INTRODUCING TO ACCOUNTING (LESSON-1)

 CONTENTS 

1.0  Aims and Objectives

1.1  Introduction

1.2 Meaning and Definition of  Book  - Keeping

          1.2.1    Meaning

          1.2.2   Definition

          1.2.3  Objectives 

1.3  Accounting

             1.3.1    Meaning Of Accounting

             1.3.2    Definition Of Accounting

             1.3.3    Objectives of Accounting

             1.3.4    Importance of Accounting

             1.3.5    Functions of Accounting

             1.3.6    Advantages of Accounting

             1.3.7   Limitation of Accounting

1.4  Methods of Accounting

             1.4.1  Single Entry

             1.4.2  Double Entry

             1.4.3  Steps involved in double entry system

             1.4.4  Advantages of double entry system

1.5  Meaning of Debit and Credit

1.6  Types of Accounts and its rules

            1.6.1  Personal Accounts

            1.6.2  Real Accounts

            1.6.3  Normal Accounts

1.7  Distinction between Book Keeping and Accounting

1.8  Branches of Accounting

             1.8.1  Financial Accounting

             1.8.2  Cost Accounting

             1.8.3  Management Accounting

 1.9  Let us Sum Up

1.10  Lesson - End Activities

1.11  Check Your Progress

1.12  Points for Discussion

1.13  References