Financial and Cost Accounting (Part – II) – Prashant Publications

Financial and Cost Accounting (Part - II)

Authors:

Tags: Dr A D Yewle, Dr P P Chhajed

ISBN:

SKU: 9789384228941

Book Language: English

Published Years: 2014

Edition: First

Category: Account / Audit / Income Tax

₹160.00

DESCRIPTION
INDEX

Accounting for Branches (Dependent Branches only) : a. Meaning of branch, b. Systems of Accounting for branch transactions under- [1] Debtors System and [2] Stock and Debtors System
Departmental Accounts : a) Meaning and Objectives of Departmental Accounts, b) Basis of Allocation of common expenses among different departments, c) Inter-Departmental transfers, d) Preparation of Final Accounts.
Consignment Accounting : a. Meaning of Consignment, b. Accounting for Consignment transaction in the books of the consigner and the consignee
Accounting for Hire-Purchases Transactions : (Excluding – Hire Purchase Trading A/c, Debtors and Stock & Debtors Systems), a) Introduction, b) Terms used in Hire-Purchase agreement, c) Ascertainment of Interest, Cash price, Hire-purchase price, d) Journal entries and Ledger Accounts in the books of Hire-Purchaser and Hire-Vendor on purchase/sale of goods under hire-purchase including repossession of goods on default.
Accounting for Investment : a. Preparation of Investment Account for Fixed Income bearing securities, b. Cum-Interest Purchase ,Sale & Computation of profit On Securities, c. Ex-Interest Purchase ,Sale & Computation of profit On Securities Refer to AS -13- Accounting for Investment.
Materials : a. Elementary Study of Accounting Standard AS 2 –Valuation of Inventory, b. Importance of Materials accounting and control, c. Direct and Indirect Materials, d. Procedure and documentation of Purchasing and Storekeepingi, Purchase Requisition ii. Purchase Order, iii. Goods Received Note iv. Inspection Report, v. Materials Requisition vi. Materials Transfer Note and Materials Return Note, e. Economic Ordering Quantity, f. Stores Accounting, i. Bin Cards, Store Ledger, ii. Pricing of Materials issues under FIFO, LIFO, Simple Average Method, and Weighted Average Method, f) Stock levels – Reordering level, Maximum level, Minimum level, Average level