Financial Accounting BBA First Sem KUK University NEP-2020

Unit

Topics

Contact Hours

I

Basic Accounting-Nature, Scope and Objectives of Accounting: Accounting as Information System, Users of Accounting Information. Accounting Equation: Accounting Concepts and Conventions, Capital and Revenue Expenditure; Accounting Principles, Rules of Accounting for Recording the Transaction for Different Accounts.

15

II

Journal and Ledger: Double Entry System; Journal and Recording of Entries in Journal; Ledger- Posting from Journal to Respective Ledger Accounts. Preparation of Cash book.

15

III

Trial Balance: Need and Objectives; Preparation of Trial Balance; Different Types of Errors in Preparation of Trial Balance and the Rectification of Errors. Preparation of Bank Reconciliation Statement.

15

IV

Final Accounts: Preparation of Trading Account and Profit and Loss Account; Receipts and Payments Account, Preparation of Balance Sheet for Profit and Non-Profit Organisations.

15