Contents

1. Financial Accounting

1.1 Introduction

1.2 Objectives of book keeping

1.3 Book keeping and accounting

1.4 The need / utility of book keeping

1.5 Different important accounting concepts terminologies

1.6 Classification of account in Personal A/c, Real A/c, and Nominal A/c

2. Conceptual Frame Work

2.1 Introduction

2.2 Generally accepted accounting principles (GAAP)

2.3 Accounting conventions

2.4 Accounting standards

3. Recording of Transactions

3.1 Double entry system of book keeping

3.2 Recording of transactions

3.3 Journal

3.4 Ledger-1

3.5 Subsidiary books

3.6 Cash book

3.6 Bank reconciliation statement

3.7 Depreciation

4. Final Account

4.1 Introduction

4.2 Trading account

4.3 Profit and loss A/c

5. Company Final Accounts

5.1 Company final account

6. Computerised Accounting

6.1 Introduction

6.2 Data, instructions and information

6.3 Computer hardware and electricity data processing

6.4 Role of computer accounting

6.5 Accounting packages

6.6 Future prospects

Solved Question Papers – October 2010