$show=home
Welcome to Svtuition
Free Online School with 5000+ contents as study material which can watch, read and learn anyone, anywhere.
$show=home
Science Classes Basic Sciences Computer Science |
Personal Finance Money Making Investment Finance Data Analysis Corporate Finance Finance Services Public Finance Taxation |
/fa-fire/ Latest Contents$type=three$cate=0$va=0$show=home$c=3$m=0$rm=0$s=0
- 11th Class Maths
- 11th Class Physics
- 5th Class Maths
- 6th Class Science
- Abhiraj Singh
- Accountant
- Accounting
- Accounting Concepts
- Accounting Course
- Accounting Education
- accounting equation
- Accounting Formats
- Accounting Scandals
- Accounting Solutions
- Accounting Videos in English
- Accounting Videos in Hindi
- Administration Skills
- agriculture
- Air
- Algebra
- Amazon
- Answer the Questions and Become Master
- App
- Applied sciences
- Aptitude
- Artificial Intelligence
- Ashok Kumar
- B.Com Maths
- Balance Sheet
- bank
- Banking
- Banking Dictionary
- Become Rich in India
- bengali
- Best Teachers Rewards
- BHIM
- Biology
- Black Money
- Bodybuilding Education
- Bond
- Budget
- Business
- Business Dictionary
- Business Education
- Business Environment
- Business Mathematics
- Business Skills
- Business Solutions
- C++
- CA
- Calculus
- cameras
- Canara Bank
- Canva
- capital
- car
- Car Driving Course
- Care of pet
- Career Solutions
- carpentry
- cartoon
- Cattle Domestication Skill
- Cattle Domestication Skill
- CDSL
- Charity
- chemistry
- circle
- Class 1 English
- class 1 Maths
- Class 10 Maths
- Class 2 Maths
- Class 5 Maths
- Class 6 Maths
- Class 7 Maths
- Class 8 Maths
- Class 9 Maths
- Commerce
- commodity market
- Communication
- Computer
- Computer Basics
- Computer Data Storage
- Computer Dictionary
- Computer Hardware
- Computer Networking
- computer science
- Computer Software
- Computer Solutions
- Construction Skills
- cooking education
- Cooking Skills by Ashwani
- Corporate Accounting
- Corporate Law
- corporate Scandals
- cost
- cost accounting
- Credit Card
- CSE
- css
- Currency
- Current Affairs
- curtain
- Dailymotion
- Debit Card
- DEMAT Account
- depreciation
- determinant
- Domain Name System
- Dr. Mathura Das
- Dr. MD Swatanter
- drawing
- Dreams
- Driving Education
- e-accounting
- Earn from eBooks
- Earn Money
- Earning
- eBooks
- Economics Education
- Education
- Education Solutions
- Electric Cycle
- Electric Scooter
- Electrical engineering
- Electrical Skills
- Electrical Skills by Ashwani Kumar
- Electronics
- Energy (physics)
- Engineering
- English
- Examination
- Failure
- Finance
- Finance Education
- Finance Solutions
- financial
- Financial Accounting
- Financial Service Providers
- FIR
- Focus on Study
- Football
- Forex
- Forex Trading Skills
- Free Maths Tools
- Fundraiser
- Gambling
- Gambling Addiction
- Gardening Skills
- Gas
- Gaupalan
- Geometry
- gold
- Goldsmith
- Google Admin
- Google AdMob
- Google Adsense
- Google Blogger
- Google Meet
- Google Pay
- Google play Console
- Google Play Store
- Gravity
- GST
- Guest Writers
- Gurpreet Singh
- Habits
- HDFC
- HDFC Bank
- Health Education
- Heat
- Help
- Hindi Language
- History
- Home Building
- Home Maintenance amp; Repair
- Home Remedies Course
- HR Management
- HTML
- Income Tax
- Index Number
- India
- India Post Payments Bank
- Indian Festivals
- Indian Language
- Influencer marketing
- Infolinks
- Inspiration
- inspire
- insurance
- intelligence
- Interest
- internal audit
- International Finance
- Internet
- Internet Forum
- Investment
- Irrigation
- Javascript
- Jobs amp; Careers
- Journal
- journal entries
- journal entry
- Kenya
- Knot Skills
- Krantikari(Company)
- Laptop Basics
- Law Education
- Law Solutions
- Learning
- Lecture
- Legal Document
- Legal Education
- Letter Formats
- LIC
- Light
- Limit
- Linear algebra
- Linear Programming
- Loan
- magnet
- Malaysia
- Management Accounting
- Management Education
- Management Solutions
- Manish Khurana
- Marketing Education
- Mathematics Education
- Maths
- Maths by Ashwani Kumar
- matrices
- MCAT
- Mechanical Skills
- Medical and Surgery Education
- Memories
- Mobile
- Mobile Software
- motivation
- Motorcycle Mechanic Skills
- MS Excel
- Music Skills
- Mutual Funds
- Nepal
- Nepali Language
- Net Banking
- Network addressing
- Nigeria
- Nishant Arya
- Om Parkash
- Online
- Online Teachers Support
- organisation
- Other
- Pakistan
- Payment Service Providers
- Payoneer
- paypal
- paytm
- PayU
- PERSONAL DEVELOPMENT
- Personal Finance
- Philippines
- Photography
- Photoshop Software
- PHP
- physics
- Picture
- Plumbing Education
- PNB
- Political Science
- Polynomial
- positive thinking
- Post Office
- Probability
- Prof. Ashwani Kumar
- Profiles
- Profit
- Programming Language
- Property Dealing Skills by Surinder Singh
- provision
- Publishing
- Punjabi Language
- Quiz
- Railway Exam
- Railway Technical Exam
- Rajesh Kumar
- RBI
- real estate
- Reasoning
- rectification
- rectification of errors
- Relationships amp; Family
- Religious Studies
- Result
- Sahas
- Sales Tips
- Sanskrit
- Saudi Arabia
- Saving
- SBI
- School Accounting
- science
- Science Education
- Science Quize
- Science Tests
- Secrets of Failure
- Security
- Self Identity
- Self-Learning
- Share Market
- Share Market Dictionary
- Shiv Kumar Shabdra
- Silversmith
- Singing Skills
- Singing Skills by Surinder Singh
- Skating
- Slideshow
- Social Media
- social science
- Solution
- Sound
- Space Science
- Special Days
- Spiritual Education
- Sports
- Start Own Business
- Statistics
- Statistics Education
- stock
- Stock Market
- Stories
- Story
- Students
- Success
- Surinder Singh
- svtuition
- Tablet Education
- Tailoring Skills
- Tally
- Tally Solutions
- Tally.ERP 9
- TallyPrime
- Tara Chand
- tax
- Tax Solutions
- teaching
- Teaching by Chanakya
- Teaching Education
- Teaching Skills
- Teaching Stories
- Tech by Ashwani
- Tech Simplify
- technical education
- Telecommunication
- Test
- Testimonials
- Time Management
- Time series
- Travel
- Trigonometry
- tuition
- TV Shows
- UK
- USA
- variance analysis
- VAT
- vector
- Video
- Video Creation Skills
- Video Editing
- Video on Demand
- VideoPad Video Editor
- videos
- Vocational Education
- Volume
- Water
- Wealth
- Weather
- Web design
- Web Hosting
- Web Software
- website
- Website earning
- Welding Skills
- Wife
- Wifi
- Window Movie Maker
- Wordpress
- working capital
- Writing
- written Communication
- Yono App
- Yono Cash
- You can Become Rich Also
- Youth
- youtube
- YouTube Studio skills
- YouTube Tutorials
- zigopay
$show=home
"Thank you sir you did a good job for students through Svtuition. I have learn many things"
"First time I have so happy to find Svtuition I spent a lot of time searching for my problem now I have finally understood the concept at Svtuition"
"All doubts clear sir.Svtuition is a very good teacher.thanks"
"Sir I am learning through your website and I am really grateful to you for taking out your time to teach us in Svtuition."
"Svtuition is very usefull to me ....today i have learn great things at Svtuition....very usefull tips provide for me.....today i have to start my own learning experience through this website.......Thanks bro....God Bless U. "
"Nice👌 and informative Site, Keep doing the good work "
/fa-fire/ Science$type=three$cate=0$va=0$show=home$c=6$m=0$rm=0$s=0
$show=home
Learn Financial Freedom Step by Step
Accounting rule "what is the accounting rule for "" bought refrigerator for personal use $ 400?
I know refrigerator comes and cash goes out, but what is the effect of this transaction on the Asset=liability+capital side? thank you for your time?
and if you can please give me some more examples with other kind of transactions on the equation. please not that i'm not confused with what to debit or what to credit, rather i get confused when i try to balance a transaction on accounting equation.. thank you for all"
Mohamed sadik from UAE
Mohamed Sadik! there is big relationship between accounting rule and accounting equation. There are 6 accounting rules which apply on three accounts. Personal accounts rules apply on the real and artificial persons. Real accounts' accounting rules apply on tangible and intangible assets. Nominal accounts' accounting rules apply expenses and incomes. For learning accounting rules, it is good, you should learn accounting equation. In accounting equation, you will see one of basic formula which you have mentioned Total assets = External liabilities + capital. If you want to balance the accounting equation, you should keep following things in your mind.
a) If any asset will buy, total asset side will increase with that asset and cash will decrease or creditor of that asset will increase in liability side. But it should be for office use. If it will be for personal use as you mentioned in your example. This will decrease the capital and this will decrease cash. There will not any effect on the quantity or price of office refrigerator. So, our accounting equation will easily be balanced by doing this.
b) All the expenses will decrease the value of our capital. It will decrease our cash or bank balance if we have paid expenses with our cash or bank money. If we did not pay the expenses, it will increase our current liability.
c) All the incomes will increase the value of our capital. It will also increase our cash or bank balance if we have received incomes in cash or through cheque. If we have to receive our income, it will increase the debtor amount. Debtors are also our assets.
d) All personal account may be asset account or liability account. Suppose, when you will buy office refrigerator of $ 400 on credit from Rahim, Rahim account will open. By balancing accounting equation. We will increase the asset with the value of refrigerator of $ 400. We will also increase our liability of $ 400 which is payable to Rahim.
📘 Master Tally with Ease!
📘 Unlock your accounting potential with "Tally Made Easy."
Shop directly from our online store and message us on WhatsApp for orders!
👉 Visit Now:
Also available on: - Google Play Store - Amazon
$type=blogging$show=https://www.svtuition.com/p/ashwani-kumar.html$c=100$a=hide$s=hide$comment=hide
$type=blogging$show=https://www.svtuition.com/p/chanakya.html$c=10$a=hide$s=hide$comment=hide
$type=blogging$show=https://www.svtuition.com/p/ashwani.html$c=100$a=hide$s=hide$comment=hide$label
$type=blogging$show=https://www.svtuition.com/p/ashwani.html$c=40$a=hide$s=hide$comment=hide
$type=blogging$show=https://www.svtuition.com/p/ashwani.html$c=100$a=hide$s=hide$comment=hide$label
$type=blogging$show=https://www.svtuition.com/p/ashwani.html$c=40$a=hide$s=hide$comment=hide
$type=blogging$show=https://www.svtuition.com/p/rajesh-kumar-teacher.html$c=40$a=hide$s=hide$comme
$type=blogging$show=https://www.svtuition.com/p/ashwani.html$c=100$a=hide$s=hide$comment=hide$label
$type=blogging$show=https://www.svtuition.com/p/om-parkash.html$c=20$a=hide$s=hide$comment=hide
$type=blogging$show=https://www.svtuition.com/p/surinder-singh.html$c=20$a=hide$s=hide$comment=hide
$type=blogging$show=https://www.svtuition.com/p/surinder-singh.html$c=20$a=hide$s=hide$comment=hide
$type=blogging$show=https://www.svtuition.com/p/surinder-singh.html$c=20$a=hide$s=hide$comment=hide
$type=blogging$show=https://www.svtuition.com/p/abhiraj-singh.html$c=20$a=hide$s=hide$comment=hide
$type=blogging$show=https://www.svtuition.com/p/nishant-arya.html$c=20$a=hide$s=hide$comment=hide
$type=blogging$show=https://www.svtuition.com/p/manish.html$c=20$author=hide$comment=hide
Tara Chand's Contents $type=blogging$show=http://www.svtuition.com/p/tara-chand.html$c=20
Ashok Kumar's Contents$type=blogging$show=https://www.svtuition.com/p/ashok-kumar.html$hide=author
$hide=home
Must-Have eBooks
Journal Entries Ebook
Master the basics of journal entries with this comprehensive guide for beginners and professionals.
Read MoreBanking MADE Easy
Understand the fundamentals of banking with this detailed ebook, perfect for anyone preparing for banking exams.
Learn MoreBudget MADE Easy
Simplify budgeting with easy-to-follow methods that will help you manage your finances effortlessly.
Check it OutFeatured Content$hide=home
/fa-fire/ Latest Contents$type=one$m=0$cate=0$sn=0$rm=0$c=5$va=0$hide=home
- 11th Class Maths
- 11th Class Physics
- 5th Class Maths
- 6th Class Science
- Abhiraj Singh
- Accountant
- Accounting
- Accounting Concepts
- Accounting Course
- Accounting Education
- accounting equation
- Accounting Formats
- Accounting Scandals
- Accounting Solutions
- Accounting Videos in English
- Accounting Videos in Hindi
- Administration Skills
- agriculture
- Air
- Algebra
- Amazon
- Answer the Questions and Become Master
- App
- Applied sciences
- Aptitude
- Artificial Intelligence
- Ashok Kumar
- B.Com Maths
- Balance Sheet
- bank
- Banking
- Banking Dictionary
- Become Rich in India
- bengali
- Best Teachers Rewards
- BHIM
- Biology
- Black Money
- Bodybuilding Education
- Bond
- Budget
- Business
- Business Dictionary
- Business Education
- Business Environment
- Business Mathematics
- Business Skills
- Business Solutions
- C++
- CA
- Calculus
- cameras
- Canara Bank
- Canva
- capital
- car
- Car Driving Course
- Care of pet
- Career Solutions
- carpentry
- cartoon
- Cattle Domestication Skill
- Cattle Domestication Skill
- CDSL
- Charity
- chemistry
- circle
- Class 1 English
- class 1 Maths
- Class 10 Maths
- Class 2 Maths
- Class 5 Maths
- Class 6 Maths
- Class 7 Maths
- Class 8 Maths
- Class 9 Maths
- Commerce
- commodity market
- Communication
- Computer
- Computer Basics
- Computer Data Storage
- Computer Dictionary
- Computer Hardware
- Computer Networking
- computer science
- Computer Software
- Computer Solutions
- Construction Skills
- cooking education
- Cooking Skills by Ashwani
- Corporate Accounting
- Corporate Law
- corporate Scandals
- cost
- cost accounting
- Credit Card
- CSE
- css
- Currency
- Current Affairs
- curtain
- Dailymotion
- Debit Card
- DEMAT Account
- depreciation
- determinant
- Domain Name System
- Dr. Mathura Das
- Dr. MD Swatanter
- drawing
- Dreams
- Driving Education
- e-accounting
- Earn from eBooks
- Earn Money
- Earning
- eBooks
- Economics Education
- Education
- Education Solutions
- Electric Cycle
- Electric Scooter
- Electrical engineering
- Electrical Skills
- Electrical Skills by Ashwani Kumar
- Electronics
- Energy (physics)
- Engineering
- English
- Examination
- Failure
- Finance
- Finance Education
- Finance Solutions
- financial
- Financial Accounting
- Financial Service Providers
- FIR
- Focus on Study
- Football
- Forex
- Forex Trading Skills
- Free Maths Tools
- Fundraiser
- Gambling
- Gambling Addiction
- Gardening Skills
- Gas
- Gaupalan
- Geometry
- gold
- Goldsmith
- Google Admin
- Google AdMob
- Google Adsense
- Google Blogger
- Google Meet
- Google Pay
- Google play Console
- Google Play Store
- Gravity
- GST
- Guest Writers
- Gurpreet Singh
- Habits
- HDFC
- HDFC Bank
- Health Education
- Heat
- Help
- Hindi Language
- History
- Home Building
- Home Maintenance amp; Repair
- Home Remedies Course
- HR Management
- HTML
- Income Tax
- Index Number
- India
- India Post Payments Bank
- Indian Festivals
- Indian Language
- Influencer marketing
- Infolinks
- Inspiration
- inspire
- insurance
- intelligence
- Interest
- internal audit
- International Finance
- Internet
- Internet Forum
- Investment
- Irrigation
- Javascript
- Jobs amp; Careers
- Journal
- journal entries
- journal entry
- Kenya
- Knot Skills
- Krantikari(Company)
- Laptop Basics
- Law Education
- Law Solutions
- Learning
- Lecture
- Legal Document
- Legal Education
- Letter Formats
- LIC
- Light
- Limit
- Linear algebra
- Linear Programming
- Loan
- magnet
- Malaysia
- Management Accounting
- Management Education
- Management Solutions
- Manish Khurana
- Marketing Education
- Mathematics Education
- Maths
- Maths by Ashwani Kumar
- matrices
- MCAT
- Mechanical Skills
- Medical and Surgery Education
- Memories
- Mobile
- Mobile Software
- motivation
- Motorcycle Mechanic Skills
- MS Excel
- Music Skills
- Mutual Funds
- Nepal
- Nepali Language
- Net Banking
- Network addressing
- Nigeria
- Nishant Arya
- Om Parkash
- Online
- Online Teachers Support
- organisation
- Other
- Pakistan
- Payment Service Providers
- Payoneer
- paypal
- paytm
- PayU
- PERSONAL DEVELOPMENT
- Personal Finance
- Philippines
- Photography
- Photoshop Software
- PHP
- physics
- Picture
- Plumbing Education
- PNB
- Political Science
- Polynomial
- positive thinking
- Post Office
- Probability
- Prof. Ashwani Kumar
- Profiles
- Profit
- Programming Language
- Property Dealing Skills by Surinder Singh
- provision
- Publishing
- Punjabi Language
- Quiz
- Railway Exam
- Railway Technical Exam
- Rajesh Kumar
- RBI
- real estate
- Reasoning
- rectification
- rectification of errors
- Relationships amp; Family
- Religious Studies
- Result
- Sahas
- Sales Tips
- Sanskrit
- Saudi Arabia
- Saving
- SBI
- School Accounting
- science
- Science Education
- Science Quize
- Science Tests
- Secrets of Failure
- Security
- Self Identity
- Self-Learning
- Share Market
- Share Market Dictionary
- Shiv Kumar Shabdra
- Silversmith
- Singing Skills
- Singing Skills by Surinder Singh
- Skating
- Slideshow
- Social Media
- social science
- Solution
- Sound
- Space Science
- Special Days
- Spiritual Education
- Sports
- Start Own Business
- Statistics
- Statistics Education
- stock
- Stock Market
- Stories
- Story
- Students
- Success
- Surinder Singh
- svtuition
- Tablet Education
- Tailoring Skills
- Tally
- Tally Solutions
- Tally.ERP 9
- TallyPrime
- Tara Chand
- tax
- Tax Solutions
- teaching
- Teaching by Chanakya
- Teaching Education
- Teaching Skills
- Teaching Stories
- Tech by Ashwani
- Tech Simplify
- technical education
- Telecommunication
- Test
- Testimonials
- Time Management
- Time series
- Travel
- Trigonometry
- tuition
- TV Shows
- UK
- USA
- variance analysis
- VAT
- vector
- Video
- Video Creation Skills
- Video Editing
- Video on Demand
- VideoPad Video Editor
- videos
- Vocational Education
- Volume
- Water
- Wealth
- Weather
- Web design
- Web Hosting
- Web Software
- website
- Website earning
- Welding Skills
- Wife
- Wifi
- Window Movie Maker
- Wordpress
- working capital
- Writing
- written Communication
- Yono App
- Yono Cash
- You can Become Rich Also
- Youth
- youtube
- YouTube Studio skills
- YouTube Tutorials
- zigopay
$hide=home
/fa-fire/ Popular Contents $hide=home$type=one
-
Slabwise NMMB Charges means Non-maintenance of Minimum balance charges. If you will not keep balance minimum in Saving account of Govt. ba...
-
There are lots of business. With this, you can earn Rs. 1 Crore in One Day and even more earn from this amount. You only need Only use your ...
-
DC INTL POS TXN MARKUP+ST Charges means debit or credit card international point of sale transaction foreign currency markup and service ta...
-
Tally prime is very latest software to record accounting transaction. It is more easy than Tally.ERP 9 and you can navigate easily from one...
-
Image by e-gabi from Pixabay There may be important documents like PAN Card, Driving Licence, Adhhar card, pension card, iden...
-
Theft is crime and it is done by criminals. It decreases your assets. These assets were taken by thieves without your permission in your...
-
If you want to save your time, money and energy, you can use copy journal entry option in Tally. For this, we can use duplicate option ...
-
In this world, your family members, relatives and friends are most important than all other material things. So, if anyone from them is mi...
-
In this world, every person wants to get love, security and encouragement. Science gives all. It motivates to grow and its inventions help...
-
If your mobile has lost or you have deleted its all data and there is no backup anywhere online or offline. There is big problem to get you...
COMMENTS