What accounting is, the accounting cycle, and why it matters for any business.
Assets, liabilities, capital, debtors, creditors, revenue, expenses — defined clearly.
Assets = Liabilities + Capital — the foundation of double-entry bookkeeping.
Going concern, consistency, prudence, accrual — the rules every accountant follows.
Golden rules for real, personal, and nominal accounts with worked examples.
How to record any transaction in the journal with narrations and examples.
Transferring journal entries to ledger accounts and balancing them correctly.
Which method suits your business? Differences, GST impact, and when to switch.
Purchase book, sales book, returns books — the specialist journals explained.
Single, double, triple column and petty cash book — every format with examples.
Preparing the trial balance, common errors, and why it doesn't guarantee accuracy.
Trading account, P&L, and balance sheet — how to prepare and read them.