FA (BBA 2nd)

Basic Accounting Concepts:

Background of Accounting, concepts – matching, Entity Concept, Cost Concept, Basis of

Accounting – Objectives and necessity; Accounts – Types and classification; basic terms

– Capital, Income, Expenditure, Expenses, Assets, Liabilities and application to

problems.

Journal and Ledger:

Double Entry System; Journal and recording of entries in journal with narration; Ledger –

Posting from Journal to respective ledger accounts.

Bank Reconciliation Statement:

Bank transactions, Preparation of simple bank reconciliation statement.

Trial Balance:

Need and objectives; Application of Trial Balance; different types of errors escaped trial

balance preparation; Rectification of errors.

Depreciation Accounting:

Needs and objectives; concept and application of Fixed and Reducing Installment

method; Application of above methods with purchase and sale of assets with alteration

(excluding retrospective methods).

Final Accounts:

Concept of adjustment; Application of Trading Account and Profit and Loss Account to

get Gross Profit and Net Profit; Application of Balance Sheet with Marshalling;

Application of final accounts problems.