Accountancy/Book Keeping for NCET

• 1

  Accounting for Partnership

  Unit I. Nature of a partnership firm and the accounts partners keep.

  • Nature of partnership and partnership deed 5 questions
  • Fixed and fluctuating capital 5 questions
  • Division of profit among partners 5 questions
  • Profit and Loss Appropriation Account 5 questions
  • Guarantee of profit to a partner 5 questions
  • Past adjustments 5 questions
• 2

  Reconstitution of a Partnership Firm

  Unit II. Change in profit-sharing ratio, admission, retirement and death of a partner.

  • Change in profit-sharing ratio 5 questions
  • Revaluation of assets and reassessment of liabilities 5 questions
  • Goodwill: nature and valuation 5 questions
  • Admission of a partner 5 questions
  • Retirement of a partner 5 questions
  • Death of a partner 5 questions
• 3

  Dissolution of a Partnership Firm

  Unit III. Settling accounts when a firm is dissolved.

  • Meaning and modes of dissolution 5 questions
  • Realisation Account and settlement of accounts 5 questions
• 4

  Accounting for Share and Debenture Capital

  Unit IV. Company accounts for shares and debentures.

  • Features and types of companies 5 questions
  • Share capital: meaning, nature and types 5 questions
  • Issue and allotment of shares 5 questions
  • Forfeiture and reissue of shares 5 questions
  • Shares and debentures in the balance sheet 5 questions
  • Issue of debentures 5 questions
  • Interest on debentures and discount on issue 5 questions
• 5

  Analysis of Financial Statements

  Unit V. Preparing and interpreting company financial statements.

  • Financial statements of a company 5 questions
  • Financial analysis 5 questions
  • Comparative and common-size statements 5 questions
  • Accounting ratios 5 questions
  • Cash flow statement 5 questions
• 6

  Computerised Accounting System

  Optional Unit V, an alternative to Analysis of Financial Statements.

  • Concept and types of computerised accounting 5 questions
  • Structure of CAS 5 questions
  • Accounting Information System 5 questions
  • Spreadsheets in accounting 5 questions
  • Schedules with spreadsheets 5 questions
  • Graphs and charts for business data 5 questions

Practice questions and mock tests