BUSINESS & ACCOUNTING PRACTICES

Paper Code: 
JWT -501
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

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

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

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

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

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

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: 
  1. Chhabra, T. N. & Chhabra, Sandhya., Business Studies, Arya Publications
  2. Tulsian, P.C., Business Studies, Ratna Sagar Publications
  3. Jain, Khandelwal., Fundamentals of Accountancy, Pareekh, Ramesh Book Depot

 

 

References: 
  1. Gandhi, Poonam., Business Studies, Dhampat RAI & Co.
  2. Racchana ,M., Business Studies, Jivan Publishing House
  3. Grewal ,T.S., Double Entry Book Keeping, Sultan Chand & Sons , New Delhi
  4. Tulsian, P.C., Accountancy,  Tata McGraw Hill
  5. Siddiqui, S.A.,Comprehensive Financial Accounting, Laxmi publications
  6. Sharma ,M. C., Bhardwaj , D.K. & Jain D.K., Book Keeping and Accountancy, Ramesh Book Depot, Jaipur .

 

 

 

Academic Year: 
2014-2015
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