Accounting: Need of accounting –Definition-Book Keeping-Objective of accounting-Advantages-Limitations -Difference between Single Entry and Double Entry - Accounting concepts and conventions. Journal: Meaning-Definition-Transaction analysis for journal entries-Ledger: Meaning-Posting of journal and ledger-Balancing of Ledger accounts.

Trial balance: Meaning-Definition-Objective-Methods of preparation. Subsidiary books: Meaning-Benefits-Preparation of Individual Subsidiary Books: Purchase Return Book, Sales Return Book, cash book with single column and petty cash book.

Final accounts: Introduction-Trading accounts-Profit & Loss Account-Balance sheet- Problems with simple adjustments

Cost Accounting: Definition of cost-Costing, Cost Accounting and cost Accountancy-Scope and objectives of cost Accounting- Cost accounting Vs Financial Accounting-Difference between Cost Accounting and Financial Accounting-Essential of good costing system-Elements of cost - Cost sheet: Purposes of cost sheet-Specimen of cost sheet- Preparation of cost sheet.

Meaning And Definitions-Objectives-Distinction Between Cost Audit And Financial Audit,Advantages-Social Audit - Its Objectives & Approaches