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Industrial Accounts

  • Duration5-7 Months
  • Daily2 hours
  • FeeRs. 23,000

Introduction to Accounts

  • Introduction, accounts, basic accounting terms, book keeping, accounting procedure
  • Book keeping objectives
  • Difference between accounting and book keeping
  • Double entry system & single entry system
  • Account heads, books of accounts

Practical System of Book Keeping

  • Cash book
  • Petty cash book
    • Simple petty cash book
    • Analytical petty cash book
  • Ledgers, trial balance
  • Final accounts (Trading / Profit & Loss Account / Balance Sheet)

Accounts of Labour Cost

  • Payroll statements
  • Provident fund calculations
  • Employee State Insurance calculations
  • PF recovery, advance deductions
  • Overtime calculations (days & hours)
  • Pay slips, payment advices
  • Bonus statement
  • Voucher forms

Accounts for Materials

  • GST billing
  • Stock ledgers
  • Methods of stock valuation: LIFO, FIFO, average cost, standard cost, last purchase price, weighted average
  • Stock statement

Finalisation of Firms

  • Depreciation
  • Trading Account, Profit & Loss Account, Balance Sheet with adjustments of firms

How we teach

  • One computer, one student, one instructor – maximum instructor to student ratio 1:10.
  • Flexible timings between 8:00 am and 7:00 pm; each session is 1 hour unless stated otherwise.
  • Fee covers instruction, practicals, practice, project and exam preparation (if any).