Dibrugarh University B.COM 1st Semester 1st Year Financial Accounting Subject wise Full Notes (CBCS) - myedu365
B.COM 1st Semester Notes (CBCS)
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FINANCIAL
ACCOUNTING
Objectives: The objective of this paper is to help students to acquire
conceptual knowledge of the financial accounting and to impart skills for
recording various kinds of business transactions.
CONTENTS
Unit 1
(a)Theoretical Framewor
(i) Accounting as an information
system,
(b) Accounting Process
From recording of a business transaction
to preparation of trial balance including adjustments.
(c) Computerised Accounting
Systems
Computerised Accounting Systems
Unit
2
(a) Business Income
(i) Measurement of business income.
(ii) Revenue recognition: Recognition of expenses.
(iii) The nature of depreciation.
(iv) Inventories: Meaning.
(b)Final Account
Capital and revenue
expenditures and receipt.
Unit 3
Accounting for Hire-Purchase and
Installment Systems, Consignment, and Joint Venture
(i) Accounting for
Hire-Purchase.
(ii) Consignment:
(iii) Joint Venture:
Unit 4
Accounting for Inland Branches
Concept of dependent branches; accounting
aspects;
Unit 5
Accounting for Dissolution of Partnership
Firm
Accounting of Dissolution of the
Partnership Firm.
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