Course Objective
The objective of this paper is to acquaint students with basics of Book-keeping and Accountancy.
Introduction: Meaning, Definition, Scope and objectives, Book-Keeping and Accounting, Basic Accounting terms, Generally Accepted Accounting Principles (GAAP)
Accounting Equation, Double entry system,Books of original entry: Journal and subsidiary books
Ledger and Trial Balance
Errors and their rectification, Bank Reconciliation Statement
Classification of Capital and Revenue items,
Final Accounts: Without adjustments
Suggested Readings: • Book-Keeping and Accountancy, Jain Khandelwal and Pareek • Elements of Accounts, T S Grewal • Accountancy, DK Goel, Rajesh Goel, Shelly Goel, Arya Publications • Fundamentals of Accounting-I, Jain Khandelwal and Pareek