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6. COMMERCE & ACCOUNTANCY :
Part- 1 Accounting
Accounting equation-concepts and Conventions:
General accepted accounting principle, Capital and revenue expenditures and receipts-preparation of financial statements profits and loss Account and balance sheet. Partnership accounts including dissolution and
peace meal distribution among the partners accounts of non-profit organization. Preparation of accounts from incomplete records. Company Accounts-Issue and redemption of shares and debentures-
Capitalisation of' profits and issue of bonus Shares-Accounting for depreciation including accelerated methods of providing depreciation. Inventory valuation and control.
Cost Accounts-Nature and Objectives of Costing:
Elements of Cost: Ascertainment of Cost through Cost Sheet and Tenders Cost volume-profit analysis and its application to business situations.
Nature and objects of auditing-Balance Sheet and continuous audit-Statutory audit and operational’ audits. Author's Working papers-Internal control and internal audit-Audit of
proprietary. and partnership firms-Broad outlines of the company audit.
Part- 2 Organization, Finance and Management
Distinctive features of different forms of business organizations. Formalities and
documents in floating a joint stock Company. Doctrine of indoor management
and principle of constructive notice.
Business Finance - Sources of finance w.r.t. India; Types of Company securities and methods of their issue : Role & functions of stock exchanges: A critical review of institutional financing system in Indian Principles of Insurance ; Life, Fire and Marine. .
Management functions - Planning Organizing. Staffing. Directing, Co-ordination and Control.
Patterns of Organization - Centralization and decentralization. Delegation of authority, span of control, Management by Objective
(M.B.O.) and Management by Exception.
Office Management - Scope and principles – System and routings-Handling of records-Office equipment and, machines.
Company Secretary- Functions and responsibilities, Appointment, qualifications, disqualifications, rights., duties
position of a company secretary, Drafting of meeting notice agenda and minutes.
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