Sir Waqar Pasha

Sir Waqar Pasha Founder at PASHA ACADEMY
Passion: Teaching
Subject: Accounting
Place: Karachi, Pakistan

Finally, long awaited project has completed successfully. Second year accounting kit ready to serve now onwards.
27/06/2025

Finally, long awaited project has completed successfully.
Second year accounting kit ready to serve now onwards.

27/04/2025

PREPAID EXPENSES
It refers to those advance payments against skills to be taken, which hasn't started its time duration.

23/04/2025

BALANCE SHEET:
It is prepared at the end of every year. It is the last accounting record which a firm prepared at the completion of accounting period. states the current financial position of the business. It shows that the assets of the business and the share of outsiders and investment of the owner.

17/04/2025

Creditors are those suppliers, whom the business buys inventory on account.

16/04/2025

Debtors are those clients or customers who owed our services or goods but haven't paid. Therefore, in our books of account, an account with the receivable will be recorded in asserts side.

14/04/2025

BANK OVERDRAFT:
It is an additional or excessive amount which a bank pay on behalf of the business or firm to settle the payments, while bank balance having NSF.
It is also known as Cash Credit.

11/04/2025

STRAIGHT LINE METHOD:
In this method of depreciation, the amount of depreciation of every year remains same.

10/04/2025

FIFO:
First in first out.

LIFO:
Last in first out

09/04/2025

DEBIT:
Left hand side of an account.

CREDIT:
Right hand side of an account.

08/04/2025

COST OF GOODS SOLD:
Opening inventory + Purchases - Ending inventory

07/04/2025

ACCOUNTING CYCLE:
Business transaction
General journal
Ledger posting footing and balancing
Trial balance
Periodic adjustments
Adjusted trial balance
Financial statement
Worksheet
Closing reversing entries
Opening entry
Reversing entries (Optional)

06/04/2025

QUICK ASSETS:
Cash, Bank balance and Marketable securities are considered as Quick Assets, while determining Acid Test or Quick Ratio.

Address

R-390 Sector 16/A Buffer Zone, North Nazimabad Town
Karachi

Opening Hours

Monday 08:00 - 22:00
Tuesday 08:00 - 22:00
Wednesday 08:00 - 22:00
Thursday 08:00 - 22:00
Friday 08:00 - 22:00
Saturday 08:00 - 22:00

Telephone

+13132367552

Website

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