On the name of God
Al-Isra University
College of Administrative and
Financial Sciences
Accounting Division
Advanced Accounting Studies In English
Course No.: (201319)
**course Description & Objectives :
The objectives of this course is to make the students of B.A. Accounts well
versed with the preparation of partnership accounts . Single entry system , Branch and
departmental accounts . On completion of this course , students will be able to
maintain the accounts of small concerns , partnership companies and big concerns
which are having branches , and they may be able to findout the progress and results
of the business .
** Supporting Text Books :
Shukla & A Grawal. “Advaned Accounts” , 1998 S.c. Chand and publications ,
New Delhi , India .
** Contents :
1-
-
Chapter(1) :
Partnership Firm & Capital A/C’s of partnership :
Definition of partnership
Partnership agreement
Rules applicable in absence of partnership Deed
Preparation of Profit and Loss Appropriation A/C
Partners Capital Accounts
Partners Current Accounts
Interest on Drawing
Solved Problems
Practical Problems
2-Chapter (2) :
Partnership Final Accounts :
Trading Account
The Profit and Loss Account
Profit and Loss Appropriation A/C
Partners Current Accounts
Balance Sheet
Solved Problems
-
Practical Problems
-
3-Chapter (3) :
Partnership Accounts
General Accounts – Goodwill – Admission of a Partner – Retirement of a partner
– Death of a partner – settlement of Accounts - insolvency of partner –
Dissolution of a partnership Firm – Gradual Realization of Assets and piecemeal
distribution .
Solved Problems
Practical Problems
-
4-Chapter (4) :
Branch Accounts :
Different types of branches – Accounts of various types of branches : Branches
selling only for Cash – Branches selling both for cash and credit – Goods invoiced
at branch at selling price – Stock and Debtors System – Branch maintaining
independent accounts – Incorporation of branch – Trial Balance in head office
books and final accounts .
Solved Problems
Practical Problems
5-Chapter (5) :
Departmental Account :
Allocation of expenses – Inter department transfer
Solved Problems
Practical Problems
** Evaluation :
25%
25%
10%
40%
For First Exam
For Second Exam
For Quizeis and attendance
For Final Exam