2141: Accountancy II KL Diploma Syllabus for CP 2nd Sem 2015 Revision SITTTR

Accountancy II detailed syllabus for Commercial Practice (CP) for 2015 revision curriculum has been taken from the SITTTRs official website and presented for the CP 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 2nd Sem scheme and its subjects, do visit CP 2nd Sem 2015 revision scheme. The detailed syllabus of accountancy ii is as follows.

COURSE GENERAL OUTCOME

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SPECIFIC OUTCOME

MODULE 1

1. Understand meaning of Bank Reconciliation Statement
   1. State the purpose of BRS
   2. State the meaning of the pass book /statement of account
   3. Identify the differences between pass book and cash book
   4. Explain the causes of differences between the pass book balance and cash book balance
   5. Prepare Bank Reconciliation Statement
   6. Preparation of BRS under condition of bank overdraft

MODULE 2

1. Understand Bills of Exchange transactions
   1. Define Bill of Exchange, Promissory note and Cheque
   2. Distinguish between bill of exchange and Promissory Note
   3. State various terms in bills of exchange transactions
   4. Identify various kinds of bills
   5. Explain the method of recording bill of exchange transactions
   6. Give journal entries and ledger accounts on various occasions
   7. State the meaning of accommodation bills
   8. Explain the method of recording accommodation bills on the insolvency of the drawer and acceptor
   9. Compare trade bills and accommodation bills

MODULE 3

1. Understand the method of rectifying errors
   1. List out the types of errors
   2. State the steps to locate errors
   3. State journal entries for rectifying errors
   4. Explain suspense account
   5. State the journal entries to rectify errors through suspense account.
2. Understand the capital- revenue classification
   1. Explain Capital expenditure, Revenue expenditure, Capital receipts, Revenue receipts, Deferred revenue expenditure

MODULE 4

1. Understand final accounts
   1. Prepare final account without adjustments
   2. Explain various adjustments in Final Accounts
   3. Understand the preparation of final accounts with all adjustments
   4. Describe importance of making adjustments in the Final Accounts
   5. Identify the order in which items are to b e written in the balance sheet
   6. Explain how the given items are adjusted in the Final Accounts
   7. Prepare Final Accounts with adjustments.

MODULE 1

For the complete syllabus, results, class timetable, and many other features kindly download the iStudy App
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MODULE 2

Bills of Exchange, Promissory Note, Chequemeaningdefinitionbills of exchange vs. promissory noteimportant terms in bills of exchange transactionsacceptanceendorsementdishonor noting and protestingrenewal of billsretiring of bills—kinds of billsinland billforeign bill demand billtime bills- clean billdocumentary bill–method of recording bills of exchange transactionsjournal entries and ledger accounts on recording transactionsaccommodation bill meaningmethod of recording accommodation bills with special reference to insolvency of drawer and acceptortrade bill vs. accommodation bill.

MODULE 3

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MODULE 4

Preparation of Final Accounts with and without adjustmentsimportance of making adjustments in the final accountsvarious adjustmentsoutstanding expenditureunexpired expenditure accrued incomeunearned incomedepreciationbad debtsprovision for bad debtsprovision for discount on debtorsprovision for discount on creditorsinterest on capitalinterest on drawingsmanagerial commissionaccidental loss of stockpresentation of items in the balance sheet.

Reference 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.
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For detailed syllabus of all other subjects of Commercial Practice, 2015 revision curriculum do visit CP 2nd Sem subject syllabuses for 2015 revision.

To see the syllabus of all other branches of diploma 2015 revision curriculum do visit all branches of SITTTR diploma 2015 revision.