Tamil Nadu HSE Second Year Accountancy study guide
Tamil Nadu HSE Second Year Accountancy · Work through your exam, one topic at a time.
The Tamil Nadu Higher Secondary Second Year Accountancy examination is the Class 12 accountancy paper taken by students in the Tamil Nadu State Board stream, usually alongside Commerce, Economics and Business Maths. It is a school-leaving and university-eligibility subject: marks here feed directly into higher secondary marksheets and into cut-offs for B.Com, BBA, CA foundation routes and other commerce programmes. The Tamil Nadu HSE Second Year Accountancy study guide has 12 sections and about 2,984 words.
01Accounting Fundamentals and Basic Concepts
This domain tests the conceptual foundation of Tamil Nadu HSE Second Year Accountancy: the accounting equation, accounting concepts and conventions, capital and revenue items, and the basis of recording transactions. Dual aspect: every transaction has two effects; Assets = Liabilities + Capital must always balance.
241 words, about 1 min02Journal, Ledger and Trial Balance
This domain tests journalising, ledger posting, balancing accounts and preparing a trial balance in Tamil Nadu HSE Second Year Accountancy. The journal records transactions chronologically with date, particulars, debit, credit and narration.
259 words, about 1 min03Subsidiary Books and Bank Reconciliation Statement
This domain tests special journals, the cash book, petty cash and the preparation of a bank reconciliation statement (BRS) from cash book and pass book balances. Purchases book records only credit purchases of goods; sales book records only credit sales of goods.
267 words, about 1 min04Depreciation Accounting
This domain tests the meaning and causes of depreciation, straight line and written down value methods, and accounting treatment including asset disposal. Depreciation allocates the depreciable cost of a fixed asset over its useful life; it is a charge against profit, not a valuation of the asset.
250 words, about 1 min05Final Accounts of Sole Proprietors
This domain tests the trading account, profit and loss account and balance sheet, including year-end adjustments, for a sole proprietor. Trading account finds gross profit: sales minus cost of goods sold, where cost of goods sold = opening stock + purchases + direct expenses - closing stock.
267 words, about 1 min06Accounts from Incomplete Records
This domain tests single entry or incomplete records, statement of affairs, computation of profit from capital changes, and missing figure calculations. A statement of affairs lists assets and liabilities to find capital: Capital = Assets - Liabilities.
241 words, about 1 min07Partnership Accounts
This domain tests partnership profit sharing, capital and current accounts, goodwill, admission, retirement and death adjustments. Partners share profits in the agreed ratio; in the absence of an agreement, profits and losses are shared equally.
255 words, about 1 min08Company Accounts
This domain tests share capital, issue of shares, calls in arrears and advance, forfeiture and reissue of shares, and the relevant balance sheet presentation. Share capital may be authorised, issued, subscribed and paid-up.
254 words, about 1 min09Financial Statement Analysis and Ratio Analysis
This domain tests comparative and common-size statements, interpretation of financial statements and the computation of liquidity, solvency, turnover and profitability ratios. Current ratio = current assets / current liabilities; quick ratio = quick assets / current liabilities.
234 words, about 1 min10Cash Flow Statement
This domain tests classification of cash flows into operating, investing and financing activities and preparation of a cash flow statement using the indirect method. Operating activities cover day-to-day revenue and expense transactions; investing activities cover purchase and sale of fixed assets and investments; financing activities cover share capital, debentures, loans and dividends.
254 words, about 1 min11Cost Accounting Fundamentals
This domain tests cost concepts, classification of costs and preparation of a cost sheet showing prime cost, works cost, cost of production and cost of sales. Prime cost = direct material + direct labour + direct expenses.
239 words, about 1 min12Computerised Accounting
This domain tests the features of computerised accounting, accounting software, codification, voucher entry, management information and data security. Computerised accounting stores transactions in databases and automates posting, balancing and report generation.
223 words, about 1 min