Topics
Introduction to Book-Keeping and Accountancy
- Accounting
- Book-Keeping
- Accountancy
- Book-Keeping vs. Accountancy
- Basis (Methods) of Accounting System
- Qualitative Characteristics of Accounting Information
- Basic Terms in Accounting
- Transaction
- Capital and Drawings
- Debtors, Creditors and Bad Debts
- Expenditure and Its Types
- Discount and Its Types
- Solvent Person vs. Insolvent Person
- Accounting Year
- Trading Concerns vs. Not for Profit Concerns
- Concept of Goodwill
- Fundamentals of Business Earnings
- Concepts of Assets, Liabilities and Net Worth
- Accounting Principles
- Accounting Concepts
- Core Accounting Concepts
- Accounting Standards
Meaning and Fundamentals of Double Entry Book-Keeping
Journal
- Accounting Documents
- Goods and Service Tax(GST)
- Types of Accounting Documents
- Voucher
- Tax Invoice (Under GST)
- Credit Memo
- Receipt
- Cheque
- Types of Cheques
- Books of Accounts
- Books of Accounts > Journal
- Journal Entries
- Journal Entries > Goods Account
- Journal Entries > Recording Discount in Journal
- Journal Entries > Other Important Journal Entries
Ledger
Subsidiary Books
- Concept of Subsidiary Books
- Cash Book
- Cash Book > Simple Cash Book (Single Column Cash Book)
- Cash Book > Two Column Cash Book (With Cash and Bank Columns)
- Cash Book > Petty Cash Book
- Simple Petty Cash Book
- Analytical Petty Cash Book
- Purchase Book
- Purchase Return Book
- Sales Book
- Sales Return Book
- Journal Proper
Bank Reconciliation Statement
- Accounting Documents Used in Banking
- Accounting Documents Used in Banking
- Pay-in-Slip
- Withdrawal Slip
- Bank Pass Book
- Bank Statement
- Bank Advice
- Concept of Virtual Banking
- Bank Reconciliation Statement(BRS)
- Cash Book vs Pass Book : Causes of Differences
- Time Difference(Regarding BRS)
- Errors and Omission Made by Bank or Businessman
- Formats of BRS
- Preparation of BRS
- Cash Book and Pass Book Comparison for Common Period
- Cash Book and Pass Book Balances for Different Periods
- Bank Balance as per Cash Book (Favourable / Debit Balance)
- Bank Balance as per Pass Book (Favourable / Credit Balance)
- Overdraft as per Cash Book (Unfavourable / Credit Balance)
- Overdraft as per Pass Book (Unfavourable/Debit balance)
- Reconciliation of Debtors and Creditors
Depreciation
Rectification of Errors
Final Accounts of a Proprietary Concern
Single Entry System
- Concept of Single Entry System
- Single Entry System vs. Double Entry System
- Parts of Single Entry System
- Statements of Affairs
- Statement of Profit or Loss
- Statement of Profit or Loss > Net Worth Method
- Practical Problems on Single Entry System
- Definition: Accounting Documents Used in Banking
- Advantages and Disadvantages
- Real-Life Examples
Maharashtra State Board: Class 11
Definition : Accounting Documents Used in Banking
Accounting documents used in banking are papers or electronic records—like deposit slips, cheques, receipts, or bank statements—that show and prove payments, deposits, withdrawals, or transfers made in a bank.
Maharashtra State Board: Class 11
Advantages and Disadvantages
| Advantages | Disadvantages |
|---|---|
| Help keep track of all transactions | Can be hard to understand at first |
| Act as proof for payments and deposits | Paperwork or digital records may get lost |
| Protect against fraud and mistakes | Filling out forms takes time |
| Needed for solving disputes or questions | Mistakes can happen if you're not careful |
| Useful for audits and legal purposes | Sometimes confidential information is shared |
| Make planning and budgeting easier | May need banking or computer skills |
| Easy to check bank account history | Wrong details can cause payment problems |
Maharashtra State Board: Class 11
Real-Life Examples
| Document | Purpose | Real-Life Example |
|---|---|---|
| Pay-in-slip | To record and confirm money deposited | A person goes to the bank to deposit ₹5,000 cash into their own savings account and fills out a pay-in slip with their name, account number, date, and amount, then gives both the slip and the cash to the bank teller to complete the deposit. |
| Withdrawal slip | To request and track cash withdrawals | Filling out a slip at the bank to get cash from your account |
| Passbook | To maintain a record of all account transactions | Handing the passbook to the bank to update transaction details |
| Bank statement | To get a summary of all transactions in a period | Receiving a printed or emailed statement from the bank monthly/on request |
| Bank advice | To inform customers about a specific bank action | The bank is sending a letter/email about a new charge or fee |
Important Terms:
-
Bank teller: A bank teller is a person who works at a bank counter, helping customers deposit or withdraw money and handling other basic transactions.
-
Savings account: A savings account is a type of bank account where people keep their money and earn a small amount of interest on the balance.
