Principles and Practice of CA Foundation Accounting focus on providing basic conceptual knowledge of Accounting. The preparation of financial statements, computing accounting ratios and solving simple problems.
This paper is intend to give all of you, the upcoming chartered ‘ACCOUNTANCY’ students with strong (CA Foundation Accounts) help to enhance your studies at further levels.
The topics covered in this paper are, Theoretical Framework, Accounting process, bank reconciliation statements, Inventories, Depreciation. Special transactions such as consignment, Joint venture, Bills of exchange, Royalties, Average due date and account current. Final Accounts of Sole Proprietors, Partnership accounts, and, Introduction to company accounts and Basic Accounting ratios.
The best approach to study Principles and Practice of CA Foundation Accounts. Accounting is a scoring subject at the CA Foundation level. so Practice well to score well.