Basic Accounting concepts - Kinds of Accounts – Financial Accounting vs. Cost Accounting - Financial Accounting vs. Management Accounting -Double Entry Book Keeping – Rules of Double Entry System – Preparation of Journal and Ledger Accounts- problems - Subsidiary books - cash book – types of cash book - problems - purchase book - sales book - sales return and purchase return books.

Trial balance - Errors – types of errors - Rectification of errors – problems – Bank reconciliation statement – problems.

Manufacturing - Trading - Profit & Loss Account - Balance sheet. – Problems with simple adjustments.

trading institutions-Income & Expenditure Account- Receipts and Payment Accounts and Balance sheet - Accounting for depreciation – methods of depreciation – problems (straight line method and written down value method only)

Preparation of accounts from incomplete records.