In this chapter you will learn the accounting principles and concepts adopted when preparing financial statements.
In this chapter you will learn the difference between capital and revenue expenditure / receipts.
In this chapter you will learn how to prepare an amended cash book and a bank reconciliation statement.
In this chapter you will learn the accounting entries for irrecoverable debt and allowance for irrecoverable debts
In this chapter you will learn how to prepare sales ledger control account and purchases ledger control account.
In this Chapter you will learn the various methods of calculating depreciation and the profit or loss arising from disposal of non current assets.
In this chapter you will learn how to correct errors made in the ledger and how to calculate corrected profit.
In this chapter you will learn how to calculate the profit or loss of a business where parts of the records are not available. The objective is to convert single entries into double entries.
In this chapter you will learn how to prepare the financial statements of partnership business.
In this chapter you will learn the accounting entries for admission/ retirement of partner and accounts to be adjusted in case change in profit sharing ratio.
In this chapter you will learn how to close down a partnership business.
In this chapter you will learn how to prepare the final accounts of a company.
In this chapter you will learn the accounting entries needed to record amount received on application and allotment of shares
In this chapter you will learn the accounting entries for bonus issue and rights issue.
In this chapter you will learn how to calculate and interpret the main accounting ratios.
In this chapter you will learn the basis of inventory valuation and its method.
In this chapter you will learn how to classify costs.
In this chapter you will learn how to calculate contribution, break even point, cs ratio and margin of safety.
