Accounting for Depreciation – Meaning – Characteristics – Causes – Objectives – Basic factors affecting the amount of depreciation - Methods of providing Depreciation – Reserves and Provisions.

Single Entry System – Meaning and features – Limitations – Difference between Double entry and Single entry – Difference between Balance sheet and Statement of affairs - Statement of affairs method and Conversion method. Departmental Accounting: Meaning – Need – Advantages – Distinction between Departments and Branches – Methods and Techniques of Departmental Accounting.

Hire Purchase System: Definition – Important Terms – Features. Installment Purchase System: Features – Distinction between Hire Purchase and Installment System - Accounting treatment for Hire Purchase System. Royalty accounts: Meaning – Treatment in final accounts – Accounting treatment (Excluding sub lease).

Partnership: Definition – Partnership Deed. Admission of a Partner: Introduction – Adjustment in Profit Sharing Ratio - Treatment of Goodwill – Revaluation of Assets and Liabilities - Division of Profit - Fixed and Fluctuating Capital.

Retirement and Death of Partner – Introduction – Accounting Problems - Calculation of Gaining Ratio – Distinction between Sacrificing Ratio and Gaining Ratio - Revaluation of Assets and Liabilities - Treatment of Goodwill. Insolvency of a Partner – Rule in Garner Vs Murray - Piecemeal Distribution.