Introduction to Accounting

Key Accounting Terminologies | Understanding Accounting: Event and Transaction | Bookkeeping vs. Accounting | Role of Stakeholders in Business | Important Business Terminologies

Types of Business Entities

Sole Proprietorship | Partnership | Company | Formalities and Procedures for Establishing Each Entity

Accounting Principles and Concepts

Capital and Revenue Transactions | Generally Accepted Accounting Principles (GAAP) | Capital and Revenue Expenditure | Deferred Revenue Expenditure | Capital and Revenue Receipt | Accounting Concepts and Conventions | Double Entry System of Bookkeeping

Classification and Rules of Accounts

Account Definition | Classification of Accounts: Assets, Liabilities, Equity, Revenue, and Expenses | Debit and Credit: Traditional and Modern Rules

Journal and Ledger

Understanding the Journal: Purpose and Preparation | Ledger: Posting and Balancing | Trial Balance: Purpose and Preparation

Cash Book and its Types

Types of Cash Books: Simple, Two-column, Three-column | Understanding Discounts in Cash Book | Day Book Preparation Using Google Sheets

Depreciation and Its Impact

Definition of Depreciation and Its Causes | The Necessity of Charging Depreciation | Factors Considered for Depreciation Calculation | Methods of Depreciation (Straight-line, Diminishing Balance, etc.) | Provisions and Reserves

Trial Balance Preparation

Importance of Trial Balance | Steps for Preparing a Trial Balance

Trading and Profit & Loss Account

Trading Account: Definition and Preparation | Profit and Loss Account: Definition and Preparation

Year-End Adjustments

Adjustments in Final Accounts | Handling Prepaid and Outstanding Expenses | Treatment of Depreciation, Provisions, and Reserves

Balance Sheet Preparation

Structure and Format of a Balance Sheet | Preparation of Financial Statements Using Excel

Accounting Documents

Key Accounting Documents and Vouchers | Purpose of Accounting Documents | Filing and Storing Documents: Best Practices

Industrial-Oriented Journal Entry Practice

Practical Journal Entry Practice Using JET Simulation