![]() Preparation of Bank Reconciliation Statement with the given cash book and the pass book with twenty to twenty-five transactions.Ĭomprehensive project starting with journal entries regarding any sole proprietorship business, posting them to the ledger and preparation of Trial balance. For this, the teachers may refer Chapter 4 of Class XII NCERT textbook on Computerized Accounting System.Ĭollection of Source Documents, Preparation of Vouchers, Recording of Transactions with the help of vouchers. It is presumed that the working knowledge of Tally software will be given to the students for the generation of accounting software. The scope of the unit is to understand accounting as an information system for the generation of accounting information and preparation of accounting reports. Generation of reports -Trial balance, Profit and Loss account and Balance Sheet. Sourcing of accounting Software (Kinds of software: readymade software customised software and tailor-made software Generic Considerations before sourcing accounting software) Introduction to Accounting Information System (AIS), as a part of MISĪccounting process in a computerised environment (Comparison between manual accounting process and Computerised accounting process.) Utility software and application software Introduction to Computer and Accounting Information System − Trading Account of incidental activities is not to be prepared. Preparation of Income and Expenditure account and Balance Sheet from the given Receipts and Payments account with additional informationĪdjustments in a question should not exceed 3 or 4 in number and restricted to subscriptions, consumption of consumables, and sale of assets/ old material.Įntrance/ admission fees and general donations are to be treated as revenue receipts. Unit 4: Financial Statements of Not-for-Profit Organizations Preparation of Trading and Profit and Loss Account and Balance Sheet of sole proprietorshipĪscertainment of profit/loss by statement of affairs method Unit 3: Financial Statements of Sole ProprietorshipĪdjustments in preparation of financial statements − ![]() Detection and rectification of errors −.Compensating their effect on Trial Balance.Accounting treatment of bill transactions.Bills of exchange and promissory note −. ![]() ![]() ![]() Written down value method (excluding change in method)īy creating provision for depreciation/ accumulated depreciation accountĭifference between provisions and reservesĬhapter 6: Accounting for Bills of Exchange
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