Principles and Practice of CA Foundation Accounts focus on providing basic conceptual knowledge of Accounting. The preparation of financial statements, computing accounting ratios and solving simple problems.
This paper is intended to give all of you, the upcoming chartered ‘ACCOUNTANCY’ students with strong (CA Foundation Accounts) help to enhance your studies at further levels.
The topics covered in this paper are, Theoretical Framework, Accounting process, bank reconciliation statements, Inventories, Depreciation. also,Special transactions such as consignment, Joint venture, Bills of exchange, Royalties, Average due date and account current.
Final Accounts of Sole Proprietors, Partnership accounts and also, Introduction to company accounts and Basic Accounting ratios.
The best approach to study Principles and Practice of CA Foundation Accounts. Accounting is a scoring subject at the CA Foundation level. so Practice well to score well.
Solve a good number of problems Understanding the concepts thoroughly helps you to solve any kind of problem. The syllabus is reasonably huge so, the only way to remember everything is by repetitive revision. Presentation is important but not as much as it was in your +2 level
About:– Best CA Foundation Faculty ( CA Lohith J )
CA Lohith.J is a Chartered Accountant by profession and teacher by passion .
He has around 15 years of experience in teaching field, handling subjects like Accounts , Business Laws , Taxation Laws , Costing & Financial Management for students of CA, CMA , CS CIMA, ACCA.
Lohith.J runs an Academy in Bangalore called Lohith’s Academy which focus on quality education for CA,CMA , CS and various other Commerce related Integrated Courses like B.Com + CA, B.Com + CS , B.Com + CMA.