Basics of Accounting

For CA Foundation Students Paper 1 Basics of Accounting [Principles and Practice of Accunting]

Topic Covered

-Framework of Accounting

- Conceptual Framework of Accounting in Detail

- Accounting Concepts, Conventions and Assumptions

- Benefits of Financial Statements

- Users of Financial Statements

- Process of Dual Aspect

- Accounting Equations

- Journal, Ledger, Trial balance.

- Bank R. Statements

- Rectification of Mistake

- Bills of Exchange, Accommodation Bills

- Inventory Valuation

- Depreciation Accounting

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