15CP13T: Financial Accounting – 1 CP 1st Sem Syllabus for Diploma DTE Karnataka C15 Scheme

Financial Accounting – 1 detail DTE Kar Diploma syllabus for Commercial Practice (CP), C15 scheme is extracted from DTE Karnataka official website and presented for diploma students. The course code (15CP13T), and for exam duration, Teaching Hr/week, Practical Hr/week, Total Marks, internal marks, theory marks, duration and credits do visit complete sem subjects post given below. The syllabus PDFs can be downloaded from official website.

For all other cp 1st sem syllabus for diploma c15 scheme dte karnataka you can visit CP 1st Sem Syllabus for Diploma C15 Scheme DTE Karnataka Subjects. The detail syllabus for financial accounting – 1 is as follows.

Pre-requisites:

Knowledge of Basic Englilsh and Basic Mathematical Calculations.

Course Objectives:

The students shall be able to:

1. Know Basic Knowledge of Financial Accounting
2. Familirise with basic terms of accounting.
3. Familiarize with the Methods of Recording various Business Transactions
4. Acquire necessary Skills to maintain various Books of Accounts

Course Outcomes:

For complete syllabus and results, class timetable and more pls download iStudy Syllabus App. Its a light weight, easy to use, no images, no pdfs platform to make students life easier.

UNIT – I: Introduction to Book-Keeping and Accounting:

Meaning-Definition of Book-Keeping, Accounting,and Accountancy-Objectives of Book-keeping and Accounting-Difference between book-keeping and Accounting- difference between Accounting and Accountancy. – Branches of Accounting – Advantages of Accounting -Disadvantages of Accounting. 06 Hrs

UNIT-II: Systems of Book Keeping and Accounting:

Meaning of Single Entry and Double Entry Systems of Book Keeping and accounting. Advantagaes and disadvantages of Double entry system.

Basic Terms used in of Book Keeping and Accounting: Entity, Event, Transaction, Cash Transaction, Credit Transaction, Goods,Purchases,Sales,Purchases Returns,Sales returns, Stock,Opening Stock ,Closing stock, Debtor, Creditor,Solvent,Insolvent , Assets, Liabilities,Capital, Equity, Drawings,Expenditure, Profit, Loss, Income, Gain, Trade Discount, Cash Discount,Books of accounts,Account, On account, Debit ,Credit, Receipt, Voucher, Bad debts, Doubtful debt., Folio, C/D,B/D, C/F, B/F, Classification of Accounts -Rules for Debit and Credit-,Accounting equations. 06 Hrs

UNIT – III : Journal:

For complete syllabus and results, class timetable and more pls download iStudy Syllabus App. Its a light weight, easy to use, no images, no pdfs platform to make students life easier.

UNIT – IV : Ledger:

Meaning of Ledger-Uses of Ledger-Format of Ledger Account-Posting of Journal Entries into the concerned Ledger Accounts – Balancing of Ledger Accounts -Meaning of debit balance and credit balance(Problems and solutions). 10 Hrs

UNIT – V : Subsidiary Books:

Meaning of Subsidiary Books – Uses of Subsidiary Books – Types of Subsidiary Books -Purchases Day Book – Proforma of Purchases Day Book. – Sales Day Book – Proforma of Sales Day Book – Purchase Returns Book – Proforma of Purchase Returns Book – Sales Returns Book -Proforma of Sales Returns Book – Journal Proper (Problems and solutions). 06 Hrs

UNIT – VI : Cash Book:

For complete syllabus and results, class timetable and more pls download iStudy Syllabus App. Its a light weight, easy to use, no images, no pdfs platform to make students life easier.

UNIT – VII : Trial Balance:

Meaning – features- Format of Trial Balance-Preparation of Trial Balance from the ledger account balances.( Problems and solutions. 05Hrs

RESOURCES: BOOKS FOR REFERENCE:

1. Introduction to Accountancy by T.S.Grewal
2. Double Entry Book Keeping by T.S.Grewal
3. Introduction to Accountancy by S.N. Maheshwari
4. Accountancy by Dr. T V Raju, Sapna Publications.
5. Accountancy Vol I by B.S. Raman
6. Accountancy Vol I by Kadkol
7. Accountancy by Jain and Narang.
8. Introduction to Accountancy – Juneja. C.M. and R.K. Saxena.
9. Accountancy – J.G. Janardhan
10. Accountancy -Reddy and Appananiah

E – BOOK REFERENCE:

Fundamentals of Accountancy – Rao, PHIL publication.

Model Question Paper:

PART – A

(Answer any SIX Questions. 6 x 5 = 30

1. Briefly explain different branches of Accounting. (5)
2. What are the different types of Accounts? State the rules for debiting and crediting the accounts. (5)
3. State the differences between book keeping and accounting (5)
4. Calculate the missing figures using accounting equations. (5)

[Assets Liabilities Capital]

1. 120000 ? 80000
2. ? 188000 230000
3. 192000 66000 ?
4. ? 117000 223000
5. 98000 115000 ?
5. What do you mean by subsidiary books? State the different types of subsidiary books. (5)
6. Prepare purchases day book from the following transactions: (5)
1. April 1 Bought 200 kgs of sugar at Rs 30/- per kg.
2. April 4 Purchased 300 kgs of wheat from surdarshan, Bijapur traders at Rs 40/- per kg at a trade discount of 5%.
3. April 6 Bought 500 tins groundnut oil from Krishna oil mills, Haveri, at Rs 400/- per Tin. April 10 Bought 500 kgs of rice from Shamnur Rice Mills, Davanagere at Rs 40/- per kg.
4. April 12 Bought 200 Tins of Tea powder from Jayanthi traders, Hubli at Rs 40/- per Tin.
7. Enter the following transactions in the sales book. (5)
1. March 1 Sold to Avanish and company, Hubli 20 bags of rice at Rs 200/- per bag.
2. March 8 Sold to Srinivas Bangalore, 100 bags of sugar at Rs 50/- per bag.
3. March 10 Sold to Naveen of Bombay 200 bags of wheat at Rs 50/- per bag.
4. March 20 Sold to Dinesh and company, Gadag, 20 bags of groundnut at Rs 100/- per bag.
5. March 28 Sold to Ashok Hotel,Bangalore, 20 bags of wheat flour at Rs 200/- per bag.
8. Enter the following transactions in a simple cash book and balance the same. 5
1. Jan 1 Started business with cash Rs 10,000/-
2. Jan 5 Bought goods for cash Rs 6,000/-
3. Jan 8 Sold goods to Harish for cash Rs 12,000/-
4. Jan 10 Paid into bank Rs 2,000/-
5. Jan 12 Purchased goods from Anil on credit Rs 3,500/-
6. Jan 14 Paid salary to manager Rs 1,500/-
7. Jan 18 Bought stationery Rs 500/-
8. Jan 20 Withdrawn cash for personal use Rs 100/-
9. Jan 30 Bought furniture Rs 800/-

PART – B

(Answer any FIVE Questions. 5x 10= 50

1. Journalise the following transactions in the books of Rahul. 10
1. March 1 Started business with cash Rs 20000, furniture Rs 10000/-
2. March 3 Deposited in Canara bank Rs 8000/-
3. March 5 Bought machinery from Tata Steel Ltd for cash Rs 2000/-
4. March 6 Purchased goods from Srinath Rs 4500/-
5. March 8 Sold goods to Virat Rs 6800/-
6. March 10 Returned goods to Srinath Rs 500/-
7. March 12 Recieved cash from Virat Rs 4800/- and discount allowed to him Rs 200/-
8. March 16 Paid salary Rs 2000/-
9. March 20 Received commission Rs 800/-
10. March 30 Withdrawn cash for personal use Rs 1500/-
2. Prepare the personal account of Narendra from the following transactions. State whether he is a debtor or creditor. 10
1. April 1 Debit balance to Narendra’s Account Rs 10000/-
2. April 2 Sold goods to Narendra Rs 5500/-
3. April 6 Received from Narendra Rs 6500/-
4. April 6 Allowed him discount Rs 200/-
5. April 10 Narendra bought goods on credit from us Rs 2500/-
6. April 15 Received cash from Narendra 2400/-
7. April 15 Allowed him discount Rs 100/-
8. April 20 Purchased goods on credit from Narendra Rs 2500/-
9. April 25 Paid cash to Narendra Rs 2000/-
10. April 28 Returned goods to Narendra Rs 250/-
3. From the following transactions, prepare the ledger accounts and balance the same. 10
1. June 1 Paid into bank Rs 10000/-
2. June 2 Bought goods from Ekanth Rs 5000/-
3. June 6 Sold goods to Vijay Rs 2500/-
4. June 8 Received cash from Vijay Rs 880/- allowed him discount Rs 20/-
5. June 12 Sold goods for cash to Prasad Rs 2000/-
6. June 15 Goods returned by Vijay 200/-
7. June 20 Returned goods to Ekanth Rs 100/-
8. June 25 Drew from bank for office use Rs 5000/-
9. June 26 Bought goods for cash Rs 2000/-
10. June 28 Drew from bank for personal use Rs 2000/-
11. June 30 Paid for office rent Rs 1000/-
12. June 30 Paid for office salaries Rs 4000/-
13. June 30 Paid for general expenses Rs 2000/-
4. Enter the following transactions in proper subsidiary books.
1. July 1 Bought goods from Mohan Rs 6500/-
2. July 4 Sold goods to Vinod Rs 2000/-
3. July 5 Allowances claimed from Mohan for shortage Rs 100/-
4. July 7 Sold goods to Das Rs 2500/-
5. July 10 Bought goods from Ravindra Rs 4000/-
6. July 11 Allowances granted to Das for shortage Rs 50/-
7. July 15 Sold goods to Aravind Rs 2700/-
8. July 20 Sold goods to Bhavani Rs 3000/-
9. July 22 Bhavani returned goods Rs 200/-
10. July 24 Returned goods to Ravindra Rs 300/-
11. July 26 Sold goods to Gurudas Rs 3500/-
12. July 27 Allowed Aravind for damaged goods Rs 100/-
13. July 29 Received goods returned by Gurudas Rs 200/-
5. From the following ledger balances extracted from the books of Ashwath Narayan, prepare trail balance as on 31-3-2014.
1. Office salaries 6280/-
2. Sales 73,500/-
3. Plant and machinery 4,300/-
4. Stock on 1-4-2013 11,100/-
5. Sundry expenses 460/-
6. Discount allowed 1,150/-
7. Purchases 51,760/-
8. Trade expenses 2,630/-
9. Carriage inwards 240/-
10. Insurance 610/-
11. Bad debts 690/-
12. Commission paid 1,270/-
13. Repairs 980/-
14. Refund inwards 1,000/-
15. Rent and rates 3,220/-
16. Sundry debtors 1,430/-
17. Wages 30,040/-
18. Sundry creditors 14,660/-
19. Capital 32,500/-
20. Drawings 3,500/-
6. State the advantages and disadvantages of double entry system of book keeping.
7. Define the term Accounting, state the objectives of Accounting.

PART – C

1. Enter following transactions in a three column cash book of Ramesh. 20
1. Jan 1 Cash in hand Rs 12500 and at bank 18500
2. Jan 2 Cash received from Rajan Rs 1450/-in full settlement of his account for Rs 1500/-
3. Jan 5 Purchased goods and paid by cheque Rs 3500/-
4. Jan 6 Received a cheque from Ravi Rs 2000/-
5. Jan 7 Paid Ravi’s cheque into bank
6. Jan 11 Paid rent in cash Rs 2000/-
7. Jan 18 Paid to Nagaraj a cheque for Rs 1980/- and he allowed a discount Rs 20/-
8. Jan 20 Cash withdrawn from bank for office use Rs 2500/-
9. Jan 25 Purchased stationery Rs 2200/-
10. Jan 30 Drew from bank for personal use Rs 1700/-

OR
Journalise the following transactions in the books of Dinesh. 20

11. April 1 Dinesh commenced business with cash Rs 20,000/-
12. April 2 Deposited cash in canara bank Rs 6,000/-
13. April 4 Bought goods from Krishna Rs 5,000/-
14. April 6 Sold goods to Kiran Rs 4,000/-
15. April 8 Returned goods to Krishna Rs 200/-
16. April 10 Goods returned by kiran Rs 150/-
17. April 12 Bought cards, covers and stamps Rs 50/-
18. April 14 Received from Kiran on account Rs 2,500/-
19. April 15 Paid to Krishna on account Rs 2,500/-
20. April 17 Cash sales Rs 3,000/-
21. April 18 Cash purchases Rs 7,000/-
22. April 19 Bought stationery Rs 300/-
23. April 20 Purchased machine from godrej co Rs 5,000/-
24. April 21 Advanced Keshav Rs 2,000/- as loan
25. April 22 Paid for repairing machine Rs 200/-
26. April 23 Received cheque from Kiran for Rs 300/-
27. April 25 Drew for office use Rs 2,000/-
28. April 26 Bought office furniture Rs 2,000/-
29. April 29 Received cash from Kiran Rs 150/-
30. April 30 Paid salary Rs 500/-

For detail syllabus of all other subjects of BE Cp, C15 scheme do visit Cp 1st Sem syllabus for C15 scheme.

Dont forget to download iStudy Syllabus App for latest syllabus and results, class timetable and more.