Syllabus
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Course Code: SEC-410 (I) Course Name: PRINCIPLES OF ACCOUNTING |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | Basic Accounting: Nature, scope and objectives of accounting, Users of accounting information, Accounting equation: Accounting concepts and conventions, Capital and revenue expenditure. | |
| 2 | Journal and Ledger: Double Entry System, Journal and recording of entries in journal and subsidiary books with narration, Ledger – Posting from Journal and subsidiary books to respective ledger accounts. | |
| 3 | Trial Balance: Need and objectives, Preparation of Trial Balance, Different types of errors, Rectification of errors before
preparation of trial balance and after preparation of trial balance. Depreciation provisions and reserves: concept and classification, Methods of depreciation accounting |
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| 4 | Final Accounts: Concept of adjustment; Preparation of Trading Account and Profit and Loss Account. Preparation of
Balance Sheet. Preparation of Financial Statements at the end of financial year and their analysis. An introduction to accounting software- Tally Version. |
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