Financial Accounting II 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 2nd Sem scheme and its subjects, do visit Commercial Practice (CP) 2nd Sem 2021 revision scheme. The detailed syllabus of financial accounting ii is as follows.
Course Objectives:
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Course Outcomes:
On completion of the course, the student will be able to:
- Utilize the concepts of Bank Reconciliation Statement – solve problems relating mismatch between cash book and pass book.
- Identify types of errors and prepare accounting entries for rectification of errors.
- Prepare final accounts with and without adjustments. 2
- Identify Bill of Exchange and prepare accounting entries.
Module 1:
Bank Reconciliation Statement: Meaning of Bank Reconciliation Statement – Purpose -Meaning of Pass Book – Meaning of statement of account – Difference between Pass Book and Cash Book – Causes of differences between passbook balance and cash book balance -Preparation of Bank Reconciliation Statement – Preparation of BRS under condition of Bank Over Draft.
Module 2:
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Module 3:
Preparation of final accounts with and without adjustments: Importance of making adjustments in the final accounts – Various adjustments – Outstanding expenditure -Unexpired expenditure – Accrued income – Unearned income – Depreciation – Bad debts -Provision for bad debts – Provision for discount on debtors – Provision for discount on creditors – Interest on capital – Interest on drawings – Managerial commission – Accidental loss of stock – Presentation of items in the Balance Sheet.
Module 4:
Bills of Exchange: Meaning and definition of Bills of Exchange – Parties to Bills of Exchange – Meaning of Promissory Note – Meaning and definition of Cheque – Bills of exchange vs. Promissory note- Important terms in bills of exchange transactions -Acceptance – Endorsement – Dishonor – Noting and Protesting – Renewal of bills – Retiring of bills -Kinds of bills – Journal Entries.
Text Books:
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Reference Books:
- M C K Nambiar. Elements of Book keeping. Cannore, Kamalalayam.
Online Resources
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..
For detailed syllabus of all other subjects of Commercial Practice (CP), 2021 revision curriculum do visit Commercial Practice 2nd 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.