FA (BCOM 1st)

UNIT I

Basics of Accounting: Accounting, Accountancy and Book-Keeping. Accounting Concepts,

conventions and Principles-GAAP. Branches of accounting. Accounting equation.

Accounting Cycle: Journal, Ledger and Trial Balance; Subsidiary books

UNIT II

Rectification of errors. Bank reconciliation statement. Bills of exchange. Promissory notes

UNIT III

Depreciation- Fixed Instalment Method and Diminishing Balance Method (Numerical);

Provisions and Reserves. Final Accounts with simple adjustments (Excluding the adjustments

of bad debts etc.)

UNIT IV

Average due date. Account current. Self balancing ledgers