In this chapter I will discuss the following topics
11.01 Meaning of Depreciation
11.02 Characteristics of Depreciation
11.03 Depreciation and Other Related Concepts
11.04 Causes of Depreciation
11.05 Accounting Concept of Accounting
11.06 Objectives or Need for Providing Depreciation
11.07 Factors or Basis of Providing Depreciation
11.08 Methods of Recording Depreciation
11.09 Methods of Charging Depreciation
11.10 Change of Method of Depreciation [Accounting Standard-6 (Revised)]
11.11 Practical Issues Relating to Depreciation
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In this chapter I will discuss the following topics
10.01 Meaning and Difference between Expenditure and Expense
10.02 Meaning and Difference between Income and Receipts
10.03 Meaning and Difference between Capital Expenditure and Revenue Expenditure
10.04 Meaning and Difference between Capital Receipt and Revenue Receipt
10.05 Meaning and Difference between Capital Profit (Capital Income) and Revenue Profit (Revenue Income)
10.06 Meaning and Difference between Capital Loss and Revenue Loss
10.07 Meaning of Deferred Revenue Expenditure
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9.01 Types of Errors
• Errors Disclosed by the Trial Balance
• Errors not Disclosed by the Trial Balance
• Locating Errors
9.02 Rectification of Errors
9.03 Suspense Account
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In this I will discuss the following topics
8.01 Meaning of a Trial Balance
8.02 Objectives or Utility of a Trial Balance
8.03 Limitations of Trial Balance
8.04 Methods of Preparing a Trial Balance
8.05 Preparation of the Trial Balance from Ledger Account Balances
8.06 Redrafting of a Trial Balance
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In this chapter I will discuss the following topics
7.01 Meaning of a Bank Reconciliation Statement
7.02 Need and Importance of a Bank Reconciliation Statement
7.03 Causes of Difference between Cash Book and Pass Book Balances
7.04 Methods of Preparing a Bank Reconciliation Statement
7.05 Preparation of a Bank Reconciliation Statement
7.06 Preparation of a Bank Reconciliation Statement given as an extract of the Cash Book as well as the Pass Book relating to the same month
7.07 Preparation of Bank Reconciliation Statement with Adjusted (corrected) Cash Book Balance
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5.01 Meaning of an Account
5.02 Meaning of Debit and Credit
5.03 Classification of Accounts
5.04 Significance of Debit and credit in Accounts
5.05 Journal
5.05.01 Steps and Rules of Journalising
5.05.02 Totaling and Carry Forward.
5.05.03 Simple and Compound Journal Entries
5.06 Opening Entry
5.07 Sub-division of Journal
5.08 Ledger
5.08.01 Meaning
5.08.02 Form of a Ledger
5.08.03 Mechanics of Posting
5.08.04 Balancing of Ledger Accounts
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Rules of debit and credit are applied to each transaction and a voucher is prepared before recording in the books of original entry, i.e., Journal and special purpose books in a chronological order. The entries recorded in these books of accounts are transferred to the
specific Ledger accounts.
4.01 Source Documents 4.02 Meaning of a Voucher
4.03 Types of Vouchers 4.04 Preparation of a Voucher
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3.01.01 Debtor
3.01.02 Creditor
3.01.03 Assets
3.01.04 Liabilities
3.01.05 Goods
3.01.06 Stock or Inventory
3.01.07 Profit
3.01.08 Loss
3.01.09 Expense
3.01.10 Expenditure
3.01.11 Revenues
3.01.12 Income
3.01.13 Transaction
3.01.14 Drawings
3.01.15 Capital
3.01.16 Cost
3.01.17 Gain
3.01.18 Freight
3.01.19 Purchases
3.01.20 Purchases Return
3.01.21 Import
3.01.22 Freight or Carriage Inwards
3.01.23 Sales
3.01.24 Sales Return
3.01.25 Export
3.01.26 Freight or Carriage Outwards
3.01.27 Voucher
3.01.28 Discount
3.01.29 Trade Discount
3.01.30 Cash Discount
3.01.31 Account
3.01.32 Books of Accounts
3.01.33 Entry
3.01.34 Debit
3.01.35 Credit
3.01.36 Proprietor
3.01.37 Receivables
3.01.38 Payables
3.01.39 Bills of Exchange
3.01.40 Bills Receivable
3.01.41 Bills Payable
3.01.42 Depreciation
3.01.43 Cost of Goods Sold
3.01.44 Bad Debts
3.01.45 Insolvent
3.01.46 Solvent
3.01.47 Book Value
3.01.48 Investments
3.01.49 Entity
3.01.50 Trial Balance
3.01.51 Trading Account
3.01.52 Profit and Loss Account
3.01.53 Balance Sheet
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