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Class 9 Elements of Book Keeping and Accountancy

7 Chapters

Class 9


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.

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Introduction to Book Keeping and AccountingAccounting Equation EffectsNature of Accounts and Rules of Debit and CreditJournalLedgerRecording and Posting of Cash TransactionsTrial Balance

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Chapter 1 : Introduction to Book Keeping and Accounting

For management to make decisions about the future of the firm they require relevant financial information. This is where accounting steps in. It is the language of business that records summarizes and analyzes all transactions and events of a firm. Let us learn more about the meaning and scope of accounting.

Important topic links

Need, Importance and Advantages of AccountingObjectives of Accounting

Chapter 3 : Nature of Accounts and Rules of Debit and Credit

The theoretical framework of Accounting refers to the set of frameworks, methods and assumptions used in the study and application of accounts in financial situations.

Important topic links

Understand the Classification of accountsExplain the rules of debit and creditPrepare the accounting vouchers with the help of supporting documents

Chapter 4 : Journal

In any business or organization, there are always many daily transactions. They may range from a handful to thousands in a day. So there is a separate book to keep track of the receipts and payments. Let us learn more about the different Books of Prime Entry.

Important topic links

Understand the need for journalDevelop the understanding of recording of transactions in journal

Chapter 7 : Trial Balance

When using the Double Entry System of Accounting at the end of the year, the firm prepares a bookkeeping worksheet of all the debit and credit balances of all ledgers. This is a trial balance statement, a summary of the closing balances of all accounts. Let's learn more about its features, preparation and significance.

Important topic links

State the need and objective of preparing trial balanceDevelop the skill of preparing trial balance by balance method