Transcription of 15. ISC Accounts Scope - Revised
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15. ISC Accounts Scope - Revised
Accounts (858). Aims: 1. To provide an understanding of the principles of 2. To develop an understanding of the form and Accounts and practice in recording transactions classification of financial statements as a means and interpreting individual as well as company of communicating financial information. Accounts . CLASS XI. There will be two papers in the subject. (d) Accounting Standards: Concept and objectives. Paper I - Theory: 3 hours 80 marks (e) Basic Terms: Event, Transaction, Vouchers, Paper II- Project Work 20 marks Debtors, Creditors, Purchases, Sales, Assets PAPER - I (THEORY) 80 Marks (intangible, tangible, fixed, current, liquid and fictitious), Liabilities (internal and external . There will be one paper of 3 hours duration of current, fixed and contingent), Goods traded 80 marks divided into two parts.
83 (iv) Preparation of Trading Account, Profit and Loss Account and Balance Sheet with necessary adjustments. Adjustments relating to closing stock,
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