PPW: 06
ANDHRA UNIVERSITY, VISAKHAPATNAM
Part II: B.A (CBCS) GENERAL COURSE STRUCTURE
ACCOUNTANCY-I
SEMESTER - II
Max Marks:75+25
Unit-I: Rectification of Errors
Introduction-Classification of Errors- Errors of Omission-Errors of Commission-Errors of
Principles- Compensating Errors- Errors which do not affect trail balance – Errors which affect
trail balance-Error and their rectification- preparation of suspense account- Effect of Errors on
Profit.
Unit II: Accounting for Depreciation
Meaning of Depreciation –Causes – Characteristics- Objects and necessity- Measurement of
depreciation- Methods of Depreciation: Fixed Installment method - Diminishing balance
method- The Annuity system- Sinking Fund method - Problems.
Unit-III: Provisions and Reserves
Introduction- bad debts- consequence of bad debts-provision for bad debts –Preparation of Bad
debts Account – Provision for Bad and doubtful debts – Provision for Discount on Debtors –
Provision for discount on creditors – Bad debts recovery-Problems.
Provisions and Reserves - Reserve Fund – Different Types of Provisions and Reserves.
Unit-IV: Consignment Accounts
Introduction- difference between Consignment and sale - Proforma invoice - Account sales –
books of Consigner- accounting steps - Del-credere Commission – stock valuation- books of
consignee – loss of goods on consignment- Normal loss-Abnormal loss- invoice price methodProblems.
Unit-V: Joint Venture Accounts
Introduction-Differences between Joint-venture and partnership–method of Accounting –
Methods of keeping records for Joint venture accounts-method of recording in co
ventures books-separate set of books method-Problems.
Reference Books
1.
2.
3.
4.
5.
6.
7.
8.
Grewal, T.S
Double Entry Book-Keeping
Grewal, T.S
Introduction to Accountancy
Gupta, R.L & Gupta V.K
Principles & Practice of Accounting
Patil & Korlahalli
Principles & Practice of Accounting
Jain, S.P & Narang, K.L
Advanced Accountancy
Shukla, M.C & Grewal, T.S Advanced Accountancy
Haneef and Mukherjee
Accountancy-I,
Dr.S.K.Paul
Accountancy Vol-I
PPW: 06
ANDHRA UNIVERSITY, VISAKHAPATNAM
Part II: B.A (CBCS) GENERAL COURSE STRUCTURE
ACCOUNTANCY-II
SEMESTER - III
Max Marks:75+25
UNIT – I: Accounts from Incomplete Records
Introduction-its’ silent features –difference between single entry system and Double
entry system-preparation of statement of affairs-ascertainment of profits-conversion into
Double entry (Statement of Affairs method only).
UNIT-III : Accounts of Non- Trading Concerns
Introduction- difference between Receipts and payment account and Income and
Expenditure Account- Accounting Process- Preparation of Receipts and Payments
account -Preparation of Income and Expenditure Account- preparation of Balance Sheet
UNIT - IV : Partnership Accounts:
Introduction-partnership Agreement-Legal provisions in the absence of Partnership Deed
–Capital-Drawings- sharing of profits and losses- interest on capital and drawingssalaries of partners- Fixed and Floating Capitals –preparation of profit and loss
appropriation account-Preparation of final accounts.
UNIT - IV : Admission of a Partner
Introduction- treatment of Goodwill-calculation of profit sharing ratios-sacrificing ratiosRevaluation of Assets and Liabilities-Sharing of accumulated profits and lossesadjustment of capital/proportionate capital-problems.
UNIT - V : Retirement and death of a Partner and dissolution of partnership
Introduction-Accounting treatment of Retirement and Death of a Partner – ascertainment
of amount payable to retiring partner- ascertainment of deceased partner’s claim Dissolution of partnership-steps on dissolution of partnership – decision in Garner Vs
Murray- entries on dissolution
Reference Books
1.
2.
3.
4.
5.
6.
Grewal, T.S
An Introduction to Accountancy
Gupta, R.L & Gupta V.K.
Principles and practice of Accounting
Jain, S.P & Narang, K.L
Advanced Accountancy
Shukla, M.C & Grewal, T.S
Advanced Accountancy
Dr.S.K.Paul
Accountancy Vol-I
Patil & Korlahalli
Principles & Practice of Accounting
PPW: 06
ANDHRA UNIVERSITY, VISAKHAPATNAM
Part II: B.A (CBCS) GENERAL COURSE STRUCTURE
ACCOUNTANCY-II
SEMESTER - IV
Max Marks:75+25
UNIT-I: Hire purchase and installment purchase system
Introduction-Hire Purchase System - Features –- Accounting Treatment in the Books of
Hire Purchaser and Hire Vendor - Default and Repossession - Installment Purchase
System – installment system- Difference between Hire purchase and Installment system Accounting Treatment in the books of Purchaser and Vendor.
Unit-II: Royalty Accounts
Introduction-Meaning- short workings-accounting entries of Royalties in the books of
lessor and lessee
Unit-III: Issue of Bonus Shares
Introduction- its advantages- Provisions of company’s Act and SEBI guide lines -procedure
for issue of bonus shares
Unit-IV: Company Accounts: Issue and redemption of shares
Introduction-kinds of companies-Memorandum of Association- Article of Associationprospectus- issue of shares-issue of redeemable Preference shares-accounting treatment of
oversubscription-calls in arrears-issue at premium and discount-forfeiture of shares-reissue of
forfeited shares- Rights issue
Unit V: Company Accounts: Issue and redemption of debentures
Introduction- classes of debentures-debenture and debenture stock- issue of debentures for cash,
other than cash-redemption of debentures-journal entries.Reference Books
1.
2.
3.
4.
5.
6.
7.
8.
9.
Grewal, T.S
An Introduction to Accountancy
Gupta, R.R & Gupta V.S
Advanced Accountancy
Jain, S.P & Narang, K.L
Advanced Accountancy
Shukla, M.C & Grewal, T.S
Advanced Accountancy
Dr.S.K.Paul
Accountancy Vol-I
Patil & Korlahalli
Principles & Practice of Accounting
Agarwal,B.D
Financial Accounting-Advanced
Chakraborty, N
Advanced Accountancy
Dr.S.K.Paul
Accountancy Vol-I
PPW: 06
ANDHRA UNIVERSITY, VISAKHAPATNAM
Part II: B.A (CBCS) GENERAL COURSE STRUCTURE
ACCOUNTANCY-III
SEMESTER - V
Max Marks:75+25
Unit-I: Valuation of Goodwill
Valuation of Goodwill - Need and methods - Normal Profit Method, Super Profits Method
– Capitalization Method-problems.
Unit-II: Valuation of Shares
Valuation of shares - Need for Valuation - Methods of Valuation - Net assets method, Yield
basis method, Fair value method-problems.
Unit-III: Company Accounts: Final Accounts
Preparation of Final Accounts– Provisions relating to preparation of final accounts – Profit
and loss account and balance sheet– Preparation of final accounts (new method)
UNIT-IV: Bank Accounts
Introduction-Books and Registers to be maintained by banks-Slip system of posting-rebate on
bills discounted-Schedule of advances –Non performing assets - Legal provisions relating to
Preparation of final accounts – Preparation of bank final Accounts
UNIT-V: Accounts of Insurance Comp anies
Life Insurance Companies – Preparation of Revenue Account, Profit and loss account ,
Balance Sheet and Valuation Balance Sheet. General insurance Preparation of final accountswith special reference to fire & marine insurance -problems.
Reference Books
1. Corporate Agarwal,B.D
Financial Accounting-Advanced
2. Gupta, R.R & Gupta V.S
Advanced Accountancy
3. Jain, S.P & Narang, K.L
Advanced Accountancy
4. Shukla, M.C & Grewal, T.S
Advanced Accountancy
5. Chakraborty, N
Advanced Accountancy
6. Dr.S.K.Paul
Accountancy Vol-I
7. Iyengar,S.P
Advanced Accountancy
8. Dr.S.K.Paul
Accountancy Vol-II
9. Tulasian
Accountancy – III
10. R.L. Gupta and Radha Swamy Advanced Accountancy:
11. Goyal, V.K
Accounting
PPW: 06
ANDHRA UNIVERSITY, VISAKHAPATNAM
Part II: B.A (CBCS) GENERAL COURSE STRUCTURE
ACCOUNTANCY-III
SEMESTER - VI
Max Marks:75+25
Unit-I: Amalgamation, Absorption and Reconstruction of Companies
Introduction- Amalgamation in the nature of merger and purchase – Calculation of
purchase consideration – entries in the books of transferor and transferee (as per
Accounting Standard 14, including inter- company Owings) - external reconstruction of
company- problems
Unit-II: Internal Reconstruction of Companies
Introduction- distinction between external reconstruction and internal reconstructionaccounting Treatment– Preparation of final statements after reconstruction.
Unit-IV: Acquisition of Business and Profits Prior to Incorporation
Introduction -Acquisition of business – accounting treatment
Introduction- profits prior to incorporation. – Accounting treatment.
Unit-V: Liquidation
Meaning of liquidation- preparation of statement of affairs-Liquidator’s final statement of account
UNIT-IV: Financial Reporting and Practices in India
Introduction -t ypes of reporting-Indian accounting GAAP-Indian Accounting
Standards- Recent trends in reporting process.
Reference Books
10. Corporate Agarwal,B.D
Financial Accounting-Advanced
11. Gupta, R.R & Gupta V.S
Advanced Accountancy
12. Jain, S.P & Narang, K.L
Advanced Accountancy
13. Shukla, M.C & Grewal, T.S
Advanced Accountancy
14. Chakraborty, N
Advanced Accountancy
15. Dr.S.K.Paul
Accountancy Vol-I
16. Iyengar,S.P
Advanced Accountancy
17. Dr.S.K.Paul
Accountancy Vol-II
18. Tulasian
Accountancy – III
10. R.L. Gupta and Radha Swamy Advanced Accountancy:
11. Goyal, V.K
Accounting
PPW: 06
ANDHRA UNIVERSITY, VISAKHAPATNAM
Part II: B.A (CBCS) Taxation (Elective Paper-I)
SEMESTER - V
Max Marks:75+25
Unit I : Introduction
Assessment year-Previous year- income-person-assessee-Gross total income- total incomeagricultural income- exemption and deduction- capital and revenue.
Unit-II: Residential Status and its effects on tax incidence
How to determine residential status of an Individual, HUF and Firms, association of
persons and company-incidence of tax
Unt-III: Income Exempt from Tax
Sections 10,10 A,10AA,10B,10 BA,11,12,13 and 13A deal with income wich does not
form part of an assessee’s total income
Unit-IV: Agricultural Income and its Tax treatment
Agricultural income- non-agricultural income-Tax treatment of income which is partly
agricultur4al and partly from business-scheme of partial integration of non-agricultural
income with agricultural income
Unit-IV: wealth Tax
Introduction- Meaning – Deemed Assets – Exempted Assets – Net Wealth – Computation
of Net Wealth – Valuation of Assets - Return of Wealth and Procedure of Assessment –
Time Limit for Completion of Assessment.
Reference Books
1. Bhagavathi praSAD
Law and Practice of Income Tax in India
2. Mehrotra
Income Tax, law and Practice
3. Vinod K Singhania, Kapil Singhania,
Direct taxes law & practice
4. Vinod K Singhania, Monica Singhania
Income Tax
5. Girish Ahuja, Dr. Ravi Gupta, Bharat’s
Direct taxes law & practice
6. BB Lal – Pearson’s
Direct taxes law & practice
7. V.S. Datey, Taxmann’s
Indirect taxes law & practice
8. P.V. Ramana Rao, A. Sudhakar, S. Krishnaiah Goud, Elements of Income Tax
9. Gaur & Narang,
Income Tax Law & Practice
10. Tata Mcgraw Hill
Income Tax
ANDHRA UNIVERSITY, VISAKHAPATNAM
Part II: B.A (CBCS) Taxation (Elective Paper-II)
SEMESTER – VI
PPW: 06
Max Marks:75+25
Unit-I: Income under the Head Salaries and its Computation
Meaning-basis of charge-different for4ms of salary-allowances-Perquisites- tax treatment of
Perquisites- permissible deductions from salary- tax treatment of provident fundsuperannuation fund- deductions under section 80C- problems on computation of salary income
and tax liability.
Unit-II: Income from House Property and its Computation
Introduction-basis of charge- Computation of income from let out property-income from self
occupied house – Problems on computation of house property income
Unit-III: Profits and Gains of Business or Profession and its Computation
Meaning-basis of charge- business income- method of accounting-deductions/allowancesdisallowances- deemed profits-undisclosed income- problems on computation of income from
business/profession
Unit-IV: Capital Gains and its Computation
Meaning- what is the basis of charge- what are included and excluded from capital assets- trans
of capital assets-capital gains and its computation- problems on computation of capital gains
Unit-VI: Income from other Sources and its Computation
Meaning-basis of charge- method of accountancy- dividend and how is it charged to taxwinnings from lotteries, crossword puzzles, horse races and card games etc- interest on
securities- receipts without consideration- deductions are permissible from income from other
sources-problems on computation of income from other sources
Reference Books
1. Bhagavathi Prasad
2. Mehrotra
3. Vinod K Singhania, Kapil Singhania,
4. Vinod K Singhania, Monica Singhania
5. Girish Ahuja, Dr. Ravi Gupta, Bharat’s
6. BB Lal – Pearson’s
7. V.S. Datey, Taxmann’s
8. Gaur & Narang,
9. Tata Mcgraw Hill
10. Dinakar Pagare
11.Mahesh Chandras
Law and Practice of Income Tax in India
Income Tax, law and Practice
Direct taxes law & practice
Income Tax
Direct taxes law & practice
Direct taxes law & practice
Indirect taxes law & practice
Income Tax Law & Practice
Income Tax
Income Tax
Income Tax
ANDHRA UNIVERSITY, VISAKHAPATNAM
Part II: B.A (CBCS) Auditing (Elective Paper I)
SEMESTER – VI
Max Marks:75+25
PPW: 6
Unit- I: Introduction to Auditing
Meaning-Definition-Evolution-Objectives-Importance.
Types of audit- Based on ownership (Proprietorship, Partnership, Companies, Trusts,
Cooperative Societies, Government Departments) -Based on time (Interim, Final, Continuous,
Balance Sheet)- Based on objectives (Independent, Financial, Internal, Cost, Tax, Government,
Secretarial).
Unit- II : Auditors Powers and Duties
Auditor- Qualifications and disqualifications – Qualities - Appointment and Reappointment –
Remuneration – Removal – Rights – Duties.
Unit- III : Audit Strategy, Planning and Programme
Introduction-Audit planning – Engagement letter – Audit programme –Audit note book –Audit
papers – Audit work book – Audit contents – Audit markings – Internal check- Internal control
–(Sales-Purchases-Fixed assets-Cash-Bank-Pay Roll) – Accounting controls and Sampling in
audit.
Unit- IV: Vouching
Meaning- Vouching of cash and trading transactions –Investigation, Verification and Valuation
of assets and liabilities- Differences between vouching, investigation, verification and valuation.
Unit- V: Audit of Financial Statements
Audit of Financial Statements-Receipts – Payments – Sales – Purchases –Fixed assets –
Investments – Personal ledger – Inventories – Capital and Reserves – Other assets – Other
liabilities.
Reference Books
1. Kamal Gupta
2. Spicer & Pegler
3. Jagdish Prakash
4. Ghatalia
5. B.N.Tondon
6. Auditing
7. Dinkar Pagare
8. Kamal Gupta
9. Kumar Sharma, PHI
Contemp orary Auditing
Practical auditing
Princeples and practices of Auditing
Principles of Auditing
Practical auditing
Kalyani Publications
Principles and practice ofAuditing
Contemporary Auditing
Auditing Principles & Practice
ANDHRA UNIVERSITY, VISAKHAPATNAM
Part II: B.A (CBCS) Auditing (Elective Paper II)
SEMESTER – VI
Max Marks:75+25
PPW: 6
Unit- I: Audit of Institutions and Audit Report
Introduction- Partnership – Manufacturing and other companies –Non-trading concerns.
Audit Report: Introduction-Contents – Preparation of audit report – Fair report – Qualified
report.
Unit- II: Report Writing
Introduction- Correspondence and Report writing- Basic principles – Business letters.
Business reports-Structure – Preparation of Routine reports and special reports
Unit-III: Audit under Computerised Information System(CIS) Environment
Introduction- scope of audit-impact of changes on business process-audit approach-types of
computer systems-effects of computers on internal controls-effects of computers on auditingapproach to auditing in CIS
Unit-IV: Special Audit Technique
Introduction- statistical sampling in auditing –risk based auditingUnit-VI: Auditors Liabilities
Introduction- Professional negligence-Civil liability-Criminal liability-Misconduct of auditors
under Chartered Accountants Act-liabilities under Income tax act
Reference Books
1. Kamal Gupta
2. Spicer & Pegler
3. Jagdish Prakash
4. Ghatalia
5. B.N.Tondon
6. Auditing
7. Dinkar Pagare
8. Kamal Gupta and Ashok Gupta
9. Basu SK
10.Tata M.Graw Hill
11. Ramaswamy NS
12. latest reports by ICA
Contemporary Auditing
Practical auditing
Princeples and practices of Auditing
Principles of Auditing
Practical auditing
Kalyani Publications
Principles and practice ofAuditing
Fundamentals of Auditing :
Auditing Principles and Techniques
Business correspondence and Report Writing
auditing