This is a free textbook for Higher Secondary First Year students in Tamil Nadu, India. It provides a foundational understanding of accountancy principles and practices. The book begins with an introduction to accounting, covering its evolution, meaning, objectives, and basic terminologies. It then explains the conceptual framework, including book-keeping, accounting principles, and standards.…
This is a free textbook published by the Government of Tamil Nadu for Higher Secondary First Year students. It is part of the Free Textbook Programme of the Department of School Education and aims to provide a basic understanding of accountancy.
The book contains 14 units. The first unit introduces accounting, covering its evolution, meaning, objectives, functions, and importance. It also defines basic accounting terminologies and branches of accounting.
Unit 2 covers the conceptual framework, including book-keeping versus accounting, accounting principles, and standards such as AS and IFRS. Unit 3 explains books of prime entry, source documents, the double entry system, and journal entries.
Units 4 and 5 cover the ledger and trial balance, including their formats, procedures for posting, and methods of preparation. Unit 6 and 7 detail subsidiary books, such as purchases, sales, cash books, and bills of exchange.
Unit 8 focuses on the bank reconciliation statement, explaining reasons for differences between cash book and bank statement. The book also includes QR codes for digital content, a glossary, and self-examination questions.