Basics of Accounting - A collection of Basic Accounting Terms, Concepts & Practise Questions

It is an excellent handbook on the basics of Accounting. This handbook is a collection of Basic Accounting Terms, Concepts & Practice Questions. It is equally helpful for those who started studying accounting and for the current students and teachers of all accounting and business courses.
Topics Covered:
1.1 Definition of accounting
Users of accounting
Definition of accounting
1.2 Terms used in accounting
2.1 Definition of double entry system
2.2 The accounting equation
2.3 Rules for debit and credit
2.4 The ledger
3.1 Important documents used in accounting
3.2 Definition of revenue
3.3 Definition of expense
4.1 Books of original entry and ledgers
Types of books of original entry
4.2 Sales journal/ Sales day book
4.3 Purchase journal/ Purchases day book
4.4 Returns inwards journal/Sales returns day book
4.5 Returns outwards journal/ Purchases returns day book
4.6 Cash book
4.7 The general journal/ Journal proper
5.1 Bank reconciliation statement
6.1 The trial balance
6.2 Capital and revenue expenditure
7.1 The final accounts of a sole trader
7.2 Trading and profit & loss account
7.3 The balance sheet