1Preface
1048.4.3 Journal entry for purchase returns
2Chapter 1. Introduction To Accounting and Bookkeeping
1058.4.4 Example
31.1 Meaning of accounting
1068.5 Sales book
41.1.1 What Is Accounting?
1078.5.1 Sample Format of Sales Book
51.1.2 Types of Accounting
1088.5.2 How to do Ledger Posting of Sales Book?
61.1.3 Requirements for Accounting
1098.5.3 Journal Entry for Credit Sale
71.2 Accounting as a Source of Information: 1.2.1 Users of Accounting Information
1108.6 Sales Return or Returns Inward Book
81.3 Characteristics of Accounting
1118.6.1 Sample Format of Sales Return Book
91.3.1 Primary Characteristics of Accounting
1128.6.2 How to Post Entries from Sales Return Book into Ledger?
101.3.2 Secondary Characteristics of Accounting
1138.6.3 Journal entry for sales returns
111.4 Objective of Accounting
1148.7 Journal proper
121.5 Roles of Accounting
1158.7.1 Opening Entries
131.6 What is bookkeeping?
1168.7.2 Closing Entries
141.7 Importance of Bookkeeping
1178.7.3 Transfer Entries
151.8 Difference between bookkeeping and accounting
1188.7.4 Adjusting Entries
161.9 What is GAAP?: 1.9.1 What are the basic principles of accounting?
1198.7.5 Rectification Entries
171.10 What are Accounting Standards?
1208.7.6 Entries of Which There is No Special Journal
181.10.1 The Objective of Accounting Standards are
1218.7.7 Entries for Rare Transactions
191.10.2 Benefits of Accounting Standards
1228.8 Exercise
201.10.3 Limitations of Accounting Standards
123Chapter 9. Bank Reconciliation Statement
211.11 Exercise
1249.1 Introduction
22Chapter 2. Basic Accounting Terms
1259.1.1 Why Prepare a BRS?
232.1 Basic accounting concepts
1269.1.2 How to prepare a BRS
242.1.1 Accruals Concept
1279.1.3 Benefits of preparing a BRS
252.1.2 Conservatism Concept
1289.1.4 Tips to ensure efficient BRS
262.1.3 Consistency Concept
1299.2 Need for Reconciliation
272.1.4 Economic Entity Concept
1309.2.1 Timing Differences
282.1.5 Going Concern Concept
1319.2.2 Differences Caused by Errors
292.1.6 Matching Concept
1329.3 Preparation of Bank Reconciliation Statement
302.1.7 Materiality Concept
1339.3.1 Preparation of Bank Reconciliation Statement without adjusting Cash Book Balance
312.2 Terms of accounting
1349.3.2 Preparation of Bank Reconciliation Statement with Adjusted
322.3 Systems of Accounting
1359.4 Illustrations
332.3.1 Single Entry System
1369.4.1 Illustration 1
342.3.2 Double Entry System
1379.4.2 Illustration 2
352.4 Exercise
1389.4.3 Illustration 3
36Chapter 3. Accounting Procedure
1399.4.4 Illustration 4
373.1 The Golden Rules of Accounting
1409.4.5 Illustration 5
383.1.1 Debit the Receiver, Credit the Giver
1419.4.6 Illustration 6
393.1.2 Debit What Comes In, Credit What Goes Out
1429.4.7 Illustration 7
403.1.3 Debit All Expenses and Losses, Credit All Incomes and Gains
1439.4.8 Illustration 8
413.1.4 Accounting Rules of Debit and Credit
1449.4.9 Illustration 9
423.2 Golden Rules of Accounting (Traditional Approach)
1459.4.10 Illustration 10
433.3 Modern Rules of accounting (Classification of Accounts)
1469.4.11 Illustration 11
443.4 Books of original entry
1479.4.12 Illustration 12
453.5 Exercise
1489.5 Exercise
46Chapter 4. Accounting Equations
149Chapter 10. Trial Balance
474.1 What is the accounting equation?: 4.1.1 Balance in Accounting
15010.1 Meaning of trial balance
484.2 Balance sheet
15110.2 Objectives of Preparing a Trial Balance
494.2.1 Assets
15210.3 Preparation of trial balance
504.2.2 Liabilities
15310.3.1 Steps to Prepare Trial Balance
514.2.3 Owners’ Equity/ Stockholders’ Equity
15410.3.2 There are three Methods of Preparing Trial Balance
524.2.4 Advantages
15510.3.3 Trial Balance and Errors
534.2.5 Disadvantages
15610.3.4 Trial Balance and Suspense A/c
544.3 Important Points
15710.4 Exercise
554.4 Exercise
158Chapter 11. Depreciation
56Chapter 5. Origin of Transactions - Source Documents and Preparation of Voucher
15911.1 Meaning of Depreciation : 11.1.1 Features of Depreciation
575.1 Source Documents
16011.2 Depreciation and other Similar Terms
585.2 What is a voucher?
16111.2.1 Depletion
595.3 Different types of vouchers
16211.2.2 Amortisation
605.3.1 Voucher Type # 1. Accounting Voucher
16311.3 Causes of Depreciation
615.3.2 Voucher Type # 2. Supporting Vouchers
16411.3.1 Wear and Tear due to Use or Passage of Time
625.4 Cash memo
16511.3.2 Expiration of Legal Rights
635.5 Exercise
16611.3.3 Obsolescence
64Chapter 6. Journal
16711.3.4 Abnormal Factors
656.1 What is a Journal?
16811.4 Need for Depreciation
666.1.1 Understanding Journals
16911.4.1 Matching of Costs and Revenue
676.1.2 The Journal in Investing and Trading
17011.4.2 Consideration of Tax
686.2 Objective of journal
17111.4.3 True and Fair Financial Position
696.2.1 Objectives of Journal
17211.4.4 Compliance with Law
706.2.2 Journalising
17311.5 Factors Affecting the Amount of Depreciation
716.3 Advantages of journal
17411.5.1 Estimated Net Residual Value
726.4 Utility of journal
17511.5.2 Depreciable Cost
736.5 Limitations of Journal
17611.5.3 Estimated Useful Life
746.6 How to Write a Journal Entry
17711.6 Methods of Calculating Depreciation Amount
756.7 Types of Journal Entries
17811.6.1 Straight Line Method
766.8 Format of Journal
17911.6.2 Diminishing Balance Method
776.9 Posting the entries in the journal
18011.6.3 Sum of Years’ Digits Method
786.9.1 Enter Account Name and Number
18111.6.4 Double Declining Balance Method
796.9.2 Post the Entry Details
18211.7 Provisions
806.9.3 Enter the Debits and Credits
18311.7.1 Solved Example 1
816.9.4 Find the Running Balances
18411.7.2 Solved Example 2 – Provision for Depreciation
826.9.5 Correct Any Errors
18511.8 What is Asset Disposal?
836.10 Exercise
18611.8.1 Solved Examples
84Chapter 7. Ledger
18711.8.2 Machinery Account
857.1 What is a ledger?: 7.1.1 Division of Ledger Books
18811.9 Exercise
867.2 Utilities of Ledger
189Chapter 12. Financial Statements of Sole Proprietorship
877.3 Advantages of Ledger
19012.1 Financial Statement
887.4 Limitations of the ledger
19112.1.1 Capital Expenditure
897.5 Format of Ledger
19212.1.2 Revenue Expenditure
907.6 Posting
19312.1.3 Deferred Revenue Expenditure
917.6.1 Rules Regarding Posting
19412.1.4 Capital Receipt
927.6.2 Balancing
19512.1.5 Revenue Receipt
937.6.3 Solved examples
19612.1.6 Accounting Treatment
947.7 Exercise
19712.2 trading and profit and loss account
95Chapter 8. Special Purpose Book
19812.2.1 What is a Trading Account?
968.1 Objectives
19912.2.2 What is the Profit and Loss Account?
978.2 Cashbook
20012.3 Balance Sheet
988.2.1 What is Cashbook?
20112.4 Accounting treatments
998.2.2 Types of cashbook
20212.5 Exercise
1008.3 Purchase book
203Appendix
1018.4 Purchase Returns or Returns Outward Book
204Glossary
1028.4.1 Sample Format of Purchase Returns Book
205Index
1038.4.2 How to Post Entries from Purchase Returns Book into Ledger?
