| 1 | Double Entry System |
| 1.1 Features of Double Entry System |
| 1.2Advantages of Double Entry System |
| 1.3Limitations of Double Entry System |
| 2 | Account |
| 2.1 Classification of Accounts |
| 3 | Ledger |
| 3.1 Process of Ledger Posting |
| 4 | Trial Balance |
| 4.1 Definition |
| 4.2 Feature’s of a Trial Balance |
| 4.3 Purpose of a Trial Balance |
| 4.4 Preparation of a Trial Balance |
| 4.5 Is Trial Balance indispensable ? |
| 4.6 Forms of a Trial Balance |
| 4.7 Method of Preparation |
| 4.8 Summary of Rules |
| 4.8 Errors which are disclosed by a Trial Balance/Advantages of a Trial Balance |
| 4.9 Errors which are not disclosed by a Trial Balance/Limitations of a Trial Balance |
| 4.10 Procedure to locate Errors, Or, Steps to be taken if the Trial Balance does not agree : |
| 4.11 Suspense Account / Differnce in Books of Account |
| 5 | DEPRECIATION - Introduction |
| 5.1Causes of Depreciation |
| 5.2 Factors on which Depreciation Depends |
| 5.3 Objects of Charging Depreciation |
| 5.4 Problems of Measurement of Depreciation |
| 5.5 Accounting Implications of Depreciation |
| 5.6 Characteristics of Depreciation |
| 5.7 Depreciation — Parameters of Different Views |
| 5.8 Application of Accounting Standards Regarding Depr... |
| 5.9 Accounting Standard for Fixed Assets (AS 10) |
| 5.10 “Depreciation Accounting” (AS 6) (Revised) |
| 5.11 Methods of Charging Depreciation |
| 5.11 I. Fixed / Equal Instalment OR Straight Line Metho... |
| 5.11 2. Reducing / Diminishing Balance Method OR Writte... |
| 5.11 3. Sum of Years Digit Method |
| 5.11 4. Double Declining Balance Method : |
| 5.11 5. Working Hours Method |
| 5.11 6. Mileage Method |
| 5.11 7. Depletion Unit Method |
| 5.11 8. Service Hours Method |
| 5.11 9. Sinking Fund Method |
| 10. Annuity Method |
| 11. Insurance Policy Method |
| DISPOSAL OF AN ASSET |
| 1.3 ACCOUNTING FOR INVENTORY |
| Valuation of Inventory |
| Methods of Inventory Valuation |
| 1. First in First out (abbreviated as FIFO) method... |
| 2. Last in First out (abbreviated as LIFO) method ... |
| 3. Weighted Average Method |
| 4. Base Stock Method : |
| 5. Specific Identification Method : |
| 6. Standard Cost Method : |
| 7. Adjusted Selling Price (also Called Retail Inve... |
| 8. Latest Purchase Price Method & Next In First Ou... |
| If Inventory is Valued at Market Price (not recomm... |
| If Inventory is Valued at a Notional Price |
| Methods of Ascertaining Net Realisable Value (NRV)... |
| Valuation of Stock as on the Balance Sheet Date |
| 1.4. DISTINCTION BETWEEN CAPITAL AND REVENUE |
| Capital and Revenue Expenditures |
| The accounting treatment of capital and revenue ex... |
| Rules for Determining Capital Expenditure |
| Some examples of capital expenditure: |
| Rules for Determining Revenue Expenditure |
| Some examples of revenue expenditure |
| Replacement of Fixed Assets |
| Deferred Revenue Expenditures |
| Capital and Revenue Receipts |
| Capital and Revenue Profits |
| Capital and Revenue Losses |
