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Business & Accounting Practices
Paper Code:
JWT 501
Credits:
3
Contact Hours:
45.00
Max. Marks:
100.00
Objective:
To provide an understanding of the principles of accountancy, basic banking and their application in business.
9.00
Unit I:
Nature and Purpose of Business
- Concept and characteristics of business.
- Objects of Business-Economic and Social
- Business Risk-meaning, nature and causes
9.00
Unit II:
Forms of Business Enterprises
- Meaning, features, merits and limitations of the following forms of Business-
- Sole Proprietorship
- Partnership Firm
- Company (Private and Public)
9.00
Unit III:
Basic Accounting Concepts
- Objects, importance and principles of Book-keeping.
- Book-keeping: A working practical knowledge.
- Classification of Accounts and their Balances
9.00
Unit IV:
Practical accounting
- Posting to Ledgers and Balance of Ledgers
- Writing of Subsidiary Books-Purchase Book, Purchase Return Book, Sales Book Sales Return Book and Journal.
- An introductory knowledge of Trading Account, Profit &Loss Account and Balance Sheet.
9.00
Unit V:
Basic Banking
- Bank- Definition and Functions
- Some major credit instruments; Bills of Exchange, Promissory note, Cheque- types & Crossing Demand Draft. A brief study of RBI and NABARD
Essential Readings:
- Chhabra, T. N. & Chhabra, Sandhya., Business Studies, Arya Publications
- Tulsian, P.C., Business Studies, Ratna Sagar Publications
- Jain, Khandelwal., Fundamentals of Accountancy, Pareekh, Ramesh Book Depot
References:
- Gandhi, Poonam., Business Studies, Dhampat RAI & Co.
- Racchana ,M., Business Studies, Jivan Publishing House
- Grewal ,T.S., Double Entry Book Keeping, Sultan Chand & Sons , New Delhi
- Tulsian, P.C., Accountancy, Tata McGraw Hill
- Siddiqui, S.A.,Comprehensive Financial Accounting, Laxmi publications
- Sharma ,M. C., Bhardwaj , D.K. & Jain D.K., Book Keeping and Accountancy, Ramesh Book Depot, Jaipur .
Academic Year:
