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FOUNDATION PROGRAMME - ICSI

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ISTUDY MATERIALFOUNDATION PROGRAMMEFUNDAMENTALS OFACCOUNTING ANDAUDITINGPAPER 4ICSI House, 22, Institutional Area, Lodi Road, New Delhi 110 003tel 011-4534 1000, 4150 4444fax +91-11-2462 6727email THE INSTITUTE OF COMPANY SECRETARIES OF INDIATIMING OF HEADQUARTERSMonday to FridayOffice Timings to Dealing TimingsWithout financial transactions to financial transactions to , Typesetting by AArushi Graphics, Prashant Vihar, New Delhi, andPrinted at IPP Printers/March 2016iiiiiFOUNDATION PROGRAMME IMPORTANT NOTEThe study material has been written in lucid and simple language and conscious efforts have been made toexplain the fundamental concepts and principles of accounting and auditing.

Capital and Revenue Profits 84 Capital and Revenue Losses 84 Review Questions 84 Contingent Assets 86 Contingent Liability 87 LESSON ROUND UP 87 GLOSSARY 88 SELF-TEST QUESTIONS 88 LESSON 5 BANK RECONCILIATION STATEMENT Introduction 92 Review Questions 93 Causes of difference between Bank Balance as per Cash Book and …

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