FINANCIAL ACCOUNTING, Part-3, (ACCOUNTING PROCESS) DU SOL

Financial Accounting (B.Com NEP/UGCF) | Unit 1 (Lesson 3): The Accounting Process & Subsidiary Books | DU Wale Bhaiya In this masterclass, we complete Lesson 3: The Accounting Process under the B.Com / B.Com (Hons.) Semester-I syllabus of Delhi University (DSC-3 / NEP-UGCF). Key Topics Covered: • Evolution of Bookkeeping: Waste Book to Journal and Subsidiary Books • Meaning, Utility, and Classification of Books of Prime Entry • Purchases Book & Sales Book (Trade Discount deductions and ledger posting) • Purchases Return (Debit Note) & Sales Return (Credit Note) mechanics • Bills Receivable, Bills Payable Books, and Journal Proper entries • Cash Book Variations: Single Column, Double Column (Discount), and Triple Column (Bank Overdraft) • Contra Entries ('C') & Cheques handling (Cheques in Hand, Dishonour rules) • Imprest Petty Cash Book & Analytical Columnar Posting • The Ledger: 'To' and 'By' posting rules, balancing accounts, and treatment of nominal accounts • The Trial Balance: Arithmetical accuracy test, errors not disclosed, and Suspense Account • Step-by-step solutions to Delhi University past examination practical case problems Telegram : @btwitxdu Direct Link: https://t.me/btwitxdu Unit 1 is officially complete! Subscribe and stay tuned for Unit 2: Depreciation Accounting and Business Income Measurement. #FinancialAccounting #BCom #DelhiUniversity #DUSOL #AccountingProcess #SubsidiaryBooks #CashBook #TrialBalance #DUWaleBhaiya #NEP2020