Industrial Accounts

Introduction to Accounts

  • Introduction, Accounts, Basic Accounting Terms Used, Book Keeping, Accounting Procedure
  • Book Keeping. Objective
  • Difference Between Accounting, Book Keeping
  • Double Entry System & Single Entry System
  • Accounts Heads, Books of Accounts

Practical System of Book Keeping

  • Cash Book
  • Petty Cash Book
    • Simple Petty Cash Book
    • Analytical Petty Cash Book
  • Ledgers, Trial Balance
  • Final Accounts (Trading / Profit & Loss Accounts / Balance Sheet)

Accounts of Labour Cost

  • Payroll Statements
  • Provident Fund Calculations
  • Employee State Insurance Calculations
  • PF Recovery, Advances Deductions
  • Overtime Calculations (Days & Hours)
  • Pay Slips, Payment Advices
  • Bonus Statement
  • Voucher Forms

Accounts for Materials

  • GST Billing
  • Stock Ledgers
  • Methods of Stock Valuation, LIFO - FIFO - Avg Cost - Standard Cost - Last Purchase Prices, Weighted Average Method.
  • Stock Statement

Finalizations of Firms

  • Depreciation
  • Trading Accounts, Profit & Loss Accounts, Balance Sheet with Adjustment of Firms