Course Content

Introduction to Fundametals of Accounting and Bookkeeping

5m 51s

How to use LearnVern

3m 20s

Introduction to Accounting

17m 57s

Various Accounting Concepts

11m 34s

Various Terminologies in Accounting

11m 45s

Assignment : Basic Accounting

1m 1s

Assignment : Basic Accounting

1m 17s

Quiz : Basic Accounting

5m

Financial Transactions in Accounting

9m 58s

What are Books of Account

11m 54s

Assignment : Starting Point of Accounting

1m

Quiz : Starting Point of Accounting

1m

Fundamental Principles of Accounting

5m 45s

Accounting Assumptions

14m 30s

Ledger & Accounting Methods

16m

Assignment : Fundamental Accounting Principle

39s

Assignment : Fundamental Accounting Principles

42s

Quiz : Fundamental Accounting Principle

6m

Steps of Bookkeeping Process Part-1

12m 45s

Steps of Bookkeeping Process Part-2

17m 7s

Assignment : Steps of Bookkeeping Process

39s

Quiz : Steps of Bookkeeping Process

5m

What is Bank Reconciliation

16m 1s

Example of Bank Reconciliation Statement (BRS)

13m 59s

Assignment : Bank Reconciliation

1m 7s

Quiz : Bank Reconciliation

5m

Journal Entry in Accounting

17m 44s

Cases where Journal Entry is required

16m 19s

Assignment : Journal Entry

1m 44s

Quiz : Journal Entry

5m

Introduction to Payroll

15m 6s

Transactions with Payroll

13m 45s

Assignment : Payroll Management

40s

Quiz : Payroll

5m

Financial Statements

13m 6s

Financial Statements with Example

15m 57s

Assignment : Financial Statements

1m 7s

Quiz : Financial Statements

5m

Course Summary

2m 8s

Interview Question in Fundamentals Of Accounting And Bookkeeping

4m 20s

Career Guideline

2m 9s

What are Fixed Assets

Fundamentals of Accounting And Bookkeeping Importance of Bookkeeping

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  • Types of Assets

Course Content

Introduction to Fundametals of Accounting and Bookkeeping

5m 51s

How to use LearnVern

3m 20s

Introduction to Accounting

17m 57s

Various Accounting Concepts

11m 34s

Various Terminologies in Accounting

11m 45s

Assignment : Basic Accounting

1m 1s

Assignment : Basic Accounting

1m 17s

Financial Transactions in Accounting

9m 58s

What are Books of Account

11m 54s

Assignment : Starting Point of Accounting

1m

Fundamental Principles of Accounting

5m 45s

Accounting Assumptions

14m 30s

Ledger & Accounting Methods

16m

Assignment : Fundamental Accounting Principle

39s

Assignment : Fundamental Accounting Principles

42s

Steps of Bookkeeping Process Part-1

12m 45s

Steps of Bookkeeping Process Part-2

17m 7s

Assignment : Steps of Bookkeeping Process

39s

What is Bank Reconciliation

16m 1s

Example of Bank Reconciliation Statement (BRS)

13m 59s

Assignment : Bank Reconciliation

1m 7s

Journal Entry in Accounting

17m 44s

Cases where Journal Entry is required

16m 19s

Assignment : Journal Entry

1m 44s

Introduction to Payroll

15m 6s

Transactions with Payroll

13m 45s

Assignment : Payroll Management

40s

Financial Statements

13m 6s

Financial Statements with Example

15m 57s

Assignment : Financial Statements

1m 7s

Course Summary

2m 8s

Interview Question in Fundamentals Of Accounting And Bookkeeping

4m 20s

Career Guideline

2m 9s

FAQs

  • Fixed assets include the following:
  • Company trucks, for example.
  • Furniture for the workplace.
  • Machinery.
  • Buildings.
  • Land.
#BBD0E0 »

A physical piece of property, plant, or equipment (PP&E) is referred to as a fixed asset; it is also referred to as a non-current asset. An asset is considered fixed since it is something that a company will not consume, sell, or convert to cash throughout the accounting year.

Current, non-current, physical, intangible, operating, and non-operating assets are all common asset kinds. The ability to correctly identify and classify asset kinds is crucial to a company's survival, particularly its solvency and associated risks.

Fixed assets are assets that are held for use in the production or delivery of products or services, for rental to others, or for administrative purposes, and are expected to be used over a period of time.

Cash, inventory, vehicles, equipment, buildings, and investments are examples of tangible assets. Accounts receivable, pre-paid expenses, patents, and goodwill are examples of intangible assets that do not have a physical form.

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