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Accountancy is the practice of managing and recording financial transactions for businesses and individuals. It involves preparing financial statements, ensuring compliance with regulations, and offering insights for better financial decision-making. Accountants play a crucial role in maintaining transparency and accuracy in financial records. Their work is essential for budgeting, tax reporting, and strategic planning.

TopicMarks
Part 1

Partnership Accounting - Basic Concepts

6

Reconstitution of Partnership Firm: Admission of Partner

13

Reconstitution of Partnership Firm: Retirement/Death of Partner

13

Dissolution of Partnership Firm

13
Part 2

Accounting for Share Capital

13

Issue of Debentures - Redemption

12

Financial Statements of a Company

12

Accounting Ratio

9

Cash Flow Statement

9

Total

100

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