Accounting Basics
Autor: ragavk • November 15, 2011 • Research Paper • 1,009 Words (5 Pages) • 1,588 Views
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Contents
FOREWORD iii
Chapter 1 Introduction to Accounting 1
1.1 Meaning of Accounting 2
1.2 Accounting as a Source of Information 6
1.3 Objectives of Accounting 10
1.4 Role of Accounting 13
1.5 Basic Terms in Accounting 14
Chapter 2 Theory Base of Accounting 22
2.1 Generally Accepted Accounting Principles (GAAP) 23
2.2 Basic Accounting Concepts 24
2.3 Systems of Accounting 33
2.4 Basis of Accounting 34
2.5 Accounting Standards 35
Chapter 3 Recording of Transactions - I 41
3.1 Business Transactions and Source Document 41
3.2 Accounting Equation 45
3.3 Using Debit and Credit 47
3.4 Books of Original Entry 56
3.5 The Ledger 64
3.6 Posting from Journal 67
Chapter 4 Recording of Transactions - II 91
4.1 Cash Book 92
4.2 Purchases (Journal) Book 117
4.3 Purchases Return (Journal) Book 119
4.4 Sales (Journal) Book 121
4.5 Sales Return (Journal) Book 123
4.6 Journal Proper 129
4.7 Balancing the Accounts 131
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Chapter 5 Bank Reconciliation Statement 150
5.1 Need for Reconciliation 151
5.2 Preparation of Bank Reconciliation Statement 156
Chapter 6 Trial Balance and Rectification of Errors 181
6.1 Meaning of Trial Balance 181
6.2 Objectives of Preparing the Trial Balance 182
6.3 Preparation of Trial Balance 185
6.4 Significance of Agreement of Trial Balance 190
6.5 Searching of Errors 192
6.6 Rectification of Errors 193
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