Purpose of this section “Bookkeeping” is to explain the concept of bookkeeping and its importance for the success of businesses. Some basic concepts linked with bookkeeping such as journal entries and general ledger, T-accounts, double-entry accounting system, accrual concept etc. have been explained in previous sections. In this section, we’ll broadly discuss the concept of bookkeeping and remaining areas of bookkeeping which are not covered in previous sections.

Following chapters are included in this section:

  1. Introduction to bookkeeping
  2. Supporting documentation
  3. Chart of accounts
  4. Sample chart of accounts
  5. Capital expenditure and revenue expenditure
  6. General ledgers and subsidiary ledgers
  7. Reconciliations
  8. Suspense account