Basic Accounting Terms | Accounting Terminology | Letstute Accountancy

Basic Accounting Terms | Accounting Terminology 1
Hello Friends,
This session will help you to understand the basic accounting terminology | basic accounting terms in a very easy language. This session is useful for anyone who wants to understand the basics of accounting. By watching this session you will be able to understand various basic accounting terms like
1) What is a Capital
2)What is a Proprietor
3)What are Fixed assets,
4)What are Goods, Purchases, Sales, Creditor, Debtor, etc.
Time Stamp
0:06 Recap of Previous Session
0:16 Some Basic terminologies of Accountancy.
0:27 Explanation of Capital and Proprietor
0:59 Explanation of Assets, Fixed Assets
1:29 Explanation of Goods
2:19 Explanation of Purchases and Sales
2:29 Explanation of Cash Purchases and Credit Purchases
3:05 Explanation of Creditor and Debtor
3:39 Explanation of Cash Sales and Credit Sales.
4:23 Explanation of Expenses and similarity between Goods, Assets and Expenses.
5:19 Difference between Creditor and Debtor
5:40 Explanation of Transactions
6:10 Further Explanation of Transactions
6:25 Recap of this video.
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