ELEMENTS OF BOOK-KEEPING AND ACCOUNTANCY (CODE NO. 254) for 2024-25
100 Marks -- 70 Marks Theory + 30 Marks Project
Units and Marks
- Introduction to Book-Keeping and Accounting - 8 Marks
- Accounting Equation effects - 8 Marks
- Nature of Accounts and Rules for debit and credit - 8 Marks
- Journal - 12 Marks
- Ledger - 11 Marks
- Recording and posting of cash transactions - 12 Marks
- Trial balance - 11 Marks
Project - 30 Marks
Unit 1: Introduction to Book-keeping and Accounting
Introduction to Book-Keeping and Accounting: Need, objectives, advantages
Unit 2: Accounting Equation Effects
Accounting Equation effects: Business entity Concept, dual aspect of transaction and the accounting equation, effect of transactions on accounting equation.
Unit 3: Nature of Accounts and Rules of Debit and Credit
Nature of Accounts and Rules of debit and credit: Classification of accounts, rules debit and credit, preparation of accounting vouchers and supporting documents (Bills, cash memo, debit note, credit note)
Unit 4: Journal
Journal: Need for journal, journal entries (no compound entries), subsidiary books (Cash book, purchase book, sales book, purchase return book, sales return book and journal proper)
Unit 5: Ledger
Ledger: Definition and importance, relation between journal and ledger. Meaning of posting, guiding rules procedure of posting transactions from journal to ledger and balancing of accounts.
Unit 6: Recording and Posting of Cash Transactions
Recording and posting of cash transactions: Necessity of Cash book and its preparation. Simple cash book and cash book with cash and discount column. Petty cash book with imprest system.
Unit 7: Trial Balance
Trial Balance: Purpose and Preparation (Only Balance Method; No suspense Account)
Project Work
Project – I
Prepare a pictorial/verbal dictionary of accounting terms
Or
Prepare subsidiary books
Or
Diagrammatic presentation of principles of accounting (Or any other topic related to the course content)
Project – II
Preparation of a Cash Book of;
i. Your pocket money
ii. Help your parent to maintain one month cash statement (OR any other topic related to the course content)