by | Unit 1 Insurance Claims for Loss of Stock and Loss of Profit | |
| Meaning of fire claim, Features and Principles of Fire Insurance | VIEW |
| Concept of Loss of Stock: Loss of Profit and Average Clause | VIEW |
| Computation of Claim for loss of stock (including Over valuation and Under Valuation of Stock | VIEW |
| Abnormal Items | VIEW |
| Application of Average Clause | VIEW |
| Unit 2 Departmental Accounts | |
| Departmental Accounts Meaning, Advantages, Disadvantages | VIEW |
| Method of Departmental accounting | VIEW |
| Basis of allocation of common expenditure among various departments. | VIEW |
| Types of departments & Inter-department transfers at cost price and invoice price (Theory and proforma journal entries) | VIEW |
| Preparation Departmental Trading and Profit and Loss Account including inter departmental transfers at Cost Price only. | VIEW |
| VIEW |
| Unit 3 Conversion of Single Entry into Double Entry | |
| Meaning, Features Types of Single Entry System | VIEW |
| Merits, Demerits of Single Entry System | VIEW |
| Differences between Single Entry System and Double Entry System | VIEW |
| Need and Methods of conversion of Single Entry into Double entry | VIEW |
| Problems on Conversion of Single Entry into Double Entry (Simple Problems only) |
| Unit 4 Royalty Accounts | |
| Royalty and Royalty agreement, Introduction, Meaning, Definition, Types of Royalty | VIEW |
| Differences between Rent and Royalty | VIEW |
| Terms used in Royalty, Lessor, Lessee, Short Workings, Irrecoverable Short Workings, Recoupment of Short Workings, Surplus Royalty | VIEW |
| Methods of Recoupment of Short Workings: Fixed and Floating methods | VIEW |
| Preparation of Royalty Analysis Table (Excluding Government Subsidy) | VIEW |
| Journal Entries and Ledger Accounts in the books of Lessee only: i) When Minimum Rent Account is opened ii) When Minimum Rent Account is not opened. Note: Problems including Strikes and Lockouts, but excluding sub-lease. | VIEW |
| VIEW |
| Unit 5 Average Due Date and Account Current | |
| Average Due Date: Meaning, Concept, Uses | VIEW |
| Calculation of Average Due Date: i) Where amount is lent in one installment ii) Where amount is lent in various installments iii) Taking Grace Days into account iv) Calculation of Due Date few months after date / Sight | VIEW |
| Account Current Meaning, Need and Situation leading to Account Current Preparation | VIEW |
| Account Current with the help of: i) Interest table. ii) By Means of Product. | VIEW |
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