FUNDAMENTALS OF ACCOUNTING

To familiarize the students with the basic accounting principles and practices in business.

• MODULE I
  Accounting – Introduction- meaning- Book keeping and Accounting –Objectives of Accounting - Accounting Principles- Concepts and Conventions- Double Entry System- Books of Accounts- Accounting Equation- Golden Rule of Accounting ( 15 Hours)
• MODULE II
  Journal- Meaning – Journalising- Journal Entry- Simple and Compound Entries- opening Entry . (15 Hours)
• MODULE III
  Ledger - Form of an Account -Posting - Balancing of Accounts-Subdivision of JournalsPurchase book- Sales Book - Cash book (simple, triple column)-Petty Cash book. (22 Hours)
• MODULE V
  Trial Balance - Meaning - Objects-Preparation- (8 Hours)
  
• MODULE V
  Final Accounts-Trading and Profit and Loss Account- Balance Sheet 60 (without adjustments) (12 Hours)