1.2 The Indian partnership Act 1932

1.3 Methods of capital accounts

• Fixed Capital Method
• Fluctuating Capital Method

• Closing stock
• Outstanding expenses
• Prepaid expenses
• Income received in advance
• Income receivable
• Bad debts
• Provision for doubtful debts
• Reserve for a discount on debtors and creditors
• Depreciation
• Interest on capital, drawings, and loans
• Interest on investment and loans
• Goods destroyed by fire/ accident (insured / uninsured)
• Goods were stolen
• Goods distributed as free samples
• Goods withdrawn by partners
• Unrecorded purchases and sales
• Capital expenditure included in revenue expenses and vice-versa
• Bills Receivable dishonored
• Bills payable dishonored
• Deferred expenses
• Capital receipts included in revenue. Receipts and vice-versa
• Commission to working partner/ Managers on the basis of Gross profit, Net profit, sales, etc.

3.2 Admission of a partner

3.2.1 Meaning and Need

3.2.2 Capital brought by a new partner

3.2.3 New profit sharing ratio

3.2.4 Sacrifice ratio

3.2.5 Goodwill – Meaning, Methods of valuation and treatment of goodwill.

• Average profit method
• Super profit method

3.2.6 Adjustment of accumulated profits and losses.

3.2.7 Revaluation of assets and liabilities

3.2.8 Adjustment of capitals

3.3 Retirement / Death of a partner

3.3.1 Meaning, need

3.3.2 New ratio

3.3.3 Gain ratio

3.3.4 Treatment of goodwill

3.3.5 Adjustment of accumulated profits and losses

3.3.6 Revaluation of assets and liabilities

3.3.7 Adjustment of capital

3.3.8 Amount due to retiring partner

3.3.9 Death of partner

5.2 Receipts and Payments Account meaning and features. The distinction between Income and Expenditure account.

5.3 Preparation of Income and Expenditure Account and Balance Sheet with the following

a) Additional Information

• Outstanding expenses and prepaid expenses of the current and previous year
• Accrued income and income received in advance
• Subscription received in advance and Subscription outstanding of the current and previous year
• Depreciation
• The capitalization of entrance fees.
• Creation of special funds out of donations
• Stock of stationery
• Opening balances of assets and liabilities

b) Important Items: Entrance fees, Subscriptions, Legacy, life membership fees, Sale of old assets, Scrap, Newspapers, Specific donation, General Donations, Specific Funds, Endowment fund

• Meaning of single entry system.
• Difference between single entry and double-entry system.

6.2 Preparation of statements

6.3 Additional information.

• Additional capital
• Drawings
• Depreciation on fixed Asset
• Bad Debts
• Reserve for Doubtful Debts
• Undervaluation and Overvaluation of Assets and Liabilities
• Interest on loan
• Interest on capital
• Interest on Drawings
• Partners salary
• Outstanding / Unpaid expenses
• Prepaid Expenses/ Expenses paid in advance.

7.2 Draft/format of Bills, Parties to the Bill of Exchange, Acceptance of Bill, Terms of Bill, Days of Grace, Date of maturity, Due Date, Types of Bill

7.3 Honouring of Bill, Dishonour of Bill, Noting and Protesting of Bill, Notary Public and Noting Charges

7.4 Accounting Treatment of Bill by the Drawer/Holder and Drawee in
following cases:

• Retaining the Bill till due date. honor/dishonor, insolvency of thedrawee/ acceptor
• Endorsement of the Bill, honor/dishonor and also insolvency ofacceptor
• Discounting the Bill with the Bank honor/dishonor and insolvency.
• Sending the Bill to the Bank for collection, honor/dishonor, and insolvency
• Renewal of Bill-Reasons for Renewal of the Bill. Renewal of Bill with orwithout charging interest.
• Making a part payment of basic amount, interest and noting charges anddrawing of new Bill.
• Honor/dishonor of New Bill
• Insolvency of the acceptor and settlement of his account
• Retirement of Bill
• Journal Entries and Ledger

8.2 Accounting for Share Capital: Issue and Allotment of Equity Shares. Private placement of shares. Public subscription of shares. Oversubscription and Under subscription of shares. The issue at Par and premium, and at discount, Calls in advance in arrears, Issue of shares for consideration other than cash.

8.3 Accounting treatment of forfeiture and re-issue

8.4 Disclosure of Share capital in the Company’s Balance Sheet (Horizontal form)

9.2 Issue of debentures for consideration other than cash. Interest on Debentures.

10.2 Tools for financial statement Analysis-meaning of comparative statements, common-size statements, cash flow analysis, and Ratio analysis.

10.3 Accounting Ratios: Meaning of objectives and classification of Ratios.

10.4 Introductions to current ratio, liquid ratio, Gross profit ratio, operating profit ratio, and Net profit ratio. ROI, ROCI

• Introduction to Micro Economics
• Consumers behaviour
• Demand
  • Analysis of Demand
  • Elasticity of Demand
• Analysis of Supply
• Types of Market & Price determination under Perfect competition
• Factors of Production

• Introduction to Macro Economics8. National Income
• Determinants of Aggregates
• Money
• Commercial Bank
• Central Bank
• Public Economics

1.3 Statement patterns and logical equivalence

1.4 Algebra of statements

1.5 Venn diagrams

2.3 Inverse of a matrix

2.4 Solution of equations

4.3 Derivative of an implicit function

4.4 Derivative of a parametric function

4.5 Second order derivative

6.3 Rules of Integration

6.4 Methods of Integration

6.5 Integration by parts

7.3 Applications

2.2 Discount

3.2 Annuity

4.3 Measurements of Mortality

4.4 Life tables

5.2 Karl Pearson’s coefficient of correlation

5.3 Rank correlation

6.2 Regression coefficients and their properties.