THEORY BASE OF concern, consistency, and accrual. ACCOUNTING Accounting principles: accounting entity, money ã measurement, accounting period, full disclosure, materiality, prudence, cost concept, matching concept and dual aspect. Double entry system. Basis of accounting - cash basis and accrual basis. Accounting standards: concept & objective. IFRS (International Financial Reporting Standards). 3 July 9 Accounting equation: analysis of transactions using UNIT II. accounting equation. Accounting Rules of debit and credit: for assets, liabilities, process and capital, revenue and expenses. special Origin of transactions- source documents (invoice, accounting cash memo, pay in slip, cheque), treatment. preparation of vouchers - cash (debit & credit) and non cash (transfer). Books of original entry: format and recording - Journal. Cash book: simple, cash book with bank column, RECORDING OF petty cash book, TRANSACTIONS Other books: purchases book, sales book, purchases returns book, sales returns book, bills receivable book, bills payable book and journal proper. 4 LEGDER, TRAIL Ledger - format, posting from journal, cash book August Unit test 9 BALANCE AND and other special purpose books, balancing of accounts. Trial balance: objectives and preparation BANK Bank reconciliation statement: need and RECONCILIATION preparation. Corrected cash book balance STATEMENT 5 DEPRECIATION, Depreciation: concept, need and factors affecting 8 PROVISION AND depreciation; methods of computation RESERVE of depreciation: straight line method, written down value method (excluding change in method) Accounting treatment of depreciation: by charging to asset account, by creating provision for depreciation/ accumulated depreciation account, treatment of disposal of asset. Provisions and reserves: concept, objectives and
THEORY BASE OF ACCOUNTING concern, consistency, and accrual. ã Accounting principles: accounting entity, money measurement, accounting period, full disclosure, materiality, prudence, cost concept, matching concept and dual aspect. Double entry system. Basis of accounting - cash basis and accrual basis. Accounting standards: concept & objective. IFRS (International Financial Reporting Standards). 3 UNIT II. Accounting process and special accounting treatment. RECORDING OF TRANSACTIONS Accounting equation: analysis of transactions using accounting equation. Rules of debit and credit: for assets, liabilities, capital, revenue and expenses. Origin of transactions- source documents (invoice, cash memo, pay in slip, cheque), preparation of vouchers - cash (debit & credit) and non cash (transfer). Books of original entry: format and recording - Journal. Cash book: simple, cash book with bank column, petty cash book, Other books: purchases book, sales book, purchases returns book, sales returns book, bills receivable book, bills payable book and journal proper. July 9 4 LEGDER, TRAIL BALANCE AND BANK RECONCILIATION STATEMENT Ledger - format, posting from journal, cash book and other special purpose books, balancing of accounts. Trial balance: objectives and preparation Bank reconciliation statement: need and preparation. Corrected cash book balance August Unit test 9 5 DEPRECIATION, PROVISION AND RESERVE Depreciation: concept, need and factors affecting depreciation; methods of computation of depreciation: straight line method, written down value method (excluding change in method) Accounting treatment of depreciation: by charging to asset account, by creating provision for depreciation/ accumulated depreciation account, treatment of disposal of asset. Provisions and reserves: concept, objectives and 8
757512117split_up_syllabus(all_xi_&_xii).docx