This is a part of lecture presented by Dr. Sanjay Biyani, Director of Biyani Girls College. The video is about the fundamental concept of accounting. These video is relevant to the classification of accounts and the accounts are classified into three categories (A) personal account (B) real account (C) nominal account. On the basis of these accounts classification this video is helpful to understand the rules of debit and credit. Debits and credits are an integral part of the accounting system. They are the method used to record business transactions, and keep track of assets and liabilities.

This is a part of lecture presented by Dr. Sanjay Biyani, Director of Biyani Girls College. The video is about fixed assets and depreciation. Fixed assets, also known as Property, Plant and Equipment, are tangible assets held by an entity for the production or supply of goods and services, for rentals to others, or for administrative purposes. Fixed assets are not held for resale but for the production, supply, rental or administrative purposes. These assets are expected to be used for more than one accounting period. This video is also helpful to know the concept of depreciation. Depreciation (depletion of fixed assets) means permanent and gradually decreases in the value of fixed assets. This video is also considered that there are three reasons behind the occurring of depreciation (A) wear and tear (B) Passage of time (C) Uses