“Fundamentals of Accounting” is the first paper of CAP I. In examination, 100 marks out of which 50 are objective i.e. MCQ and 50 marks from subjective questions are asked. This note is prepared being exam orientated. This note tries to cover all the required concepts for CAP-I. During the preparation leave you definitely need summarized notes to help you crack the examination and revise all the concepts. That’s exactly what this note provides.