Organisation : Department of Pre University Education
Subject : Accountancy
Announcement : Syllabus
Applicable For : II Year
Website : https://pue.karnataka.gov.in/
Download Syllabus : http://www.syllabus.gen.in/uploads/1183-Accountancy.pdf
Accountancy Syllabus :
Chapter 1 : Depreciation, Provisions And Reserves
1.1 Depreciation: Meaning of depreciation.
1.2 Features of depreciation.
1.3 Causes for depreciation
Related : II-Year Syllabus for Home Science Pre University Education : www.syllabus.gen.in/1180.html
1.4 Need for charging depreciation
1.5 Factors to be taken into account for the calculation of depreciation
1.6 Methods of depreciation
a) Straight line method: Meaning, merits, demerits and problems. (one or more purchase and one sale-full or part)
b) Diminishing balance method: Meaning, merits, demerits and problems. (one or more purchase and one sale-full or part)
c) Annuity method: Meaning, merits, demerits and problems.
d) Sinking fund Method – concepts only
e) Insurance policy Method – concepts only
f) Revaluation Method – concepts only
1.7 Provision and Reserves-Meaning and importance
1.7.1 Difference between provision and reserves
1.7.2 Types of reserves: concepts only Revenue reserves, Capital reserves, General reserves,
Chapter 2 : Accounting For Partnership Fundamentals
2.1 Partnership: Meaning and Features
2.2 Partnership Deed: Meaning and contents
2.3 Provision of Indian partnership Act of 1932 in the absence of Partnership deed.
2.4 Maintenance of capital accounts of partners: Fixed Capital system- problems Fluctuating Capital system- problems
2.5 Adjustments of partnership accounts.
2.5.1 Interest on partners’ capitals
2.5.2 Interest on partners’ drawings- Problems
2.5.3 Interest on partners’ loan accounts
2.5.4 Partners’ salary or commission
2.5.5 Distribution of profits among partners
2.6 Profit and loss appropriation account- Meaning and Problems.
Chapter 3 : Partnership Accounts Admission Of A Partner
3.1 Admission of a partner Meaning.
3.2 Ratios in connection with admission of a partner
a) Sacrifice Ratio: Meaning and problems.
b) New profit sharing ratio : Meaning and problems.
3.2.1 Adjustments in connection with admission of a partner.
i) Revaluation of Assets and Liabilities of the firm.
ii) Distribution of reserves and undistributed profits or losses.
iii) Capital brought by the new partner : In cash and in the form of other assets.
iv) Goodwill and its treatment:
a) Meaning and factors affecting Goodwill.
b) Need for taking goodwill into account at the time of admission.
c) Methods of valuation of goodwill: Average profit Method- Problems. Super profit Method and Capitalization Method- Concepts only
d) Treatment of goodwill on admission of a new partner:
1) Goodwill brought in cash and withdrawn.
2) Goodwill brought in cash and retained.
3) Goodwill raised and retained.
4) Goodwill raised and written off.
v) Adjustment of old partners capital after admission on the basis of new partner’s capital and adjustments to be made in cash.
3.3 Preparation of Revaluation account Goodwill account Cash or bank account Partners’ capital accounts New balance sheet of the firm
Chapter 4 : Partnership Accounts –Retirement And Death Of A Partner
4.1 Retirement of a partner – Meaning
4.1.1 Ratios in connection with retirement of a partner
a) Gain Ratio – Meaning and problems.
b) New profit sharing ratio – Meaning and problems.
4.1.2 Adjustments in connection with retirement of a partner:
i) Revaluation of assets and liabilities of the firm.
ii) Distribution of reserves and undistributed Profits or losses.
iii) Treatment of Goodwill:
1) Created at its full value and retained.
2) Created at its full value and written off.
3) Created only to the extent of retiring partner’s share and written off.
4) Raised to the extent of retiring partner’s share and written off without opening goodwill account.
iv) Settlement of amount due to the retiring partner :
a) Settlement in full by cash/through over draft.
b) Transfer to loan account.
c) Partly paid cash and balance transfer to loan account.
d) Settlement in installments with interest.
v) Adjustment of continuing partners’ capital balances after retirement on the basis of the total capital of the new firm given according to the new profit ratio and adjustments to be made in cash.
4.2 Death of a Partner Ascertainment of the amount due to the deceased partner.Items to be taken into account :
a) Deceased partner’s capital.
b) Interest on deceased partner’s capital.
c) Salary or Commission up to the date of death.
d) Deceased partner’s share of undistributed profit or loss
e) Deceased partner’s share of reserve fund.
f) Deceased partner’s share of goodwill.
g) Share of revaluation profit or loss.
h) Deceased partner’s share of accrued profit or loss of the firm up to the date of his death.
i) Share of joint life policy.
k) Interest on drawings of deceased partner.
l) Preparation of Deceased partner’s capital account and executor’s account.
Chapter 5 : Partnership Accounts– Dissolution Of Partnership Firm
5.1 Dissolution of partnership -Meaning.
5.2 Dissolution of partnership Firm- Meaning.
5.3 Difference between Dissolution of partnership and partnership firm.
5.4 Circumstances of dissolution of a firm.
5.5 Settlement of accounts on dissolution of a firm.
5.6 Dissolution accounts :
a) Realisation account.
b) Partners’ capital accounts
c) Cash or bank account.