How to learn accounting transactions

Every aspiring accountant is faced with the problem of drawing up of accounting entries. They are the basis of accounting and reflect all economic transactions of the entity for the reporting periods. Errors are unacceptable, so you need to carefully approach the study of all rules and regulations.

Instruction

1. Purchase or download from the Internet the Unified chart of accounts and the regulations on accounting approved by order of the Ministry of Finance of the Russian Federation No. 157н from 01.12.2010. These documents establish the basic rules of conducting accounting and using invoices. Constantly check with the chart of accounts in the preparation of accounting transactions to prevent errors or inaccuracies.
2. Explore concepts such as active and passive invoice, credit and debit. Realizing their purpose, you will easily be able to apply them in practice in the preparation of accounting transactions. Active accounts are used for characteristics of property: accommodation, availability and composition. In the preparation of the balance sheet according to form 1 they will be located in the asset. Liability accounts show the sources of assets, and entered in the liabilities side of the balance. The loan is typically a reduction, and debit the increase in cash or assets in active accounts, and Vice versa for liabilities.
3. Analyze business transaction, you want to make a journal entry. Identify the account to which it relates. For example, paid wages to Bank cards of employees. In this case, the two accounts involved: account 51 "Settlement account", which is a reduction, so we specify it in the loan, as well as the account 70 "Calculations on payment", which is reflected in the debit for the full amount of paid wages. In this case there is no need to divide for each employee, as this part will be reflected in the supporting documents.
4. Take account of all business transactions and make accounting Postings only in the presence of primary documentation. For example, in the above example, these documents include a payment order and a Bank statement on your checking account.