Financial statements: objective and importance.
Both the parts are compulsory for all.
Ledger - format, posting from journal, cash book and other special purpose books, balancing of accounts.
This question paper contains Two parts.Latest Designe Blueprint for Accountancy issued by cbse Board is given below.The students will then prepare Trading and Profit and Loss Account and Balance Sheet on the basis of the prepared trial balance.Cash book: simple cash book, cash book with discount column and cash book with bank and discount columns, petty cash book.Scope: (i) The scope of the unit is to understand accounting as an information system for the generation of accounting information and preparation nuclear physics by dc tayal pdf of accounting reports.Trial balance: objectives and preparation, scope: Trial balance with balance method only depreciation, Provisions and Reserves.Bases of accounting - cash basis and accrual basis.Learn cbse, ncert Solutions for Class 6, 7, 8, 9, 10, 11 and.Other books: purchases book, sales book, purchases returns book, sales returns book and journal proper.Collection of source documents, preparation of vouchers, recording of transactions with the help of vouchers.Detection and rectification of errors; preparation of suspense account.Unit-2: Accounting Process, recording of Transactions, accounting equation: analysis of transactions using accounting equation.Marks 1, remembering- (Knowledge based Simple recall questions, to know specific facts, terms, concepts, principles, or theories; Identify, define, or recite, information), understanding- (Comprehension -to be familiar with meaning and to understand conceptually, interpret, compare, contrast, explain, paraphrase, or interpret information), application (Use abstract information.Basic accounting terms: business transaction, account, capital, drawings, liabilities (non - current and current assets (non-current and current) fixed assets (tangible and intangible assets receipts (capital and revenue expenditure (capital, revenue and deferred expense, income, profits, gains and losses, purchases, purchases returns, sales, sales returns.
(ii) It is presumed that the working knowledge of any appropriate accounting software will be given to the students to help them learn basic accounting operations on computers.
Scope: (i) Adjustments in a question should not exceed 3 or 4 in number and restricted to subscriptions, consumption of consumables and sale of assets/ old material.