Accounting

It is built for B.Com, BBA and other commerce and management students, freshers starting in finance, audit or back-office roles, and owners of small shops and businesses who want to read their own books. It starts from zero: no previous bookkeeping is assumed, and the modern rules of debit and credit and the traditional golden rules (personal, real and nominal accounts) are taught side by side. The pace is brisk, and later topics reach depreciation methods, provisions, rectification of errors, GST input tax credit and reading the three statements together.

Examples follow Indian practice: the accrual basis, Indian Accounting Standards (AS and Ind AS) named where they apply, the Schedule III balance sheet format, GST and TDS entries, and amounts in rupees in Indian format. The course does not cover Tally or other accounting software, partnership or company accounts, cost accounting, auditing or income tax computation.

Every lesson is a few short reading cards built around a worked example, such as a journal entry, a ledger account, a cash book, a bank reconciliation statement or a set of final accounts, with tables that show the arithmetic and audio narration you can listen to instead of reading. A short multiple-choice quiz follows, with an explanation for every answer, and you can ask the AI guide about any card or question. The questions reuse the lesson's numbers and ask you to do the work: which account is debited, what the closing capital is, whether an error shows up in the trial balance, or how much depreciation the written-down value method gives in year two. The final section compares look-alike treatments, such as SLM and WDV, provision and reserve, or AS and Ind AS, and then works through cases such as a kirana store's first-year final accounts and GST set-off for a Pune trader.

Most wrong answers in accounting come from a few familiar slips, and each of these has its own lesson:

• Debiting the wrong account because a golden rule was applied to the wrong type of account
• Treating a balanced trial balance as proof that the books are correct, when errors of principle, errors of omission and compensating errors pass straight through it
• Charging a capital item such as new machinery to the profit and loss account as a revenue expense
• Forgetting outstanding expenses, prepaid expenses and accrued income at year end
• Valuing closing stock with LIFO, which AS 2 and Ind AS 2 do not allow
• Claiming input tax credit on items blocked under section 17(5)
• Starting a bank reconciliation without first listing unpresented cheques, uncleared deposits and bank charges

Udemy and Coursera mostly teach accounting through video lectures, where an instructor works through entries on a whiteboard or spreadsheet. LinkedIn Learning offers short video courses by working professionals. This course does a different job: short narrated lessons followed by questions that make you pass the entry, balance the account or spot the error yourself. Video suits watching a full set of accounts come together, and this format builds the habit of getting each debit, credit and adjustment right on your own. It has no spreadsheet or software exercises, so keep a notebook or a blank spreadsheet open and work the examples alongside.

Write the entries out by hand. For each lesson, record the example in a journal, post it to ledger accounts and balance them before you look at the answer; the arithmetic is where understanding settles. Check the accounting equation after every few transactions, as lesson 1 does, and prepare a trial balance whenever you finish a set of entries. Answer each quiz question before reading its explanation, because recalling the rule yourself is what makes it stick. Once you reach final accounts, take one trial balance with five adjustments and prepare the trading account, profit and loss account and balance sheet from it in one sitting; that exercise ties most of the course together. If you also deal with supplier quotes and credit terms, Negotiation Skills covers payment terms such as net 30, milestone payments and early-payment discounts.