Assam HS Skill Subject Accountancy and Auditing study plan

Journalise 30 mixed transactions using double-entry rules, writing a narration for each and showing the accounting-equation effect for five of them.

Post every journal entry to the relevant ledger accounts, balance off 10 accounts and carry forward opening balances without a break in the double entry.

Extract a trial balance from a 25-transaction practice set and label each balance as asset, liability, capital, income or expense.

List five errors that a trial balance cannot reveal (complete omission, compensating error, and similar) and give a one-line numerical example of each.

Record 25 transactions through the subsidiary books - purchases, sales, returns and a three-column cash book - reserving the journal for opening and adjustment entries only.

Operate a petty cash book on the imprest system for one month of vouchers and record the entry that restores the imprest.

Explain going concern, accrual, consistency, prudence and materiality, each with one practical example drawn from a trading firm.

Classify 20 items as capital or revenue expenditure and state the effect of three misclassifications on reported profit and on the balance sheet.

Prepare a trading account and profit and loss account from a 30-item trial balance carrying six adjustments, showing each adjustment as a working note.

Prepare the balance sheet after adjustment, placing closing stock, outstanding expenses, prepaid expenses, accrued income and drawings in their correct positions.

Compute cost of goods sold and gross profit from opening stock, purchases, direct expenses and closing stock, and reconcile the figure to the trading account.

Apply depreciation, bad debts and a provision for doubtful debts in the final accounts and show how each changes net profit.

Prepare a profit and loss appropriation account allowing interest on capital, interest on drawings, partners' salary and commission before dividing the residual profit.

Maintain partners' capital accounts under both the fixed capital method and the fluctuating capital method, and state when each is preferred.

Divide profit between partners in a stated ratio after appropriations and prove that the total appropriated equals the profit available.

Explain in five lines why interest on drawings is charged and how it affects the distributable profit of the firm.

Distinguish audit from investigation, and statutory audit from internal audit, in a comparison table covering purpose, scope, independence and reporting.

State the primary objective of an audit and three secondary objectives, attaching one realistic fraud or error example to each secondary objective.

Describe six types of audit (statutory, internal, government, tax, performance, social) and name the situation in which each is used.

Outline the components of internal control and design a simple internal check routine for cash sales and purchases that separates recording from custody.

Prepare a cost sheet from 20 data items, correctly labelling prime cost, works cost, cost of production and cost of sales.

Classify 25 costs as direct or indirect, fixed or variable, and product or period, giving the reason for each classification in three words or fewer.

Tabulate the differences between cost accounting, financial accounting and management accounting on purpose, audience, period and reporting basis.

Match 12 items of audit evidence to the assertion each supports (existence, ownership, valuation, completeness) and rank them as strong or weak evidence.

Prepare a bank reconciliation statement from given cash book and passbook balances covering eight causes, including unpresented cheques, uncredited deposits, bank charges and direct debits.

Start one reconciliation from the cash book balance and another from the passbook balance, and show that both reach the same reconciled figure.

Pass rectification entries for 10 errors, identifying which are one-sided and need a suspense account, and close the suspense account.

Compute depreciation for three years on the same asset under the straight line and written-down value methods and show the asset account under each.

Distinguish provision from reserve with five examples and explain why a secret reserve is considered undesirable.

Vouch 15 transactions and name the specific documentary evidence required for each, including the checks to be applied to that document.

Verify 10 assets and liabilities, stating for each the ownership evidence examined and the valuation basis applied.

Draft an unmodified auditor's report and convert it into qualified, adverse and disclaimer versions by changing only the opinion paragraph.

Name five professional ethics principles and apply them to two short conflict scenarios involving fees and client pressure.

List three risks and three controls specific to a computerised accounting environment, including backup and audit trail.