Accounting Transactions 6-Expenses DR & Cr

Accounting Transactions 5- Revenue Dr & Cr

Accounting Transactions 4- Liabilities Dr & Cr

Accounting Transactions 3- Asset & SHE Dr & Cr

Accounting Transactions 2- Accounting Cycle

Accounting Transactions 1- Resources, Events, & Agents

Accounting Transactions 10-Account Anatomy

Accounting Transactions 9-Asset Anatomy

Accounting Transactions 8- Journal Entries 2

Accounting Transactions 7- Journal Entries 1

Accounting Basics 7- Financial Statements

Accounting Basics 6-Expanded Accounting Equation

Accounting Basics 5- Stockholders Equity

Accounting Basics 4- Liabilities

Accounting Basics 3- Assets

Accounting Basics 2- Accounting Equation

Accounting Basics 1- Where did Accounting Come From?

Accounting Equation

http://www.teachertube.com/viewVideo.php?video_id=125508&title=Work_Together_1_1_The_Accounting_Equation&ref=Princyfrancis

How to use Wordle

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OnlineSBI

About OnlineSBIState Bank of India is India’s largest bank with a branch network of over 11000 branches and 6 associate banks located even in the remotest parts of India. State Bank of India (SBI) offers a wide range of banking products and services to corporate and retail customers.
OnlineSBI is the Internet banking portal for State Bank of India. The portal provides anywhere, anytime, online access to accounts for State Bank’s Retail and Corporate customers. The application is developed using the latest cutting edge technology and tools. The infrastructure supports unified, secure access to banking services for accounts in over 11,000 branches across India.
The Retail banking application is an integration of several functional areas, and enables customers to:
Issue Demand Drafts online
Transfer funds to own and third party accounts
Credit beneficiary accounts using the VISA Money Transfer, RTGS/NEFT feature
Generate account statements
Setup Standing Instructions
Configure profile settings
Use eTax for online tax payment
Use ePay for automatic bill payments
Interface with merchants for railway and airline reservations
Avail DEMAT and IPO services
The OnlineSBI corporate banking application provides features to administer and manage corporate accounts online. The corporate module provides roles such as Regulator, Admin, Uploader, Transaction Maker, Authorizer, and Auditor. These roles have access to the following functions:
Manage users, define rights and transaction rules on corporate accounts
Access accounts in several branches with a single sign-on mechanism
Upload files to make bulk transactions to third parties, supplier, vendor and tax collection authorities.
Use online transactional features such as fund transfer to own accounts, third party payments (both Inter and Intra bank), and draft issues
Make bill payments over the Internet.
Authorize, modify, reschedule and cancel transactions, based on rights assigned to the user
Generate account statement
Enquire on transaction details or current balance
In addition to the above the Internet banking application also provides the following value added services:
Tax payments to central and state governments through site to site integration.
Supply Chain Finance( e-VFS- Electronic Vendor Finance Scheme)
Direct Debit Facility
E Collection Facilities for:
Core Banking Transactions
Inter Bank Transactions for incoming RTGS/NEFT Transactions
Internet Banking Transactions for SBI & Associate Banks
Direct Debit facility where suppliers can directly debit their customer’s account through Internet Banking

INVESTIGATION

According to Taylor and Perry," Investigation involves enquiry into facts behind the books of accounts, into technical, financial and economic position of the business or organisation."
Different Classes:
1. On behalf of a purchaser to ascertain the earning capacity
2. On behalf of an incoming partner
3. On behalf of a lender
4. Investigation when fraud is suspected
5. Investigation under Indian Companies Act, 1956
6. On behalf of a person intending to invest in a company
7.Investigation to ascertain the amount of compensation payable on
the compulsory removal of business

LIABILITIES OF AN AUDITOR

1. Contractual liabilities

2. Statutory liabilities

****a. Under Companies Act

*******i. Civil liabilities

**********I. Liabilities for negligence

**********II. Liabilities for misfeasance

*******ii. Criminal liabilities

****b. Under Indian Penal Code

3. Towards third parties(bank, public, creditors, government etc)

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UNCLAIMED DIVIDEND

Unclaimed dividend is that part of the dividend declared
by the company but not claimed by the shareholders with
in a period of 42 days from the date of declaration of such
dividend.
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ANNUAL DIVIDEND

Annual dividend is the dividend declared at the end of the financial

year when the profit and loss account is prepared and divisible

profits are ascertained.

INTERIM DIVIDEND

It is the dividend declared by a company at any time between two annual general meetings of the company.

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Dividend

DIVIDEND
Dividend means that portion of the profit of a company which is to be distributed to the shareholders.
Dividends can be

1. Final or Annual Dividend
2. Interim Dividend

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Divisible Pofit

DIVISIBLE PROFIT
The primary objective of running a business unit is to earn profit
simply it can be said as the excess of income over expenditure during a given period
the profit of a company which is distributed to the shareholders as dividend is called divisible profit
Tomorrow there is a public class about divisible profit at 6.30 pm on www.wiziq.com

A single step opens a great world to us.
I would like to make a good COMMERCE World.
With love.