The objective of this paper is to give the practical knowledge of accounting, selected cases relating to Indian Contract Act, concepts of demand and supply.
Preparing of business plan. Journalizing the transactions and posting in ledger
Preparing trial balance. Interpreting financial statements and calculating some ratios.
Use of Accounting Software Tally: Creation of Company; Creation of Ledger Account; Voucher Entry, Maintenance of Inventory Record; Analysis of Trial Balance & Final Accounts, result analysis of computer accounting.
Role Play on selecting leading cases relating to the Indian Contract Act, 1872.
Case study of demand and supply in present corporate world.