Tribhuvan University
Faculty of Management
Office of the Dean
Bachelor of Business Administration (BBA)
Course Objective
:The objectives of the course are to provide the students with in-depth knowledge of accounting required to handle accounting work in various business situations, like consignment, branch, etc., independently. The course aims to provide the knowledge required by the students for advanced studies in theaccounting subject.
Course Description
:This course contains the conceptual and theoretical foundation of business. It also comprises the concept of partnership, accounting for consignments, joint ventures, branches, departments, packages or containers, professional men, royalties, hire-purchase, and installment.
Course Contents:
Lecture hours show the approximate classroom time allocated to each unit.
Unit 1.Business Accounting
- Concept, objectives, and importance of business accounting
- Partnership: Concept and objectives
- Types of partnership
- Partnership agreement.
Unit 2.Accounting for Consignments
- Concept, Difference between consignment and sales
- Consignment goods sent at invoice price, Consignment expenses, Commission, Valuation of unsold stock, Loss of goods on consignment: Normal loss, Abnormal loss
- Consignment goods taken over by consignee.
Unit 3.Accounting for Joint Ventures
- Concept
- Features and advantages of joint venture
- Methods of accounting: Without keepingaseparate set of books, with keeping aseparate set of books.
Unit 4.Accounting for Branch
- Concept and types of branch: Dependent branch, Independent branch
- Accounting treatment of some important adjustments: Normal loss, abnormal loss, cash in transit, goods in transit
- Inter-branch transactions
- Accounting records.
Unit 5.Accounting for Departmentof Activity
- Concept, objectives, and types of department
- Department trading and profit and loss account
- Allocation of expenses
- Difference between branch and department
- Inter– department transfer.
Unit 6.Accounting for Packages orContainers
- Concept, objectives, and importance terms of container
- Calculation of missing terms of container
- Accounting for types of container: Returnable: with maintaining trading and reserve account.
Unit 7.Accounting forProfessional Men
Concept and techniques in general; Accounting treatment: receipt and payment account, adjustments, income and expenditure account, profit and loss account, balanced sheet, household cash statement.
Unit 8.Accounting for Royalties
- Concept
- Objectives
- importance and modern terms
- Accounting treatment with and without maintaining minimum rent account.
Unit 9.Accounting for Hire Purchase System
- Concept and objectives of hire purchase system
- Calculation of interest, cash price and installment (using analytical table)
- Accounting treatment as per actual cash price method: In the book of purchaser: Journal entries, Necessary ledger accounts, In the book of vendor: Journal entries, Necessary ledger accounts.
Unit 10.Accounting for Installment System
- Concept and features of installment system
- Difference between hire purchase and installment system
- Calculation of interest, cash price, and installment (using analytical table)
- Accounting treatment with opening interest suspense account: In the book of purchaser: Journal entries, Necessary ledger accounts, In the book of vendor: Journal entries, Necessary ledger accounts.
Suggested Readings:
Battliboi, J. R. (2017). Advanced Accounting. Standard Accountancy Publication Pvt. Ltd. Jain, S. P. & Narang, K. L. (2014). Advanced Accounting, Corporate Accounting. Kalyani Publishers. Shukla, Grewal &Gupta (2017). Advanced Accounting. S. Chand &Co.