Coming soon
Accounting Theory and Practice
Objectives of the Course is to acquaint the students with the basic analytical techniques and methods of financial accounting of business firms. The courses also provides students the exposures to certain sophisticated and analytical techniques that are used for financial accounting.
Nature and Methodology of Accounting : Nature, Postulates, Dual aspect, Assumptions, Conventions and Working Rules.
Books of Original Record Subsidiary Books, Columnar Books Ledger, Trial Balance.
Depreciation, Provisions and Reserves.
Rectification of Errors.
Bank Reconciliation Statement
Bills of Exchange
Preparation of Balance Sheet and Income Statement (Profit and Loss Account) for Manufacturing Trading and Service concerns with adjustments.
Sectional and Self-Balancing Ledgers.
Preparation of Accounts from Incomplete Records Insurance Claims for Loss of Stock and Loss of Profit Accounts of Non-Commercial Organisation-Receipt and Payment Accounts, Income and Expenditure Accounts and Balance Sheet.
Partnership; Nature, partnership deed, special aspect of partnership accounts, admission of partner, retirement/death of a partner, dissolution of a partnership firm.
• Jai Narain Vaish : Book Keeping and Accounts Part I and II latest edition.
• R.R. Gupta : Book Keeping and Accountancy.
• R.L. Gupta : Advanced Accountancy
• S.N. Maheshwari : Advanced Accountancy Vol. No. I & li
• Shukla & Agarwal : Advanced Accountancy Vol. I & II
• Sehgal & Sehgal : Advanced Accountancy I & II
• Gupta, Jain, Gupta : Book Keeping (Ramesh Book Depot, Jaipur)
