The qualifying accountancy test is applicable to those who have not studied accountancy subject in Class XII. The selection stands cancelled if the candidate fails to clear the above test which will be scheduled on the reopening day.
The test will be conducted only for candidates who completes the fee payment before the due date mentioned in the selection list
FUNDAMENTALS OF ACCOUNTING
Introduction to Accounting : Meaning and Definition - Basic Terms and Concepts - Accounting Principles - Accounting Standards
Accounting Process : System of Accounting - Single Entry System and Double Entry System of Book-Keeping - Classification of Accounts - Rules of Debit and Credit - Golden Rules of Accounts.
Journal - Meaning of Journal - Meaning of Journalising and Journal Entry - Simple and Compound Entries - Problems
Ledger - Meaning of Ledger - Distinction between Journal and Ledger - Steps involved in posting of entries from Journal to Ledger - Posting go Opening entry, Posting of compound entry - Posting of entries from Journal to ledger - Balancing of ledger Accounts
Trial Balance: Meaning and Objectives - Preparation of Trail Balance from Ledger Balances - Problems
Cash Book - Meaning and Objectives of Cash Book - Types of cash Book - Simple cash book (Single Column Cash Book)- meaning - format and recording - Problems