The aim of this module is to introduce the basic concepts of accounting. The Course begins with the definition of accounting, types of accounting, various steps in the double-entry system, preparation of journal entries, trial balances, and financial statements. The concept of capital and revenue expenditure, calculation of depreciation, and related accounting concepts will be discussed in this Course. LEARNING OUTCOMES Understand the process of Double Entry System Prepare the Journal Entries
The aim of this module is to introduce the basic concepts of accounting. The Course begins with the definition of accounting, types of accounting, various steps in the double-entry system, preparation of journal entries, trial balances, and financial statements. The concept of capital and revenue expenditure, calculation of depreciation, and related accounting concepts will be … Read more