FYBCOM Sem 2 Accounts Book
FYBCom (First Year Bachelor of Commerce), the accounting book generally covers the fundamentals of financial accounting and introduces students to basic accounting principles, concepts, and practices.
The book starts with an introduction to accounting, explaining its importance, objectives, and the role it plays in business operations. It covers fundamental accounting principles such as the accrual concept, matching principle, consistency principle, materiality principle, and others. It also explains basic accounting concepts like money measurement, going concern, accounting period, etc.
The book explains how to record various business transactions using the double-entry system of accounting. It covers journal entries, ledger posting, trial balance, and rectification of errors.