BOOK KEEPING & ACCOUNTANCY

Paper Code: 
COMS 202
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

The objective of this paper is to acquaint students with basics of Book-keeping and Accountancy.

12.00
Unit I: 
Book-Keeping and Accounting

Introduction: Meaning, Definition, Scope and objectives, Book-Keeping and Accounting, Basic Accounting terms, Generally Accepted Accounting Principles (GAAP)

12.00
Unit II: 
Accounting Equation

Accounting Equation, Double entry system,Books of original entry: Journal and subsidiary books

12.00
Unit III: 
Ledger

Ledger and Trial Balance

12.00
Unit IV: 
Bank Reconciliation

Errors and their rectification,
Bank Reconciliation Statement

12.00
Unit V: 
Capital and Revenue

. Classification of Capital and Revenue items,
Final Accounts: Without adjustments

Essential Readings: 

• Book-Keeping and Accountancy, Jain Khandelwal and Pareek
• Elements of Accounts, T S Grewal
• Accountancy, DK Goel, Rajesh Goel, Shelly Goel, Arya Publications
• Fundamentals of Accounting-I, Jain Khandelwal and Pareek

Academic Year: 
2022-2023
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