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Principles & Practice of Accounting

Covers journal entries, ledger, trial balance, final accounts, depreciation, partnership and company accounts as per ICAI syllabus.

Exam Pattern

100
Total Marks
180 min
Duration
Subjective (Descriptive)
Question Type
728
Total Questions
0
Negative Marking
40%
Passing Marks

Detailed Syllabus

Complete topic-wise breakdown as per ICAI curriculum

1

Theoretical Framework

  • •Meaning and Scope of Accounting
  • •Accounting Concepts, Principles and Conventions
  • •Capital and Revenue Expenditure/Receipts
2

Accounting Process

  • •Recording Transactions
  • •Subsidiary Books
  • •Books of Original Entry
  • •Cash Book
  • •Ledger
  • •Trial Balance
  • •Rectification of Errors
3

Bank Reconciliation Statement

  • •Causes
  • •Preparation
  • •Adjusted CB
  • •Meaning & Need
  • •BRS: Practical Problems
4

Inventories

  • •FIFO
  • •LIFO
  • •Weighted Avg
  • •Inventories: Meaning & Basics
  • •Inventories: Other Methods
  • •Inventories: Practical Problems
5

Depreciation and Amortisation

  • •SLM
  • •WDV
  • •Accounting
  • •Disposal
  • •Amortisation
  • •Depreciation: Meaning & Basics
  • •Depreciation: Other Methods
  • •Depreciation: Practical Problems
6

Bills of Exchange and Promissory Notes

  • •Terms
  • •Drawer Entries
  • •Drawee Entries
  • •Dishonour
  • •Renewal
  • •Retiring
  • •Accommodation
  • •Insolvency
  • •Bills of Exchange: Meaning & Basics
7

Final Accounts of Sole Proprietors

  • •Trading A/c
  • •P&L A/c
  • •Adjustments
  • •Final Accounts (Sole Proprietor): Introduction
  • •Final Accounts (Sole Proprietor): Balance Sheet
  • •Final Accounts (Sole Proprietor): Practical Problems
8

Financial Statements of Not-for-Profit Organizations

  • •R&P A/c
  • •I&E A/c
  • •Subscriptions
  • •Donations
  • •Entrance Fees
  • •Legacy
  • •Life Membership
  • •NFP Accounts: Balance Sheet
  • •NFP Accounts: Introduction
  • •NFP Accounts: Practical Problems
9

Accounts from Incomplete Records

  • •Statement of Affairs
  • •Conversion Method
  • •Debtors A/c
  • •Creditors A/c
  • •Bills
  • •Cash/Bank
  • •Incomplete Records: Introduction
  • •Incomplete Records: Practical Problems
10

Partnership and LLP Accounts

  • •Capital A/c
  • •P&L Appropriation
  • •Admission
  • •Retirement
  • •Death
  • •Dissolution
  • •Partnership & LLP: Introduction
  • •Partnership & LLP: Practical Problems
11

Company Accounts

  • •Share Capital
  • •Issue of Shares
  • •Oversubscription
  • •Calls
  • •Forfeiture
  • •Re-issue
  • •Debentures
  • •Company Accounts: Introduction
  • •Company Accounts: Practical Problems

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