The objective this paper is to help the students to acquire fundamental knowledge of Accounting & their applications.

UNIT-I :Introduction �need for accounting � Definition of Accounting � Scope of Accounting � Book keeping and accounting � Branches of Accounting � Advantages and limitations � Basic Accounting concepts ans conventions � Accounting process � Journalising � Classificaction of accounts � interpretation of balances on ledger accounts � preperation of trial balance.

UNIT-II :Practical system of book keeping � Subsidary books � cash book � Type � Banking transaction � posting from cash books � petty cash book � imprest system � purchase book � sales book � returns inward book � return outward book - Journal proper

UNIT-III :Bank Recounciliation statement

Need � reasons for difference between cash book and pass book balances � problems with favourable balance and overdraft problems with extracts � cash book and pass book � Ascertainment of correct cash book balance.

UNIT � IV :consignments � Features � proforma invoice � account sales � commossion � accounting treatment in the books of consignor and consignee � valuation of consignment stock � normal and abnormal loss � invoice of goods at a price higher than cost price.

UINIT V � DEPRCIATION
Depreciation � meaning � causes � objects of providing for depreciation � factors in calculating depreciation - accounting treatment � provision for depreciation - methods of providing depreciation � straight line method � diminishing balance method annuity method � depreciation fund method � theories and problems

Suugested readings

1. Jain ,S.P & Narang K.L : Advanced Aaccountancy
2. Shukla M.C & Grewal T.S : Advanced Aaccountancy
3. M.C Shukla & Grewal : Advanced Aaccountancy
4. S.N.Maheshwary : Introduction Accountancy
5. S.N.Mukherjee & Hanif : Modern accountancy
6. S.P.Iyengar : Advanced Aaccountancy
7. Patil & Korlahalli : Principles & Practice of Accounting


SECOND SEMESTER


The objective of this paper is to help to acquire fundamental knowledge of Accounting & their applications.

UNIT VI: definition � promissory note and bills of exchange � bills receivables and bills payable books � recording of bills transactions � journal and ledger � books of drawer and acceptor � honour and dishonour of bills � renewal of bills under rebate � accomadation bills.

UNIT � VII : Joint ventures � Accounting procedure

UNIT � VIII :Erros and their rectification � TYPES OF ERRORS � RECTIFICATION BEFORE AND AFTER PREPERATION OF FINAL ACCOUNTS � SUSPENSE ACCOUNT � EFFECT OF ERRORS AND THEIR RECTIFICATION ON PROFIT.

UNIT-IX PROVISIONS AND RESERVES
Reserve � reserve ,reserve fund- provision � different types of reserves.

UNIT � X :
Final accounts of a sole trader � trial balance � capital and revenues expenditure and receipts � accounting concepts and conventions relating and receipts � accounting concepts and conventions relating to final accounts � trading account , manufacturing account profit and loss account and balance sheet � Adjusting closing entries.

Suggested readings

1. Jain S.P & Narang K.L : Advanced Accountancy
2. Shukla M.C & G rewal T.S : Advanced Accountancy
3. M.C Shukla & Grewal : Advanced Accountancy
4 S.N. Maheshwary : Introduction to Accountancy
5. S.N.Mukherjee & Hanif : Modern accountancy