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CBSE Class 10 Elements of Book keeping and Accountancy Topics
| Unit 1: Capital and Revenue | Unit 2: Depreciation |
| Unit 3: Bank Reconciliation Statement | Unit 4: Bills of Exchange |
| Unit 5: Final Accounts | Unit 6: Accounting from Incomplete Records |
Unit 1: Capital and Revenue
Content:
Capital and Revenue receipts
Capital and Revenue expenditure
Deemed Revenue expenditure
Learning Outcomes:
Meaning of the term Capital and Revenue
Difference between capital and revenue receipts and capital and revenue expenditure
Learning about deferred revenue expenditure
Content:
Need and methods of charging depreciation
Straight line method
Diminishing Balance method
Learning Outcomes:
Appreciating the need for providing depreciation
Developing the skill of using straight line method and diminishing balance method of providing depreciation
Learning fixed assets accounting using straight line and diminishing balance methods of providing
depreciation
Unit 3 : Bank Reconciliation Statement
Content:
Meaning of Bank Reconciliation Statement
Preparation of Bank Reconciliation Statement with given pass book/cash book balance
Learning Outcomes:
Understanding the concept of Bank Reconciliation Statement
Appreciating the need for preparing bank reconciliation statement
Developing the skill of preparing bank reconciliation statement
Unit 4: Bills of Exchange
Content:
Nature and use of Bill of Exchange
Terms used in Bills of Exchange
Simple transactions related to bills of exchange
Learning Outcome:
Using bills of exchange for financing business transactions
Need for bills of exchange in business
Meaning of different terms used in bills of exchange and their implications in accounting
Developing the skill of journalising simple transactions in the book of creditor and debtor
Unit 5: Final Accounts
Content:
Preparation of Trading, Profit and Loss Account and Balance Sheet of sole trader
Adjustment for Closing Stock with given amount
Learning Outcomes:
Meaning of financial statements and the purpose they serve to a sole proprietor
Developing the skill of preparing Trading Account and calculating gross profit
Developing the skill of preparing Profit and Loss Account and calculating the net profit
Need for preparing Balance Sheet
Understanding simple adjustment for closing stock
Unit 6: Accounting from Incomplete Records
Content:
Meaning of Incomplete Records and accounting from Incomplete Records
Preparation of Statement of Profit
Statement of affairs method only
Learning Outcomes: The learners would be able to:
State the meaning of incomplete records
Understand the uses and limitations of incomplete records
Develop the skill of computation of profit/loss by preparing the Statement of Profit
Develop the skill of preparing ‘Statement of Affairs’ and ascertain the position of the business on a particular date
Practice Papers:
Class 10 Book keeping and Accountancy Test Paper 1
Class 10 Book keeping and Accountancy Test Paper 2
Frequency Asked Questions (FAQs) on CBSE Class 10 Introduction to Book keeping and Accounting Notes
In this comprehensive study material, our experts have answered all your questions on the topic in a logical and easy-to-understand manner. Lots of example problems have been included which represent the topic well. All the various formats and problem-solving techniques you need to know for your exams are presented right here, so look no further!
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Study the notes from the beginning.
Understand the concepts, instead of just memorising. This will help you solve unknown questions on the exams.
Know the formats given in the notes.
Practise the problems given in the notes and practice papers until you are comfortable with them.
Revise before your exams.
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