Introduction Definitions Difference between Bookkeeping and Accounting Cost Accounting Management Accounting ACCOUNTING CYCLE Reliability Prudence BASIC ACCOUNTING TERMS Goods/Services Profit Loss Asset Current Liabilities Working Capital Drawings Debtor Creditor Profit and Loss Account or Income Statement Voucher TYPES OF ACCOUNTS Preparation of Trial Balance Closing Stock Opening Entries Closing Entries Differences between Cash Book and Pass Book Rules of Addition and Subtraction Job Costing Batch Costing Contract Costing COST STATEMENTS