ACCOUNTANCY XI

ACCOUNTANCY XI

ACCOUNTANCY XI

1. Introduction to Accounting [ 14 Periods ] Need and Importance – Book-keeping – Accounting – Accountancy, Accounting and Book-keeping – Users of accounting information – Branches of accounting – Basic accounting terms. 2. Conceptual Frame work of Accounting [ 7 Periods ] Basic assumptions – Basic concepts – Modifying principles – Accounting Standards. 3. Basic Accounting Procedures I – Double Entry System of Book-Keeping [ 7 Periods ] Double entry system – Account – Golden rules of accounting. 4. Basic Accounting Procedures II – Journal [ 21 Periods ] Source documents – Accounting equation – Rules for debiting and crediting – Books of original entry – Journal – Illustrations. 5. Basic Accounting Procedures III – Ledger [ 21 Periods ] Meaning – Utility – Format – Posting – Balancing an account – Distinction between journal and ledger. 6. Subsidiary Books I – Special Purpose Books [21 Periods] Need – Purchase book – Sales book – Returns books – Bills of exchange – Bills book – Journal proper. 7. Subsidiary Books II – Cash Book [ 21 Periods ] Features – Advantages – Kinds of cash books.

8. Subsidiary Books III – Petty Cash Book [ 7 Periods ] Meaning – Imprest system – Analytical petty cash book – Format – Balancing of petty cash book – Posting of petty cash book entries – Advantages. 9. Bank Reconciliation Statement [ 21 Periods ] Pass book – Difference between cash book and pass book - Bank reconciliation statement – Causes of disagreement between balance shown by cash book and the balance shown by pass book – Procedure for preparing bank reconciliation statement – Format.

10. Trial Balance and Rectification of Errors [ 21 Periods ] Definition – Objectives – Advantages – Methods – Format – Sundry debtors and creditors – Limitations – Errors in accounting – Steps to locate the errors – Suspense account – Rectification of errors. 11. Capital and Revenue Transactions [ 7 Periods ] Capital transactions – Revenue transactions – Deferred revenue transactions – Revenue expenditure, Capital expenditure and Deferred revenue expenditure – Distinction – Capital profit and revenue profit – Capital loss and revenue loss. 12.
Final Accounts [ 22 Periods ] Parts of Final Accounts – Trading account – Profit and loss account – Balance sheet – Preparation of Final Accounts.

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