FINANCIAL ACCOUNTING-I RTMNU B.COM third Sem

Syllabus

Course Code: 3T1

Financial Accounting-I

Unit-I

Consignment Accounts

Meaning, Needs, Advantages and Formalities in Consignment, Difference between a Consignment and a Sale, Performa Invoice, Account Sales, Accounting Procedure of Consignment, Valuation of Consignment Stock. (Theory & Numerical)

Unit-II

Hire Purchase Accounts

Meaning of Hire Purchase Accounts, Features, Merits and Demerits of Hire Purchase System, Distinguish between Hire Purchase and Installment System, Accounting of Hire Purchase System (Excluding Installment System and Repossession of Assets) (Theory & Numerical)

Unit-III

Flotation of Joint Stock Companies and their Capital Structure

Types of Shares, Methods of Issue of Shares, Accounting for Issue, Forfeiture of Shares of Forfeited Shares (Theory & Numerical)

Unit-IV

Final Accounts of Joint Stock Companies (As Per New Company Act 2013 as Per Schedule-III)

Introduction, Statutory Provisions Regarding Preparation of Companies Final Accounts Provision for Interest on Debentures, Proposed Dividends. Interim Dividend. Prepare its Statement of Profit and Loss and Balance Sheet in the Format Prescribed Company Act-2013, Schedule-III (Excluding Managerial Remuneration) (Theory & Numerical)

The financial year ends on 31^st March.