Financial Accounting-I
Chapter 1: Introduction to AccountingUnit 1: Theoretical Framework
- 1.1 Meaning of Accounting
- 1.2 Accounting as a Source of Information
- 1.3 Objectives of Accounting
- 1.4 Role of Accounting
- 1.5 Basic Terms in Accounting
- Summary with Reference to Learning Objectives
- Questions for Practice
- Checklist to Test Your Understanding
Official NCERT PDF (English) · हिंदी माध्यम PDF
Chapter 2: Theory Base of AccountingUnit 1: Theoretical Framework
- 2.1 Generally Accepted Accounting Principles
- 2.2 Basic Accounting Concepts
- 2.3 Systems of Accounting
- 2.4 Basis of Accounting
- 2.5 Accounting Standards
- Key Terms Introduced in the Chapter
- Summary with Reference to Learning Objectives
- Questions for Practice
- Checklist to Test Your Understanding
Official NCERT PDF (English) · हिंदी माध्यम PDF
Chapter 3: Recording of Transactions - IUnit 2: Accounting Process
- 3.1 Business Transactions and Source Document
- 3.2 Accounting Equation
- 3.3 Using Debit and Credit
- 3.4 Books of Original Entry
- 3.5 The Ledger
- 3.6 Posting from Journal
- Key Terms Introduced in the Chapter
- Summary with Reference to Learning Objectives
- Questions for Practice
- Checklist to Test Your Understanding
Official NCERT PDF (English) · हिंदी माध्यम PDF
Chapter 4: Recording of Transactions - IIUnit 2: Accounting Process
- 4.1 Cash Book
- 4.2 Purchases (Journal) Book
- 4.3 Purchases Return (Journal) Book
- 4.4 Sales (Journal) Book
- 4.5 Sales Return (Journal) Book
- 4.6 Journal Proper
- 4.7 Balancing the Accounts
- Key Terms Introduced in the Chapter
- Summary with Reference to Learning Objectives
- Questions For Practice
- Checklist to Test Your Understanding
Official NCERT PDF (English) · हिंदी माध्यम PDF
Chapter 5: Bank Reconciliation StatementUnit 2: Accounting Process
- 5.1 Need for Reconciliation
- 5.2 Preparation of Bank Reconciliation Statement
- Key Terms Introduced in the Chapter
- Summary with Reference to Learning Objectives
- Questions for Practice
- Checklist to Test Your Understanding
Official NCERT PDF (English) · हिंदी माध्यम PDF
Chapter 6: Trial Balance and Rectification of ErrorsUnit 2: Accounting Process
- 6.1 Meaning of Trial Balance
- 6.2 Objectives of Preparing the Trial Balance
- 6.3 Preparation of Trial Balance
- 6.4 Significance of Agreement of Trial Balance
- 6.5 Searching of Errors
- 6.6 Rectification of Errors
- Key Terms Introduced in the Chapter
- Summary with Reference to Learning Objectives
- Questions for Practice
- Checklist to Test Your Understanding
Official NCERT PDF (English) · हिंदी माध्यम PDF
Chapter 7: Depreciation, Provisions and ReservesUnit 2: Accounting Process
- 7.1 Depreciation
- 7.2 Depreciation and other Similar Terms
- 7.3 Causes of Depreciation
- 7.4 Need for Depreciation
- 7.5 Factors Affecting the Amount of Depreciation
- 7.6 Methods of Calculating Depreciation Amount
- 7.7 Straight Line Method and Written Down Method: A Comparative Analysis
- 7.8 Methods of Recording Depreciation
- 7.9 Disposal of Asset
- 7.10 Effect of any Addition or Extension to the Existing Asset
- 7.11 Provisions
- 7.12 Reserves
- 7.13 Secret Reserve
- Key Terms Introduced in the Chapter
- Summary With Reference to Learning Objectives
- Questions for Practice
- Checklist to Test Your Understanding
Official NCERT PDF (English) · हिंदी माध्यम PDF
Accountancy-II
Chapter 8: Financial Statements - IUnit 3: Financial Statements of Sole Proprietorship
- 8.1 Stakeholders and their
- 8.2 Distinction between Capital and Revenue
- 8.3 Financial Statements
- 8.4 Trading and Profit and Loss Account
- 8.5 Operating Profit (EBIT)
- 8.6 Balance Sheet
- 8.7 Opening Entry
- Key Terms Introduced in the Chapter
- Summary with Reference to Learning Objectives
- Questions for Practice
- Checklist to Test Your Understanding
Official NCERT PDF (English) · हिंदी माध्यम PDF
Chapter 9: Financial Statements - IIUnit 3: Financial Statements of Sole Proprietorship
- 9.1 Need for Adjustments
- 9.2 Closing Stock
- 9.3 Outstanding Expenses
- 9.4 Prepaid Expenses
- 9.5 Accrued Income
- 9.6 Income Received in Advance
- 9.7 Depreciation
- 9.8 Bad Debts
- 9.9 Provision for Bad and Doubtful Debts
- 9.10 Provision for Discount on Debtors
- 9.11 Manager’s Commission
- 9.12 Interest on Capital
- Key Terms Introduced in the Chapter
- Summary with Reference to Learning Objectives
- Questions for Practice
- Checklist to Test Your Understanding
Official NCERT PDF (English) · हिंदी माध्यम PDF
Free sample questions
Three sample questions with answers. Full explanations — and the rest of the question bank — are free to read after you sign up.
Q1. Assertion (A): Drawings of the proprietor are shown as a deduction from capital in the balance sheet.
Reason (R): A balance sheet is only a statement, not an account.
- Both A and R are true and R is the correct explanation of A.
- Both A and R are true but R is not the correct explanation of A.
- A is true but R is false.
- A is false but R is true.
Show answer
Correct answer: B. Both A and R are true but R is not the correct explanation of A.
🔒 The full explanation is free to read after you sign up →
Q2. Cash of ₹15,000 is deposited into the bank. In a double column cash book this is entered as:
- Bank column on the receipts side and Cash column on the payments side, with 'C' in the L.F. column
- Cash column on the receipts side and Bank column on the payments side
- Bank column on the receipts side only
- both amounts in the Bank column, one on each side
Show answer
Correct answer: A. Bank column on the receipts side and Cash column on the payments side, with 'C' in the L.F. column
🔒 The full explanation is free to read after you sign up →
Q3. Assertion (A): Cheques issued by the firm but not yet presented for payment cause a difference between the cash book and the passbook. Reason (R): The bank debits the firm's account only when the cheques are actually paid by the bank.
- Both A and R are true and R is the correct explanation of A.
- Both A and R are true but R is not the correct explanation of A.
- A is true but R is false.
- A is false but R is true.
Show answer
Correct answer: A. Both A and R are true and R is the correct explanation of A.
🔒 The full explanation is free to read after you sign up →
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