Fundamental accounting assumptions: GAAP: Concept

System of Accounting. Basis of Accounting: cash basis and accrual basis

Accounting Standards: Applicability of Accounting Standards (AS) and Indian Accounting Standards (Ind AS)

Goods and Services Tax (GST): Characteristics and Advantages

Voucher and Transactions

Recording of Transactions: Books of Original Entry- Journal

Special Purpose books – Cash Book

Special Purpose books – II

Ledger: Format, Posting from journal and subsidiary books, Balancing of accounts

Need and preparation, Bank Reconciliation Statement

Depreciation: Meaning, Features, Need, Causes, factors

Other similar terms: Depletion and Amortization

Methods of Depreciation

Charging to asset account & Creating provision for Depreciation