To gain understanding and to provide working knowledge of accounting concepts, detailed procedures and documentation involved in financial accounting system.

So, you can refer to these books in case you require deeper and better understanding of related concepts. Unit 1: Preparation of Financial Statements for Profit ...

1 Books of accounts. (a) Property belonging to a person or a firm. 2 Book-keeping. (b) Inabilitytoclearfinancialobligations. 3 Goods. (c) Evidenceincourtoflaw ...

Companies must adopt financial year as their accounting year. ACCOUNTING SYSTEMS. The main systems of Financial Accounting are as under: (1) Cash system – In ...

125 6.5.1 Entries in Purchases Day Book/ Journal... ... 260 12.3 CASH BOOK AND BANK ... Basically, this book is the initial part of accounting and known as ' ...

(ii) Under this system, only one Cash Book is maintained which mixes up both the private and business transactions. (iii) Usually personal accounts are ...

General Profit and Loss Account, as prepared in. Q.5. B) Write short notes on any four of the following: 1. Manufacturing Account. Departmental Accounts. 3 ...

discuss in this book, the basic financial accounting ... In Unit 7 of this book, we will study the important equations and entries ... one page of bank pass book is ...

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This document provides information about a Financial Accounting 1 course taught by Mbu Javis Enow. The course is a first semester course worth 2 credit hours ...