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Saturday 17 October 2020

HSSC PRINCIPLES OF ACCOUNTING REDUCED SYLLABUS\ fbise-fusion stories

 HSSC PRINCIPLES OF ACCOUNTING REDUCED SYLLABUS

FBISE HSSC I REDUCED SYLLABUS
PRINCIPLES OF ACCOUNTING

1. Definition, basic concepts, Double Entry System of Book? Deeping, its objectives and

advantages

2. Accounting Cycle: Accounting equation Journal, Ledger and Trial Balance

3. Cash Book

4. Banking Transactions: Kinds of bank accounts and procedure of recording of banking

transactions; cheques; cheque register; bank reconciliation statement, its objectives and

preparation (Exclude revised cash book and double column cash book)

7. Rectification of Errors: Kinds of error-correction of errors after and before closing the

books of accounts

8. Financial Statement: Trading and profit and loss account income statement and balance

sheet-form and its preparation

9. Adjustments and Closing Process: Prepaid and outstanding expenses; Accrued and

unearned income; provision for Bad Doubtful Debt; Provisions for Discount;

Depreciation, interest on capital and drawing

 LIST OF EQUIPMENT, LAB-REQUIREMENTS

 Book Keeping machines, Overhead Projectors, Slide Projector, Scientific electric

 calculators, Amount perforat

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