Contents:

• Chapter list:
  1. Introduction
     • Need and importance of Accounting
     • Accounting: A Business Language
     • Book-Keeping
     • Book-Keeping Versus Accounting
     • Accounting Versus Accountancy
     • Branches of Accounting
     • Objects of Accounting
     • Important Accounting Terms and Concepts
  2. Transactions and Accounting Equation
     • What is an Event?
     • Features
     • Classification
     • Rules for Deciding whether a Transaction is Cash or Credit
     • The accounting Equation
     • Effect of Business Transactions Upon the Accounting Equation
     • Setting up a Brand New Business
  3. Analysis of Business Transactions and Double Entry System
  4. Journal: The Original Book of Entry
  5. Ledger: The Main Book of Accounts
  6. Accounting For Bills of Exchange
  7. Special Journals
  8. Cash Book and Bank Reconciliation Statement
  9. Journal Proper and Summary of Book Keeping To The Trial Balance
  10. Final Accounts: The Completion of Accounting Cycle
  11. Adjustments and Their Effect on Final Accounts
  12. Work Sheet
  13. Financial Statements
  14. Capital and Revenue
  15. Rectification of Errors
      Answers
      Glossary