Financial Accounting I detailed syllabus for Commercial Practice (CP) for 2021 revision curriculum has been taken from the SITTTRs official website and presented for the Commercial Practice students. For course code, course name, number of credits for a course and other scheme related information, do visit full semester subjects post given below.
For Commercial Practice 1st Sem scheme and its subjects, do visit Commercial Practice (CP) 1st Sem 2021 revision scheme. The detailed syllabus of financial accounting i is as follows.
Course Objectives:
For the complete syllabus, results, class timetable, and many other features kindly download the iStudy App
It is a lightweight, easy to use, no images, and no pdfs platform to make students’s lives easier.
.
Course Outcomes:
On completion of the course, the student will be able to:
- Construct journal based on different accounting concepts, conventions and rules of debit and credit. 24 Applying
- Draw ledger and trail balance in different methods.
- Prepare different subsidiary books – purchases day book, sales day book, purchases return book and sales return book.
- Prepare single, double, three column and petty cash book.
Module 1:
INTRODUCTION TO FINANCIAL ACCOUNTING- Definition of accounting – book keeping vs accounting – branches of accounting – Meaning of financial accounting -features – objectives — limitations – Advantages – important terms used in accounting – GAAP -Accounting Concepts, Principles and Conventions – System of accounting – single and double entry – bases of accounting- meaning of Debit and Credit – accounting equation -Classifications of accounts – Rules for Debit and Credit – British Approach – American Approach – meaning of Journal and Journalizing – Narration – preparation of journals from various transactions – trade discount – cash discount.
Module 2:
For the complete syllabus, results, class timetable, and many other features kindly download the iStudy App
It is a lightweight, easy to use, no images, and no pdfs platform to make students’s lives easier..
Module 3:
SUBDIVISIONS OF JOURNAL – I – Meaning and purpose -Advantages – types of subsidiary journals – Purchase Day Book, Purchase Returns Book, Sales Day Book, Sales Returns Book, – Credit note- Debit note – Bills Receivable Book, Bills Payable Book -Cash book – Journal Proper – Preparation of subsidiary books (except cash book) – Preparation of ledgers from day books.
Module 4:
SUBDIVIONS OF JOURNAL-II – Meaning of Cash Book – types of cash book – Simple Cash Book – Two Column Cash Book – Three column cash book – Contra entry – cash book with overdraft – Petty Cash book – Imprest system – Analytical petty cash book – preparation of each type of cash book – preparation of ledgers from cash books.
Text Books:
For the complete syllabus, results, class timetable, and many other features kindly download the iStudy App
It is a lightweight, easy to use, no images, and no pdfs platform to make students’s lives easier..
Online Resources
- https://www.accountingcoach.com/
- https://www.deeppanacademy.com
- https://www.ddegjust.ac.in
For detailed syllabus of all other subjects of Commercial Practice (CP), 2021 revision curriculum do visit Commercial Practice 1st Sem subject syllabuses for 2021 revision.
To see the syllabus of all other branches of diploma 2021 revision curriculum do visit SITTTR diploma all branches syllabus..
To see the results of Commercial Practice (CP) of diploma 2021 revision curriculum do visit SITTTR diploma Commercial Practice (CP) results..
For all Commercial Practice academic calendars, visit Commercial Practice all semesters academic calendar direct link.