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Tarun Verma started the topic Difficulty in Accounting Standards in the forum Commerce
I am a commerce student in india studying accounts and finance. I am facing difficulties in understanding the accounting standards. They seem very complex and confusing. Can someone please explain the basic concepts and importance of accounting standards in simple terms?
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Tarun Verma replied to the topic Difficulty in accounting basics in the forum CA
The key is to practice plenty of questions. Repetition is the key to master accounting basics. Start with the double entry system – debits and credits. Make plenty of journals and ledger accounts for transactions. Keep practicing till you gain confidence. All the best!
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Tarun Verma replied to the topic Need Suggestions in the forum General
Start with small changes. Reduce your screen time by 1 hour a day and spend that time reading or researching fields that interest you. You can narrow down your options from there. All the best!
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Tarun Verma replied to the topic Accounts doubt. in the forum Commerce
Bro debit is like when money comes in and credit is when money goes out. Think of it like that. Hope this helps!
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