Foundation of accounting principles including Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, and Dual Aspect concepts.

The fundamental equation that forms the backbone of double-entry bookkeeping. Learn how every transaction maintains balance between assets, liabilities, and capital.

Learn about original documents that serve as evidence for business transactions including invoices, cash memos, receipts, debit notes, credit notes, and vouchers.

Master the art of recording transactions chronologically. Learn journal entry formats, narration writing, compound entries, and the rules of debit and credit.

The principal book of accounts where all transactions are classified account-wise. Learn posting techniques, T-accounts, and how to balance ledger accounts correctly.

Special journal for recording all cash and bank transactions. Master single-column, double-column (cash + bank), and triple-column (cash + bank + discount) formats.

A statement to check arithmetic accuracy of ledger accounts. Learn balance method, total method, types of errors revealed and not revealed by trial balance.

Systematic allocation of the cost of fixed assets. Learn Straight Line Method (SLM), Written Down Value (WDV), asset disposal, and depreciation accounting entries.

Reconcile differences between cash book and bank statement. Learn causes of disagreement, cheques in transit, direct debits/credits, and BRS preparation methods.

Learn to identify and correct accounting errors. Understand one-sided, two-sided errors, suspense accounts, and rectification entries before and after closing.

Goods and Services Tax accounting in India. Learn Input Tax Credit, Output Tax, CGST, SGST, IGST, inter-state vs intra-state transactions, and GST journal entries.

Prepare financial statements from trial balance. Learn Trading Account (Gross Profit), Profit & Loss Account (Net Profit), and Balance Sheet preparation with adjustments.