AN ACCOUNTING BOOK-ACCOUNTING FOR BEGINNERS.

ACCOUNTING FOR BEGINNERS
Principles of Accounting
Meaning of Accounting
Features of Accounting
Objectives of Accounting
Limitations of Accounting
Branches of Accounting
—Financial Accounting
—-Cost Accounting
—-Managerial Accounting
What is Book-Keeping?
What is Accounting?
What is Accountancy?
Systems of Accounting
—Double Entry System
—Single Entry System
BASIC ACCOUNTING TERMS
–Business Transaction
–Capital
–Drawings
–Assets
–Liabilities
–Expenses
–Income
–Profit
–Sales
–Returns
–Discounts
–Purchases
–Inventory
–Payables
–Bad Debts
–Receivables
ACCOUNTING EQUATION
—Meaning of Accounting Equation
—Effect of Transactions on Accounting Equation
—Transactions Affecting Two Items
—Transactions Affecting More Than Two Items
—Practical Part of Accounting Equation with Examples