Accounting

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YT: Basic Accounting Terms by Nitin Goel
YT: DU Admission : Accounting: এবার যেভাবে প্রশ্ন হবে | Dhaka University Written Preparation

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YT Playlist

YT: CAIE O level accounting 7707 Paper 2 yearly solutions by Sir Waleed Khanzada / Year : Specimen + 2020-2023

YT: Accounting 101 by cbmba2000

YT: O Level Accounting - English by  Ahmed Raza Dharolia

YT Playlist: IGCSE ACCOUNTING by Crazy Cambridge 

YT Playlist: IGCSE Accounting by Edex World  

QP .....

Past Papers of : CAIE  O Levels | Accounting (7707) | 2022

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 -----Accounting MCQ -----
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01) O Level Accounting (7707) - Topical MCQs P1 Quiz

02) Salient features of Accounting Daddy's :Accounting MCQ Online Practice Platform.

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 ----------Text Links----------
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Learn Accounting for Free : https://www.accountingcoach.com/ 

Perfect for Employees, Bookkeepers, Students,

Accountants, and Small Businesses

Some Notes:

What are the 5 basic accounting?

Although the guidelines for accountants are extensive, there are five main principles that underpin accounting practices and the preparation of financial statements. These are the accrual principle, the matching principle, the historic cost principle, the conservatism principle and the principle of substance over form. 

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What is basic accounting?

Basic accounting refers to the process of recording a company's financial transactions. It involves analyzing, summarizing and reporting these transactions to regulators, oversight agencies and tax collection entities. The financial statements used in basic accounting are a brief summary of financial transactions over an accounting period, summarizing a company's cash flows, operations and financial position. 

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Top 5 differences between Journal and Ledger 

https://byjus.com/commerce/differences-between-journal-and-ledger/ 

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The seller of the products gets a debit note while the buyer of those products gets a credit note. ... Link 

A debit note and credit note are usually issued at the time of goods being returned by customers to sellers or suppliers of the said goods.

 

 

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Why is credit note issued?

Reasons why credit note is issued

On account of sales returned by the buyer due to quality issues, service rejection, or damaged goods receipt. Erroneously collected higher charges from the buyer or buyer paid amount is more than invoiced value.

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What Is a Cash Flow Statement?

A cash flow statement is a financial statement that provides aggregate data regarding all cash inflows that a company receives from its ongoing operations and external investment sources. It also includes all cash outflows that pay for business activities and investments during a given period. 
https://www.investopedia.com/terms/c/cashflowstatement.asp 

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Practice Links:

001) YT: 7707 O LEVEL ACCOUNTS PAPER 22 NOVEMBER 2022 [PART 1] 

         PDF: 7707/22  QP  2022-Nov 

002) YT; 7707 O LEVEL ACCOUNTS PAPER 22 JUNE 2022 [PART 1]  

         PDF: Accounting 7707/21 May/June 2022