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Announcement for the Students of Foundation level appearing for November, 2019 Examination

Paper 1: Principles and Practice of Accounting

Applicable topics effective from November, 2019 Examination



Chapter 1: Theoretical Framework

Unit 1: Meaning and Scope of Accounting

Unit 2: Accounting Concepts, Principles and Conventions Unit 3: Accounting Terminology – Glossary

Unit 4: Capital and Revenue Expenditures and Receipts Unit 5: Contingent Assets and  Contingent  Liabilities Unit 6: Accounting Policies

Unit 7: Accounting as a Measurement Discipline  – Valuation Principles, Accounting Estimates

Unit 8: Accounting Standards

Unit 9: Indian Accounting Standards

Chapter 2: Accounting Process

Unit 1: Basic Accounting Procedures - Journal Entries Unit 2: Ledgers

Unit 3: Trial  Balance Unit 4: Subsidiary Books Unit 5: Cash Book

Unit 6: Rectification of Errors

Chapter 3: Bank Reconciliation Statement

Chapter 4: Inventories

Chapter    5:      Concept                   and Accounting of Depreciation

Chapter 6: Accounting for Special Transactions

Unit 1:  Bill of  Exchange and Promissory Notes Unit 2: Sale of Goods on Approval or Return Basis Unit 3: Consignment

Unit 4: Average Due Date Unit 5: Account Current

Chapter 7: Preparation of Final Accounts of Sole Proprietors

Unit 1: Final Accounts of Non-Manufacturing Entities Unit 2: Final Accounts of Manufacturing Entities

Chapter 8: Partnership Accounts

Unit 1: Introduction to Partnership Accounts

Unit 2: Treatment of Goodwill in Partnership Accounts Unit 3: Admission of a New Partner

Unit 4: Retirement of a Partner Unit 5: Death of a Partner

Chapter 9: Financial Statements of Not-for-Profit Organization

Chapter 10: Company Accounts

Unit 1: Introduction to Company Accounts

Unit 2: Issue, Forfeiture and Re-Issue of Shares Unit 3: Issue of Debentures

*Topics of Joint Venture for Non-Corporate Entities, Royalty Accounts and Basic Accounting Ratios are not applicable w.e.f Nov. 2019 Exam. The students who have any Edition of Study Material prior to March, 2019 are advised to ignore these topics while preparing for November, 2019 Examination.

Applicable Edition

March, 2019

Paper 2: Section A: Business Laws

Applicable topics effective from November, 2019 Examination

Chapter 1: The Indian Contract Act, 1872

An overview of sections 1 to 75 covering the general nature of contract, consideration, other essential elements of a valid contract, performance of contract, breach of contract, contingent and Quasi contract

Chapter 2: The Sale of Goods Act, 1930

Formation of the contract of sale, Conditions and warranties, Transfer of ownership and delivery of goods, Unpaid seller and his rights

Chapter 3: The Indian Partnership Act, 1932

Sections 1-49 & 58-59A-1

Chapter 4: The Limited Liability Partnership Act, 2008

Sections 2-7, 11-17, 22-31, 34, 35, 55- 59 & 63-69

Chapter 5: The Companies Act, 2013

Essential features of company, corporate veil theory, Classes of companies, types of share capital, incorporation of company, Memorandum of Association, Articles of Association, Doctrine of Indoor Management

Applicable Edition

March, 2019

Paper 2: Section B: Business Correspondence and Reporting

Applicable Edition

March, 2019

Paper 3: Business Mathematics and Logical Reasoning & Statistics

Applicable Edition

March, 2019

Paper 4: Part I: Business Economics

Applicable Edition

March, 2019

Paper 4: Part II: Business and Commercial Knowledge

Applicable Edition

January, 2019

Note: The applicable edition of Study Materials for all the papers have been uploaded on the BoS Knowledge Portal of the Institute's website at the link:

Director, Board of Studies

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