Financial Accounting

Contents

1. Introduction

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

1.7 Golden rules of account 11

2. Depreciation

2.1 Meaning

2.2 Objectives of depreciation

2.3 Merits or advantages of annuity method of depreciation

2.4 Reducing balance method

2.5 Annuity method

2.6 Depreciation fund or sinking fund method of depreciation

2.7 Depreciation fund insurance policy method

3. Hire Purchase and Installment Method

3.1 Hire purchase system (Meaning)

3.2 Features of hire purchase system

3.4 Analysis of payments

4. Partnership Accounts

4.1 Amalgamation of partnership firms

4.2 Objectives of amalgamation

4.3 Purchase consideration

5. Receipts and Payment Account

5.1 Receipts and payment account

6. Branch Accounting

6.1 Meaning

6.2 Dependent branch

6.3 Foreign branch

7. Accounts of Co-operative Society

7.1 Co-operative organization

7.2 Cash book