notes-shivam

SYLLABUS

2 min read

Unit 1

  1. Need for Accounting
  2. Meaning and definition of book keeping, System of Book keeping.
  3. Financial Accounting definition, Scope and objectives
  4. Financial Accounting v/s Book Keeping, Limitations of Financial Accounting.
  5. End users of financial statements.

Accounting principles:

  1. Accounting Concepts and Conventions
  2. Branches of accounting
  3. concept of bad debts
  4. Depreciation, methods of depreciation, fixed, reducing etc

UNIT 2

  1. Journal-importance and utility
  2. classification of accounts
  3. journalizing of transactions.
  4. Ledger- meaning and utility, posting of journal entries to the ledgers
  5. closing the ledger accounts
  6. Examples on journal entries of transactions and posting them to ledgers
  8. Trial Balance - meaning and purpose
  9. Preparation of Trial Balance from ledger accounts .

UNIT 3

  1. Simple Cash book
  2. Cash Book with two columns
  3. Cashbook with three columns
  4. Petty Cash Book
  5. Purchase book, Sales book
  6. Purchase Return book , Sales return book
  7. Trial Balance - meaning and purpose, Preparation of Trial Balance from ledger accounts

UNIT 4

  1. Meaning of final account
  2. Need to prepare final account
  3. Uses of Final account
  4. Preparation of Final account of Sole Proprietorship
  5. Trading and Profit, Loss Account
  6. Balance Sheet of sole proprietary business with given adjustments.

UNT 5

  1. Need of accounting software
  2. features of accounting packages
  3. introduction to Tally package
  4. various books maintained in Tally accounting package
  5. atomized effect of one transaction in various books of accounting through accounting package.

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