Fundamentals of Double Entry Book-keeping System

A.1 Study of Double Entry Book-keeping system. 
A.2 Advantages of Double Entry Bookkeeping system. 
A.3 Comparison of Double Entry Bookkeeping system with Conventional Accounting system. 
B. Classification of Accounts and Accounting equations Rules 
B.1 Types of accounts-personal, 
Impersonal accounts- Real accounts, Nominal accounts. 
B.2 Rules for different accounts for passing entries. 
B.3 Illustrations 
B.4 Accounting equations Assets, Liabilities, Revenue and capital expenses 
B.5 Brief: Explanation about IFRS 

3. Source documents required for Accounting

3. 1 Meaning, contents and specimen. 
3. 2 Voucher-internal, external voucher 
3. 3 Petty cash and cash voucher 
3. 4 Cash and Credit memo 
3. 5 Receipt 
3. 6 Debit and Credit note 
3. 7 Pay-in-slip 
3. 8 Withdrawal slip 
3. 9 Cheque-Bearer, Order, Crossed, Account payee 
3.10 Bank pass book, Bank Statement and Bank advice 

4. Journal
4.1 Meaning, Importance and utility of Journal. 
4.2 Specimen of Journal 
4.3 Writing of Journal entries 

5. Subsidiary Books

5.1 Meaning, need and specimen of different Subsidiary Books. 

5.2 Simple Cash Book with cash column only 

5.3 Cash Book with cash and bank columns 
5.4 Analytical Petty Cash Book imprest system. 
5.5 Purchase Book 
5.6 Sales Book 
5.7 Purchase Return Book 
5.8 Sales Return Book 
5.9 Bank Book 
5.10 Journal Proper, Transactions of Discounts to be taken in Journal Proper 

6. Ledger

6.1 Meaning, need and contents of ledger be explained 
6.2 Specimen of ledger 
6.3 Posting of entries from Subsidiary books to ledger 
6.4 Balancing of ledger accounts. 

7. Bank Reconciliation Statement

7.1 Meaning, need and importance 
7.2 Reasons for difference in bank balance as per cash book and balance as per bank pass book 
7.3 Specimen of Bank Reconciliation Statement 
7.4 Preparation of Bank Reconciliation Statement 

8. Trial balance

8.1 Meaning and Purpose 
8.2 Specimen of Trial Balance 
8.3 Preparation of Trial Balance from given balances of accounts. 

9. Errors and their rectification

9.1 Meaning and effects of errors. 
9.2 Types of errors - Errors of principles, Errors of Omission, Errors of commission and Compensating Errors. 
9.3 Steps to locate errors 
9.4 Errors affecting and not affecting Trial Balance 
9.5 Treatment of balance of suspense account 
9.6 Rectification entries 

10. Depreciation, Provisions and Reserves

10.1 Depreciation : Meaning, Need and Factors affecting depreciation. 
10.2 Methods of computation of Depreciation : Straight Line Method, Written Down Value Method (Excluding Change in 
method) 
10.3 Accounting Treatment of Depreciation : By charging to asset account by creating Provision for depreciation / accumulated depreciation account. 
10.4 Provisions and Reserves : Meaning, Objectives and Difference between provisions and Reserves. 
10.5 Types of Reserves : Revenue Reserve, Capital Reserve, General 
Reserve, Specific reserves, Secret reserves. 

11. Financial statements of Proprietary concern

Financial Statements- Meaning, objective and Importance 
11.1 Preparation of Trading Account 
11.2 Preparation of Profit and Loss Account 
11.3 Preparation of Balance Sheet 
11.4 Effects of following adjustments only 
a. Closing stock 
b. Depreciation 
c. Bad and Doubtful debts 
d. Provision for discount on Debtors 
and Creditors 
e. Outstanding expenses 
f. Prepaid expenses 
g. Accrued income 
h. Income received in advance 
i. Drawings 
j. Goods distributed as free sample 

12. Computer in Accounting

12.1 Introduction to Computer Accounting System : 
Components of CAS, Features, Grouping of Accounts, using software of C.A.S. 
12.2 Application of computer accounting Automation of accounting process, designing accounting reports, data exchange with other information system.