2732_BCOMSEM2_Vitteya Lekhankan

बी.कॉम. (II सेमेस्टर)
वित्तीय लेखांकन
B.Com. (II Semester)
FINANCIAL ACCOUNTING

SYLLABUS

Unit I:

Shri Kalyan Subramani Aiyar (K.S. Aiyar) 1859-1940 known as father of Accountancy in India.
Nature and scope of Accounting, Generally Accepted Accounting Principles Concepts and Conventions, Indian and International Accounting Standards, Accounting Mechanics: Double Entry System, Preparation of Journal, Ledger and Trial Balance, Profit and Loss A/c, Balance Sheet, Concept of Income and its Measurement.

Unit II:

Royalty Accounts - Accounting Records for Royalty in the books of Landlords and Lessee, Recoupment of Shortworking, Sub- lease, Short working Reserve Account, Nazarana.
Hire Purchase Account - Accounting Records in the Books of Hire Purchaser and Vendor, Different Methods of Calculation of Interest and Cash Price, Maintenance of Suspense Account, Payment of Premium, Default in Payment and Partial Returns of Goods.
Installment Payment System - Difference between Hire Purchase and Installment Payment System. Accounting Records in the book of Purchaser & Vendor, Interest suspense account.

Unit III:

Branch Accounts
Meaning and Objectives of Branch Account, Importance and Advantages, Classification of Branches, Accounting of Branch Accounts under various Methods.
Computation of Insurance Claim - Loss of stock and loss of profit.

Unit IV:

Insolvency Accounts Meaning, Circumstances of Insolvency, Procedure of Declaring Insolvency, Preparation of Statement of Affairs and Deficiency Account.
Voyage Accounts
Accounts.
Meaning & Preparation of Voyage

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