Unit-I : Introduction – need for accounting – definition of Accounting – scopes of accounting – book – keeping and accounting- Branches of Accounting – advantages and limitations – basic Accounting concepts and conventions- Accounting process – Journalizing – Classification of Accounts – interpretation of balances on ledger Accounts – Preparation of trial balance.

Unit-II : Practical system of book-keeping – subsidiary books – cash book – types – banking transactions - posting from cash book – petty cash book – impress system purchases book - sales book – returns in word book – returns outward book bills receivable book – bills payable book – journal proper .

Unit – III : Final accounts of sole trader – trial balance – capital and revenue expenditure and receipts – accounting concepts and conventions relating to final accounts - trading accounts , manufacturing accounts , profit and loss account and balance sheet – adjusting and closing entries.

Suggested reading :

1. An introduction to accountancy – T.S. Grewal
2. An introduction to accountancy – S.N. Maheswari.