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Showing posts with label Principal of Accounting (I.com part 1). Show all posts
Showing posts with label Principal of Accounting (I.com part 1). Show all posts

Principal of Accounting (I.com part 1)


Contents
Chapter # 1 Introduction To Accounting
          ·          Need and Importance of Accounting
          ·          Accounting : A Business Language
          ·          Book-Keeping
          ·          Book-Keeping Versus Accounting
          ·          Accounting Versus Accountancy
          ·          Branches of Accounting
          ·          Object of Accounting
           ·          Important Accounting Term and Concepts

Objective Question
Problem  Question

Chapter #2 Transaction and Accounting Equation
           ·          What is an event?
           ·          Features
           ·          Classification
           ·          Rule for Deciding   a Whether Transaction is cash or Credit
           ·          The Accounting  Equation
           ·          Effect of Business Transaction
           ·          Setting up a brand new Business
Objective Question
Problem  Question

Chapter # 3 Analysis of Busniess
           ·          Analysis of Transaction
           ·          Doubled entry system
           ·          Advantage of doubled entry system
           ·          Single entry system
           ·          What is an Account?
           ·          Classification of account
           ·          Rule for debiting and crediting
           ·          Explanation of  Rules
Objective Question
Problem  Question

Chapter # 4 Journal : The Book of Entry
           ·          Journal
           ·          Definition
           ·          Characteristics
           ·          Narration
           ·          Advantage of journal
           ·          Simple Entry and Compound entry
Objective Question
Problem  Question

Chapter # 5 Ledger : Main Book of Account
           ·          What is ledger?
           ·          Features
           ·          Forms of ledger account
           ·          Posting procedure
           ·          Balancing of an Account
           ·          Normal Balance
           ·          Trial balance
           ·          Methods of preparing trial balance
           ·          Accounting cycle to trial balance

Objective Question
Problem  Question

Chapter # 6 Accounting For Bill Exchange
           ·          Definition
           ·          How a bill of exchange works?
           ·          How transaction relating to bill of exchange are recorded?
           ·          Accounting treatment for bills receive or paid
           ·          Discounting of a bill of exchange
           ·          Third option or use of bill
           ·          Dishonor of a bill for exchange
Objective Question
Problem  Question




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