Introduction to Book Keeping and Accountancy

1. Book keeping
2. Process of book keeping
3. Accountancy
4. Difference between book keeping and accountancy
5. Accounting as science and art
6. Objective of book keeping and accountancy
7. Advantages of book keeping and accountancy
8. Basic accounting terminology

Basic Accounting Concepts

1. Meaning of gaap
2. Business entity concept
3. Money measurement concept
4. Going concern concept
5. Accounting period concept
6. Dual aspects concept
7. Double entry system characteristics advantages disadvantages

Documents and Accounting Equation

1. Origin of transaction
2. Source documents or vouchers
3. Accounting voucher and its types
4. Accounting equation
5. Analysis of transactions
6. Computation classification of transactions

Rules of Debit and Credit Journal

1. The concept of debit and credit
2. Definition of debit and credit
3. Books of original entry
4. Rules of debit and credit accounting equation approach modern American approach
5. Traditional rules of debit and credit English approach

Non Cash Transactions Subsidiary Books

1. Subsidiary books or sub division of journal
2. Classification cash transactions
3. Special journal
4. Journal proper or general journal
5. Opening and closing journal entries

Ledger Accounts

1. Balancing of ledger accounts
2. Classification of ledger accounts
3. Distinction between journal and ledger
4. Importance or advantages of ledger accounts
5. Ledger posting from cash book
6. Ledger posting from journal entries
7. Ledger posting from purchases book
8. Ledger posting from sales book
9. Meaning of ledger accounts
10. Summary of rules of posting form subsidiary books
11. Theoretical questions on ledger accounts

Trial Balance

1. Meaning of trial balance
2. Special features of trial balance
3. Limitations of trial balance
4. Methods of preparing trial balance
5. List of important accounts and balances

Final Accounts (without Adjustments)

1. Balance sheet in final accounts without adjustments
2. Difference between profit and loss accounts and balance sheet
3. Features or characteristics balance sheet
4. Limitations of final accounts or financial statements
5. Meaning of financial statements or final accounts
6. Need or importance and purpose of trading account
7. Need or purpose and importance of profit and loss account
8. Performa of balance sheet
9. Performa profit loss account
10. Performa of trading account
11. Points to be considered before creating balance sheet
12. Profit and loss account final accounts without adjustments
13. Trading account final accounts without adjustments

Final Accounts (with Simple Adjustments)

1. Adjustments additional information in preparation of final accounts
2. Depreciation in the value of assets
3. Appreciation in the value of assets
4. Outstanding expenses
5. Prepaid expenses
6. Accrued or outstanding expenses
7. Unearned income
8. Interest on capital
9. Interest on drawings
10. Interest and dividend on investment
11. Interest on loan
12. Bad debts not in adjustment
13. Provision for bad and doubtful debt adjustment
14. Further bad debts adjustment
15. Provision for bad and doubtful debts given in the trial balance
16. Provision for discount on debtors
17. Closing stock
18. Summarized presentation of adjustments
19. Theoretical questions final account

Bank Reconciliation Statement and Three Column Cash Book

1. Meaning of bank reconciliation statements
2. Need and importance of bank reconciliation statements
3. Preparation of bank reconciliation statements
4. Steps for preparation of bank reconciliation statements
5. Important notes and explanations regarding preparation
6. Cash book with discount column
7. Cash book with discount and bank column or three column cash book

Bills of Exchange

1. Bills of exchange concept of bills of exchange
2. Promissory note
3. Accounting treatment of bills of exchange
4. Endorsement of the bill
5. Discounting of the bill
6. Retiring a bill under rebate
7. Dishonour and noting of the bill
8. Renewal of the bill
9. Part payment of the bill

Errors and Their Rectification

1. Errors affecting or disclosed by trial balance introducing the concept
2. Errors omission and errors of commission
3. Errors in the subsidiary books and their rectification
4. Errors of principle
5. Treatment of capital or revenue expenditure
6. Treatment proprietors withdrawal
7. Errors recording incorrect subsidiary books

Depreciation

1. Meaning of depreciation
2. Depreciation features causes objectives factors
3. Fixed or equal installment or straight line method or depreciation on original cost
4. Advantages and disadvantages of straight line method
5. Diminishing or reducing or written down value method
6. Difference between straight line and diminishing balance method
7. Depreciation review questions depreciation

Test for large samples n 30

Performance of balance sheet

HOW IT WORKS

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