Accountancy Study Materials

Accounting concepts, conventions, double entry system, and accounting equation.

Rules of debit/credit, journalising transactions, compound entries, and opening entry.

Posting to ledger, balancing accounts, and preparing trial balance.

Trading account, P&L account, balance sheet, and adjustments.

SLM, WDV methods, change in method, and disposal of assets.

Promissory note, acceptance, dishonour, and retiring/renewal of bills.

Features, deed, fixed/fluctuating capital, interest on capital/drawings, P&L appropriation.

Goodwill valuation, revaluation, adjustment of capitals, and new profit sharing ratio.

Goodwill, revaluation, settling accounts on retirement/death.

Realisation account, settlement of debts, and piecemeal distribution.

Issue of shares, forfeiture, reissue, debentures, redemption.

Features, deed, fixed/fluctuating capital, interest on capital/drawings, P&L appropriation.

Goodwill valuation, revaluation, adjustment of capitals, and new profit sharing ratio.

Goodwill, revaluation, settling accounts on retirement/death.

Realisation account, settlement of debts, and piecemeal distribution.

Issue of shares, forfeiture, reissue, debentures, redemption.

Operating, investing, and financing activities; direct and indirect methods.