The topics covered in this paper is,
- Theoretical Framework, Accounting process, bank reconciliation statement, Inventories, Depreciation
- Special transactions such as consignment, Joint venture, Bills of exchange, Royalties, Average due date and account current
- Final Accounts of Sole Proprietors, Partnership accounts, Introduction to company accounts and
- Basic Accounting ratios
The best approach to study Principles and Practice of Accounting
- Accounting is a scoring subject at CA Foundation level. Practice well to score well ii. Solve a good number of problems
- Understanding the concepts thoroughly helps you to solve any kind of problem
- Syllabus is reasonably huge so, only way to remember everything is by repetitive revision
- Presentation is important but not as much as it was in your +2 level
- Practice the problems; do NOT JUST READ!