Please, follow the links below for details: Revised course based on Common core Curriculum. Book 1 (Eng. Medium) ( MB) PDF File Opens in a new. NIOS. Accountancy (). English Medium. Accountancy Book ( MB) PDF File Opens in a new window. Information About. Admission; On Demand. Nios Accountancy Full Book - Ebook download as PDF File .pdf), Text File .txt) Amount withdrawn by him for personal use 30, Interest on capital.
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Module V Accounting for Share and Debentures. EL6 · EL22 download NIOS Class 12 Accountancy Guide Books and Help Books. Leave a Reply Cancel. Download NIOS Class 12th Accountancy Book (Old) Module IV Partnership Accounts. EL2 · EL18 Module V Accounting for Share and Debentures. Course Accountancy 12th class NIOS Board Jhansi by SS Coaching and get all syllabus details of accountancy for 12th class in NIOS board or syllabus of accountancy of 12th class in NIOS board by SS coaching. 8. Special Purpose Books.
Book-keeping records will help in it.
This can be ascertained by maintaining proper books of accounts. Which of the following statements are True and which are False? Book-keeping is concerned with recording of business transactions in a systematic and significant manner. Book-keeping and accounting are synonymous terms. Book-keeping is a broader term than accounting.
Book-keeping helps in preparing budget of the business. The basic function of a language is to serve as a means of communication.
Accounting communicates the result of business operations to various parties who have some stake in the business. With the help of accounting records the business is able to ascertain the profit or loss and the financial position of the business at the end of a given period and communicate such information to all interested parties. The function of accounting is to provide quantitative information, primarily of financial nature, about economic entities, that is needed to be useful in making economic decisions.
The meaning of accounting was given by the American Institute of Certified Public Accountants AICPA in when it defined accounting as : Accounting is the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events, which are, in part at least, of financial character and interpreting the results thereof: American Accounting Association AAA has defined Accounting as: Accounting is the process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information.
Notes ii Cost Accounting : It helps in finding out the cost of production of a product manufactured or services rendered and helps the management in decision making.
You will study only Financial Accounting in this course. Objectives of Accounting The following are the main objectives of accounting: i To keep systematic records : Accounting is done to keep a systematic record of financial transactions, like download of goods, sale of goods, cash receipts and cash payments.
This is done by keeping a proper record of revenues and expenses of a particular period.
In other words, he wants to know what the business owes to others and what others owe to business. The required information is furnished to all these parties through accounting system. The books of accounts will serve as historical records. Any information required at any time can be easily collected from these records.
This enables the Notes management to draw useful conclusion about the business and make efforts to improve the performance. Properly maintained accounting records will help in the settlement of all tax matters with the tax authorities. Limitations of Accounting i Financial accounting permits alternative treatment : Accounting is based on concepts and it follows Generally Accepted Principles but there exist more than one principle for the treatment of any one item.
This permits alternative treatments within the framework of Generally Accepted Principles. For example, extent of competition faced by the business, technical innovations possessed by the business, loyalty and efficiency of the employees etc.
Module 4: Bank Reconciliation Statement 6 Marks Approach This module has been designed to explain the reasons responsible for the differences between the balance shown by Cash Book and Pass Book.
Module 5: Financial Statements 15 Marks Approach This module has been designed to explain to the learners the calculation of profit or loss during the accounting period. This also enables the learners to explain the financial position of the business on a particular date. Need, format of Balance Sheet, identification of Accounts to be written on liabilities and Assets side, Preparation of Balance sheet. Module 6 : Partnership Accounts 20 Marks Approach This module has been designed to explain to the learners the accounting procedure regarding admission, retirement and death of a partner through journal and accounting vouchers.
This also explains the valuation and recording of Goodwill and revaluation and realisation of assets and liabilities. Accounting Treatment of the following in the absence of Partnership Deed.
Unit 3: Retirement and Death of a Partner Meaning, Calculation of New Profit sharing ratio, calculation of Gaining ratio, Recording of goodwill, Revaluation of assets and liabilities, Accumulated reserves and profits, Adjustments regarding partners, Capital Accounts, Calculation of profit upto the date of death of a partner. Preparation of Relevant A. Module 7: Accounting for Share Capital 15 Marks Approach This module has been designed to impart to the learners the knowledge of different types of shares as a source of finance and their accounting treatment through Accounting Vouchers and journal.
Pre-Requisite Knowledge Familiarity with the company a form of business organisation. Content Units Unit 1: Joint Stock Company — An Introduction Meaning, characteristics and kinds of companies, Shares as a source of finance and its types, kinds of shares capital.
Unit 3: Forfeiture and Reissue of Forfeited Shares Meaning of forfeiture, Accounting Treatment for forfeiture of shares issued at Par, discount and Premium, Accounting Treatment for reissue of forfeited shares originally issued at par, discount and premium. Optional Modules Module 8: Analysis of Financial Statements 20 Marks Approach This module has been designed to explain the different accounting ratios to enable the learners to prepare the statement of sources and uses of funds.
Preparation of Balance Sheet. Courtesy:- NIOS.