Financial management covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Principles of Double Entry - Principles of Accounting, Accountancy and Financial management.
Introduction of Principles of Double Entry - Principles of Accounting, Accountancy and Financial management in English is available as part of our Accountancy and Financial Management for B Com & Principles of Double Entry - Principles of Accounting, Accountancy and Financial management in
Hindi for Accountancy and Financial Management course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Principles of Double Entry - Principles of Accounting, Accountancy and Financial management Video Lecture | Accountancy and Financial Management - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Accountancy and Financial Management.
Information about Principles of Double Entry - Principles of Accounting, Accountancy and Financial management
Here you can find the meaning of Principles of Double Entry - Principles of Accounting, Accountancy and Financial management defined & explained in the simplest way possible.
Besides explaining types of Principles of Double Entry - Principles of Accounting, Accountancy and Financial management theory, EduRev gives you an ample number of questions to practice Principles of Double Entry - Principles of Accounting, Accountancy and Financial management tests,
examples and also practice B Com tests.
|
44 videos|75 docs|18 tests
|
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
MCQs
,Viva Questions
,Previous Year Questions with Solutions
,study material
,Extra Questions
,video lectures
,Accountancy and Financial management Video Lecture | Accountancy and Financial Management - B Com
,Semester Notes
,Summary
,Accountancy and Financial management Video Lecture | Accountancy and Financial Management - B Com
,shortcuts and tricks
,Principles of Double Entry - Principles of Accounting
,Important questions
,Exam
,Free
,mock tests for examination
,Objective type Questions
,practice quizzes
,Principles of Double Entry - Principles of Accounting
,ppt
,Principles of Double Entry - Principles of Accounting
,past year papers
,Accountancy and Financial management Video Lecture | Accountancy and Financial Management - B Com
,Sample Paper
;
Study Principles of Double Entry - Principles of Accounting, Accountancy and Financial management on the App
Students of B Com can study Principles of Double Entry - Principles of Accounting, Accountancy and Financial management alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Principles of Double Entry - Principles of Accounting, Accountancy and Financial management,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Principles of Double Entry - Principles of Accounting, Accountancy and Financial management is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup