This book explores bookkeeping in-depth and also introduces the reader to the discipline of accounting. Key definitions, concepts and methods are presented. Solved examples, questions and answers have also been provided in this text.
Book-keeping is a simply recording and classifying business transactions in a systematic way. Accounting is a wider term and includes preparation of financial statements their analysis and interpretation. Thus, accounting consists of creation of financial information and its use.
Chapter 1: Introduction of Book Keeping and Accounting
Chapter 2: Recording and Posting of Transactions
Chapter 3: Bank Reconciliation Statement and Bills of Exchange
Chapter 4: Stock Valuation, Depreciation and Final Accounts
Chapter 5: Issue and Redemption of Shares and Debentures