ACCOUNTANCY

SYLLABUS FOR SEMESTER I

Modul Details
e
I Introduction to Accounting Standards
a. Accounting standards:
Concepts, benefits, procedures for issue of accounting standards.
AS – 1: Disclosure of Accounting Policies
AS – 10: Property, Plant & Equipment
AS – 26: Intangible Assets
II Final Accounts
a. Expenditures: Capital, Revenue
Receipts: Capital, Revenue
b. Adjustment and Closing entries
c. b. Final accounts of Manufacturing
Concerns ( Proprietary firm)
c. Departmental Final Accounts
III Accounting from Incomplete Records
a. Introduction
b. Balancing of Subsidiary Ledgers
c. Problems on preparation of final accounts of Proprietary Trading
Concern (conversion method)
IV Accounting for Hire Purchase
a. Meaning
b. Calculation of interest
c. Accounting for hire purchase transactions by asset purchase method
based on full cash price
d. Journal entries, ledger accounts and disclosure in balance sheet for
hirer and vendor (excluding default, repossession and calculation of cash
price)
 Evaluation Scheme

Type Internal Semester End

Assessment Examination
Total Marks 40 60
Minimum Passing 16 24
Mark

# Composition of Internal Assessment of 40 marks will be discussed in the lecture.

EXAMINATION PAPER PATTERN FOR SEMESTER END

 Maximum Marks: 60
 Questions to be asked: 04
 Duration: 2 Hours
All Questions are Compulsory Carrying 15 Marks Each
Questio Particular Marks
n No
Q-1 Objective Questions
A) Sub Questions to be asked 10 and to be answered 07 15 Marks
B) Sub Questions to be asked 10 and to be answered 08
(*Multiple Choice/True or False/Fill in the blanks/Match the
column)
Q-2 Practical Question 15 Marks
OR
Q-2 Practical Question 15 Marks
Q-3 Practical Question 15 Marks
OR
Q-3 Practical Question 15 Marks

Q-4 Practical Question 15 Marks

OR
Q-4 Practical Question 15 Marks
Note: Practical questions of 15 marks may be divided into two sub questions of 7 marks or 8
Marks each.