Topics: Accounting Concepts, ACCOUNTING EQUATION, Accounting Entity, Prime books, Prime Books, Ledger, Journal, Ledger entries, Ledger Account Balances, balancing of Accounts, Trial Balance, Auditor‟s responsibilities, AUDITING ENVIRONMENT, Auditor‟s negligence, Auditing, COST ACCOUNTING, Cashflow Statement, Financial ratios, Liquidity ratios, Profitability ratios, Accruals, prepayments, Petty Cash Book, Cash Book