Dibrugarh University
Syllabus for B.COM Programme
Under Directorate of Distance Education
1st Year
Course No: B.COM. 103: FINANCIAL ACCOUNTING
Total Marks: 90
Objectives: To impart reasonable
knowledge on the subject and its application to business.
Block I:
Financial Accounting: 18
Preparation
of Financial Statement for profit organization, Accounting of not-for-profit
organisations; Preparation of Income and Expenditure Account, preparation of
Receipt and Payment Account & Income & Expenditure Account with various
adjustments relating to advance and arrear receipts and payments; Accounts from
Incomplete Records upto preparation of Financial Statements.
Block II: Hire
Purchase System and Installment Accounts: 18
Hire
purchase and installment accounts; difference between hire purchase and
installment, legal position; accounting entries in the books of hire purchaser
and hire vendor, calculation of interest, determination of cash price of an
assets, return of goods, reserve for service; Accounting entries in case on
installment transactions.
Block III:
Partnership Accounts: 18
Advance
problem relating to admission, retirement, death and amalgamation; Dissolution
of Firm and partnership and settlement of accounts, treatment in accounts of
insolvency of partners, gradual realization of assets and piecemeal
distribution.
Block IV:
Royalties Accounts: 18
Royalty
accounts; minimum rent or dead rent, short workings recoupment and sub-lease;
royalty’s receivable and payable accounts; Accounting entries concerning
various aspects of royalty transactions; Branch Account and Department
Accounts.
Block V: Introduction
to Government Accounting: 18
Objectives,
difference between Govt. Accounting and Commercial Accounting; General
principles of Govt. Accounting; Classification and forms of Govt. Accounting;
System of Financial Administration in India, Classification of expenditure in
Govt. Accounts.
Suggested Readings:
1. Maheswari
& Maheswari: Advanced Accountancy; Vikas Publishing House, New Delhi.
2. Rajaseharam:
Financial Accounting; Pearson Education, New Delhi.
3. Jaffarulla;
A: Financial Accounting; Vrinda Publications (P) Ltd. Delhi.
4. Jaffarulla;
A: Financial Accounting I and II, Vrinda Publications (P) Ltd. Delhi.
5. Shukla,
Grewal & Gupta: Advanced Accounts; S. Chand & Co. Ltd. New Delhi.
6. Maheswari,
S. N. & Maheswari S. K.: Advanced Accountancy; Vikash Publishing House Pvt.
Ltd., New Delhi.
7. Jain
& Narang: Advanced Accounting; Kalyani Publishers, Delhi.
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