CA Foundation Accountancy

Meaning and scope of accounting, concepts, principles and conventions, capital and revenue, accounting policies, valuation principles, accounting standards

Double entry book-keeping, journal, subsidiary books, cash book, ledger, trial balance, rectification of errors

Introduction, reasons for difference, preparation of Bank Reconciliation Statement

Meaning, basis and technique of inventory valuation, cost of inventory, net realisable value, record system

Tangible and intangible assets, methods of computation, accounting treatment of depreciation/amortisation, change in depreciation method

Meaning of bills of exchange and promissory notes, accounting treatment, accommodation bills

Elements of financial statements, closing adjustment entries, trading account, profit and loss account, balance sheet of manufacturing and non-manufacturing entities

Receipt and payment account, income and expenditure account, balance sheet, difference between P&L and I&E account

Single entry system, statement of affairs, ascertainment of profit (excluding preparation of accounts based on ratios)

Final accounts of partnership firms and LLPs, admission, retirement and death of a partner, goodwill, dissolution including piecemeal distribution

Shares and debentures, issue and forfeiture of shares, redemption of preference shares and debentures, bonus issue and right issue