Beneficiaries: Beginners of Accountancy(class 10 or 11), Working professionals in non-accounting areas, Management executives
Curriculum:
$ Introduction to Accounting system
$ Double entry book keeping - Golden rules of accounting, Terms of Accounting
$ Cash & Credit transactions - Debtor, Creditor, Trade discount & Cash discount
$ Books of Primary entry - Purchase, Sales, Return inwards & Return outwards
$ Journal - General Journal, 3 Golden rules & its application
$ Ledger & Balancing accounts
$ The Trial Balance - Balancing method
$ Financial statements of a sole proprietorship - Trading, Profit & loss account, Balance sheet, Adjusting entries for closing stock, expenses outstanding, prepaid expenses, income accrued, income received in advance, bad debts, provision for doubtful debts, provision for discount on debtors, manager's commission.
$ Bank reconciliation statement(BRS) - Meaning and need for BRS, Preparation of BRS when favourable or adverse balance of cash book and pass book
$ Errors & Rectification of errors - Error of omission, commission, principle and compensating.
Note: All the necessary writing materials shall be provided by the Trainer with a study material