
- 0 student
- 0 lessons
- 0 quizzes
- 10 week duration
Accounting is a means of communicating the results of business operations to various parties interested in or connected with the organization. Accounting is the language of business . It is associated not only with business with every body who is interested in keeping an account of money received and money spent.
Note: on course work every lecture should be complemented by an appropriate activity examples: practical problem collection of accounting data from sole proprietors, preparation of accounting records of a sole trader
-
Module I
Introduction of accounting •Origin •meaning, definition-need importance-functions - limitations-accounting principles-Generally accepted accounting principles-accounting equation- double entry system.
-
Module II
Recording transactions •journal-ledger-trial balance-cash book (single column bank column, and with discount column) - bank reconciliation statement
-
Module III
Accounting for depreciation-meaning-importance-methods of providing depreciation (Straight line, diminishing, annuity)-reserves and provisions
-
Module IV
Final accounts of sole trader- manufacturing, trading, and profit and loss account and balance sheet
-
Module V
Bill of exchange •meaning, definition- importance promissory note-recording bill transaction (honouring, dishonouring, discounting)
-
Reference
Core text: Business accounting- Jain and Narang Reference text Advanced accounting -Jain and Narang Advanced Accountancy, MA Arulanandam and KS Raman, Himalaya Publications, Mumbai
0.00 average based on 0 ratings