Basic Accounting concepts - Kinds of Accounts – Financial Accounting vs. Cost Accounting - Financial Accounting vs. Management Accounting -Double Entry Book Keeping– Rules of Double Entry System – Preparation of Journal and Ledger Accounts- problems - Subsidiary books - cash book – types of cash book - problems - purchase book - sales book - sales return and purchase return books.
Trial balance - Errors – types of errors - Rectification of errors – problems – Bank Reconciliation statement – problems.
Manufacturing - Trading - Profit & Loss Account - Balance sheet. – Problems with simple adjustments.
Accounting for non-trading institutions-Income & Expenditure Account- Receipts and Payment Accounts and Balance sheet - Accounting for depreciation – methods of depreciation – Problems (straight line method and written down value method only)
Preparation of accounts from incomplete records. (Theory and problems may be in the ratio of 20% and 80%respectively)
Reference Book:
1. S.P.Jain and K.L.Narang, Advanced Accounting, Volume I, Kalyani Publishers, 2008 2.R.L.Gupta and M.Radhaswamy, Advanced Accounting,Volume I, Sultan Chand Publications, Newdelhi,2002 2. M.C.Shukla and T.S.Grewal, Advanced Accounting, Volume I Sultan Chand Publications, Newdelhi, 2000 3. Dr.Radha, Financial Accounting, Prasanna Publishers, 2010 4. R.S.N.Pillai, S.Bhagavathy, and S.Uma, Fundamentals of Advanced Accounting, 5. Sultan Chand Publications, Newdelhi, 2007 6. B.S.Raman, Financial Accounting, Volume I&II, United Publishers, 2010 7. 7.R.Narayanaswamy, Financial Accounting –A managerial perspective, PHI Learning, New Delhi, 2011.
Text Book:
1.T.S. Reddy & Murthy - Financial Accounting, Margham Publications, Chennai. Edition 2010
