Foundations of Journal Entries and GST Accounting

Recording financial transactions accurately is the backbone of any business, and understanding how to apply Goods and Services Tax (GST) is essential for modern financial compliance. This course guides you through the fundamental principles of double-entry bookkeeping, helping you confidently analyze business transactions, determine debits and credits, and apply correct tax rates. Through clear written explanations, you will learn to: Understand the core principles of double-entry accounting, debits, and credits; Analyze business transactions to determine their exact financial impact; Calculate and record GST, including CGST, SGST, and IGST components; Journalize transactions involving sales, purchases, discounts, and returns; Apply modern digital ledger workflows and basic tax compliance concepts; Practice ledger posting and balancing to ensure accurate financial reporting. The course begins with essential accounting terminology and foundational definitions before guiding you through step-by-step written scenarios that build your practical bookkeeping skills. This course is designed for absolute beginners, accounting students, and small business owners with no prior bookkeeping experience. Start your journey to mastering financial records today.