HomeFinacial Accounting

CHAPTER 1

INTRODUCTION

In this chapter, we will learn the concept, usage, and history of accounting. This chapter is divided into the following subsections;

1. What is Accounting?
2. The Accounting Process
3. Other characteristics of Accounting 
4. The Role of Accounting in organizations
5. Quiz

CHAPTER 2

ACCOUNTING EQUATION AND DOUBLE ENTRY

This chapter will describe some basic concepts and recording procedures. This chapter is divided into the following subsections;

1. Underlying Accounting Concepts
2. Accounting Equation 
3. A startup business worked out Example
4. The Debit and Credit Rule
5. Capital and revenue expenditure
6. Recording goods-special considerations 
7. Quiz

CHAPTER 3

ACCOUNTING RECORDS

In this chapter, we will learn a few types of Accounting records in which accounting information is recorded. This chapter is divided into the following subsections;

1. Vouchers
2. Accounting Journals/ Daybooks
   1. Sales Journals
   2. Purchase Journals
   3. Return Journals
   4. Cashbook
   5. General Journal
3. Control Account
4. Ledgers