REVISED CURRICULA AND SYLLABII FOR
ASSAM HIGHER SECONDARY FIRST
YEAR (AHSEC 1ST YEAR)
(Commerce Stream)
Subject - Accountancy
Revised and Reduced syllabus for
2021 exam
3 Hours (One Paper - Marks: 100)
Unit wise Distribution of Course Contents:
|
Unit
No. |
Title |
Marks |
|
|
PART A : FINANCIAL ACCOUNTING – I
(60 Marks ) |
6 6 20 8 10 10 18 12 6 4 |
|
Unit – I Unit –
II Unit –
III Unit –
IV Unit – V Unit –
VI |
Introduction
to Accounting. Theory
Base of Accounting. Recording
of Business Transactions. Trial
Balance and Rectification of Errors. Depreciation,
Provision and Reserves. Accounting
for Bills of Exchange Transactions. |
|
|
|
PART – B : FINANCIAL ACCOUNTING – II
(40 Marks) |
|
|
Unit –
VII Unit –
VIII Unit –
IX Unit – X |
Financial
statements. Accounts
from incomplete records. Computers
in Accounting. Accounting
and Database system. |
|
|
|
Total |
100 |
Unit wise
Distribution of Course Contents:
Part 1: Book Keeping
Unit – I:
Introduction to Accounting:
1.
Accounting – Meaning, Objectives, Accounting
as source of information, Internal and External users of accounting information
and their needs.
2.
Qualitative Characteristics of Accounting
Information – Reliability, Relevance, Understandability and Comparability.
3.
Basic Accounting Terms – Assets, Liability,
Capital, Expenses, Income, Expenditure, Revenue, Debtors Creditors, Goods,
Cost, Gain, Stock, Purchase, Sales, Loss, Profit, Voucher, Discount,
Transaction, Drawings.
Unit – II:
Theory Base of Accounting:
1.
Accounting Principles - Meaning and Nature
2.
Accounting Concepts: Entity, Money
Measurement, Going Concern, Accounting Period, Cost Concept, Dual Aspect, Revenue
Recognition (Realisation), Matching Accrual, Full Disclosure, Consistency,
Conservatism, Materiality.
3.
Accounting Standards – Concept and List of Indian
Accounting Standards.
4.
Accounting Mechanism – Single Entry and Double
Entry.
5.
Bases of Accounting – Cash Basis, Accrual
Basis.
Unit – III:
recording of Business Transaction
1.
Voucher and Transaction: Origin of
Transactions – Source documents and Vouchers, Preparation of vouchers;
Accounting equations approach – Meaning and Analysis of transactions using accounting
equations; Rules of debit and credit.
2.
Recording of Transaction : Books of original
entry – Journal, Special purpose books :
a)
Cash book – Simple, Cash book with bank column
and Petty Cash book,
b)
Purchases book, Sales book, Purchases returns
book, Sale returns book; Ledger: Meaning, Utility, Format; Posting from Journal
and subsidiary books; Balancing of accounts.
3.
Bank Reconciliation Statement: Meaning, Need
and Preparation, Correct Cash balance.
Unit – IV:
Trial Balance and Rectification of Errors.
1.
Trial balance: Meaning, Objectives and
Preparation.
2.
Errors: Types of Errors; Errors affecting
trial balance; Errors not affecting trial balance.
3.
Detection and Rectification of Errors (one sided
and two sided); uses of suspense account.
Unit – V:
Depreciation, Provisions and Reserves.
1.
Depreciation : Meaning and Need for charging
depreciation, Factors affecting depreciation, Methods of depreciation –
Straight line method, Written down value method (excluding change in method),
Method of recording depreciation – charging to asset account, creating
provision for depreciation / accumulated depreciation account ; Treatment of disposal of an asset.
2.
Provision and Reserve: Meaning, Importance,
Difference between provisions and reserves, Types of reserves: Revenue reserve,
Capital reserve, General reserve, Specific reserve and Secret
reserve.
Unit – VI:
Accounting for Bills of Exchange Transactions.
1)
Bills of exchange and Promissory note:
Definition, Features, Parties, Specimen and Distinction.
2)
Important Terms : Term of Bill, Concept of
Accommodation Bill, Days of grace, Date of maturity, Bill after date,
Negotiation, Endorsement, Discounting of bill, Dishonor,
3)
Accounting treatment of bill transactions Retirement
and Renewal of a bill.
Part 2: Accountancy
Unit – VII:
Financial Statements;
1. Financial
Statements : Meaning and Users,
2. Distinction
between capital expenditure and revenue expenditure.
3. Trading
and Profit and Loss Account: Gross profit, Operating profit, Net Profit.
4. Balance Sheet:
Need, Grouping, Marshalling of assets and liabilities, Vertical presentation of
financial statement.
5. Adjustments
in preparation of financial statements with respect to Closing stock,
Outstanding expenses, Prepaid expenses, Accrued Income, Income received in
advance, Depreciation, Bad debts, provision for doubtful debts, Provision for
discount on debtors, Manager’s commission.
6. Preparation
of trading and profit and loss account and balance sheet of sole
proprietorship.
Unit – VIII:
Accounts from Incomplete Records.
1.
Incomplete Records: Meaning, Uses and
Limitations.
2.
Ascertainment of profit / loss by Statement of
Affairs method.
3.
Preparation of trading and profit and loss account
and balance sheet.
4.
Ascertaining missing figures in Total debtors
account, Total creditors account, Bills receivable, Bills payables and Cash
book and Opening statement of affairs.
Unit – IX:
Computer in Accounting.
1.
Introduction to Computer and Accounting
Information System (AIS).
2.
Application of Computers in accounting,
Automation of accounting process, designing accounting reports, MIS reporting,
date exchange with other information systems.
3.
Comparison of accounting processes in manual
and customized accounting, highlighting advantages and limitations of
automation.
4.
Sources of accounting system: Readymade and customized
and tailor-made accounting system. Advantages and disadvantages of
each option.
Unit – X:
Accounting and Database system
1.
Accounting and Database Management System.
2.
Concept of Equity and Relationship : Entries
and relationship in an Accounting system :
3.
Designing and Creating Simple Tables, Forms,
Queries and Reports in the context of Accounting system.
*****
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