Financial Accounting-I Osmania University BCOM 1st Semester 2025-26 Notes
by | Unit 1 | |
| Financial Accounting, Introduction, Definition, Evolution, Functions, Advantages and Limitations | VIEW |
| Users of Accounting Information | VIEW |
| Branches of Accounting | VIEW |
| Accounting Principles, Concepts and Conventions | VIEW |
| Accounting Standards, Meaning, Importance | VIEW |
| List of Accounting Standards issued by ASB | VIEW |
| Accounting System, Types of Accounts | VIEW |
| Accounting Cycle | VIEW |
| Journal | VIEW |
| Ledger | VIEW |
| Trial Balance | VIEW |
| Unit 2 | |
| Purchases Book, Purchases Returns Book, Sales Book, Sales Returns Book | VIEW |
| Bills Receivable Book and Bills Payable Book | VIEW |
| Cash Book, Single Column, Two Column, Three Column and Petty Cash Book | VIEW |
| Journal Proper | VIEW |
| Rectification of Errors, Types of Errors | VIEW |
| Suspense Account Effect of Errors on Profit | VIEW |
| Unit 3 | |
| Meaning, Need, Reasons for differences between Cash Book and Pass Book Balances | VIEW |
| Favorable and Overdraft Balances | VIEW |
| Ascertainment of correct Cash Book Balance (Amended Cash Book) | VIEW |
| Preparation of Bank Reconciliation Statement | VIEW |
| Unit 4 | |
| Depreciation (Ind-AS-16), Meaning, Causes, Objectives, Factors, Accounting Treatment, Needs | VIEW |
| Difference between Depreciation, Amortization and Depletion | VIEW |
| Methods of Depreciation, Straight Line Method, Diminishing Balance Method and Sum of the Units Method | VIEW |
| Unit 5 | |
| Capital and Revenue Expenditure | VIEW |
| Capital and Revenue Receipts, Meaning and Differences | VIEW |
| Deferred Revenue Expenditure | VIEW |
| Final Accounts of Sole Trader, Meaning, Uses | VIEW |
| Preparation of Manufacturing Account | VIEW |
| Preparation of Trading Account | VIEW |
| Profit & Loss Account | VIEW |
| Balance Sheet | VIEW |
| Adjustments | VIEW |
| Closing Entries (Including problems) | VIEW |