In India , commerce students have to study different subjects of accounting like financial , cost and management accounting . Bachelor of Commerce (B.Com. ) basically concentrates on accounting subjects. Accounting subjects needs strong holding on the basic fundamentals also . Understanding every step of accounting question is very necessary for commerce students . In the beginning commerce students should solve only simple accounting questions . Examples of accounting books are also important part of learn accounting basics .So not read but also solve examples of accounting subjects. After solving this , compare with the solution and analysis your weak points .
Cost and management accounting are very important for decision making , because we compare the benefits and cost of certain business activity . Do not ignore basic rules of ascertain the cost . So be careful in cost accounting specially . Without understanding of theory of accounting , it is not possible to solve practical sums of accounting .
Do or not Do →
- Read every topic of accounting of commerce and see its business utilisation also .
- Do not create you limit up to one book , read many books of library and use also different update financial online article like Online accounting journal or others .
- See also financial reports and statements of different Companies regularly .
- In practical questions of accounting , see every step before solving them .