FUNDAMENTALS OF ACCOUNTING
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FUNDAMENTALS OF ACCOUNTING SOLVED PAPERS AND GUESS
Product Details: FUNDAMENTALS OF ACCOUNTING
Format: BOOK
Pub. Date: NEW EDITION APPLICABLE FOR Current EXAM
Publisher: MEHTA SOLUTIONS
Edition Description: 2021-22
RATING OF BOOK: EXCELLENT
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FROM THE PUBLISHER
If you find yourself getting fed up and frustrated with other BANGALORE UNIVERSITY book solutions now mehta solutions brings top solutions for BANGALORE UNIVERSITY FUNDAMENTALS OF ACCOUNTING REPORT book contains previous year solved papers plus faculty important questions and answers specially for BANGALORE UNIVERSITY .questions and answers are specially design specially for BANGALORE UNIVERSITY students .
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FUNDAMENTALS OF ACCOUNTING
OBJECTIVE
The objective of this subject is to acquaint students with the accounting concepts, tools and techniques
influencing business organizations.
Unit 1: INTRODUCTION TO FINANCIAL ACCOUNTING
Introduction – Meaning and Definition – Objectives of Accounting – Functions of Accounting – Users of
Accounting Information – Limitations of Accounting – Accounting Principles – Accounting Concepts and
Accounting Conventions. Accounting Standards –List of Indian Accounting Standards.
Unit 2: ACCOUNTING PROCESS
Meaning – Process of Accounting – Kinds of Accounts – Rules - Transaction Analysis – Journal – Ledger –
Balancing of Accounts – Trial Balance – Problems.
Unit 3: SUBSIDIARY BOOKS
Meaning – Significance – Types of Subsidiary Books – Purchases Book – Sales Book – Purchase Returns
Book – Sales Return Book – Bills Receivable Book – Bills Payable Book – Cash Book (Simple Cash Book,
Double Column Cash Book, Three Column Cash Book and Petty Cash Book) and Journal proper. Bank
Reconciliation Statement – Preparation of Bank Reconciliation Statement.
Unit 4: FINAL ACCOUNTS OF PROPRIETARY CONCERN
Preparation of Profit& Loss Account and Balance Sheet(Vertical form).
Unit 5: SINGLE ENTRY SYSTEM
Meaning – Features – Types – Merits – Demerits – Differences between single entry and double entry
systems – Preparation of Opening Statement of Affairs, Closing Statement of Affairs, Computation of
Profit/Loss and Revised Statement of Affairs. Conversion of single entry to double entry system
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