Accounting for Depreciation – Meaning – Characteristics – Causes – Objectives – Basic factors affecting the amount of depreciation methods of providing Depreciation – Reserve 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. – 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 ration – 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 Ration – Distinction between sacrificing ration and gaining ration – Revaluation of assets and liabilities – Treatment of goodwill. Insolvency of a partner – Rule in Garner Vs Murray – Picecmeal Distribution