Accounts

Accounting Principles, Concepts and Conventions, ,Capital and Revenue transactions - capital and revenue expenditures, capital and revenue receipts.Double entry system, Books of prime entry, Subsidiary Books, Cash Book, Journal,Ledger, Trial Balance Depreciation - Methods (Straight Line and Diminishing Balance methods) Rectification of Errors Opening entries, Transfer entries, Adjustment entries, Closing entries, Bank Reconciliation Statements`

Accounting is the process of identifying, recording, classifying, summarising, interpreting and communicating financial information of business to its users for judgement and decision making. “Accounting is the art of recording, classifying and summarising in a significant manner and in terms of money, transactions and events, which are, in part atleast, of a financial character, and interpreting the result thereof.” — American Institute of Certified Public Accountants`

Accounting BasicsAccounting BasicsAccounting BasicsAccounting Basics`