Topics
Financial Accounting
Introduction to Accounting
Financial Accounting 1
Theory Base of Accounting
Financial Accounting 2
Recording of Transactions - I
Recording of Transactions - II
Bank Reconciliation Statement
Trial Balance and Rectification of Errors
Depreciation, Provisions and Reserves
- Depreciation, Provisions and Reserves
- Depreciation
- Depreciation and Other Similar Terms
- Causes of Depreciation
- Need for Depreciation
- Factors Affecting the Amount of Depreciation
- Methods of Calculating Depreciation Amount
- Straight Line Method and Written Down Method: a Comparative Analysis
- Methods of Recording Depreciation
- Disposal of Asset
- Effect of Any Addition Or Extension to the Existing Asset
- Provisions
- Reserves
- Types of Reserves-Secret Reserves
Bill of Exchange
Financial Statements - I
Financial Statements - II
- Need for Adjustments
- Effects of Adjustments-Closing Stock
- Effects of Adjustments-Outstanding Expenses
- Effects of Adjustments-Prepaid Expenses
- Effects of Adjustments-Accrued Income
- Effects of Adjustments-Income Received in Advance
- Effects of Adjustments-Depreciation
- Effects of Adjustments-Bad and Doubtful Debts
- Provision for Bad and Doubtful Debts
- Effects of Adjustments-Provision for Discount on Debtors and Creditors
- Manager's Commission
- Interest on Capital
Accounts from Incomplete Records
Applications of Computers in Accounting
Computerised Accounting System
Theoretical Frame Work
- Basis of Accounting System - Cash Basis
- Basis of Accounting System - Accrual Or Mercantile Basis
- Qualitative Characteristics of Accounting Information
- Business Transaction-Cash Transactions
- Business Transaction-Credit Transactions
- Goods
- Profit
- Loss
- Difference Between Profit and Income
- Non-current and Current Asset
- Assets
- Fixed Assets
- Liabilities
- Capital and Drawings
- Capital Expenditure
- Revenue and Deferred Revenue Expenditure
- Cash Discount
- Trade Discount
- Stock
- Concept of Accounting and Objectives
- Advantages and Limitations of Accounting
- Accounting Information Types and Needs
- Inventory
- Trade Receivables (Debtors and Bills Receivable)
- Trade Payables(Creditors and Bills Payable)
- Fundamental Accounting Assumptions-Going Concern
- Fundamental Accounting Assumptions-Consistency
- Fundamental Accounting Assumptions-Accrual
- Accounting Standards (AS)
- Study of Double Entry Book-keeping System
- Explanation About IFRS (International Financial Reporting Standards)
- Accounting Principles Or GAAP-Accounting Entity
- Accounting Principles Or GAAP-Accounting Period
- Accounting Principles Or GAAP-Full Disclosure
- Accounting Principles Or GAAP-Materiality Concept
- Accounting Principles Or GAAP-Prudence,
- Accounting Principles Or GAAP-Cost Concept
- Accounting Principles Or GAAP-Matching Concept
- Accounting Principles Or GAAP-Dual Aspect Concept
- Purchases
- Purchases Returns
- Sales
- Sales Return
- Capital Expenditure
- Revenue and Deferred Revenue Expenditure
Accounting Process
- Vouchers
- Cash Memo
- Debit and Credit Note
- Cheque
- Cash Book with Cash Column
- Cash Book with Cash and Bank Columns
- Petty Cash Book
- Purchase Book Or Purchases Day Book
- Sales Book Or Sales Day Book
- Purchase Return Book Or Purchases Return Day Book
- Sales Return Book Or Sales Return Day Book
- Journal Proper
- Analysis of Transactions Using Accounting Equation.
- Rules of Debit and Credit for Assets
- Rules of Debit and Credit for Liabilities
- Rules of Debit and Credit for Capital
- Rules of Debit and Credit for Revenue and Expenses.
- Origin of Transactions
- Preparation of Accounting Vouchers- Cash (Debit and Credit)
- Preparation of Accounting Vouchers- Non Cash (Transfer).
- Books of Original Entry
- Specimen of Ledger
- Balancing of Ledger Accounts
- Ledger-Posting from Journal
- Need and Importance of Bank Reconciliation Statement
- Preparation of Bank Reconciliation Statement
- Calculating Bank Balance at an Accounting Date
- Corrected Cash Book Balanced
- Meaning and Purpose of Trial Balance
- Preparation of the Trial Balance by the Balance Method
- Meaning and Effects of Errors
- Types of Errors-Errors of Principles
- Types of Errors-Errors of Ommission
- Types of Errors-Errors of Commission
- Types of Errors-Compensating Errors
- Errors Affecting and Not Affecting Trial Balance
- Treatment of Balance of Suspense Account
- Rectification Entries
- Detection of Error
- Depreciation
- Methods of Depreciation-Straight Line Method
- Methods of Depreciation-Written Down Value Method
- Accounting Treatment of Depreciation-By Charging to Asset Account
- Accounting Treatment of Depreciation-By Creating Provision for Depreciation
- Accounting Treatment of Depreciation-Accumulated Depreciation Account
- Accounting Treatment of Depreciation-Treatment of Disposal of Asset
- Provisions and Reserves
- Difference Between Provisions and Reserves
- Types of Reserves-Revenue Reserve
- Types of Reserves-Capital Reserve
- Types of Reserves-General Reserve
- Types of Reserves-Specific Reserves
- Promissory Note
- Important Terms of Bills of Exchange - Term of Bill
- Important Terms of Bills of Exchange - Due Date
- Important Terms of Bills of Exchange - Days of Grace
- Important Terms of Bills of Exchange - Date of Maturity
- Important Terms of Bills of Exchange - Discounting of Bill,
- Important Terms of Bills of Exchange - Endorsement of Bill
- Important Terms of Bills of Exchange - Bill Sent for Collection
- Important Terms of Bills of Exchange - Dishonor of Bill
- Important Terms of Bills of Exchange - Noting of Bill
- Important Terms of Bills of Exchange - Retirement and Renewal of a Bill
- Accounting Treatment of Bill Transactions
Financial Statements of Sole Proprietorship: from Complete and Incomplete Records
- Financial Statements of a Company
- Preparation of Trading Account
- Preparation of Profit and Loss Account
- Gross Profit
- Preparation of Balance Sheet
- Effects of Adjustments-Closing Stock
- Effects of Adjustments-Outstanding Expenses
- Effects of Adjustments-Prepaid Expenses
- Effects of Adjustments-Accrued Income
- Effects of Adjustments-Income Received in Advance
- Effects of Adjustments-Goods Distributed as Free Sample
- Adjustments of Financial Statements - Abnormal Loss
- Effects of Adjustments-Depreciation
- Adjustments of Financial Statements - Goods Taken for Personal Use
- Adjustments of Financial Statements - Goods Distributed as Free Samples and Manager's Commission
- Incomplete Records
- Ascertainment of Profit or Loss by Statement of Affairs Method
- Marshalling of a Balance Sheet Or Assets and Liabilities
- Preparation of Trading and Profit and Loss Account and Balance Sheet of Sole Proprietorship
Financial Statements of Not-for-profit Organizations
- Concept of Not-for-profit Organizations
- Feature of Receipts and Payments Account
- Preparation of Receipts and Payments Account
- Difference Between Receipts and Payments Account and Cash Book
- Feature of Income and Expenditure Account
- Preparation of Income and Expenditure Account
- Balance Sheet from the Given Receipts
- Payments Account with Additional Information
Computers in Accounting
- Introduction to Operating Software, Utility Software and Application Software
- Introduction to Computers
- Introduction to Accounting Information System (AIS) as a Part of MIS
- Stages in Automation - Accounting Process in a Computerised Environment
- Comparison Between Manual Accounting Process and Computerised Accounting Process
- Stages in Automation - Sourcing of Accounting Software
- Kinds of Software - Readymade Software
- Kinds of Software - Customised Software
- Kinds of Software - Tailor-made Software
- Generic Considerations before Sourcing Accounting Software
- Stages in Automation - Creation of Account Groups and Hierarchy
- Stages in Automation - Generation of Reports - Trial Balance, Profit and Loss Account and Balance Sheet
- Posting from the purchases returns book
- Debit note – the source document for returns outward
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Related QuestionsVIEW ALL [5]
From the following information, prepare purchase day book and purchases returns book for the month of June, 2017 and post them into ledger accounts in the books of Robert Furniture Mart.
| 2017 | Particulars |
| June 1 | Purchased from Balu Traders 20 chairs @ ₹ 150 each on credit |
| June 13 | Bought from Subash & Co., on credit |
| 2 Almirah @ ₹ 3,100 each | |
| 10 tables @ ₹ 1,500 each | |
| 15 chairs @ ₹ 200 each | |
| Less: 10 % Trade discount on all items | |
| Add: Freight charges ₹ 220 | |
| June 21 | Returned 2 damaged chairs to Balu Traders and cash not received |
| June 24 | Purchased from Sunrise Furniture Mart on credit |
| 25 Almirahs @ ₹ 1,300 each | |
| June 27 | Purchased from Mouli Traders on credit |
| 10 executive tables @ ₹ 3,275 each | |
| June 29 | Returned 3 Almirahs to Sunrise Furniture Mart and cash not received |
From the following information, prepare the necessary subsidiary books for Nalanda Book Stores.
| 2017 | Particulars |
| Dec. 1 | Bought from M/s. Uma Devi on credit |
| 100 copies Business Statistics Book @ ₹ 80 each | |
| 100 copies Accountancy Book @ ₹ 150 each | |
| Dec. 7 | Sold to Sridevi & Co., on credit |
| 240 copies Business Statistics @ ₹ 90 each | |
| 250 copies Accountancy books @ ₹ 170 each | |
| Dec. 10 | Bought from Subha & Co., |
| 40 Copies Economics books @ ₹ 80 each | |
| Less: 15% Trade Discount | |
| Dec. 15 | Returned to M/s. Uma Devi 10 copies of damaged Accountancy book for which cash is not received |
| Dec. 18 | Sold to Gupta Bros., on credit |
| 200 copies of Economics book @ ₹ 95 each | |
| Dec. 26 | Returned 6 copies of Economics books to Subha & Co., |
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