Introduction
  • Introduction to Accounting
  • Accounting terminology
  • Transaction
  • Types of accounts and the accounting cycle
  • Basics of Accounting
Accounting cycle
  • How to enter a transaction in a journal
  • How to post journal entries in a ledger
Solving an exercise problem
  • Problem statement and journal entry
  • Posting in the ledger using the journal entry
  • Closing the accounts
  • Trial balance
  • Ledger
Subsidiary Books
  • Subdivisions of Journal
  • Entering in Purchases book and Sales book and posting in the Ledger
  • Subdivisions of Journal
  • Recording in the books:Exercise Problem
Rectification of errors
  • Introduction
  • Types
  • Rectification of errors
Conclusion
  • Key points to remember