Description

Intermediate First Year Accountancy is a core textbook prescribed by the Board of Intermediate Education, Andhra Pradesh and published by Telugu Akademi, Andhra Pradesh. It is designed for commerce stream students in their first year of intermediate studies. The book introduces the fundamentals of accounting in a clear and simple style. It explains concepts such as the rules of debit and credit, journal entries, and ledger posting. Students also learn how to prepare a trial balance, manage subsidiary books, and correct errors in accounts. In addition, the textbook covers the preparation of trading accounts, profit and loss accounts, and balance sheets. Each chapter includes solved examples, step-by-step methods, and practice exercises to strengthen understanding.