Financial Accounting Notes for B.Com (Part-I) / ADP / ADC / BS

Financial Accounting Notes for B.Com Part 1 / B.Com (Part-I) / B.Com (Hons) / ADP / ADC / BS (Accounting and Finance) / BBA / BS (Commerce) / BS (IT). Students of B.Com Part 1 / B.Com (Part-I) / B.Com (Hons) / ADP / ADC / BS (Accounting and Finance) / BBA / BS (Commerce) / BS (IT)  Level of any University recognized by Higher Education Commission (HEC), Islamabad belonging to any province i.e. Punjab, Sindh, KPK, Balochistan and Azad Kashmir and can get benefit from these notes. By studying our notes, we can guarantee you for getting maximum marks in your exams.

Accounting Notes for B.Com Part-I / ADP / ADC / BBA / BS (Commerce, Accounting, IT and Finance)

Please select a topic from below:

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[su_spoiler title=”Past / Old Question Paper for Punjab University” style=”fancy” icon=”plus” anchor=”” class=””]

Past / Old Annual and Supplementary Questions Papers of Punjab University

Annual 

  1. 2014
  2. 2015
  3. 2016
  4. 2017
  5. 2018
  6. 2019
  7. 2020

Supplementary 

  1. 2014
  2. 2015 
  3. 2016
  4. 2017
  5. 2018
  6. 2019

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[su_spoiler title=”Chapter Wise MCQ’s with Answer” style=”fancy” icon=”plus” anchor=”” class=””]

Chapter Wise Solved MCQs of Financial Accounting

  1. Chapter # 01 – Introduction of Accounting
  2. Chapter # 02 – Transactions and Accounting Equation
  3. Chapter # o3 – Analysis of Business Transactions and Double Entry System
  4. Chapter # 04 – Journal : The Book of Original Entry 
  5. Chapter # 05 – Ledger : The Main Book of Accounts
  6. Chapter # 06 – Bills of Exchange 
  7. Chapter # 07 – Special Journal
  8. Chapter # 08 – Cash Book
  9. Chapter # 09 – Bank Reconciliation Statement 
  10. Chapter # 10 – Final Account: The Completion of Accounting Cycle
  11. Chapter # 11 – Adjustments and Their Effect on Final Account
  12. Chapter # 14 – Capital and Revenue
  13. Chapter # 15 – Rectification of Errors 
  14. Chapter # 16 – Accounts form Incomplete Record
  15. Depreciation, Provisions and Reserves
  16. Chapter # 17 – Non – Profit Making Organization 
  17. Chapter # 18 – Consignment Account 
  18. Chapter # 20 – Partnership Accounts

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[su_spoiler title=”Guess Paper for Annual Exam” style=”fancy” icon=”plus” anchor=”” class=””]

Guess Paper of Financial Accounting Annual Exam for Punjab and Gujrat University

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[su_spoiler title=”Solution of Financial Accounting by Muhammad Arif Ch.  and Sohail Afzal” open=”no” style=”fancy” icon=”plus” anchor=”” class=””]

Solution of  Financial Accounting for B.com by Muhammad Arif  and Sohail Afzal

Solution Of Financial / Principles of  Accounting by M.A. Ghani

  1. Solution of Chapter # 02 – Accounting Principles and Accounting Equation
  2. Solution of Chapter # 03 – Nature of Accounts and Rules of Debit and Credit
  3. Solution of Chapter # 04 – Journal
  4. Solution of Chapter # 05 – Ledger
  5. Solution of Chapter # 06 – Banking Transactions
  6. Solution of Chapter # 07 – Bills of Exchange
  7. Solution of Chapter # 08 – Subdivision of Journal (I) -Cash Book and Bank Reconciliation Statement
  8. Solution of Chapter # 09 – Subdivision of Journal (II) – Other Subsidiary Books
  9. Solution of Chapter # 10 – Final Accounts
  10. Solution of Chapter # 11 – Adjustments at Balancing Time
  11. Solution of Chapter # 12 – Provision For Bad Debts and Discounts
  12. Solution of Chapter # 13 – Work Sheet
  13. Solution of Chapter # 14 – Capital and Revenue
  14. Solution of Chapter # 15 – Rectification of Errors

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[su_spoiler title=” Chapter Wise Notes” open=”no” style=”fancy” icon=”plus” anchor=”” class=””]

 Final Account
  1. Definition and Introduction of Final Account
  2. Trading Account Definition, Objective and Importance
  3. Trading Account Items with Brief Explanation
  4. Format of Trading Account
  5. Journal Entries of Trading Account
  6. Profit and Loss Account Definition, Features and Objective
  7. Journal Entries of Profit and Loss Account
  8. Format of Profit and Loss Account
  9. Format of Balance Sheet

Depreciation 

  1. Modified Accelerated Cost Recovery System (MACRS) 200% Half Year Convention Rate Table
  2. MACRS Switch to Straight Line Method 
  3. Declining Balance Method Switch to Straight Line Method 
  4. Which Depreciation Method Best to Use
  5. Why Residual Value Ignore in Diminishing Value Method

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