This course introduces concept, process, principles and system of book –keeping and accounting.
Financial Accounting and Accounting Standards.
Conceptual Framework Underlying Financial Accounting.
A Review of Accounting Process.
Journal entries and preparation of Cash Book and other books, Bank Reconciliation Statement.
Ledger Posting and preparation of Trial Balance
Capital and Revenue expenditure – Provision for bad and doubtful debts - Inventory Valuation
Preparation of Manufacturing Account, Trading Account, Profit and Loss Account and Balance Sheet and Work Sheet – Adjustment entries and closing entries.
Accounting for Incomplete Records
Bill of Exchange and Final Accounts of Non-Trading Concerns.
Partnership Accounts – Admission and retirement of Partners – Dissolution of partnership Firm
Acquisition and Disposition of Property, Plant, and Equipment
Current Liabilities and Contingencies