Manual accounts

 > Manual accounts

A bookkeeping and accounting workshop teaches financial record-keeping, transaction tracking, and preparing accurate statements. Learn double-entry bookkeeping, ledger management, and reconciliation. Covers budgeting, tax basics, and accounting software. Ideal for small business owners and finance professionals, it offers practical skills for managing finances, ensuring compliance, and making informed decisions. Hands-on and interactive learning experience.

COURSE FEATURES
  • Individual Focus on each student
  • 100% Placement Assurance
  • Live Online Training Program
  • 100% Practical Approach
  • Affordable Fee's Structure
  • Trained and Experienced Faculty
  • Learn by Doing
  • Mock Exams
  • Comprehensive Study Material

COURSE DETAILS

  • Course level: Basic to Advanced
  • 15 Hours Duration
  • Assignments , Notes and Mock tests
  • Commerce and Non commerce
  • Training Mode: Live online
  • Last Updated: 1st January,2025
  • Timing : 7.00 AM - 9.00 AM

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    Workshops

    BOOK KEEPING

    COURSE CONTENT

    Accounting is the process of recording, summarizing, and analyzing financial transactions to ensure accurate financial reporting and decision-making. It helps businesses track income, expenses, assets, and liabilities, providing a clear picture of financial health. Essential for compliance and strategy, accounting is the foundation of sound financial management. .
    Accounting Types: Includes financial, managerial, cost, and tax accounting, each serving specific purposes like reporting, decision-making, cost control, and compliance. Heads of Accounts: Major categories like assets, liabilities, equity, income, and expenses, organizing financial transactions for clarity and reporting. Ledgers: Detailed records of all financial transactions, categorized by account heads, ensuring accuracy and traceability. Groups: Collections of similar accounts (e.g., current assets, fixed liabilities) for streamlined financial analysis and reporting.
    In accounting, vouchers are documents used to record transactions. Common types include: Payment Voucher: Records cash or bank payments. Receipt Voucher: Documents cash or bank receipts. Journal Voucher: Adjusts non-cash transactions like depreciation. Sales Voucher: Records sales transactions. Purchase Voucher: Documents purchase of goods/services. Contra Voucher: Tracks cash-bank transfers. Essential for accurate financial tracking
    A journal entry in accounting is a formal record of financial transactions in a company's accounting system. It is the first step in the accounting cycle and is used to document all business transactions in chronological order. Each journal entry typically includes the following elements: Date: The date on which the transaction occurs. Accounts Involved: The names of the accounts that are affected by the transaction. Debit and Credit Amounts: Each entry must follow the double-entry system, meaning every debit entry has a corresponding credit entry of equal value to maintain the accounting equation (Assets = Liabilities + Equity). Description/Narration: A brief explanation of the transaction for reference. Reference Number: Some entries may include a reference or voucher number for tracking purposes
    Books of accounts are essential records for tracking financial transactions. Key types include: Cash Book: Records cash inflows and outflows. Ledger: Summarizes transactions by account heads. Journal: Chronologically logs all transactions. Sales Book: Tracks credit sales. Purchase Book: Records credit purchases. Trial Balance: Verifies ledger accuracy. Crucial for financial reporting and compliance.
    In accounting, inventory vouchers are documents used to record transactions involving inventory movement. Different types of inventory vouchers are commonly used in accounting software like Tally. Below are the primary types of inventory vouchers:Receipt Note 2. Delivery Note 3. Stock Journal 4. Physical Stock Voucher 5. Material In Voucher 6. Material Out Voucher 7. Manufacturing Journal 8. Rejection In 9. Rejection Out .
    Petty cash is a small amount of cash kept on hand in an organization to cover minor, everyday expenses such as office supplies, travel fares, or refreshments. It helps manage small payments efficiently without processing formal payments through the main accounting system, ensuring quick access to funds when needed.
    Cash Book:Records all cash and bank transactions, including receipts and payments, helping monitor cash flow. Bank Book:Specifically maintains bank-related transactions, aiding in bank reconciliation and cash management. Journal Book:Captures all initial financial transactions in chronological order before posting to ledgers. Sales Register:Maintains details of all credit and cash sales, essential for revenue tracking and GST filing. Purchase Register:Records all credit and cash purchases, useful for expense tracking and input tax credit. Returns Registers:Tracks sales returns and purchase returns, helping adjust revenue or expenses accurately.
    Ledger posting is the process of transferring financial transactions from the journal or subsidiary books to the respective accounts in the general ledger. It organizes transactions by account heads, ensuring accurate and systematic record-keeping. This step is crucial for preparing trial balances and financial statements, providing a clear overview of financial activities. .
    Reconciliation of books of accounts involves comparing internal financial records with external statements (e.g., bank statements) to ensure consistency and accuracy. It identifies discrepancies, errors, or omissions, ensuring all transactions are correctly recorded. This process is vital for maintaining financial integrity, detecting fraud, and preparing accurate financial reports for decision-making and compliance.
    A trial balance is a summary of all ledger account balances, listing debit and credit totals separately. It ensures the accuracy of bookkeeping by verifying that total debits equal total credits. It serves as a preliminary step in preparing financial statements and helps identify errors in the accounting process .
    The Trading Account calculates gross profit or loss by comparing sales revenue with the cost of goods sold. The Profit & Loss (P&L) Account determines net profit or loss by deducting operating expenses, taxes, and other costs from gross profit. Both are essential for assessing a business’s financial performance
    A Balance Sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It lists assets, liabilities, and equity, ensuring that assets equal liabilities plus equity (A = L + E). It reflects the business's financial health, liquidity, and capital structure .

    MOCK TESTS

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    ACCOUNTING MOCK TEST 01

    Attempt once this test to increase your confidence level at the time of interview

    1 / 80

    Any change in the accounting policy relating to inventories which has a material effect in the current or later periods should be disclosed. This is in accordance with the accounting principle of:

    2 / 80

    Limitation for regular registration for GST ?

    3 / 80

    How many types of Measurement Units we can create in Tally?

    4 / 80

    The value of supply of goods and services shall be?

    5 / 80

    Payment made through challan will be credited to which ledger?

    6 / 80

    if an aircraft departs from Delhi to Chennai after taking onboard food for consumption on board, the place of supply will be

    7 / 80

    Which of the following formats are supported by Tally ERP 9 for Export?

    8 / 80

    Limitation for regular registration for GST ?

    9 / 80

    Bill of material feature can be enabled for which type of stock item?

    10 / 80

    What is the location of supply importance of goods?

    11 / 80

    Basic accounting equation?

    12 / 80

    ITC is not aviable for

    13 / 80

    Neeraj bought a Goods  on credit from Deeraj. Which of the following journal entries will be made for this transaction in Neeraj‘s books?

    14 / 80

    In Tally ERP 9 We can synchronize the data from one location to another?

    15 / 80

    Profession tax is levied under the Andhra Pradesh Tax on

    16 / 80

    Which of the following is the predefined stock category in tally?

    17 / 80

    All assets in business either tangible or intangible classify as

    18 / 80

    Mode of Payment of Gratuity is

    19 / 80

    Which of the following products are outside the purview of GST?

    20 / 80

    ‘Tally vault’ is a

    21 / 80

    Payment of Gratuity (Central) Rules 1972, Form- A  for

    22 / 80

    TDS on Professional charges   which section  is applicable below

    23 / 80

    Input tax credit as credited in electronic credit ledger can be utilised for?

    24 / 80

    Fictitious assets are?

    25 / 80

    Gratuity shall be calculated as per the below formula:

    26 / 80

    What is the place of supply when goods are assembled?

    27 / 80

    Credit Electronic cash ledger means

    28 / 80

    What are the benefits that the employees get out of this Scheme ?

    29 / 80

    Can a company refuse to pay gratuity due to financial Loss to employees?

    30 / 80

    In India GST is effective from?

    31 / 80

    Through ________we can transfer the stock from one project to another project?

    32 / 80

    ____ deals with PAN

    33 / 80

    Reverse charge means

    34 / 80

    Due date for GST returns GSTR 1, GSTR 2A and GSTR 3B?

    35 / 80

    bank reconciliation statement?

    36 / 80

    Additional surcharge (education cess) of 3% per cent is payable on

    37 / 80

    is Depreciation not Charged on ?

    38 / 80

    Account books for how many preceding years should be preserved in good condition?

    39 / 80

    Will an employee resigning from service or retrenched by employer will be eligible for Gratuity?

    40 / 80

    Minors income is clubbed to

    41 / 80

    Employer register as per the provisions of the ESI Act they will get code ?

    42 / 80

    As per Section 207, If not having any income from business or profession is not liable to pay advance tax.

    43 / 80

    The term “employee” is defined in __________ of the  gratuity Act

    44 / 80

    Preliminary expenses incurred are allowed deduction in

    45 / 80

    Default ‘godown’ name in tally is ____________

    46 / 80

    is Depreciation not Charged on ?

    47 / 80

    GST registration is based on  ?

    48 / 80

    Every registered person shall be entitled to take credit of input tax in his return and such input tax credit shall be credited to?

    49 / 80

    Electrical Charges is Rs. 26000/- GST will be

    50 / 80

    After an employee leaves organization, in how many days a company should pay his gratuity amount?

    51 / 80

    Date of issue of Invoice is

    52 / 80

    Non-deduction of tax at source is possible only if your income is going to be below the minimum income tax slab.

    53 / 80

    According to which concept, the proprietor pays interest on drawings

    54 / 80

    _____ is a revenue expenditure which has been incurred during an accounting year but the benefit of which may be extended to a number of years.

    55 / 80

    Gift of Rs 10,00,000 received  cheque from a  other person

    56 / 80

    Carry forward and set off of losses for Speculation

    57 / 80

    We can cancel a voucher using

    58 / 80

    The Income Tax Act came into force from

    59 / 80

    Application for Gratuity by an Employee in the form of

    60 / 80

    How is the Scheme financed ?

    61 / 80

    TDS rate for professional services?

    62 / 80

    _____is the expenditure incurred in one accounting year and the benefits from which is also enjoyed in the same period only

    63 / 80

    SAC code Stands for?

    64 / 80

    Letter of Credit is presented by–

    65 / 80

    A partnership of banking business is valid, when the number of partners exceeds

    66 / 80

    Due dates for Advance Tax

    67 / 80

    Ram (Hyderabad) supplied goods to Rahim (Delhi) for Rs. 20,000, Tax @12%, which tax should be imposed to Rahim?

    68 / 80

    Maximum gratuity payable is

    69 / 80

    when does liability to pay GST arises in the case of supply of goods?

    70 / 80

    ____is an amount incurred for acquiring the long term assets such as land, building, machine etc

    71 / 80

    In case of salary or wage earners whose salary or wage for a month is not less than_________ the employer is liable to deduct Profession Tax payable under this Act

    72 / 80

    Form is used for Mothly return for GST?

    73 / 80

    TDS rate for Payment to contractor/sub-contractor company

    74 / 80

    Time of supply will be

    75 / 80

    Which method of depreciation is approved as per the income tax rules?

    76 / 80

    How many types of security levels pre -exist in Tally ERP9?

    77 / 80

    GST registration is based on  ?

    78 / 80

    Gratuity shall be calculated as per the below formula:

    79 / 80

    When shares are issued to promoters for the services offered by them ____ A/c is debited.

    80 / 80

    HSN Code Stands for?

    Your score is

    0%

    ACCOUNTING TEST 02

    1 / 25

    The bank reconciliation process is done to ensure that:

    2 / 25

    Which of the following is an example of a fixed cost?

    3 / 25

    The cash flow statement primarily deals with:

    4 / 25

    What is the accounting treatment for bad debts?

    5 / 25

    What is depreciation?

    6 / 25

    The VAT (Value Added Tax) paid on purchases is recorded in which type of account?

    7 / 25

    A company’s financial performance over a specific period is best represented by:

    8 / 25

    . What is the primary purpose of an audit?

    9 / 25

    Which of the following is the correct journal entry to record a purchase of office equipment on credit?

    10 / 25

    Which of the following  is not considered a direct cost?

    11 / 25

    The accounting principle that requires revenue to be recognized when it is earned is called:

    12 / 25

    1. Which of the following is an example of a non-cash transaction?

    13 / 25

    In which financial statement would you find the net profit?

    14 / 25

    1. What is the effect of recording a payment of an account payable?

    15 / 25

    Which of the following is a current asset?

    16 / 25

    Minors income is clubbed to

    17 / 25

    1. Which of the following is not a part of the accounting equation?

    18 / 25

    1. What is the purpose of a trial balance?

    19 / 25

    Which of the following accounts is a liability?

    20 / 25

    1. What does the term “double-entry bookkeeping” mean?

    21 / 25

    Which of the following is an example of an intangible asset?

    22 / 25

    In a perpetual inventory system, when inventory is sold, which account is updated?

    23 / 25

     What is the primary purpose of budgeting in accounting?

    24 / 25

    What is the main objective of financial accounting?

    25 / 25

    Which of the following is an example of an accrued liability?

    Your score is

    The average score is 24%

    0%

    Wrong shortcode initialized

    ABOUT FACULTY

    The Practical Accounts Faculty specializes in hands-on training for real-world accounting practices. It focuses on essential skills like bookkeeping, financial reporting, tax preparation, and software proficiency (e.g., Tally, QuickBooks). With experienced instructors and industry-aligned curricula, the faculty equips students with the expertise needed for careers in accounting, auditing, and finance. Emphasis is placed on practical application, ensuring students are job-ready and capable of handling complex financial tasks in diverse business environments.

    STUDENT TESTIMONIAL

    Students Testimonials

    "I am working professional. To upgrade my skills I took training on Taxation. Excellent training."

    - Radha Krishna

    "I Am Kumar From visakhapatnam. I Am Taking practical Accounts training from Ramesh Sir. Excellent Teaching Method. Happy To Take Training From This Institute. Thank You."

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    "One of the best institute in Hyderabad. I really thankful to Ramesh Sir. He is very motivated and ideal person for us and he is not only taught accounting but also inspired us in our personal life. I am very thankful to Ramesh sir for giving me such a great work."

    - Prabhakar

    "Best way to learn Accounting in this institute by best faculty. one of the top & best financial Accounting and Tax. Even With Our. Diverse professional background. Im Proud. to have learned from you. Thank you For Guiding Me Professionally and Personally.-"

    - Rajesh Kumar

    "Best Institute to adapt Practical Knowledge as well as theoretical Knowledge and high caring , attention towards the student in consideration of student is gaining knowledge and my lecturer explains in different ways and many times until the student understand the concept perfectly "

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    CERTIFICATION

    Upon successful completion of the Bookkeeping and Accounts Training, participants will be awarded a certification recognizing their knowledge and practical skills in accounting fundamentals, bookkeeping procedures, and financial reporting. This certificate serves as proof of competency and can enhance career prospects in accounting, finance, or related fields. It demonstrates the learner’s commitment to professional development and readiness to apply accounting principles in real-world scenarios. The certification is issued only after completing all course modules and passing the final assessment, ensuring that the candidate is well-equipped with the necessary expertise to perform effectively in accounting roles.

    FAQ'S

    The course covers the fundamentals of accounting, journal entries, ledgers, trial balance, cash book, bank reconciliation, and preparation of final accounts — all done manually without using accounting software.
     
    This course is suitable for students, beginners, small business owners, and anyone who wants to understand accounting from the basics before moving to computerized systems like Tally or QuickBooks.
     
    No prior knowledge is required. The course starts from basic concepts and gradually moves to practical bookkeeping exercises.
     
    Participants will receive printed notes, sample business transactions, practice ledgers, and worksheets for hands-on learning and revision.
     
    Manual bookkeeping teaches you the core accounting principles and processes done by hand. This helps you understand how accounting entries flow, which is essential before learning computerized accounting software.
     
    Yes. The course includes real-life business examples, transactions, and step-by-step exercises to help you gain practical bookkeeping experience.
     
    Yes, upon successful completion of the training and assessment, you will receive a Manual Bookkeeping Training Certificate recognized by our institute.
     

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