1. Introduction to Accounting……………………………………………………… 0
1.1 Accounting: Meaning-Definition and Functions, Objectives,
Accounting as source of information, Internal and External users of
accounting information and their needs, Development of Accounting
1.2 Qualitative Characteristics of Accounting Information: Reliability,
Relevance, Understandability and Comparability.
1.3 Basic Accounting Terms: Asset, Liability, Capital, Expense, Income,
Expenditure, Revenue, Debtors (Bills Receivables), Creditors (Bills
Payables), Goods, Cost, Gain, Stock, Purchase, Sales, Loss, Profit,
Voucher, Discount, Transaction, Drawings etc.
2. Accounting Principles…………………………………………………………….. 0
2.1 Accounting Principle – Meaning and Nature
2.2 Accounting Concepts:- 2.2.1 Entity Concept 2.2.2 Money
Measurement Concept 2.2.3 Going Concern Concept 2.2.4
Periodicity Concept 2.2.5 Cost Concept 2.2.6 Duel Aspect Concept
2.2.7 Realisation Concept 2.2.8 Matching Concept 2.2.9 Accrual Concept
2.3 Accounting Conventions:- 2.3.1 Conservatism 2.3.2 Full Disclosure
2.3.3 Consistency 2.3.4 Materiality
2.4 Fundamental Accounting Assumptions (IASC):- 2.4.1 Going
Concern 2.4.2 Consistency 2.4.3 Accrual 2.4.4 Accounting Policies
2.4.5 Prudence 2.4.6 Substance over form 2.4.7 Materiality
2.5 Accounting Standards: Concept and Meaning
2.6 Accounting Mechanism: Single Entry and Double Entry
2.7 Bases of Accounting: Cash Basis, Accrual Basis
3. Recording of Business Transaction………………………………………….. 0
3.1 Voucher and Transactions: Origin of Transactions –Source
Documents and Vouchers, Preparation of Vouchers; Accounting
Equation Approach –Meaning and Analysis of Transactions using
Accounting Equation; Rules of Debit and Credit.
3.2 Recording of Transactions: Books of Original Entry –Journal,
Special Purpose Books:- (i) Cash Book –Simple, Cashbook with
Bank Column and Petty Cashbook, (ii) Purchases Book, Sales Book,
Purchases Returns Book, Sale Returns Book; Ledger: Meaning,
Utility, Format; Posting from Journal and Subsidiary Books;
Balancing of Accounts, Problems on Journal and Cash Book
3.3 Bank Reconciliation Statement: Meaning and Objective of Bank
Reconciliation Statement, Causes of Difference, Importance of
Bank Reconciliation Statement, Technique of preparing Bank
Reconciliation Statement, Problems on Bank Reconciliation Statement