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)
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[su_spoiler title=”Chapter Wise Important Short and Numerical Questions” style=”fancy” icon=”plus” anchor=”” class=””]
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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
Supplementary
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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
- Chapter # 01 – Introduction of Accounting
- Chapter # 02 – Transactions and Accounting Equation
- Chapter # o3 – Analysis of Business Transactions and Double Entry System
- Chapter # 04 – Journal : The Book of Original Entry
- Chapter # 05 – Ledger : The Main Book of Accounts
- Chapter # 06 – Bills of Exchange
- Chapter # 07 – Special Journal
- Chapter # 08 – Cash Book
- Chapter # 09 – Bank Reconciliation Statement
- Chapter # 10 – Final Account: The Completion of Accounting Cycle
- Chapter # 11 – Adjustments and Their Effect on Final Account
- Chapter # 14 – Capital and Revenue
- Chapter # 15 – Rectification of Errors
- Chapter # 16 – Accounts form Incomplete Record
- Depreciation, Provisions and Reserves
- Chapter # 17 – Non – Profit Making Organization
- Chapter # 18 – Consignment Account
- Chapter # 20 – Partnership Accounts
- Profit Distribution
- Admission of Partner
- Retirement of A Partner
- Death of A Partner
- Dissolution of Partnership
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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
- Guess Paper of Financial Accounting Annual Exam 2021 for Punjab University
- Guess Paper of Financial Accounting Annual Exam 2021 for 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
- Chapter # 02 – Transaction and Accounting Equation
- Chapter # 03 – Analysis of Business Transaction and Double Entry System
- Chapter # 04 – Journal: The Book of Original Entry
- Chapter # 05 – Ledger: The Main Book of Accounts
- Chapter # 06 – Accounting For Bills of Exchange
- Chapter # 07 – Special Journals
- Chapter # 08 – Cash Book
- Chapter # 08 – Bank Reconciliation Statement
- Chapter # 10 – Final Accounts: The Completion of Accounting Cycle
- Chapter # 11 – Adjustments and Their Effect on Final Accounts
- Chapter # 12 – Work Sheet
- Chapter # 13 – Financial Statements
- Chapter # 15 – Rectifying of Errors
- Chapter # 16 – Accounts from Incomplete Records
- Chapter # 17 – Accounts of Non Profit Making Organizations
- Chapter # 18 – Partnership Account ( Distribution of Profits or loss )
- Chapter # 18 – Partnership Account ( Admission of Partner )
- Chapter # 18 – Partnership Account ( Retirement of Partner )
- Chapter # 18 – Partnership Account ( Death of Partner)
- Chapter # 18 – Partnership Account ( Dissolution of Partnership)
- Chapter # 19 – Depreciation Provisions and Reserves
Solution Of Financial / Principles of Accounting by M.A. Ghani
- Solution of Chapter # 02 – Accounting Principles and Accounting Equation
- Solution of Chapter # 03 – Nature of Accounts and Rules of Debit and Credit
- Solution of Chapter # 04 – Journal
- Solution of Chapter # 05 – Ledger
- Solution of Chapter # 06 – Banking Transactions
- Solution of Chapter # 07 – Bills of Exchange
- Solution of Chapter # 08 – Subdivision of Journal (I) -Cash Book and Bank Reconciliation Statement
- Solution of Chapter # 09 – Subdivision of Journal (II) – Other Subsidiary Books
- Solution of Chapter # 10 – Final Accounts
- Solution of Chapter # 11 – Adjustments at Balancing Time
- Solution of Chapter # 12 – Provision For Bad Debts and Discounts
- Solution of Chapter # 13 – Work Sheet
- Solution of Chapter # 14 – Capital and Revenue
- 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=””]
- Definition and Introduction of Final Account
- Trading Account Definition, Objective and Importance
- Trading Account Items with Brief Explanation
- Format of Trading Account
- Journal Entries of Trading Account
- Profit and Loss Account Definition, Features and Objective
- Journal Entries of Profit and Loss Account
- Format of Profit and Loss Account
- Format of Balance Sheet
Depreciation
- Modified Accelerated Cost Recovery System (MACRS) 200% Half Year Convention Rate Table
- MACRS Switch to Straight Line Method
- Declining Balance Method Switch to Straight Line Method
- Which Depreciation Method Best to Use
- Why Residual Value Ignore in Diminishing Value Method
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