I will be really gratefull if some can tell how and which tachnique to apply in accounts cost accounting n taxation
I am a beginner n my exams nearby help
Can you post some specific examples of things that you're learning? We could help brainstorm ideas for memorizing it. :)
Accounts is purely numerical n it is practicing every time to learn . How do I learn numerical without practising question . Same is with cost accounting it has formula .bad part of both is that if you leave practice then you forgot
See this I have like this all chapters in accounts
Plz also help for income tax also http://www.icai.org/post.html?post_id=11102
here see practice manual
Learning both rules + problems
It would make it easier for me to offer ideas if you could post a list of 10 very specific facts that you want to memorize. We could then give you some ideas about how to memorize those 10 facts, and you could apply the same technique to other facts. :)
Okay first of all thnx for helping
Eg debit side of ledger has Opening balance , general reserve , goodwill
Credit side of ledger
Loss from revaluation ,loan from Robert , closing balance
Harder one has even more
Now in law I have an eg Anwser
1. Section + provision(necessary)
2. Conclusion drawn
215 section read with 216 provides that where a principal deals in business of agency on his own account principle may-
1. Repudiate transaction if case shows that agent has dishonestly concealed any material fact or that dealing has been disadvantageous to principal
2.claim from agent any benefit which may have resulted to him from transaction
Thank you so much josh bro
Sorry I called u bro
Sir thank u
I find it pretty difficult to apply mnemonics to accounting. I think this is because there is not much memorization involved; a lot of it is learning the concepts and practicing many examples until the concept is beaten into your brain. That doesn't mean it can't be done. Maybe AlexM will chime in, as he is focusing now on applying mnemonic techniques to education.
Here's an example. One of the most fundamental equations in Cost Accounting is: Beginning Inventory + Purchases - Cost of Goods Sold = Ending Inventory. You can express it like this: BI + P - COGS = EI. Sure, you could come up with a mnemonic to remember this, but since this is such a fundamental part of Cost Accounting, you need to be so familiar with it that it becomes second nature to you. Practice the examples in your textbook. Most often, they'll give you three of these values and ask you to compute the fourth. For example, if BI = $300,000, P = $100,000, and EI = $200,000, what is COGS. You simply solve for the unknown variable: 300,000 + 100,000 - 200,000 = COGS. So, COGS = $200,000. Practice dozens of these and you'll soon understand how they all relate to each other. Soon you be able to answer questions like "If my ending inventory has grown from last month to this month, and beginning inventory and purchases were the same as last month, did my Cost of Goods Sold increase or decrease.
Sir quite ryt but if u leave practice u tend to forget the same
Also tell for Tax laws it has law + numerical
Also Sir i am able to form memory palace (mental image of place ) but how do I add information to these places any help will be gratefull
Are these facts that you have to memorize? (sorry, I have no knowledge of accounting)
It would help if you put them into a list -- then you can place them in locations of a memory journey or attach them to a peg list.
Debit side of ledger:
Credit side of ledger:
Dear sir how to feed information to memory palace and
.it is only practice that helps once practice is left concept goes away
I'm not sure if I understand exactly what you're asking. Are you asking whether you need to review the information after putting it in a memory journey?
Actually you are right how many times to review
Yes, you will still need to review the information. See the spaced repetition page.
Does Spaced reptition also work for theory subjects also .Also discuss some tips for getting a good college as well as good grades in college. I am a International Student
1. Should I try to visualise the page i am learning( I am not exactly able to Recall Word by word but upto I recall to certain extent a topic)
2. I am not instantly able to form images for the facts I read please help for that also ( This one is quite urgent I tell I just 1 and half for preparation)
Quote: Also discuss some tips for getting a good college as well as good grades in college.
That is a very general question that might require several books' worth of text to answer. :)
It would be easier to answer if you make it very specific. What is the exact problem that you're encountering?
Quote: I am not instantly able to form images for the facts I read please help for that also
Making images quickly requires practice. You can also practice with wordplay. If you see a word or think of a word, try to change it into another word. Then try to think of a picture that could represent that word, even if it doesn't seem logical. If you do this often, your brain will start to do it more naturally.
Start with a word like car and then start chaining ideas together:
You can keep continuing the chains of words and images for as long as you want.
You can also practice breaking up longer words into smaller pieces and doing wordplay with them.
Big word: "idempotent"
It's a little silly, but the more you practice, the faster it will be to generate a lot of different ideas quickly. It doesn't matter if the associations seem nonsensical -- it only matters that your own brain can find the paths between the ideas and the words again.
This is great thanks
hey im an accounting student and im doing well in this subject.As i believe to be good at accounts you must understand the concept not memorize it.There are lot of technique you can use to aid the understanding of accounting process.
1)Here the basic formula that u need to master and understand:
Asset, Drawings , Expenses:
When it RISE ----»»»» Dr
When it DECREASE ----»»» Cr
Liability, Capital(equity) , Revenue:
When it RISE ----»»»» Cr
When it DECREASE ----»»» Dr
2) You have to classify these account and which category it is (based on ur question)
I assumed this ledger is Asset type a/c
(changed equity into an asset such as cash)
( exchanged or allocated back an asset )
Loss from revaluation
( recovered back from loss)
loan from Robert
( paid already the loan)
1. Classify the ledger it is A,D,E or L,C,R?
2. Classify the items in the ledger , ask urself why it on Dr side or Cr side
(to understand it, as u have to open/create the items in ledger form)
Hope this help
I am confused are you learning accounting or bookkeeping. My memory of financial and managerial accounting included tax law, standards and a ton of details that needed memorizing. It sounds like we are just talking about bookkeeping GL, general ledger accounts,.... This isn't accounting.
I learn that also.Dont simply memorize the items without understand it first. If u want to memorize it try make a short note or mind map of it (use ur own word and understanding). Be creative , relate the information with your life, Visual and create a scene of it in your head every concept that u want to remember.
I also take financial , cost , audit , law , computer and taxation accounting subject
This is accounting and not book keeping I asked how to memorize a ledger which was in partnership accounts . I know concepts but main problem is tons of practice required.
Again this is Partners capital aacount and a partner is retiring . Opening balance - overdrawn capital etc likewise
What account format u use? T acc or 3 column acc?
Anyway if it is capital acc the opening balance should be at credit side which it mean credit will minus debit to get closing
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