Book: Accounts

LEARNING OBJECTIVES After studying this lesson you will be able to:

  • State the meaning and concept of depreciation.
  • Explain the need and factors affecting depreciation.
  • Explain the methods of charging depreciation.
  • Show the Accounting Treatment of Depreciation.
  • State the meaning of Provision and Reserve.
  • Differentiate between Provision and......

    Continue Reading LEARNING OBJECTIVES After studying this chapter Students will be able to tell:

  • Meaning and Importance of Ledger.
  • Format of Ledger.
  • Posting from Journal.
  • Postings from Cash Book and other Subsidiary Books.
  • Closing and Balancing of Ledger Accounts.
  • Trial Balance — Meaning, objectives and Preparation.

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                 Bank Reconciliation Statement is prepared to reconcile the difference between the bank Balance shown by the Cash Book and Bank Pass Book. Learning objectives
(1) Meaning of Bank Reconciliation statement.
(2) Causes of Differences in Bank Balance as per Cash Book......

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Learning Objectives After studying this chapter, you will be able to :

  • Explain how to Prepare accounting vouchers.
  • Apply accounting equation to explain the effect of transactions.
  • Record transactions using rules of debit and credit.
  • Record transactions in journal and other subsidiary books.
Suggested Method : Discussion method, Illustration......

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Learning Objectives After studying this chapter, students will be able to:  

  • Describe the meaning of Accounting Assumptions and Accounting Principles.
  • Explain the Accounting Standard and IFRS along with their objectives.
  • Describe the Bases of Accounting.
  • Distinguish between Cash Basis of Accounting and Accrual Basis of Accounting
  Main objective of......

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