Corporate accounting pdf calicut university

What is corporate accounting in BCOM?
The value of a company's assets and liabilities will be taken into account in financial accounting because these are necessary for the accounting process.
The value of these elements is not necessary for functionality in corporate accounting; rather, what matters is how productive they are..
Corporate accounting, also known as industry account, refers to all types of accounting that pertains to companies rather than individuals.
It usually comprises of a team or department of accountants that operate as an internal branch of the company.

Separation of ownership and management – Though a company is an artificial person yet it acts through human beings who are called directors of the company.

Does Ltd need accounting entry for cancellation of unissued shares?

No accounting entry is needed for cancellation of unissued shares.
Only reduced authorized capital is to be shown in the next balance sheet. ltd has an authorized share capital of Rs. 10,00,000 and issued capital of Rs. 800000.
It decides to alter its authorized share capital to rs. 8,00,000.
Show the accounting treatment.

How to prepare for BCom corporate accounting exam in Calicut University?

Calicut University B.Com third semester corporate accounting exam point guide helps you to make you confident for examination.
B.Com Corporate accounting Exam point is based on the credit and semester system of Calicut university.
The exam point has chapter-wise and topic-wise presentation, previous year question paper and model question papers.

How to solve accounting problems in distance education?

School of Distance Education Corporate Accounting BBA III Sem. 67 Accounting Procedure For solving problems, the following procedure is to be followed:

1.
First see whether the redeemable preference shares are fully paid up or partly paid up.
If they are partly paid up, pass the following journal entries to make them fully paid.

What are current liabilities in corporate accounting?

Corporate Accounting BBA III Sem. 129 Current liabilities include:

short-term borrowings

trade payables (creditors and bills payables)

other current liabilities and short-term provisions.
Illustration 1 From the following information, calculate current ratio.

What are the limitations of accounting?

Inherent limitations of accounting

Like financial statements, ratios also suffer from the inherent weakness of accounting records such as their historical nature

Ratios of the past are not necessarily true indicators of the future

What are the types of ratios in corporate accounting?

Corporate Accounting BBA III Sem

123 Types of Ratios There is a two way classification of ratios: (1) Traditional classification, and (2) Functional classification

The traditional classification has been on the basis of financial statements to which the determinants of ratios belong

What is cost accounting?

Cost accounting is the process of accounting for costs

It embraces the accounting procedures relating to recording of all income and expenditure and the preparation of periodical statements and reports with the object of ascertaining and controlling costs