Vikas Sharma

Manufacturing account: prime cost, factory overheads, work-in-progress and cost of production, and how it feeds the trading account4 Oct 2026 Final accounts of a sole proprietor: the trading account, profit and loss account and balance sheet with the usual year-end adjustments4 Oct 2026 Bills of exchange and promissory notes: accounting entries in the books of the drawer and the drawee for acceptance, discounting, endorsement, dishonour, noting charges, renewal and retirement4 Oct 2026 Depreciation accounting: straight line and written down value methods, journal entries, change of method, revision of useful life and profit or loss on sale of an asset4 Oct 2026 Bank reconciliation statement: why the cash book and the bank statement differ, the steps, and a worked example starting from either balance, including an overdraft4 Oct 2026 Rectification of errors: types of errors, one-sided and two-sided errors, the suspense account, and correction before and after the final accounts4 Oct 2026 Cash book: single, double and triple column cash books, contra entries, and the petty cash book on the imprest system4 Oct 2026 Subsidiary books: the purchases book, sales book, returns books and journal proper, how they are written up and posted to the ledger4 Oct 2026 Trial balance: methods of preparation, what agreement proves, and the errors a trial balance does not reveal4 Oct 2026 Ledger accounts: how to post from the journal, balance each account and carry balances forward, with a worked example4 Oct 2026 Journal entries: the rules of debit and credit, the accounting equation and how to journalise the common transactions of a small business4 Oct 2026 Measurement bases in accounting: historical cost, current cost, realisable value and present value, and how accounting estimates are made and changed4 Oct 2026