This week in class.

• Accounting equations.
• Various concepts and Principles of accounting was discussed in the class with the help of example.

HOLIDAYS HOMEWORK

ACCOUNTANCY
  You are required to collect source documents like receipts, bill, counter foil, cash memos etc. and paste it in your project file. Give a brief description of various source document pasted.
  Visit any nearby bank of your area collect forms required to be filled for opening an account. Paste it in your file.
 The work has to be done in own handwriting. Highlight the important points.

Announcement

• Holidays Home Work

•  WHAT IS ACCOUNTING? GIVE  ITS FEATURES.
• WHAT IS A CASH TRANSACTION?
• EXPLAIN MATERIALITY PRINCIPLE .
• WHAT ARE THE DIFFERENCE BETWEEN CASH BASIS OF ACCOUNTING AND ACCRUAL BASIS OF ACCOUNTING ?
• HOW IS TRADE DISCOUNT RECORDED IN THE BOOKS OF ACCOUNT?
• WHAT DO YOU UNDERSTAND BY SUBSIDARY BOOKS?DESCRIBE THE OBJECTS OF PREPARING SUCH BOOKS.
• WHEN AND WHY BANK RECONCILIATION STATEMENT IS  PREPARED?
• WHAT IS DEPRECIATION ?WHAT IS THE NEED FOR PROVIDING DEPRECIATION?
• WHAT ARE THE DIFFERENT CLASSES OF ERRORS?
• DEFINE SINGLE ENTRY SYSTEM.WHAT ARE THE DEFECTS OF THIS SYSTEM?
• NON PROFIT ORGANISATION HAVE SOME DISTINGUISHING FEATURES FROM THAT OF PROFIT MAKING ORGANISATIONS.
•  SOLVE  DAV SAMPLE PAPER PROVIDED AND LAST YEARS QUESTION PAPERS.
• SUBMIT THE PROJECT AS ASSIGNED.

This week in class

• completed voucher.
• Rectification of errors.
•  Full Syllabus complete .
• Start doing sample papers.

This week in class

. Rectification of error.
.Types of errors.
. Rectification of error by journal entry and with suspense  account.
. Numericals based on the topic was solved in the class.

This Week In Class

• Meaning Of Not For Profit Organisation, its features,difference between NPO and other Business.
• Types of accounts maintained by NPO.
• Important terms of NPO.
• Numericals on calculation of subscription,consumables were solved in the class.

This week in class

• Bills of exchange:
• Meaning, Parties of bills of exchange, Promissory note Its parties
• Various related terms to B/E was taught in the class.
• Accounting treatment of B/E in various cases was made clear to the student with the help of numericals.