CBSE Class 9 Elements of Book keeping and Accountancy Notes

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CBSE Class 9 Elements of Book keeping and Accountancy Topics

Unit 1: Introduction to Book keeping and Accounting	Unit 2: Accounting Equation Effects
Unit 3: Nature of Accounts and Rules of Debit and Credit	Unit 4: Journal
Unit 5: Ledger	Unit 6: Recording and Posting of Cash Transactions
Unit 7: Trial Balance
Practice Test Paper 1	Practice Test Paper 2

Unit 1: Introduction to Book keeping and Accounting

Content:
Introduction to Book keeping and Accounting
Need, objectives, advantages

Learning Outcomes:
Identifying the need for Book Keeping
Understanding the objectives of Book Keeping
Understanding the advantages of Book Keeping
Meaning, objectives and advantages of Book Keeping


Unit 2: Accounting Equation Effects

Content: Business Entity Concept
Dual Aspect of the Transaction and the Accounting Equation
Effect of Transactions on Accounting Equation

Learning Outcomes:
Appreciating the importance of Business Entity concept
Understanding the concept of accounting equation
Getting to understand that every transaction affects accounting equation


Unit 3: Nature of Accounts and Rules of Debit and Credit

Content:
Nature of Accounts and Rules of Debit and Credit
Classification of Accounts, rules of debit and credit
Preparation of accounting vouchers and supporting documents
Bills, Cash Memo, Debit Note, Credit note

Learning Outcomes:
Understanding of classification of accounts
Rules of debit and credit
Application of the rules of debit and credit
Preparation of accounting vouchers with the help of supporting documents


Unit 4: Journal

Content:
Need for journal and journal entries
Subsidiary Books – Cash Book, Purchase Book, Sales book, Purchase Return Book, Sales Return Book
and Journal Proper

Learning Outcomes:
Understanding the need for journal
Developing the skill of recording of transactions in journal


Unit 5: Ledger

Content:
Definition and importance of Ledger
Difference between journal and ledger
Meaning of Posting – rules and procedure of posting transactions from journal to ledger
Balancing of Accounts

Learning Outcomes:
Concept of ledger and its importance in accounting process
Relationship between journal and ledger
Understanding the process of posting transactions and balancing accounts
Ledger posting clarified
Procedure of ledger Posting


Unit 6: Recording and Posting of Cash Transactions

Content:
Recording and posting of cash transactions
Necessity of Cash Book and its preparation
Simple Cash Book and Cash Book with Cash and Discount columns
Petty Cash Book and Imprest system

Learning Outcomes:
Understanding the purpose of maintaining a Cash Book
Developing the skill of formatting different types of Cash Book
Understanding the method of recording  cash transactions in simple cash book,
cash book with cash and discount columns and petty cash book
Understanding the concept of Imprest System
Developing the skill of maintaining petty cash book on imprest system


Unit 7: Trial Balance

Content:
Purpose of preparing Trial Balance
Process of preparing Trial Balance

Learning Outcome:
Understanding the need and objective of preparing Trial Balance
Developing the skill of preparing Trial Balance by balance method

Practice Papers:

Class 9 Book keeping and Accountancy Test Paper 1
Class 9 Book keeping and Accountancy Test Paper 2

Frequency Asked Questions (FAQs) on CBSE Class 9 Elements of Book keeping and Accountancy Notes