B.Com.

Semester I

BASIC ACCOUNTING (Paper Code: BCOM 114)

Objective: This course provides conceptual knowledge of accounting and provides knowledge
about the techniques for preparing accounts in different type of business organisations.

Course Outcomes: After completing the course, the student shall be able to:

CO1 build an understanding of theoretical framework of accounting and be able to prepare financial
statements.

CO2 classify and record business transactions

CO3 Prepare accounts and Ledgers.
CO4 Prepare trial balance.

CO5 develop the skill of preparation of trading and profit and loss account and balance sheet

Unit-I 6 lectures

Introduction Conceptual Framework: Accounting meaning , importance, need and objectives,

Advantages and limitations.

Unit-II 10 lectures

Introduction of accounting terms, classification of accounts: personal account, Real account and
Nominal account. And traditional and modern methods of accounting.

Unit-III 12 lectures

Accounting Process: Journal, ledger.

Unit-IV 10 lecture

Trial Balance: Meaning , objectives and methods of preparing trial balance.

Unit-V 10 lectures

Preparation of trading and profit and loss account and balance sheet.

Suggested Readings:

1. Rao, Heda, Gupta, Financial Accounting, Apex Publishing House, Udaipur

2. Jain, Khandelwal, Pareek, Financial Accounting, Ajmera Book Company, Jaipur.
3. Charles T. Horngren and Donna Philbrick, Introduction to Financial Accounting, Pearson Education.

4. J.R. Monga, Financial Accounting: Concepts and Applications. Mayur Paper Backs, New Delhi.
5. M.C.Shukla, T.S. Grewal and S.C.Gupta. Advanced Accounts. Vol.-I. S. Chand & Co., New Delhi.