{"id":3713,"date":"2026-03-16T12:21:33","date_gmt":"2026-03-16T12:21:33","guid":{"rendered":"https:\/\/commerce.vibrantonlineacademy.com\/?page_id=3713"},"modified":"2026-03-17T13:07:11","modified_gmt":"2026-03-17T13:07:11","slug":"financial-accounting","status":"publish","type":"page","link":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/financial-accounting\/","title":{"rendered":"UNIT – 6 : FINANCIAL ACCOUNTING"},"content":{"rendered":"

Introduction and Core Accounting Principles\u00a0<\/strong><\/h3>\n
Introduction to Accounting: Meaning, Objectives, and Scope<\/strong><\/a><\/h5>\n
Accounting Concepts: Business Entity, Going Concern, etc.<\/strong><\/a><\/h5>\n
Accounting Conventions: Consistency, Conservatism, etc.<\/strong><\/a><\/h5>\n
Indian Accounting Standards: Overview and Importance<\/strong><\/a><\/h5>\n
Accounting Equation: Meaning and Application<\/strong><\/a><\/h5>\n
Double Entry System of Accounting<\/strong><\/a><\/h5>\n
Journal: Meaning, Format, and Entries<\/strong><\/a><\/h5>\n
Ledger: Posting and Balancing Accounts<\/strong><\/a><\/h5>\n
Cash Book: Types and Accounting Treatment<\/strong><\/a><\/h5>\n
Other Subsidiary Books: Purchases, Sales, Journal Proper, etc.<\/strong><\/a><\/h5>\n

Trial Balance, Errors, and Reconciliations\u00a0<\/strong><\/h3>\n
Trial Balance: Purpose and Preparation<\/strong><\/a><\/h5>\n
Types of Accounting Errors: Errors of Omission, Commission, etc.<\/strong><\/a><\/h5>\n
Rectification of Errors: Before and After Trial Balance<\/strong><\/a><\/h5>\n
Bank Reconciliation Statement: Meaning and Steps<\/strong><\/a><\/h5>\n
Capital vs Revenue Expenditures: Classification and Examples<\/strong><\/a><\/h5>\n
Depreciation Accounting: Methods and Journal Entries<\/strong><\/a><\/h5>\n

Final Accounts and Adjustments<\/strong><\/h3>\n
Final Accounts of Sole Proprietors: Trading Account<\/strong><\/a><\/h5>\n
Final Accounts: Profit & Loss Account<\/strong><\/a><\/h5>\n
Final Accounts: Balance Sheet with Adjustments<\/strong><\/a><\/h5>\n
Adjustments in Final Accounts: Outstanding, Prepaid, Accrued, etc.<\/strong><\/a><\/h5>\n
Average Due Date: Concept and Calculation<\/strong><\/a><\/h5>\n
Account Current: Meaning and Methods<\/strong><\/a><\/h5>\n

Special Accounting Topics\u00a0<\/strong><\/h3>\n
Bills of Exchange: Features and Journal Entries<\/strong><\/a><\/h5>\n
Accounts from Incomplete Records (Single Entry System)<\/strong><\/a><\/h5>\n
Accounts of Not-for-Profit Organisations: Receipts and Payments Account<\/strong><\/a><\/h5>\n
Income and Expenditure Account: Features and Differences<\/strong><\/a><\/h5>\n
Balance Sheet for Not-for-Profit Organisations<\/strong><\/a><\/h5>\n
Consignment Accounts: Concepts, Valuation, and Entries<\/strong><\/a><\/h5>\n
Joint Venture Accounts: Methods and Entries<\/strong><\/a><\/h5>\n
Difference Between Consignment and Joint Venture<\/strong><\/a><\/h5>\n

Partnership Accounts<\/strong><\/h3>\n
Partnership: Features and Partnership Deed<\/strong><\/a><\/h5>\n
Final Accounts of Partnership Firms<\/strong><\/a><\/h5>\n
Admission of Partner: New Ratio, Goodwill, Revaluation, etc.<\/strong><\/a><\/h5>\n
Revaluation Account: Format and Adjustments<\/strong><\/a><\/h5>\n
Retirement of Partner: Treatment of Goodwill and Revaluation<\/strong><\/a><\/h5>\n
Death of a Partner: Treatment and Settlement<\/strong><\/a><\/h5>\n
Gaining Ratio and Capital Adjustments<\/strong><\/a><\/h5>\n
Memorandum Revaluation Account<\/strong><\/a><\/h5>\n
Dissolution of Partnership Firms: Preparation of Realisation Account<\/strong><\/a><\/h5>\n
Settlement of Accounts on Dissolution (Insolvency and Non-insolvency Cases)<\/strong><\/a><\/h5>\n","protected":false},"excerpt":{"rendered":"

Introduction and Core Accounting Principles\u00a0 Introduction to Accounting: Meaning, Objectives, and Scope Accounting Concepts: Business Entity, Going Concern, etc. Accounting […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3713","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/wp-json\/wp\/v2\/pages\/3713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/wp-json\/wp\/v2\/comments?post=3713"}],"version-history":[{"count":8,"href":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/wp-json\/wp\/v2\/pages\/3713\/revisions"}],"predecessor-version":[{"id":4271,"href":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/wp-json\/wp\/v2\/pages\/3713\/revisions\/4271"}],"wp:attachment":[{"href":"https:\/\/commerce.vibrantonlineacademy.com\/index.php\/wp-json\/wp\/v2\/media?parent=3713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}