Accounting for Depreciation – Meaning – Characteristics – Causes – Objectives – Basic factors affecting the amount of depreciation - Methods of providing Depreciation – Reserves and Provisions
Non-Profit Organization – Meaning – Types: Social Clubs, Sports Clubs, Educational Institutions – Major Receipts and Payments – Preparation of Receipts and Payment account – Preparation of Balance Sheet at the beginning - Preparation of Income and Expenditure account – Preparation of Balance Sheet at the end.
Departmental Accounting: Meaning – Need – Advantages – Distinction between Departments and Branches – Methods and Techniques of Departmental Accounting. Branch Accounts: Meaning –objects-Types of Branches-Dependent Branches-Accounting respect of Dependent Branches -Final Accounts System –Independent Branches
Hire purchase system- Definition-Main features –Instalment purchase system-Distinction between hire purchase and Instalment system-Accounting treatment for hire purchase system-Instalment purchase system-Meaning-Accounting treatment
Single Entry System – Meaning and features – Limitations – Difference between Double entry and Single entry – Difference between Balance sheet and Statement of affairs - Statement of affairs method and Conversion method Meaning of Royalty –Explanation of technical terms-Accounting treatment
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