Accounting basics · free

Accounting, explained simply — with worked examples.

Everything a commerce student, B.Com learner or CA-Foundation aspirant needs — from double entry to the balance sheet — each concept in plain English with a real worked example. Written by Chartered Accountants.

Reviewed July 2026
CA Anil Agarwal & the TatvaBooks team

Foundations

Double Entry System → 3 Golden Rules of Accounting → Types of Accounts → Debit and Credit Rules → Accounting Equation → Accounting Concepts & Conventions → Accounting Cycle → Accrual vs Cash Basis → Capital vs Revenue Expenditure →

Books of accounts

Journal Entries → Ledger → Subsidiary Books → Cash Book → Petty Cash Book → Contra Entry →

Closing the books

Trial Balance → Bank Reconciliation Statement → Adjusting Entries → Rectification of Errors → Suspense Account →

Final accounts

Trading Account → Profit & Loss Account → Balance Sheet → Final Accounts (all three, together) →

Adjustments & special topics

Depreciation (SLM & WDV) → Provisions vs Reserves → Bad Debts & Provision for Doubtful Debts → GST Accounting Entries →

Looking for something more advanced? See audit, Ind AS, company law or all CA resources.

See these concepts in a real product.

TatvaBooks handles the double entry, the ledger posting and the final accounts for you — GST-correct, always.

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