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Basic Accounting Concepts
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Journal and Ledger
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Trial Balance
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Bank Reconciliation Statement
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Capital and Revenue Expenditure and Income
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Rectification of Errors
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Depreciation
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Provisions and Reserves
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Bills of Exchange
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Final Accounts
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Non Trading Organisation
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Single Entry System
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Introduction to the Use of Computers in Accounting
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Computerised Accounting System
Bills of Exchange
Honour of a Bill
- Bills of exchange is an instrument in writing, containing an unconditional order signed by the maker, directing a certain person to pay a certain sum of money, only to or to the order of certain person or to the bearer of the instrument.
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Dishonour of a Bill
- When the Drawee fails to make the payment on the date of maturity of the bill it is called dishonour of bill.
- Under dishonour of bill, the liability of the acceptor is restored. So the entries made on the receipt of the bill sh
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