Overview – Financial Accounting-Meaning & Accounting Process A ‘Self Study Theory book’ with Quick Revision through Multiple Choice Questions followed by individual answers and specific explanations for each answer. The book adopts a fresh and unique approach for the beginners to the study and grasp the meaning and process of Accounting. It highlights an insight step-wise procedural details to the students, entrepreneurs, professionals and business persons. It has been written in a simple language with ‘Teach Yourself Style’ strictly following a student-friendly approach, and is essential meant to serve as a Tutor at Home. It has fully solved scanner containing 18 Chapter divided into120 Sections with about 500 Headings for individual paragraphs, and more than 1500 solved MCQ’s with rationales along with Answers. TABLE OF CONTENTS 1. Meaning & Scope of Accounting 2. Accounting Concepts, Principles & Conventions 3. Documents & Books of Accounts: Invoice, Vouchers, Debit &Credit Notes. 4. Process of Accounting 5. Classification of Accounts 6. Concepts of Debit & Credit 7.Accounting equation 8. Day Books-Journals 9. Subsidiary books-Purchase, Sales & Returns 10. Cash Books 11. Ledger 12. Trial Balance 13. Capital & Revenue Expenditure and Receipts 14, Contingent Assets and Contingent Liabilities 15. Errors & Rectification of Errors 16. Bank Reconciliation Statements 17. Depreciation Accounting 18. Final Accounts of Sole Proprietor
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