1st PUC Accountancy is the introduction to Accounts to students, it has almost 23 chapters and begins with Introduction to Accounts. In this chapter, the student will get introduced to the word Accounts, what it means in real life scenario, what are its uses and how it will benefit in work and other places.
After the introduction, chapters such as Basic Accounting terms, Base of Accounting, IRFS , Accounting Equation, Cash and Accrual Bases of Accounting all such topics will continue. These topics will explain how Accounting functions and what are the guiding principles to be followed while practising accounts in Business.
Furthermore, topics like what are Journals, ledgers, Trial Balance, What do you mean by Depreciation, Bank reconcilation statements and other topics will follow. Here, the students will learn in detail on what is Debit and Credit transanctions, how posting happens in Journals, ledgers and what is the use of Trial Balance and so on.
Students can learn all the fundamentals of Accounts in 1st PUC level and since this is the base, if these are learnt properly and thoroughly, future higher studies in the field of Accountancy becomes easier.
Happy learning to all!