Assam Higher Secondary H.S. 2nd Year ACCOUNTANCY COMPLETE NOTES - myedu365
Complete Accountancy Unit wise notes
H.S. 2nd Year
PART A
H.S. 2nd Year
PART A
PART B
CONTENTS
ACCOUNTANCY
Part:
A. Accounting
for Not for Profit Organizations and Partnership Firms
Unit No.
|
Topics
|
Marks
|
Unit I
|
Accounting for
Not-for-Profit Organizations
|
10
|
Unit II
|
Accounting for Partnership:
Basic Concept
|
10
|
Unit III
|
Reconstitution of
Partnership firm – Admission of a partner
|
10
|
Unit IV
|
Reconstitution of
Partnership firm – Retirement / Death of a partner
|
10
|
Unit V
|
Dissolution of Partnership
firm
|
10
|
Total
|
50
|
Part: B. Company Accounts and
Analysis of Financial Statements
Unit No.
|
Topics
|
Marks
|
Unit I
|
Accounting for Share
Capital
|
15
|
Unit II
|
Issue and Redemption of
Debentures
|
10
|
Unit III
|
Financial Statements of a
Company
|
08
|
Unit IV
|
Analysis of Financial
Statements
|
07
|
Unit V
|
Accounting Ratios
|
05
|
Unit VI
|
Cash Flow Statement
|
05
|
Total
|
50
|
Unit Wise Distribution of Course Contents:
Part A: Accounting for Not-for Profit Organisation and partnership Firms (Total Marks 50)
Unit-1
Accounting for Not-for-Profit organisation:
1. Meaning, characteristics, and accounting records of Not-for-profit Organisations.
2. Receipts and Payment Account: Meaning and Preparation.
Income & Expenditure Account: Meaning, special terms used in Not-for-profit organisation treatment of some peculiar items in Income & Expenditure Account, Concept of Fund Based and Non fund Based accounting, Preparation of Income and Expenditure Account and Balance Sheet from a Receipt and payment Account and additional information and form a give Trial Balance, Incidental Yrading Activities by Not-for-Profit Organisation.
Unit-2
Accounting of Partnership:
1. Basic Concepts, Characteristics of partnership, Partnership Deed, Contents of Partnership Deed.
2. Maintenance of Capital Accounts of Partners: Fixed and Fluctuating Capital, Distribution of Profit among partners, interest on capital, drawings, interest on drawings, interest on Partner's loan to a firm, salary/ commission to a partner, Guarantee of Profit to a partner, past adjustments.
3. Preparation of Final Accounts of Partnership Firm.
Unit-3
Reconstitution of Partnership Firm- Admission of a Partner:
1. Mode of Reconsitutation of partnership firm.
2. Admission of a New Partner: Matter relating to admission of a New partner, New Profit Sharing Ratio, Sacrificing Ratio.
3. Goodwill: Nature, needs, factors affecting and method of valuation: average profits, Super profits and Capitalisation method, accounting treatment of goodwill on admission of a partner.
4. Treatment of Accumulated Profits & Losses, Revolution of Assets and Re-assessment of Liabilities.
5. Adjustment of Capitals, Change in Profit sharing ratio among the Existing partners.
Unit-4
Reconstitution of Partnership Firm - Retirement/ Death of a Partner:
1. Ascertaining the Amount Due to Retiring/ Deceased Partner.
2. Matter requiring attention at the time of Retirement: New Profit Sharing ratio, Gaining Ratio, Treatment of Goodwill, Revaluation of Assets and Re-assessment of Liabilities, Adjustment of accumulated Profits/Reserve and losses.
3. Disposal of Amount due to Retiring Partner.
4. Adjustment of Partners capital
5. Death of a partner: Calculation of profit for the current period, treatment of Joint Life Policy and Individual Life Policy in case of death of a partner.
Unit-5
Dissolution of Partnership Firm:
1. Meaning, Dissolution of partnership, Dissolution of a Firm.
2. Settlement of Accounts: Preparation of Realisation Accounts and other related accounts, (excluding Piecemeal distribution, insolvency of a partner and sale to a company).
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