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SYLLABUS
Unit–I
Accounting process
Financial Accounting: Introduction – Definition – Evolution – Functions - Advantages and Limitations– Users of Accounting Information- Branches of Accounting – Accounting Principles: Concepts and Conventions- Accounting Standards - Meaning – Importance – List of Accounting Standards issued by ASB – Accounting System- Types of Accounts – Accounting Cycle - Journal – Ledger and Trial Balance. (Including problems)
Unit–II
Subsidiary Books
Meaning – Types - Purchases Book - Purchases Returns Book - Sales Book - Sales Returns Book -Bills Receivable Book - Bills Payable Book – Cash Book - Single Column, Two Column, Three Column and Petty Cash Book - Journal Proper. (Including problems)
Unit–III
Bank Reconciliation Statement
Meaning – Need - Reasons for differences between cash book and pass book balances – Favourable and over draft balances – Ascertainment of correct cash book balance (Amended Cash Book) - Preparation of Bank Reconciliation Statement. (Including problems)
Unit–IV
Rectification of Errors and Depreciation
Capital and Revenue Expenditure – Capital and Revenue Receipts: Meaning and Differences - Differed Revenue Expenditure. Errors and their Rectification: Types of Errors - Suspense Account – Effect of Errors on Profit. (Including problems) Depreciation (AS-6): Meaning – Causes – Difference between Depreciation, Amortization and Depletion
- Objectives of providing for depreciation – Factors affecting depreciation – Accounting Treatment –Methods of depreciation: Straight Line Method - Diminishing Balance Method (Including problems)
Unit–V
Final Accounts
Final Accounts of Sole Trader: Meaning - Uses - Preparation of Manufacturing, Trading and Profit & Loss Account and Balance Sheet – Adjustments – Closing Entries. (Including problems)
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CategoriesArts and Science
Format PDF
TypeeBook