ELEMENTS OF BOOK-KEEPING AND ACCOUNTANCY (CODE NO. 254) for session 2024-25
100 Marks - 70 Marks Theory + 30 Marks Project
Units and Marks
- Capital and Revenue - 8 Marks
- Depreciation - 12 Marks
- Bank Reconciliation Statement - 14 Marks
- Bills of Exchange - 10 Marks
- Final Accounts - 14 Marks
- Accounting from Incomplete Records - 12 Marks
Project - 30 Marks
Unit 1: Capital and Revenue
Capital and revenue: Capital and revenue receipts, capital and revenue expenditure and deferred revenue expenditure.
Unit 2: Depreciation
Depreciation: Need and methods of charging depreciation-straight line and Diminishing balance method (no change in the method)
Unit 3: Bank Reconciliation Statement
Bank Reconciliation Statement: Meaning Preparation of BRS with the given cash book / passbook balance
Unit 4: Bills of Exchange
Bill of Exchange: Nature and use of Bills of Exchange, Terms used in Bills of Exchange. Simple transactions related to bills of exchange (No dishonour, retiring & renewal of the bill)
Unit 5: Final Accounts
Final Accounts: Preparation of Trading and Profit & loss Account and Balance Sheet of Sole trader. Adjustment for closing stock only. (amount of closing stock to be given)
Unit 6: Accounting from Incomplete Records
Accounting from Incomplete Records: Meaning; preparation of statement of Profit, statement of affairs. (statement of affairs method only)
Project Work
Project – I
Identify 20 items and classify them as capital and revenue receipts, capital and revenue expenditure and deferred revenue expenditure (OR any other topic related to the course content)
Project –II
Make a statement of affairs for incomplete records of a small shop. (OR any other topic related to the course content)