Fundamentals of Accounting-I

Block 1Introduction to Financial AccountingUnit 1Meaning & Definition of accountancy, Need and Scope for Accounting, Importance, and objectives of accounting, Differences between bookkeeping and accounting, Accountingsystems-cash and mercantileUnit 2Accounting concepts and conventionsUnit 3Important terms used in accounting: Transaction - Goods - Capital Drawing - Debtor -Creditors- Expenses - Incomes - Assets - Liabilities Debit - Credit, Types of Accounts, Books of accounts, Rules...
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Block 1Introduction to Financial AccountingUnit 1Meaning & Definition of accountancy, Need and Scope for Accounting, Importance, and objectives of accounting, Differences between bookkeeping and accounting, Accountingsystems-cash and mercantileUnit 2Accounting concepts and conventionsUnit 3Important terms used in accounting: Transaction - Goods - Capital Drawing - Debtor -Creditors- Expenses - Incomes - Assets - Liabilities Debit - Credit, Types of Accounts, Books of accounts, Rules for recordingUnit 4Brief study of Indian Accounting StandardsBlock 2Accounting ProcessUnit 1Journal: Meaning -Format, Journalizing, NarrationUnit 2Ledger: Meaning- Format, Ledger posting, balancing, Differences between journal & ledgerUnit 3Subsidiary BooksUnit 4Trial BalanceBlock 3Preparation of Final Accounts & Rectification of ErrorsUnit 1Manufacturing and Trading AccountUnit 2Profit and Loss AccountUnit 3Balance SheetUnit 4Rectification of ErrorsBlock 4Cash Book & Bank Reconciliation StatementUnit 1Cash Book, Single, Double, and Triple Column CashbookUnit 2Petty Cash Book, Imprest SystemUnit 3Meaning of Bank Reconciliation, Need, Causes for differences in the balances of cash and passbook, FormatUnit 4Preparation of Bank Reconciliation Statement