Introduction , Meaning , Objectives , GAAP , Concepts and Conventions, Income Recognition ( Cash and Accrual basis) , Classification of Assets and Liabilities , Contingent liabilities, Basis of profits ,Types of accounts, Recording of transactions (Journal) , Classification of accounts ( Ledger) ,Subsidiary Books ,Verification (Trial balance).

Capital and Revenue Transactions, Final Accounts , Adjustments: Provision for bad and doubtful debts, Depreciation, Tax, Expenses and Income , Calculation of Profit under Cash basis , Preparation of Trading Account, Profit and Loss account and Balance Sheet, Errors and Rectification ,Accounting Standard, Meaning and its importance

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.

Average Due Date – Account Current: Interest Method, Product Method, and Table Method – Red Ink Interest.

Bank reconciliation statement:Meaning – Preparation of customer account in the Bank Book and bank account in Customer Book (with common 10 entries covering two financial periods) – Identifying the reasons for disagreement of balances – Reconciliation for normal and overdraft closing and opening balances