B.Com. LL.B. (Five Years) Financial Accounting Syllabus - KSLU 2026

• COURSE-IV
• FINANCIAL ACCOUNTING

Objective:

• The need of scientific accounting being focal point in the day to day business, the fundamental accounting concept is introduced with double entry book keeping. The basics of accounting system such as maintenance of journal, ledger, cash book and trial balance are taught. The final accounts of trading and non-trading concerns are explained with examples to enable the students appreciate the principles of Accountancy.

UNIT - I

• Accounting: Meaning and Definition, Accounting Concepts and Conventions, Double Entry Systems of Book - Keeping and Types of Accounts.
• Introduction of Accounting Standards.

UNIT - II

• Preparation of Journal and Subsidiary Books - (Problems on Purchase Book, Sales Book, Three Column Cash Book only). Ledger and Ledger postings, Trial Balance.

UNIT - III

• Preparation of Final Accounts of Sole Trading Concerns (Manufacturing, Trading, P & L A/C and Balance Sheet)

UNIT - IV

• Preparation of Final Accounts of Non-Trading Concern: Capital and Revenue Expenditure, Final Accounts - Receipts and Payment Account, Income and Expenditure and balance sheet.

UNIT - V (SKILL DEVELOPMENT)

• Computerized Accounting and Accounting Softwares (Tally Etc.,)

Reference Books:

• 1. Advanced Accountancy - R. L. Gupta
• 2. Advanced Accountancy - B. S. Raman
• 3. Advanced Accountancy - S. N. Maheshwari
• 4. Advanced Accountancy - M. C. Shukla