SELF LEARNING MATERIAL
B.Com. – FINANCIAL ACCOUNTING
COURSE : B.Com - 103
B.Com. (1st Semester)
Directorate of Distance Education
DIBRUGARH UNIVERSITY
DIBRUGARH - 786 004
,BLOCK-1: FINANCIAL ACCOUNTING
Unit 1: Financial Statements for Profit Organisation
Unit 2: Accounting of Not for Profit Organisation
Unit 3: Accounts of Incomplete Records: Single Entry System
BLOCK-2: HIRE PURCHASE SYSTEM AND INSTALLMENT
ACCOUNTS
Unit 1: Hire Purchase and Installment Account
Unit 2: Accounting Entries in the Books of Hire Purchaser and Hire
Vendor
BLOCK- 3: PARTNERSHIP ACCOUNTS
Units 1: Dissolution of Partnership Firms
Unit 2: Insolvency of Partners
Unit 3: Sale of a Firm to a Company: Purchase Considerations and
Accounting Entries
BLOCK- 4: Royalty Accounts
Unit 1: Royalties Accounts
Unit 2: Branch Accounts
Unit 3: Departmental Accounts
BLOCK- 5: INTRODUCTION TO GOVERNMENTACCOUNTING
Unit 1: Government Accounting- Basic Understanding
,Unit 2: System of Financial Administration in India
BLOCK- 1: FINANCIAL ACCOUNTING
Introduction
There are three units in this block. Unit 1 focuses on preparation of financial
statements for profit organisations.
Likewise, Unit 2 gives emphasis on accounting of not- for- profit organisations.
Related concepts of not for profit organisations have been detailed out with
accounting problems.
, Unit 3 concentrates on accounts from incomplete records popularly known as
single entry system.
While going through the units you will get Self Assessment Questions. At the
end of every unit, suggested readings are also given. So, you can refer to these
books in case you require deeper and better understanding of related concepts.
Unit 1: Preparation of Financial Statements for Profit Organisations
Structure
1.0 Objectives
1.1 Introduction
1.2 Preparation of Final accounts
1.2.1 Trading Account
1.2.2 Profit and Loss Account
1.2.3 Balance Sheet
1.2.4 Preparation of Final Accounts with Adjustments
1.3 Let’s Sum Up
B.Com. – FINANCIAL ACCOUNTING
COURSE : B.Com - 103
B.Com. (1st Semester)
Directorate of Distance Education
DIBRUGARH UNIVERSITY
DIBRUGARH - 786 004
,BLOCK-1: FINANCIAL ACCOUNTING
Unit 1: Financial Statements for Profit Organisation
Unit 2: Accounting of Not for Profit Organisation
Unit 3: Accounts of Incomplete Records: Single Entry System
BLOCK-2: HIRE PURCHASE SYSTEM AND INSTALLMENT
ACCOUNTS
Unit 1: Hire Purchase and Installment Account
Unit 2: Accounting Entries in the Books of Hire Purchaser and Hire
Vendor
BLOCK- 3: PARTNERSHIP ACCOUNTS
Units 1: Dissolution of Partnership Firms
Unit 2: Insolvency of Partners
Unit 3: Sale of a Firm to a Company: Purchase Considerations and
Accounting Entries
BLOCK- 4: Royalty Accounts
Unit 1: Royalties Accounts
Unit 2: Branch Accounts
Unit 3: Departmental Accounts
BLOCK- 5: INTRODUCTION TO GOVERNMENTACCOUNTING
Unit 1: Government Accounting- Basic Understanding
,Unit 2: System of Financial Administration in India
BLOCK- 1: FINANCIAL ACCOUNTING
Introduction
There are three units in this block. Unit 1 focuses on preparation of financial
statements for profit organisations.
Likewise, Unit 2 gives emphasis on accounting of not- for- profit organisations.
Related concepts of not for profit organisations have been detailed out with
accounting problems.
, Unit 3 concentrates on accounts from incomplete records popularly known as
single entry system.
While going through the units you will get Self Assessment Questions. At the
end of every unit, suggested readings are also given. So, you can refer to these
books in case you require deeper and better understanding of related concepts.
Unit 1: Preparation of Financial Statements for Profit Organisations
Structure
1.0 Objectives
1.1 Introduction
1.2 Preparation of Final accounts
1.2.1 Trading Account
1.2.2 Profit and Loss Account
1.2.3 Balance Sheet
1.2.4 Preparation of Final Accounts with Adjustments
1.3 Let’s Sum Up
