Effective Classroom Activities on Accounting Using Double Entry System: The Productive Consequences

Abstract

Effective classroom activities facilitate the students with simple teaching-learning method of understanding the conceptual as well as practical aspects. The present study reveals the essential of implementing effective classroom activities on accounting using double entry system. In the modern era, the accounting activities are performed through software like Tally.ERP 9, HDPOS Smart Accounts and Billing, Zoho Books etc. Even though the manual operations are replaced by accounting software, but the importance of understanding basic accounting concepts, rules and procedures remain unchanged. The authors have taken obsessive care to simplify the double entry system that can be understood by general public, businessman, and even non-commerce background students. The study described about the golden rules of accounting, the introduction and format of accounting equation, the description and specimen of journal, the format of ledger, introduction and specimen of trial balance, other related aspects. The present study will encourage the research scholars, business practitioners, and future generation with respect to fundamental concepts and practical applications.