Notes on lesson on Book Keeping |

Book Keeping

Book Keeping


Introduction to Book Keeping and Accounting

Books of account and financial statement are the main sources of financial transaction. This note provides you with the introduction, meaning and definition of book keeping and accounting.

Basic Accounting Concepts or Principles

Accounting is concerned with the recording, classifying and summarizing the financial transactions to know the profitability and financial positions of a business. This note provides with the knowledge of basic accounting concepts or principles.

Accounting System (Single Entry System)

Different types of recording system were used for recording the financial transactions at that period. This note provides you with the introduction, classification, features, advantages and disadvantages of accounting system.

Accounting Terms

There are various terms used in accounting such as capital, cash, bank, cheque, debtors, creditors etc. This note has information about various terms of accounting.

Double Entry System

Double Entry system refers to such accounting system under which every financial transction is recorded into two separate account with equal amount to determine the true profit or loss and financial position of the business. This note provides the introduction, objectives, advantages and disadvantages of double entry system