Mathematics & Accounting for Bankers

Paper Code: 
BIE-331
Credits: 
10
Contact Hours: 
150.00
Max. Marks: 
100.00
18.00
Unit I: 
Basics of Business mathematics

Calculation of simple Interest and compound Interest, Fixed and Floating rates of interest, Calculation of EMIs, Calculation of front end and back end interest.

18.00
Unit II: 
Basic accounting procedure

Concepts of accountancy, entity, going concern, double entry system. Record Keeping basics, account categories, debit and credit concepts, journalizing, Maintenance of cash/subsidiary books and ledger..

18.00
Unit III: 
Trial balance, adjusting and closing entries

Day Book and General Ledger Posting. Depreciation- meaning, Need of charging depreciation, Methods- Straight line and WDV.

18.00
Unit IV: 
Bank Reconciliation Statement

Need for reconciliation between cash book and bank pass book, Problem relating to the prepration of Bank reconciliation statement. Bills of Exchange- Bills receivable and bills payable, Acceptation and Endorsement, Discounting, Retirement, Dishonour and Renewal of bills, Accomodation bills.

18.00
Unit V: 
Final accounts

Concept of capital, Revenue and Deferred Revenue Expenditure, Opening entries, Closing entries, Adjustment entries. Manufacturing, Trading and Profit and Loss Account (With Adjustment) and Balance Sheet.

Essential Readings: 

• Maheswari.S.N, An Introduction to Accountancy, Vikas Publishers, New Delhi
• Mukherjee A and Hanif M, Modern Accountancy, Tata Mc Graw Hill, New Delhi, Vol I
• Seghal, Ashok and Seghal Deepak, Fundamentals of financial accounting, Taxmann Allied Services, New Delhi
• Jain Khandelwal and Pareek, financial Accounting, Ajmera Book Company, Jaipur
• Sancheti D C and Kapoor V K, Business Mathematics, Sultan chand and sons, New Delhi
• Singh J K , Business Mathematics, Himalaya Publishing House, New delhi

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