lokmanya tilak college account subject lessons name b com 1 year?

<p>Many important lessons in Account subject of B.Com first year are taught in Lokmanya Tilak College. These include an introduction to the basic principles of accounting. The use of journals and ledgers is taught to record transactions. Checking accounts is taught through trial balance. Profit and loss account helps in explaining the financial results of the business. The balance sheet presents a statement of financial position. Cash book teaches how to record cash transactions. Depreciation accounting explains the process of reducing the value of assets. Partnership accounting emphasizes special accounting procedures for partnerships.</p>

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