Principles of Accounting

FSc Part 1 - Principles of Accounting

Principles of Accounting is a compulsory subject for those who opted for an Intermediate of Commerce. This course is built up to teach students the basics of accounting. Though it is not a difficult subject, but many students find it confusing as they had never learnt this subject in their previous classes. Mr Yasir Nisar will train you in this subject at instutor.com. He will first develop your interest and later he will create your base of accounting

Syed Yasir  Nisar

Syed Yasir Nisar

MBA (Finance)

25 total

Subject Details

Students usually start learning English, Urdu, Math, and Science since their childhood. However, most of them had never studied accounting before they enrolled in intermediate. Thus, this subject sounds them different, unique and a bit difficult, but our video lectures will help them to get good hands on accounting. All of the given below lectures have been explained by a well-qualified and experienced teacher in video tutorials. Watching them and taking tests will surely help you to achieve a good grade in the subject.

 

Content:

This book contains 11 chapters which titles are given under:

Introduction to Accounting

Accounting Equation

Analysis of Business Transactions

Journal

Ledger

Bills of Exchange                                                             

Cash Book and Bank Reconciliation Statement

Simple Final Accounts

Final Account with Adjustments

Capital and Revenue

Rectification of Errors

 

Paper Pattern:

Just like other subjects, the paper of accounting also comprises of objective and subjective portions. The details for both of them is given below:

 

Objective Wise:

This portion carries 20 marks and time allowed to solve it is half an hour. It contains 20 multiple choice questions, each of 1 mark. Most of these questions come from definitions or simple concepts.

Subjective Wise:

The time allowed for subjective-wise is two and a half hour, while it carries 80 marks as a whole. This portion is further divided into two parts, i.e., brief and long questions. There are two questions in brief part, further divided into 8 each. Both of them carry 10-10 marks. Students have choice to attempt 5 parts from each of the questions. These questions are usually based on small and conceptual base definitions.

Part-II of subjective part consist of long questions. There are total six questions in this part while students just have to attempt three of their own choice. Each question carries 10 marks. Usually, every long question contains several small portions and students need to answer them accordingly. These questions could be numerical/calculative or definition based.