Karnataka Board 1st PUC Accountancy textbooks are of great help for students while preparing for the PUC exam. The KSEEB 1st PUC textbook of Accountancy explains even the most difficult and tricky concept in an easy-to-understand and simple language. To score well in the exam, students should refer to the textbooks to build up a solid foundation of Accountancy, which will, in turn, help them for their higher studies.
B S Raman Accountancy Book Of 1st Puc -
Some of the concepts covered in the Karnataka Board 1st PUC Accountancy textbook are Introduction to Accountancy, Financial Statements, Bill of Exchange, etc. So, to help students, in the table provided below we have compiled textbooks of Karnataka Board 1st PUC Accountancy Part 1 and 2. Be thorough with the 1st PUC textbooks to excel in the final exam of Class 11.
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Question 12.What is revaluation method?Answer:Under this method, the market value of the asset is ascertained at the end of each year. Any difference between the book value and market value is the depreciation.
a. Burden of depreciation is mere on profit and loss account in the later years, when repair and maintenance costs increase, as asset becomes older.b. Value of asset becomes zero in the books even if asset is still in usable condition in business.
Question 1.What is bank reconciliation statement?Answer:The statement which explains causes of differences between the cash bank balance and the pass book balance called bank reconcilitation statement.
Question 1.What do you understand by the following?(a) Debit balance as per cash book.(b) Credit balance as per cash book.Answer:(a) Debit balance as per cash book: Balance of cash as per pass book called debit balance, (b) Credit balance as per cash book: Overdrawn cash balance o,f bank balance as per pass book called credit balance.
Question 2.What do you understand by the following.(a) Favourable balance as per cash book.(b) Unfavourable balance as per cash book.Answer:Favourable Balance as per cash book: The Debit Balance of cash is favourable balance of cash book.Unfavourable cash book: The Negative Balance of cash is unfavourable cash book
Question 10.Briefly explain the term favourable balance as per cash book.Answer:Favourable balance (Debit Balance), as per the Cash Book, is an asset to an account holder. It is also known as debit balance as per the Cash Book. Favourable balance is the excess of total of debit side over total of credit side of a bank column of a Cash Book.In other words, favourable balance means excess of deposits over withdrawals.
Question 11.Enumerate the steps to ascertain the correct cash book balance.Answer:Genrally, differences between the Cash Book and the Pass Book arise due to the reason that items have not been recorded in the Cash Book. In order to ascertain the correct Cash Book balance, we need to prepare corrected (Adjusted) Cash Book.The below given steps are involved in the preparation of corrected (Adjusted) Cash Book.
Question 2.Explain the reasons where the balance shown by the bank Passbook does not agree with the balance as shown by the bak column of the cash book.Answer:Below given are the reasons on account of which the balance shown by the bank Pass Book does not agree with the balance shown by the bak column of the Cash Book.
Question 3.Explain the process of preparing bank reconciliation statement with amended cashbalance.Answer:Bank Reconciliation statement can be prepared with the adjusted /amended bank column of the cash book by the below given steps.
Step 1 : Note down the bank balance as per the Cash Book.Step 2 : Rectify all the errors committed in the Cash Book.Step 3 : Enter those transactions in the debit column of the Cash Book that are only in the credit column of the pass book.Step 4 : Enter those transactions in the credit column of the Cash Book that are only in the debit column of the Pass Book.Step 5 : After completing the above steps, the balance or the overdraft, as per amended Cash Book, arrives, with which Bank Reconciliation Statement can be prepared.
Question 1.Describe the events recorded n açcounting systems and the importance of source documents in those systems?Answer:It is beyond human capabilities to memorise each financial transaction and that is why, source documents have their own importance in accounting system. They are considered as an evidence of transactions and can be presented in the court of law. Transactions supported by evidence can be verified. Source documents also ensure that transactions recorded in the books are free from personal biases.A few events that are supported by source document are given below.
Out of the above events, only those events that can be expressed in monetary terms, are recorded in the books of accounts. However, the non-monetary events are not recorded in accounts; for example, promotion of manger cannot be recorded but increment in salary can be recorded at the time when salary is paid or due.Source document in accounting is important because of the below given reasons.
According to the dual aspect concept, all the business transactions that are recorded in the books of accounts, have two aspects- debit and credit. The dual aspect can be better understood by the help of an example; bought goods worth Rs 500 on cash. This transaction affects two accounts with the same amount simultaneously. As goods are brought in exchange of cash, so the cash balances in the business reduce by Rs 500, i.e.
We referred the books of prof.Raman and recommended the books for the degree and pg students of our college in vizag. We lost an emminent professor.May his soul rest in peace.The books are simple in language, easy to follow and most helpful for the beginners and non commerce students.
I'm not from Mangaluru and never been taught by him but the his books onbaccoumtancy and commerce used to be our syllabus In pre-university. In fact we used to get a commerce book bought for each accounting book that we purchased. Whatever accounting knowledge I've today is because of his book, I might have solved more complex problems for my CA but the fundamentals I've always relied on what I learnt in his books. The three golden rules mentioned in his book I apply that even today. If you master his book u don't need to go anywhere else for accounting knowledge. Thank you sir for the development of accounting knowledge in the state of Karnataka
Prof. B.S.Raman is a gem. I am proud to be his student in st. Aloysius college. We never find such a simple intelligent teacher. In accounting he is a dictionary. You will be remembered always with your books. May his soul rest in peace.
Respected Sir First of all with great respect I will touch your feet. He was a great ever green unforgettable personality. I can say that he was a good human being rather than a teacher. I was his final year BCOM student during 1991 -92. He taught me accounts and Costing and many othermoral lessons ,after my fin al bcom result he told me to do MSW in tamilnadu and he assured me Jail superindent job too in tamilnadu (after completion of msw)..he organised commerce exhibition du ring that time' off course. ..,.he used to distribute cyclostyled notes to everyone without any discrimination.He was a great leader of St aloysius college and all of us. during that period for us it was very difficult to understand MC SHUKLA S ACCOUNTS and KUCHHAL S commercial law. His text books immensely helped the average students like me. .May his soul Rest In peace and my heart felt condolences to his family. ......Sir you will always remain alive in our heart for your good work. ..
A long life lived with dedicated service to the society. A rich legacy left behind for the teaching fraternity and student community to emulate. An adored teacher who empowered the weak and the needy. His books will keep his memory ever green in the minds of generations to come. May he rest in peace.
Salute to you sir, may your soul rest in peace. We know that you are the guiding lamp for many students and you are the GURU of many chartered accountants from Mangalore. Though I was not fortunate to be your student, but had that opportunity and blessing to be a student who benefited immensely by reading your Accountancy books. You were and are a shining star for all the commerce students sir. We will miss you but are thankful to you for setting an example to be followed for many students who wants to walk in your foot steps. We Mangaloreans proud and are ever grateful to your sincere contribution to our education system sir..
Prof BS Raman was my professor during my degree studies in SAC 1975-1977. An amazing teacher and a compassionate disciplinarian. He never got tired to repeat and solve problems to ensure everyone in the class, understands it fully. I still carry the book written by him " Advanced Accountancy" a book I have referred several time in the past few years. I will cherish his life and teaching for the rest of my life. SAC lost a great professor. May his soul rest in Peace.
Dear sir, Thanks for your grateful contributions to commerce syllabus, u leave forever in the hearts ? of Commerce students, even u are not with us currently. I salute to you.. Ur book created many histories with simple and effective understanding...
Sad to hear Prof. Raman's demise. Though I was not his student, I was using Commerce & Accountancy books authored by him, which were written in simple and easy-to-understand language especially to those who joined college after completing their High School in Kannada medium. I also remember hearing from my friends in St. Aloysius College on Prof. Raman's teaching capability and how disciplined he was. All the students who have benefitted from him and the students who are going to benefit from his books, are indebted to him. RIP sir. 2ff7e9595c
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