Accounting as a subject is not new. It was in existence since times immemorial, albeit in a nascent form. The subject has evolved immensely with time. The subject has a lot of concepts now which has made it quite extensive and elaborate. Right from the basic principle of conservatism to the slightly complicated concepts, the subject has a lot to study and gain a command over the subject. The subject has a perfect blend of theory with practical concepts. The students need to have a lot of command in computation. There are many topics that are slightly convoluted and need a lot of focus and dedication to understand them properly.