Introduction to Book Keeping and Accounting

Elements of Book Keeping and Accountancy

Accounting Equation Effects

Nature of Accounts and Rules of Debit and Credit

Journal

Ledger

Recording and Posting of Cash Transactions

Trial Balance

Class 9 Elements of Book Keeping and Accountancy helps students learn a great deal about accountancy in detail. It starts with Unit 1 which is about Introduction to Book Keeping and Accounting. This will help students learn about the need for bookkeeping and understand its objectives and advantages. Next, there is Accounting Equation Effects which will teach students about significance of business entity concept and the concept of accounting equation plus the meaning and objectives of the same. After that, we have Nature of Accounts and Rules of Debit and Credit giving knowledge about classification of accounts, rules of debit and credit. Further, the chapter of Journal is responsible for explaining the need for journal and recording of transactions in the journal. It also explains the significance of preparing subsidiary books. There is another unit of Ledger which will discuss its concept and importance in the process of accounting. After that, it explains the relationship between a journal and a ledger. Next, the unit of Recording and Posting of Cash Transactions will teach them about the purpose of maintaining a cash book and how to prepare the format of different types of cash books. It also helps them understand the concept of the imprest system and the skills to maintain a cash boom in this system. Finally, Trial Balance will state the need for preparing it and skills how to prepare it. 
