Accounting and Finance with Aishira

🤔 Now that we know Debit and Credit… a new confusion starts. “How do I know what to debit and what to credit in real transactions?” And honestly… this is where most students get stuck. 😅 Because Debit and Credit alone are not enough. We need rules. And that’s exactly what we learn today. Hello, my wonderful readers! 👋 This is Day 14, and your Aishira is back with something super important. In Day 13, we learned that Debit and Credit are the language of accounting. But every language has grammar rules. And in accounting, those rules are called: 📊 Golden Rules of Accounting Let’s understand them in the simplest way possible. 🧠 The 3 Golden Rules of Accounting Accounting is based on 3 types of accounts: 1️⃣ Personal Account (People & Organizations) 👉 Accounts related to persons, firms, companies 📌 Rule: 👉 Debit the Receiver 👉 Credit the Giver ☕ Example: You paid ₹1,000 to a shopkeeper. • Shopkeeper receives money → Debit Shopkeeper • You give money → Credit Cash 2️⃣ Real Acco...

 🤔 Have you ever seen words like “Dr.” and “Cr.” in accounting and thought… what on earth do these mean? You’re not alone. Almost every commerce student gets confused here at the beginning. 😅 But once you understand this, accounting suddenly starts feeling like a language instead of random numbers. Hello, my wonderful readers! 👋 This is Day 13, and your Aishira is back with something very important. In Day 12, we learned about Financial Statements—the final reports that show the financial health of a business. But now a new question comes up... How are those reports actually prepared? Everything starts from just two simple words: 📒 Debit and Credit Let’s understand them in the simplest way possible. 📒 What is Debit (Dr.)? Debit simply means: ➡️ Increase in assets or expenses ➡️ Decrease in liabilities or income (in basic terms) But don’t worry about memorizing that yet. Let’s make it real. ☕ Imagine you own a small café. You buy coffee beans for ₹1,000. What happened here? • Y...