Accounting – Meaning, Scope and Significance of Accounting – Accounting Principles ,Concepts and Conventions – Capital and Revenue Transactions Depreciation –Rectification of Errors.
2. Accounting for Special Transactions
Bill of Exchange – Consignment – Joint Venture – Insurance Claims (Loss of Stock and Loss of Profit).
SECTION B: PREPARATION OF FINANCIAL STATEMENTS [40 MARKS] 3. Preparation of Final Accounts of Profit Oriented Organizations, Non- Profit Organizations and from Incomplete Records
Preparation of Financial Statements of Profit Oriented organizations: P&L Account, Balance Sheet.
Preparation of Financial Statements of Non-Profit making organizations: Preparaton of Receipts & Payments Account, Income & Expenditure Account and Balance Sheet.
Preparation of Financial Statements from Incomplete records (Single Entry)
4. Partnership Accounts
Admission, Retirement, Death, Treatment of Joint Life Policy, Dissolution of partnership firms including piece meal distribution, Amalgamation of partnership firms, Conversion of partnership firm into a company and sale of partnership firm to a company.
SECTION C : SELF BALANCING LEDGERS, ROYALTIES, HIRE PURCHASE & INSTALLMENT SYSTEM, BRANCH & DEPARTMENTAL ACCOUNTS [20 MARKS] 5. Self-Balancing Ledger 6. Royalty Accounts, Hire Purchase and Installment System 7. Branch and Departmental Accounts
SECTION D: ACCOUNTING IN COMPUTERIZED ENVIRONMENT AND ACCOUNTING STANDARDS [15 MARKS] 8. Computerized Accounting System – Features, Significance, Grouping of Accounts, Ledger hierarchy, Accounting Packages and their selection criteria 9. Accounting Standards (AS-1, AS-2, AS-7, AS-9, AS-6 and AS-10 has been replaced by revised AS - 10)