Accounting: Need of accounting – Definition - Book keeping - Objectives of accounting – Advantages – Limitations – Branches - Methods of accounting - Difference between Single Entry and Double Entry - Accounting Concepts and Conventions. Journal: Meaning - Transaction analysis for journal entries – Ledger: Meaning - Posting of Journal to Ledger - Balancing of Ledger accounts – Distinction between Journal and Ledger.

Trial balance: Meaning – Definition – Objectives – Methods of Preparation. Subsidiary books: Meaning – Benefits – Preparation of Individual Subsidiary Books: Purchase Book -Sales Book, Purchase Return Book, Sales Return Book, cash book with Single Column and Petty Cash Book.

Bill of Exchange: Meaning – Credit sales – Debtors – Creditors – Drawer – Drawee – features of Bill of Exchange – Accounting for Honour and Dishonour of Bill of Exchange – Accommodation Bills.

Final accounts: Introduction – Trading account - Profit & Loss Account - Balance Sheet – Problems with simple adjustments.

Bank Reconciliation Statement: Need – Meaning - Pass book - Cash book – Causes for difference between Cash Book and Pass Book – Preparation of Bank Reconciliation Statement.