Class Notes on Professional Ethics – Unit V (3rd Sem / 3 year LL.B)

Accountancy for lawyers

Need for maintenance of accounts

Books of accounts that need to be maintained

Cash Book, Journal and Ledger

Elementary aspects of bookkeeping

Meaning

object

Journal

Double entry system

Closing of accounts

The cash and bulk transaction

The Cash book

Journal proper especially with reference to client’s accounts

Ledger

Trial balance and final accounts

Commercial mathematics