Welcome to our Topic

M. M. Mostafa Jamal ChowdhuryAssistant Professor, AccountingGovt. Titumir College, Dhaka

Presenting you

Class: XISubject: Accounting

cultivation

Storing

Harvesting

Ready for sale

Preserve for next seeding

Working Cycle Toward the completion & Start based on previous

Analyze

Business

Transaction.

Journalize

transactions

ACCO

UN

TIN

G CY

CLE

After completion of the Topic the participants able to

Identify Business Transaction.Define Debit Credit Determination rule

Not a tra

nsaction

Not a tra

nsaction

Transac

tion

Transac

tion

Measurable in monitory term

Cash12,000

Owners’ equity15,000

Equipment8000

Loan5000

Repayment of loan Tk 3,000

Cash9,000

Owners’ equity12,000

Equipment8000

Loan5000

Dual aspect

Owner Lender

Owner’s claim

from company

These are the

assets for you

who claim

TK

Lender’s claim

from com

pany

Balance is imbalanced

Owner’s claim from company

Lender’s claim from company

After exercised the claim What is the result

Imbalance scale is balanced

Accounting Equation

Retained EarningsCapital

Owners’ EquityA Closer Look

IncomeWith

drawal

TK

REVENUES

Debit for

Decrease

Credit for

Increase

EXPENSES

Debit for

Increase

Credit for

Decrease

Group WorkFrom the following events and happening identify the business transaction

A sale of merchandise or services. Ordered for purchase of supplies or raw material. A purchase of supplies or raw material. Receipt of a payment for an Accounts Receivable. Get an information about to be collect a payment from an

Accounts Receivable on next month. Payment to Accounts Payable. Signing an agreement with a bank to Receipt of loan. Receipt of loan proceeds.

Evaluation

i. Describe at least 5 features of Business Transaction

ii. Explain the debit-credit determination rule

Home work

Explain Debit Credit Determination Rule According to “Accounting Equation” & “Classification of Account”

Thanks