Basic Accounting

Unit

Topics

I

Introduction: Meaning and Process of Accounting, Basic Terminology of Accounting, Difference between Accounting and Book-Keeping. Importance and Limitations of Accounting, Various Users of Accounting Information, Accounting Principles: Conventions and Concepts.       

[Lecture-6]

II

Accounting Equation, Dual Aspect of Accounting, Types of Accounts, Rules of Debit & Credit, Preparation of Journal and Cash-Book Including Banking Transactions, Ledger and Trial Balance, Subsidiary Books of Accounts.

Rectification of Errors, Preparation of Bank Reconciliation Statement, Bills of Exchange and Promissory Notes.                                                                                             [Lecture-10]

III

Valuation of Stocks, Accounting Treatment of Depreciation, Reserves and Provisions, Preparation of Final Accounts along with Adjustment Entries.

                                                                                              [Lecture-8]

IV

Issue of Shares and Debentures, Issue of Bonus Shares and Right Issue, Redemption of Preference Shares and Debentures.                                                                           [Lecture-6]