Financial Accounting 2nd Semester MJPRU BCOM NEP 2025-26 Notes

Unit 1
Introduction, Meaning, Nature and Scope of Accounting	VIEW
Types of Accounting	VIEW
Accounting Principles	VIEW
Accounting Equation	VIEW
Accounting Conventions	VIEW
Accounting Postulates	VIEW
Indian Accounting Standards	VIEW
International Accounting Standards	VIEW
Introduction and thoughts of father of Accountancy in India: Shri Kalyan Subramani Aiyar (K.S. Aiyar) 1859-1940	VIEW

Unit 2 Accounting Mechanics
Double Entry System	VIEW
Preparation of Journal	VIEW
Preparation of Ledger	VIEW
Preparation of Trial Balance	VIEW
Preparation of Profit and Loss A/c	VIEW
Balance Sheet with Adjustments	VIEW

Unit 3
Hire Purchase System (Excluding small goods and interest accrued method)	VIEW
Accounting Records in the Books of Hire Purchaser and Vendor	VIEW
Different Methods of Calculation of Interest and Cash Price	VIEW
Maintenance of Suspense Account	VIEW
Payment of Premium	VIEW
Default in Payment and Returns of Goods	VIEW
Installment Payment System	VIEW
Difference between Hire Purchase and Installment Payment System	VIEW
Accounting Records in the book of Purchaser and Vendor	VIEW
Interest Suspense Account	VIEW

Unit 4
Departmental Accounts: Meaning, Objects and Importance, Departmental Account	VIEW
Allocation of Indirect Expenses	VIEW
General Profit and Loss Account	VIEW
Branch Accounts: Meaning and Objectives of Branch Account, Importance and Advantages, Classification of Branches	VIEW
Difference between Department and Branch Accounts	VIEW
Various Methods of Branch Accounting. (Excluding Stock and Debtors method)	VIEW