ADC/B.Com-I: Accounting

Revised paper of ADC Part – I – Accounting (as per University of Karachi) includes the following chapters:

Introduction to Accounting and Basic Concepts, General Journal, General Ledger & Trial Balance, Accounting for Depreciation, Inventory Valuation, Valuation of Accounts Receivable, Accounting for Partnership: (Partnership – Formation, Partnership – Distribution of Profit and Loss, Partnership – Liquidation / Dissolution, Partnership – Retirement, Partnership – Admission), Correction of Errors, Bank Reconciliation Statement, Voucher System, Adjusting, Closing and Reversing Entries, Worksheet and Financial Statements

Most of the topics of ADC Part – I Accounting are same as XI Accounting and XII Accounting but with some advancement, while some new topics are included in ADC Part – I Accounting like Valuation of accounts receivable, Inventory valuation, Voucher system, and Worksheet. Lectures on the above topics are available by an experienced teacher and author of accounting and statistics book.