Basic accounting concepts & convention; accounting process, balance sheet equation, golden rules of accounting, books of accounts; journal, ledger, subsidiary books, cash & bank books, reconciliation statements, preparation of final accounts; trial balance and adjustments, accounting period, matching revenue and expenses, realization vs accrual principle, depreciation & inventory valuation methods, formats & items of balance sheet and P & L accounts, study of annual reports of company; study of company balance sheet,P&L statement, cash flow statement, auditors report.