Welcome to our Topic

1. Welcome to our Topic M. M. Mostafa Jamal Chowdhury Assistant Professor, Accounting Govt. Titumir College, Dhaka Presenting you Class: XI Subject: Accounting

2. cultivation Working Cycle Toward the completion & Start based on previous Preserve for next seeding Harvesting Ready for sale Storing

3. Analyze Business Transaction. Journalize transactions ACCOUNTING CYCLE

4. After completion of the Topic • the participants able to • Identify Business Transaction. • Define Debit Credit Determination rule

5. Transaction Not a transaction Not a transaction Measurable in monitory term Transaction Repayment of loan Tk 3,000 Dual aspect Equipment 8000 Loan 5000 Owners’ equity 15,000 Cash 12,000 Equipment 8000 Loan 5000 Owners’ equity 12,000 Cash 9,000

6. Lender Owner Lender’s claim from company Owner’s claim from company TK These are the assets for you who claim Balance is imbalanced

7. Lender’s claim from company Owner’s claim from company After exercised the claim What is the result Imbalance scale is balanced Accounting Equation

9. EXPENSES REVENUES Debit for Decrease Debit for Increase Credit for Increase Credit for Decrease Owners’ Equity A Closer Look Income Withdrawal Retained Earnings Capital TK

10. Group Work From 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.        

11. Evaluation Describe at least 5 features of Business Transaction Explain the debit-credit determination rule

12. Home work Explain Debit Credit Determination Rule According to “Accounting Equation” & “Classification of Account”

13. Thanks