Accountancy (Deleted Portion)-2021

PART A: FINANCIAL ACCOUNTING - I                                
 
Unit-2: Accounting Process                                     
 
Topics Deleted 
 
Bank Reconciliation Statement: 
 

• Bank Reconciliation Statement with Adjusted Cash Book 

 
Accounting for Bills of Exchange      
            Retirement of bill 
 Renewal of bill 
 
Part B: Financial Accounting - II                                                                             
 
Unit 3: Financial Statements of Sole Proprietorship                                
 
Units/Topics 
 
Incomplete Records 
Difference between accounts from incomplete records and Statement of Affairs. 
Preparation of Trading, Profit and Loss account and Balance Sheet. 
 
 
Unit 4: Computers in Accounting                                 
 
Units/Topics 
 

• Introduction to operating software, utility software and application software. Introduction to accounting information system (AIS) as a part of Management Information System. 
• Stages in automation: (a) Accounting process in a computerised environment; comparison between manual accounting process and computerised accounting process, (b) Sourcing of accounting software; kinds of software: readymade software; customised software and tailor-made software; generic considerations before sourcing accounting software (c) creation of account groups and hierarchy 
• (d) generation of reports - trial balance, profit and loss account and balance sheet 
•  
• ●    5 lectures were reduced in project work.  
• ●    Total lectures reduced are 45 lectures.