Hello friends, welcome to a very valuable lecture.
Very important discussions are starting today.
Close your eyes once and take the name of the Lord sitting
inside you and tell yourself that whatever we will learn
today, we will learn from the heart, less than the mind,
more than the heart.
Because accounting is such a technique, once you accept it
from the heart, then things become very easy for you in the
future.
Use your brain as much as it is necessary.
What happens in accounts is that even if the child uses his
brain a lot, then he starts roaming around in the same
things.
Although he comes out after roaming there, but a little
time is wasted.
That's why put your heart in the accounts, become Salman
Khan, become Salman Khan of kick picture.
I come in the heart, not in the mind.
Accounts also tell you the same thing.
I come in the heart, not in the mind.
Don't try to understand me, try to put your heart with me.
Just attach your heart with the accounting and you see how
easy accounting becomes for you.
Introduction to accounting is our topic today.
We are going to start with the introduction to accounting.
Accounting word, accounting word says a lot in itself.
Sir, what does this accounting word say in itself?
For this, I will have to take the support of the writing
pad and you will have to remind me of Dhamal movie.
Have you all seen Dhamal movie?
Sir, we have seen.
Now some people will say, sir, we have not seen.
Now those who have not seen, I am seriously saying, it is
very wrong.
If you don't watch such fun movies, then what are you doing
in life?
In that, they go in search of 10 crores, in search of
treasure.
There is a dying person, there are 3-4 heroes, he tells
them that I have hidden 10 crores under a big W.
Go there and get it out of there.
So they have to go and find a big W, in the St.
Sebastian Garden of Goa.
They find a W under which 10 crores are there.
And they get this W in the form of coconut tree.
Okay sir, now they have got 10 crores, what do we have to
do?
Tell us.
Leave it, we are not going to get 10 crores, you will teach
us this accounting, what do we have to do?
So as they were looking for a W,
I am also writing a word in front of you, and you have to
look for the word hidden inside it.
And you will get the meaning of accounts hidden inside it.
They got 10 crores, you will get the meaning of accounts,
you will get the meaning of accounting.
I will write that word in front of you, as soon as you
blink, see, 1, 2, 3.
See this magic.
Sir, how did you do this?
I did it by editing, paused the video in between, then went
and wrote accounting, then turned on the video and did 3,
then paused after 1, 2.
Is this a big deal?
Oh, sir, it is like this.
Yes, all these magicians are like this.
Sir, there are tricks in everything, there is no such
magician, right?
Okay, sir.
Friends, this is that word.
Accounting.
Sir, I had to write it here, do you have any problem?
No, sir, don't get angry.
I said okay.
There is a word hidden inside it, inside accounting, which
tells the meaning of accounting.
A word inside a word?
Yes, a word inside a word.
Have you heard the word stool?
Yes, sir.
A tool is hidden inside it.
Have you heard the word hit?
Yes, sir.
A it is hidden inside it.
There are many such words, which have words hidden inside
them.
Let's make a word out of a word.
So try to find the word hidden in accounting, about which I
have been discussing with you for so long.
I give you 10 seconds.
Here is the clock.
The countdown starts now.
10 9 8 7 6 5 4 3 2 1 The time is up.
Don't cheat.
Tell me which word is hidden inside accounting.
Sir, we have found it.
C O U N T COUNT C O U N T COUNT Some people say, sir, add
ING to it.
It will become a counting word.
Add ING to it.
It will become a counting word.
Yes, it will become a counting word.
I just wanted to tell you COUNT.
Add COUNT to it.
Add COUNTING to it.
There is no big difference.
Okay, sir.
So friends,
Accounting means COUNT.
To count something.
You must have not heard this word before.
I will tell you today.
To count something is called accounting.
To add something.
To subtract something.
To add something.
To subtract something.
To divide something.
House...
No, no, no.
Which mistake did I make?
To add, to subtract, to divide, to divide.
After that,
The process that we do,
That is called accounting.
To play counting, counting, is called accounting.
Wow! I have come up with a new line today.
I will use it in the coming batches.
To play counting, counting, is called accounting.
To add some calculations.
On fingers, on numbers.
When the calculation increases,
Then on the calculator.
That is called accounting.
You do accounting in your daily life.
You have come to learn accounting from me.
I am surprised by this.
You do accounting in your daily life.
You don't know.
Sir, how?
Just look at it.
All the children must have done this once in their life.
And some people must be doing it every day.
We get a thousand rupees of pocket money.
Monthly.
Out of which,
Two hundred rupees are spent on our school's upcoming
conventions.
Out of the remaining eight hundred,
We eat patties of three hundred in the school.
As much as our convention is not there,
More than that,
Our school's patties are spent.
Out of the remaining five hundred.
Out of the remaining five hundred,
We have to buy stationary for a hundred rupees.
Out of the remaining four hundred.
Out of the remaining four hundred,
Then we cut our stomach.
We will spend two hundred rupees for that person.
The person who does not even give us feelings.
In the class.
For whose one eye we yearn.
But dare he turn and give us an eye.
But for that,
We will keep two hundred rupees separately.
And the remaining balance,
Two hundred rupees will be left in our pocket.
Which we will save.
If we get a thousand again next month,
Then it will be twelve hundred.
We will save and go.
So all this,
The account book you put,
This is what?
This is as good as accounting.
Some money came.
Some payments will go from it.
Then how much balance will be left?
This is accounting.
You talk to your mother.
Your mother does accounting on a daily basis.
If not daily, she does it monthly.
Sir, how is that?
Your father gives him a salary in his hand.
Then he puts an account in the salary.
How much to give to the milkman brother?
Then we have to pay so much rent from this.
Meaning, Those who are owned,
Very very good.
Those who are rented,
They have to pay rent.
And for them too,
Very very good.
Life goes on.
When life is of rent,
What will the house do?
Life itself is of rent.
When on, when off,
I don't know anything.
What to worry about,
Is the house yours or not?
Enjoy in rent.
That's it.
Then we do something different from it.
For electricity bill.
That from this,
Electricity bill has to be paid.
Right, right, right.
And then some money will be saved.
From that,
We will pay the school fees of the child.
Some medical emergency can come.
For that,
We will save and keep it.
So the account book that mother has put,
This is what?
This is as good as accounting?
This is accounting and nothing else.
Playing counting,
Is called accounting.
Sir, The cricket match we play,
Even then,
Are we doing accounting?
What? Exactly.
That is also an account book.
Which bowler has given how many runs?
Which batsman has made how many runs?
What is the total of the team?
For example,
How many runs were there in the 19th over?
Who hit how many sixes?
Who hit fours?
Who took the wicket?
Who took the most?
Keeping the whole account book,
This is also accounting.
Simple.
Keeping an account book,
For anything,
Is called accounting.
Okay, sir.
But friends,
All these examples I have given you,
These are all domestic examples.
Examples of your and our everyday life.
Their accounting remains very simple.
There is no much trouble in them.
Their accounting remains simple.
Even a common man can do it.
But, When this accounting,
When this counting,
When we do it for business,
When we do this work for a business,
Then my dear friends,
That technique,
Then we have to learn in a little detail.
When we do accounting for business,
Then we have to learn that technique in a little detail.
There is nothing, friend.
This is also an account book.
There are a lot of typical things in business.
There are a lot of transactions.
On a daily basis,
Sale, purchase,
Expense, Income, There are so many problems.
Bank statement,
Bank through entry,
Cash through entry,
There are a lot of things.
So, When we have to learn the same accounting for business,
Then we have to go in a little detail.
Nothing else.
And friends,
Our curriculum,
Our syllabus,
What we have to learn,
The thing that will earn us money,
That is the same thing.
Learn accounting for business.
Who makes you do accounting for business?
Who doesn't do it?
Who makes you do it?
I am asking.
The owner of the business,
Owner, The owner of the business,
Who runs the business,
Gives birth,
Spends money,
In the greed that tomorrow he will earn extra money from
there,
He wants to do accounting.
Why? Let's see,
How much did you spend?
How much did you earn?
Is it a profit or a loss due to the loss of income?
That's why accounting of a business is very important.
And for every owner, it is important to know whether his
business is doing well or not.
Whether it is doing well or not.
It is very important to know this for a businessman and an
owner.
That's why who does the accounting?
Who does it? Remove it.
Who does it?
Owner.
Owner does it.
Why? To know profitability of the business.
So that he knows the profitability of the business.
Whether the business is doing well or not.
Who does it?
The owner does it.
He has to know the profitability.
But who does the accounting?
You and I do the accounting.
Who is Sanam? You and I.
If you say, accountant.
Now there is an empty accountant.
Now there is a chartered word in front of an accountant.
Although the poor guy has put a chartered word with a lot
of effort.
But friends, accounting is as important for a chartered
accountant as it is important for a simple accountant.
Because an accountant does accounting for a businessman.
But later the businessman has to check his own accounting.
So CA should also have a command on accounting.
Right? Yes, sir.
Of course, it happens.
If CA does not have a command on accounting, then whose
command will be there on accounting?
Of course, it happens.
Of course, it happens, my dear friends.
Okay, sir.
So friends, let's go to the notes and see what is written
there.
Let's see what is written there.
Introduction to accounting.
Introduction to bookkeeping, accounting and accountancy.
Now what is bookkeeping, accountancy?
We will see all this in a while.
For now, meaning of accounting.
Meaning of accounting.
Friends, what I have explained to you was very simple,
simple meaning.
Very pure, simple meaning.
But when you are going to study now, it will be a complex
language.
It will be the same thing.
But the language will be complex.
Now because we have made notes especially for you, we will
definitely teach you this.
And the notes should be in a little standard way.
It should be a little good.
That's why we have also written good definitions here.
But you don't have to give any paper.
You have to learn.
You have to give paper also if you have anything related to
these things.
So friends, learn.
Paper will be done automatically.
Basically you have to learn.
Our target is to learn.
And not to earn.
Because if you learn, you will automatically earn.
There is no need to create the target as to earn.
The target has to be to learn.
You will earn automatically.
Okay.
According to American Institute,
Not American.
American Institute.
Say it in style with me.
Of Certified Public Accountant.
Sir, what is this?
Have you heard of India?
Institute of Chartered Accountants of India.
The one who gives CA degree to Indians.
India's Institute.
Similarly in America,
CA degree, Chartered Accountant is known as
Certified Public Accountant.
It is known as CPA.
Chartered Accountant or CPA is the person who has the most
knowledge of accounting in the country.
In America, there is CPA.
A-I-C-P-A.
American Institute of CPAs.
Which runs by giving this degree.
He has given a definition of accounting.
Accounting is that of recording, classifying, summarizing
in a significant manner, and in terms of money,
transactions and events which are in part at least of a
financial character and interpreting result thereof.
Sir, why did he make such a definition?
To drink our blood?
When you gave a definition in simple words, what has he
written?
Do you know what he has written?
Accounting means recording.
What should be recorded?
Recording transactions and events.
Recording events that are going to happen in business.
If there is a sale in business, we will record it.
If there is a purchase, we will record it.
If there is an income, we will record it.
If there is an expense, we will record it.
Why? Only after recording, we will find out what is the
profit, what is the loss, what is the liability.
You must have heard all these things.
We will work only then.
So he is saying the same thing.
He is writing such a heavy word to calculate.
Recording, classifying and summarizing transactions and
events.
That's it. Nothing else.
Calculating is related to business activities.
Calculating the events in business is called accounting.
My hand is not shaking.
I was doing like this.
It's called accounting.
Don't worry.
Okay, sir.
So friends, the word is written ahead.
Which are of a financial character.
Keep this in mind.
In business, only those things, only those business related
activities will be recorded which are of a financial
character.
Which have a monetary value.
What does it mean, sir?
It means like we bought goods.
We bought some goods in business to sell further.
Someone has a t-shirt showroom.
He bought a lot of t-shirts in wholesale so that he can
sell further.
So he bought a t-shirt for 10,000 rupees.
This will be recorded in a transaction account.
Because it has a monetary value of 10,000 rupees.
If there is a transaction which has no monetary value then
we will not record it in an account.
Then it will not become a part of our accounting.
For example, a child used to work in a t-shirt showroom.
Not a child.
A boy used to work.
20-22 years old.
Means he was an adult.
A 20-22 year old boy used to work.
And he used to show t-shirts in business.
The customer used to come.
The owner used to tell him to show it.
He used to keep it in the shop.
For help.
So he kept it like this.
Now he left the job and went.
He left the job and went.
This is happening in business.
There is a transaction.
That he is going.
It will affect the business.
We will have to find a new person tomorrow.
But still where should we do his accounting?
What should we do?
He went.
We paid his remaining salary.
Now what to do?
What to do in accounting?
But he left.
What difference does it make?
It will make a difference in business.
But we can't figure out how much it will make a difference.
It may not make a difference at all.
The new person comes.
He will handle the work.
It may take some time for the new person to come.
Till then we will have some disturbance.
So the disturbance we can't calculate it in rupees.
It will affect the business.
Everyone knows.
But no one knows how much money it will affect.
That's why we won't record it in business.
I will tell you like this.
A small child was hungry.
He didn't have money to eat.
You took him to a good hotel and gave him food for 100
rupees.
So you know very well that I helped you for 100 rupees.
You came home and said
I helped you for 100 rupees.
I fed a child today.
I filled his stomach.
I spent 100 rupees on this.
And the family is also very proud that you spent 100 rupees
from your pocket money for such a good deed.
You know its monetary value.
You can include it in your pocket money calculation that
here I should reduce 100 rupees from it.
I made a donation.
Now the next thing.
The next day you were going.
The next day you didn't get a hungry child.
The next day you met an old man who was blind, a little
helpless and was trying to cross the road.
And it was very important for him to cross the road.
At that time.
No one was ready to help him.
You put your hand on his shoulder and made him cross the
road.
You also helped him.
You can also come home and tell this to your parents.
Parents will also be happy about this.
But you cannot include it in your pocket money calculation.
Why? Because there was no effect in rupees with this help.
With this help, with this deed, with this incident, the
balance of your pocket money, the amount, the rupees, the
currency, has not had any effect on it.
Therefore, when we do the accounting of those incidents,
when we do the accounting of business, we do it for those
incidents whose monetary value is there, whose monetary
value is not there.
We do not record those transactions in the accounts.
The same thing is written below.
It is written in some simple words.
So the meaning of accounting ends here.
This is the meaning of accounting.
Ok Sir.
Let's go.