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