Syllabus for PGT - Commerce | AWES PGT Mock Test Series 2024 - AWES TGT/PGT PDF Download

 Page 1


Syllabus for the post of PGT Commerce  - Accountancy & Business Studies
Introduction to Accounting 
• Accounting- concept, meaning, as a source of information objectives, advantages and
limitations, types of accounting information; users of accounting information and their
needs. Qualitative Characteristics of Accounting Information. Role of Accounting in
Business.
• Basic Accounting Terms- Business Transaction, entity, Capital, Drawings. Liabilities (Non
Current and Current). Assets (Non Current, Current); Fixed assets (Tangible and Intangible),
Expenditure (Capital and Revenue), Expense, Revenue, Income, Profit, Gain, Loss, Purchase,
Sales, Goods, Stock, Debtor, Creditor, Voucher, Discount (Trade discount and Cash
Discount)
Theory Base of Accounting 
• Fundamental accounting assumptions: GAAP: Concept
• Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept,
Dual Aspect, Revenue Recognition, Matching, Full Disclosure, Consistency, Conservatism,
Materiality and Objectivity System of Accounting. Basis of Accounting: cash basis and
accrual basis
• Accounting Standards: Applicability in IndAS
• Goods and Services Tax (GST): Characteristics and Advantages.
Recording of Business Transactions 
• Voucher and Transactions: Source documents and Vouchers, Preparation of Vouchers,
Accounting Equation Approach: Meaning and Analysis, Rules of Debit and Credit.
• Recording of Transactions: Books of Original Entry- Journal
• Special Purpose books
• Cash Book: Simple, cash book with bank column and petty cashbook
• Purchases book
• Sales book
• Purchases return book
• Sales return book
• Journal Proper
• Ledger: Format, Posting from journal and subsidiary books, Balancing of accounts
• Bank Reconciliation Statement:
? Need and preparation, Bank Reconciliation, Statement with Adjusted Cash Book 
• Depreciation, Provisions and Reserves
? Depreciation: Meaning, Features, Need, Causes, factors 
? Other similar terms: Depletion and Amortisation 
? Methods of Depreciation: i. Straight Line Method (SLM) 
ii. Written Down Value Method (WDV)
• Difference between SLM and WDV;
• Advantages of SLM and WDV  Accounting treatment of depreciation
i. Charging to asset account
ii. Creating provision for depreciation/accumulated depreciation account
iii. Treatment for disposal of asset
• Provisions and Reserves: Difference
• Types of Reserves: i. Revenue reserve ii. Capital reserve iii. General reserve iv. Specific
reserve  v.Secret Reserve
• Difference between capital and revenue reserve
Subject specific syllabus includes the concepts of NCERT/CBSE syllabus and Text Books (Classes 
XI & XII), however, the questions will be testing the depth of understanding and application of 
these concepts at the level of Post- Graduation. 
A.    Accountancy
21
Page 2


Syllabus for the post of PGT Commerce  - Accountancy & Business Studies
Introduction to Accounting 
• Accounting- concept, meaning, as a source of information objectives, advantages and
limitations, types of accounting information; users of accounting information and their
needs. Qualitative Characteristics of Accounting Information. Role of Accounting in
Business.
• Basic Accounting Terms- Business Transaction, entity, Capital, Drawings. Liabilities (Non
Current and Current). Assets (Non Current, Current); Fixed assets (Tangible and Intangible),
Expenditure (Capital and Revenue), Expense, Revenue, Income, Profit, Gain, Loss, Purchase,
Sales, Goods, Stock, Debtor, Creditor, Voucher, Discount (Trade discount and Cash
Discount)
Theory Base of Accounting 
• Fundamental accounting assumptions: GAAP: Concept
• Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept,
Dual Aspect, Revenue Recognition, Matching, Full Disclosure, Consistency, Conservatism,
Materiality and Objectivity System of Accounting. Basis of Accounting: cash basis and
accrual basis
• Accounting Standards: Applicability in IndAS
• Goods and Services Tax (GST): Characteristics and Advantages.
Recording of Business Transactions 
• Voucher and Transactions: Source documents and Vouchers, Preparation of Vouchers,
Accounting Equation Approach: Meaning and Analysis, Rules of Debit and Credit.
• Recording of Transactions: Books of Original Entry- Journal
• Special Purpose books
• Cash Book: Simple, cash book with bank column and petty cashbook
• Purchases book
• Sales book
• Purchases return book
• Sales return book
• Journal Proper
• Ledger: Format, Posting from journal and subsidiary books, Balancing of accounts
• Bank Reconciliation Statement:
? Need and preparation, Bank Reconciliation, Statement with Adjusted Cash Book 
• Depreciation, Provisions and Reserves
? Depreciation: Meaning, Features, Need, Causes, factors 
? Other similar terms: Depletion and Amortisation 
? Methods of Depreciation: i. Straight Line Method (SLM) 
ii. Written Down Value Method (WDV)
• Difference between SLM and WDV;
• Advantages of SLM and WDV  Accounting treatment of depreciation
i. Charging to asset account
ii. Creating provision for depreciation/accumulated depreciation account
iii. Treatment for disposal of asset
• Provisions and Reserves: Difference
• Types of Reserves: i. Revenue reserve ii. Capital reserve iii. General reserve iv. Specific
reserve  v.Secret Reserve
• Difference between capital and revenue reserve
Subject specific syllabus includes the concepts of NCERT/CBSE syllabus and Text Books (Classes 
XI & XII), however, the questions will be testing the depth of understanding and application of 
these concepts at the level of Post- Graduation. 
A.    Accountancy
21
Trial balance and Rectification of Errors 
• Trial balance: objectives and meaning &preparation
• Errors: types-errors of omission, commission, principles, and compensating; their effect on
Trial Balance.  Detection and rectification of errors; preparation of suspense account.
Financial Accounting – II 
• Financial Statements Meaning, objectives,  and importance; Revenue and Capital Receipts;
Revenue and Capital Expenditure;
• Deferred Revenue expenditure.
• Trading and Profit and Loss Account: Gross Profit, Operating profit and Net profit.
Preparation.
• Balance Sheet: need, grouping and marshalling of assets and liabilities. Preparation.
• Adjustments in preparation of financial statements with respect to closing stock, outstanding
expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad
debts, provision for doubtful debts, provision for discount on debtors, Abnormal loss, Goods
taken for personal use/staff welfare, interest on capital and managers commission.
• Preparation of Trading and Profit and Loss account and Balance Sheet of a sole
proprietorship with adjustments.
Accounting for Partnership Firms 
• Partnership: features, Partnership Deed.  Provisions of the Indian Partnership Act 1932 in the
absence of partnership deed.
• Fixed v/s fluctuating capital accounts. Preparation of Profit and Loss Appropriation
account- division of profit among partners, guarantee of profits.
• Past adjustments (relating to interest on capital, interest on drawing, salary and profit
sharing ratio).  Goodwill: meaning, nature, need, factors affecting and methods of valuation -
average profit, super profit and capitalization.
Accounting for Partnership firms - Reconstitution and Dissolution. 
• Change in the Profit Sharing Ratio among the existing partners - sacrificing ratio, gaining
ratio, accounting for revaluation of assets and reassessment of liabilities and treatment of
reserves, accumulated profits and losses. Preparation of revaluation account and balance
sheet.
• Admission of a partner - effect of admission of a partner on change in the profit sharing ratio,
treatment of goodwill (as per AS 26), treatment for revaluation of assets and reassessment of
liabilities, treatment of reserves, accumulated profits and losses, adjustment of capital
accounts and preparation of capital, current account and balance sheet.
Retirement and death of a partner 
• effect of retirement / death of a partner on change in profit sharing ratio, treatment of
goodwill (as per AS 26), treatment for revaluation of assets and reassessment of liabilities,
adjustment of accumulated profits, losses and reserves, adjustment of capital accounts and
preparation of capital, current account and balance sheet. Preparation of loan account of the
retiring partner.
• Calculation of deceased partner’s share of profit till the date of death. Preparation of
deceased partner’s capital account and his executor’s account.
Dissolution of a partnership firm: 
• Meaning of dissolution of partnership and partnership firm, types of dissolution of a firm.
Settlement of accounts - preparation of realization account, and other related accounts:
capital accounts of partners and cash/bank a/c (excluding piecemeal distribution, sale to a
company and insolvency of partner(s)).
22
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Syllabus for the post of PGT Commerce  - Accountancy & Business Studies
Introduction to Accounting 
• Accounting- concept, meaning, as a source of information objectives, advantages and
limitations, types of accounting information; users of accounting information and their
needs. Qualitative Characteristics of Accounting Information. Role of Accounting in
Business.
• Basic Accounting Terms- Business Transaction, entity, Capital, Drawings. Liabilities (Non
Current and Current). Assets (Non Current, Current); Fixed assets (Tangible and Intangible),
Expenditure (Capital and Revenue), Expense, Revenue, Income, Profit, Gain, Loss, Purchase,
Sales, Goods, Stock, Debtor, Creditor, Voucher, Discount (Trade discount and Cash
Discount)
Theory Base of Accounting 
• Fundamental accounting assumptions: GAAP: Concept
• Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept,
Dual Aspect, Revenue Recognition, Matching, Full Disclosure, Consistency, Conservatism,
Materiality and Objectivity System of Accounting. Basis of Accounting: cash basis and
accrual basis
• Accounting Standards: Applicability in IndAS
• Goods and Services Tax (GST): Characteristics and Advantages.
Recording of Business Transactions 
• Voucher and Transactions: Source documents and Vouchers, Preparation of Vouchers,
Accounting Equation Approach: Meaning and Analysis, Rules of Debit and Credit.
• Recording of Transactions: Books of Original Entry- Journal
• Special Purpose books
• Cash Book: Simple, cash book with bank column and petty cashbook
• Purchases book
• Sales book
• Purchases return book
• Sales return book
• Journal Proper
• Ledger: Format, Posting from journal and subsidiary books, Balancing of accounts
• Bank Reconciliation Statement:
? Need and preparation, Bank Reconciliation, Statement with Adjusted Cash Book 
• Depreciation, Provisions and Reserves
? Depreciation: Meaning, Features, Need, Causes, factors 
? Other similar terms: Depletion and Amortisation 
? Methods of Depreciation: i. Straight Line Method (SLM) 
ii. Written Down Value Method (WDV)
• Difference between SLM and WDV;
• Advantages of SLM and WDV  Accounting treatment of depreciation
i. Charging to asset account
ii. Creating provision for depreciation/accumulated depreciation account
iii. Treatment for disposal of asset
• Provisions and Reserves: Difference
• Types of Reserves: i. Revenue reserve ii. Capital reserve iii. General reserve iv. Specific
reserve  v.Secret Reserve
• Difference between capital and revenue reserve
Subject specific syllabus includes the concepts of NCERT/CBSE syllabus and Text Books (Classes 
XI & XII), however, the questions will be testing the depth of understanding and application of 
these concepts at the level of Post- Graduation. 
A.    Accountancy
21
Trial balance and Rectification of Errors 
• Trial balance: objectives and meaning &preparation
• Errors: types-errors of omission, commission, principles, and compensating; their effect on
Trial Balance.  Detection and rectification of errors; preparation of suspense account.
Financial Accounting – II 
• Financial Statements Meaning, objectives,  and importance; Revenue and Capital Receipts;
Revenue and Capital Expenditure;
• Deferred Revenue expenditure.
• Trading and Profit and Loss Account: Gross Profit, Operating profit and Net profit.
Preparation.
• Balance Sheet: need, grouping and marshalling of assets and liabilities. Preparation.
• Adjustments in preparation of financial statements with respect to closing stock, outstanding
expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad
debts, provision for doubtful debts, provision for discount on debtors, Abnormal loss, Goods
taken for personal use/staff welfare, interest on capital and managers commission.
• Preparation of Trading and Profit and Loss account and Balance Sheet of a sole
proprietorship with adjustments.
Accounting for Partnership Firms 
• Partnership: features, Partnership Deed.  Provisions of the Indian Partnership Act 1932 in the
absence of partnership deed.
• Fixed v/s fluctuating capital accounts. Preparation of Profit and Loss Appropriation
account- division of profit among partners, guarantee of profits.
• Past adjustments (relating to interest on capital, interest on drawing, salary and profit
sharing ratio).  Goodwill: meaning, nature, need, factors affecting and methods of valuation -
average profit, super profit and capitalization.
Accounting for Partnership firms - Reconstitution and Dissolution. 
• Change in the Profit Sharing Ratio among the existing partners - sacrificing ratio, gaining
ratio, accounting for revaluation of assets and reassessment of liabilities and treatment of
reserves, accumulated profits and losses. Preparation of revaluation account and balance
sheet.
• Admission of a partner - effect of admission of a partner on change in the profit sharing ratio,
treatment of goodwill (as per AS 26), treatment for revaluation of assets and reassessment of
liabilities, treatment of reserves, accumulated profits and losses, adjustment of capital
accounts and preparation of capital, current account and balance sheet.
Retirement and death of a partner 
• effect of retirement / death of a partner on change in profit sharing ratio, treatment of
goodwill (as per AS 26), treatment for revaluation of assets and reassessment of liabilities,
adjustment of accumulated profits, losses and reserves, adjustment of capital accounts and
preparation of capital, current account and balance sheet. Preparation of loan account of the
retiring partner.
• Calculation of deceased partner’s share of profit till the date of death. Preparation of
deceased partner’s capital account and his executor’s account.
Dissolution of a partnership firm: 
• Meaning of dissolution of partnership and partnership firm, types of dissolution of a firm.
Settlement of accounts - preparation of realization account, and other related accounts:
capital accounts of partners and cash/bank a/c (excluding piecemeal distribution, sale to a
company and insolvency of partner(s)).
22
Accounting for Share Capital 
• Features and types of companies
• Share and share capital: nature and types.
• Accounting for share capital: issue and allotment of equity and preferences shares. Public
subscription of shares - over subscription and under subscription of shares; issue at par and
at premium, calls in advance and arrears (excluding interest), issue of shares for
consideration other than cash.
• Concept of Private Placement and Employee. Stock Option Plan (ESOP), Sweat Equity.
• Accounting treatment of forfeiture and reissue of shares.  Disclosure of share capital in the
Balance Sheet of a company.
Accounting for Debentures 
• Debentures: Meaning, types, Issue of debentures at par, at a premium and at a discount.
Issue of debentures for consideration other than cash; Issue of debentures with terms of
redemption; debentures as collateral security-concept, interest on debentures. Writing off
discount / loss on issue of debentures.
Financial statements of a Company: 
• Meaning, Nature, Uses and importance of financial Statement.
• Statement of Profit and Loss and Balance Sheet in prescribed form with major headings and
sub headings (as per Schedule III to the Companies Act, 2013)
• Financial Statement Analysis: Meaning, Significance Objectives, importance and limitations.
• Tools for Financial Statement Analysis: Cash flow analysis, ratio analysis.
• Accounting Ratios: Meaning, Objectives, Advantages, classification and computation.
• Liquidity Ratios: Current ratio and Quick ratio.
• Solvency Ratios: Debt to Equity Ratio, Total Asset to Debt Ratio, Proprietary Ratio and
Interest Coverage Ratio. Debt to Capital Employed Ratio.
• Activity Ratios: Inventory Turnover Ratio, Trade Receivables Turnover Ratio, Trade
Payables Turnover Ratio, Fixed Asset Turnover Ratio, Net Asset Turnover Ratio and
Working Capital Turnover Ratio.
• Profitability Ratios: Gross Profit Ratio, Operating Ratio, Operating Profit Ratio, Net Profit
Ratio and Return on Investment.
Cash Flow Statement 
• Meaning, objectives Benefits, Cash and Cash Equivalents, Classification of Activities and
preparation
23
Page 4


Syllabus for the post of PGT Commerce  - Accountancy & Business Studies
Introduction to Accounting 
• Accounting- concept, meaning, as a source of information objectives, advantages and
limitations, types of accounting information; users of accounting information and their
needs. Qualitative Characteristics of Accounting Information. Role of Accounting in
Business.
• Basic Accounting Terms- Business Transaction, entity, Capital, Drawings. Liabilities (Non
Current and Current). Assets (Non Current, Current); Fixed assets (Tangible and Intangible),
Expenditure (Capital and Revenue), Expense, Revenue, Income, Profit, Gain, Loss, Purchase,
Sales, Goods, Stock, Debtor, Creditor, Voucher, Discount (Trade discount and Cash
Discount)
Theory Base of Accounting 
• Fundamental accounting assumptions: GAAP: Concept
• Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept,
Dual Aspect, Revenue Recognition, Matching, Full Disclosure, Consistency, Conservatism,
Materiality and Objectivity System of Accounting. Basis of Accounting: cash basis and
accrual basis
• Accounting Standards: Applicability in IndAS
• Goods and Services Tax (GST): Characteristics and Advantages.
Recording of Business Transactions 
• Voucher and Transactions: Source documents and Vouchers, Preparation of Vouchers,
Accounting Equation Approach: Meaning and Analysis, Rules of Debit and Credit.
• Recording of Transactions: Books of Original Entry- Journal
• Special Purpose books
• Cash Book: Simple, cash book with bank column and petty cashbook
• Purchases book
• Sales book
• Purchases return book
• Sales return book
• Journal Proper
• Ledger: Format, Posting from journal and subsidiary books, Balancing of accounts
• Bank Reconciliation Statement:
? Need and preparation, Bank Reconciliation, Statement with Adjusted Cash Book 
• Depreciation, Provisions and Reserves
? Depreciation: Meaning, Features, Need, Causes, factors 
? Other similar terms: Depletion and Amortisation 
? Methods of Depreciation: i. Straight Line Method (SLM) 
ii. Written Down Value Method (WDV)
• Difference between SLM and WDV;
• Advantages of SLM and WDV  Accounting treatment of depreciation
i. Charging to asset account
ii. Creating provision for depreciation/accumulated depreciation account
iii. Treatment for disposal of asset
• Provisions and Reserves: Difference
• Types of Reserves: i. Revenue reserve ii. Capital reserve iii. General reserve iv. Specific
reserve  v.Secret Reserve
• Difference between capital and revenue reserve
Subject specific syllabus includes the concepts of NCERT/CBSE syllabus and Text Books (Classes 
XI & XII), however, the questions will be testing the depth of understanding and application of 
these concepts at the level of Post- Graduation. 
A.    Accountancy
21
Trial balance and Rectification of Errors 
• Trial balance: objectives and meaning &preparation
• Errors: types-errors of omission, commission, principles, and compensating; their effect on
Trial Balance.  Detection and rectification of errors; preparation of suspense account.
Financial Accounting – II 
• Financial Statements Meaning, objectives,  and importance; Revenue and Capital Receipts;
Revenue and Capital Expenditure;
• Deferred Revenue expenditure.
• Trading and Profit and Loss Account: Gross Profit, Operating profit and Net profit.
Preparation.
• Balance Sheet: need, grouping and marshalling of assets and liabilities. Preparation.
• Adjustments in preparation of financial statements with respect to closing stock, outstanding
expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad
debts, provision for doubtful debts, provision for discount on debtors, Abnormal loss, Goods
taken for personal use/staff welfare, interest on capital and managers commission.
• Preparation of Trading and Profit and Loss account and Balance Sheet of a sole
proprietorship with adjustments.
Accounting for Partnership Firms 
• Partnership: features, Partnership Deed.  Provisions of the Indian Partnership Act 1932 in the
absence of partnership deed.
• Fixed v/s fluctuating capital accounts. Preparation of Profit and Loss Appropriation
account- division of profit among partners, guarantee of profits.
• Past adjustments (relating to interest on capital, interest on drawing, salary and profit
sharing ratio).  Goodwill: meaning, nature, need, factors affecting and methods of valuation -
average profit, super profit and capitalization.
Accounting for Partnership firms - Reconstitution and Dissolution. 
• Change in the Profit Sharing Ratio among the existing partners - sacrificing ratio, gaining
ratio, accounting for revaluation of assets and reassessment of liabilities and treatment of
reserves, accumulated profits and losses. Preparation of revaluation account and balance
sheet.
• Admission of a partner - effect of admission of a partner on change in the profit sharing ratio,
treatment of goodwill (as per AS 26), treatment for revaluation of assets and reassessment of
liabilities, treatment of reserves, accumulated profits and losses, adjustment of capital
accounts and preparation of capital, current account and balance sheet.
Retirement and death of a partner 
• effect of retirement / death of a partner on change in profit sharing ratio, treatment of
goodwill (as per AS 26), treatment for revaluation of assets and reassessment of liabilities,
adjustment of accumulated profits, losses and reserves, adjustment of capital accounts and
preparation of capital, current account and balance sheet. Preparation of loan account of the
retiring partner.
• Calculation of deceased partner’s share of profit till the date of death. Preparation of
deceased partner’s capital account and his executor’s account.
Dissolution of a partnership firm: 
• Meaning of dissolution of partnership and partnership firm, types of dissolution of a firm.
Settlement of accounts - preparation of realization account, and other related accounts:
capital accounts of partners and cash/bank a/c (excluding piecemeal distribution, sale to a
company and insolvency of partner(s)).
22
Accounting for Share Capital 
• Features and types of companies
• Share and share capital: nature and types.
• Accounting for share capital: issue and allotment of equity and preferences shares. Public
subscription of shares - over subscription and under subscription of shares; issue at par and
at premium, calls in advance and arrears (excluding interest), issue of shares for
consideration other than cash.
• Concept of Private Placement and Employee. Stock Option Plan (ESOP), Sweat Equity.
• Accounting treatment of forfeiture and reissue of shares.  Disclosure of share capital in the
Balance Sheet of a company.
Accounting for Debentures 
• Debentures: Meaning, types, Issue of debentures at par, at a premium and at a discount.
Issue of debentures for consideration other than cash; Issue of debentures with terms of
redemption; debentures as collateral security-concept, interest on debentures. Writing off
discount / loss on issue of debentures.
Financial statements of a Company: 
• Meaning, Nature, Uses and importance of financial Statement.
• Statement of Profit and Loss and Balance Sheet in prescribed form with major headings and
sub headings (as per Schedule III to the Companies Act, 2013)
• Financial Statement Analysis: Meaning, Significance Objectives, importance and limitations.
• Tools for Financial Statement Analysis: Cash flow analysis, ratio analysis.
• Accounting Ratios: Meaning, Objectives, Advantages, classification and computation.
• Liquidity Ratios: Current ratio and Quick ratio.
• Solvency Ratios: Debt to Equity Ratio, Total Asset to Debt Ratio, Proprietary Ratio and
Interest Coverage Ratio. Debt to Capital Employed Ratio.
• Activity Ratios: Inventory Turnover Ratio, Trade Receivables Turnover Ratio, Trade
Payables Turnover Ratio, Fixed Asset Turnover Ratio, Net Asset Turnover Ratio and
Working Capital Turnover Ratio.
• Profitability Ratios: Gross Profit Ratio, Operating Ratio, Operating Profit Ratio, Net Profit
Ratio and Return on Investment.
Cash Flow Statement 
• Meaning, objectives Benefits, Cash and Cash Equivalents, Classification of Activities and
preparation
23
B. Business Studies
Foundation of Business 
• Meaning and features
Evolution and Fundamentals of Business 
History of Trade and Commerce in India: Indigenous Banking System, Rise of Intermediaries, 
Transport, Trading Communities: Merchant Corporations, Major Trade Centres, Major Imports 
and Exports, Position of Indian Sub-Continent in the World Economy. Business–meaning and 
Characteristics, Business- profession and employment-Concept, Objectives of business 
Classification of business activities - Industry and Commerce, Industry-types: primary, secondary, 
tertiary Meaning and subgroups, Commerce-trade: (types-internal, external; wholesale and retail) 
and auxiliaries to trade; (banking, insurance, transportation, warehousing, communication, and 
advertising) – meaning, Business risk-Concept 
Forms of Business organizations 
Sole Proprietorship-Concept, merits and limitations, Partnership-Concept, types, merits and 
limitation of partnership, registration of a partnership firm, partnership deed. Types of partners. 
Hindu Undivided Family Business: Concept. Cooperative Societies-Concept, merits, and 
limitations.  Company - Concept, merits and limitations; Types: Private, Public and One Person 
Company – Concept. Formation of company - stages, important documents to be used in 
formation of a company. Choice of form of business organization 
Public, Private and Global Enterprises 
Public sector and private sector enterprises – Concept. Forms of public sector enterprises: 
Departmental Undertakings, Statutory. Corporations and Government Company. Global 
Enterprises – Feature. Public private partnership – concept 
Business Services 
Business services – meaning and types. Banking: Types of bank accounts - savings, current, 
recurring, fixed deposit and multiple option deposit account. Banking services with particular 
reference to Bank Draft, Bank Overdraft, Cash credit. E-Banking meaning, Types of digital 
payments. Insurance – Principles. Types – life, health, fire and marine insurance – concept. Postal 
Service-Mail, Registered Post, parcel, Speed Post, Courier-meaning 
Emerging Modes of Business 
E-business: concept, scope and benefits 
Social Responsibility of Business and Business Ethics 
Concept of social responsibility. Case of social responsibility. Responsibility towards owners, 
investors, consumers, employees, government and community. Role of business in environment 
protection. Business Ethics - Concept and Elements. 
Finance and Trade-Sources of Business Finance 
Concept of business finance. Owners’ funds- equity shares, preferences share, retained earnings. 
Borrowed funds: debentures and bonds, loan from financial institution and commercial banks, 
public deposits, trade credit, Inter Corporate Deposits (ICD). 
Subject specific syllabus includes the concepts of NCERT/CBSE syllabus and Text Books (Classes XI & 
XII), however, the questions will be testing the depth of understanding and application of these 
concepts at the level of Post- Graduation. 
Syllabus for the post of PGT Commerce  - Accountancy & Business Studies
24
Page 5


Syllabus for the post of PGT Commerce  - Accountancy & Business Studies
Introduction to Accounting 
• Accounting- concept, meaning, as a source of information objectives, advantages and
limitations, types of accounting information; users of accounting information and their
needs. Qualitative Characteristics of Accounting Information. Role of Accounting in
Business.
• Basic Accounting Terms- Business Transaction, entity, Capital, Drawings. Liabilities (Non
Current and Current). Assets (Non Current, Current); Fixed assets (Tangible and Intangible),
Expenditure (Capital and Revenue), Expense, Revenue, Income, Profit, Gain, Loss, Purchase,
Sales, Goods, Stock, Debtor, Creditor, Voucher, Discount (Trade discount and Cash
Discount)
Theory Base of Accounting 
• Fundamental accounting assumptions: GAAP: Concept
• Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept,
Dual Aspect, Revenue Recognition, Matching, Full Disclosure, Consistency, Conservatism,
Materiality and Objectivity System of Accounting. Basis of Accounting: cash basis and
accrual basis
• Accounting Standards: Applicability in IndAS
• Goods and Services Tax (GST): Characteristics and Advantages.
Recording of Business Transactions 
• Voucher and Transactions: Source documents and Vouchers, Preparation of Vouchers,
Accounting Equation Approach: Meaning and Analysis, Rules of Debit and Credit.
• Recording of Transactions: Books of Original Entry- Journal
• Special Purpose books
• Cash Book: Simple, cash book with bank column and petty cashbook
• Purchases book
• Sales book
• Purchases return book
• Sales return book
• Journal Proper
• Ledger: Format, Posting from journal and subsidiary books, Balancing of accounts
• Bank Reconciliation Statement:
? Need and preparation, Bank Reconciliation, Statement with Adjusted Cash Book 
• Depreciation, Provisions and Reserves
? Depreciation: Meaning, Features, Need, Causes, factors 
? Other similar terms: Depletion and Amortisation 
? Methods of Depreciation: i. Straight Line Method (SLM) 
ii. Written Down Value Method (WDV)
• Difference between SLM and WDV;
• Advantages of SLM and WDV  Accounting treatment of depreciation
i. Charging to asset account
ii. Creating provision for depreciation/accumulated depreciation account
iii. Treatment for disposal of asset
• Provisions and Reserves: Difference
• Types of Reserves: i. Revenue reserve ii. Capital reserve iii. General reserve iv. Specific
reserve  v.Secret Reserve
• Difference between capital and revenue reserve
Subject specific syllabus includes the concepts of NCERT/CBSE syllabus and Text Books (Classes 
XI & XII), however, the questions will be testing the depth of understanding and application of 
these concepts at the level of Post- Graduation. 
A.    Accountancy
21
Trial balance and Rectification of Errors 
• Trial balance: objectives and meaning &preparation
• Errors: types-errors of omission, commission, principles, and compensating; their effect on
Trial Balance.  Detection and rectification of errors; preparation of suspense account.
Financial Accounting – II 
• Financial Statements Meaning, objectives,  and importance; Revenue and Capital Receipts;
Revenue and Capital Expenditure;
• Deferred Revenue expenditure.
• Trading and Profit and Loss Account: Gross Profit, Operating profit and Net profit.
Preparation.
• Balance Sheet: need, grouping and marshalling of assets and liabilities. Preparation.
• Adjustments in preparation of financial statements with respect to closing stock, outstanding
expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad
debts, provision for doubtful debts, provision for discount on debtors, Abnormal loss, Goods
taken for personal use/staff welfare, interest on capital and managers commission.
• Preparation of Trading and Profit and Loss account and Balance Sheet of a sole
proprietorship with adjustments.
Accounting for Partnership Firms 
• Partnership: features, Partnership Deed.  Provisions of the Indian Partnership Act 1932 in the
absence of partnership deed.
• Fixed v/s fluctuating capital accounts. Preparation of Profit and Loss Appropriation
account- division of profit among partners, guarantee of profits.
• Past adjustments (relating to interest on capital, interest on drawing, salary and profit
sharing ratio).  Goodwill: meaning, nature, need, factors affecting and methods of valuation -
average profit, super profit and capitalization.
Accounting for Partnership firms - Reconstitution and Dissolution. 
• Change in the Profit Sharing Ratio among the existing partners - sacrificing ratio, gaining
ratio, accounting for revaluation of assets and reassessment of liabilities and treatment of
reserves, accumulated profits and losses. Preparation of revaluation account and balance
sheet.
• Admission of a partner - effect of admission of a partner on change in the profit sharing ratio,
treatment of goodwill (as per AS 26), treatment for revaluation of assets and reassessment of
liabilities, treatment of reserves, accumulated profits and losses, adjustment of capital
accounts and preparation of capital, current account and balance sheet.
Retirement and death of a partner 
• effect of retirement / death of a partner on change in profit sharing ratio, treatment of
goodwill (as per AS 26), treatment for revaluation of assets and reassessment of liabilities,
adjustment of accumulated profits, losses and reserves, adjustment of capital accounts and
preparation of capital, current account and balance sheet. Preparation of loan account of the
retiring partner.
• Calculation of deceased partner’s share of profit till the date of death. Preparation of
deceased partner’s capital account and his executor’s account.
Dissolution of a partnership firm: 
• Meaning of dissolution of partnership and partnership firm, types of dissolution of a firm.
Settlement of accounts - preparation of realization account, and other related accounts:
capital accounts of partners and cash/bank a/c (excluding piecemeal distribution, sale to a
company and insolvency of partner(s)).
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Accounting for Share Capital 
• Features and types of companies
• Share and share capital: nature and types.
• Accounting for share capital: issue and allotment of equity and preferences shares. Public
subscription of shares - over subscription and under subscription of shares; issue at par and
at premium, calls in advance and arrears (excluding interest), issue of shares for
consideration other than cash.
• Concept of Private Placement and Employee. Stock Option Plan (ESOP), Sweat Equity.
• Accounting treatment of forfeiture and reissue of shares.  Disclosure of share capital in the
Balance Sheet of a company.
Accounting for Debentures 
• Debentures: Meaning, types, Issue of debentures at par, at a premium and at a discount.
Issue of debentures for consideration other than cash; Issue of debentures with terms of
redemption; debentures as collateral security-concept, interest on debentures. Writing off
discount / loss on issue of debentures.
Financial statements of a Company: 
• Meaning, Nature, Uses and importance of financial Statement.
• Statement of Profit and Loss and Balance Sheet in prescribed form with major headings and
sub headings (as per Schedule III to the Companies Act, 2013)
• Financial Statement Analysis: Meaning, Significance Objectives, importance and limitations.
• Tools for Financial Statement Analysis: Cash flow analysis, ratio analysis.
• Accounting Ratios: Meaning, Objectives, Advantages, classification and computation.
• Liquidity Ratios: Current ratio and Quick ratio.
• Solvency Ratios: Debt to Equity Ratio, Total Asset to Debt Ratio, Proprietary Ratio and
Interest Coverage Ratio. Debt to Capital Employed Ratio.
• Activity Ratios: Inventory Turnover Ratio, Trade Receivables Turnover Ratio, Trade
Payables Turnover Ratio, Fixed Asset Turnover Ratio, Net Asset Turnover Ratio and
Working Capital Turnover Ratio.
• Profitability Ratios: Gross Profit Ratio, Operating Ratio, Operating Profit Ratio, Net Profit
Ratio and Return on Investment.
Cash Flow Statement 
• Meaning, objectives Benefits, Cash and Cash Equivalents, Classification of Activities and
preparation
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B. Business Studies
Foundation of Business 
• Meaning and features
Evolution and Fundamentals of Business 
History of Trade and Commerce in India: Indigenous Banking System, Rise of Intermediaries, 
Transport, Trading Communities: Merchant Corporations, Major Trade Centres, Major Imports 
and Exports, Position of Indian Sub-Continent in the World Economy. Business–meaning and 
Characteristics, Business- profession and employment-Concept, Objectives of business 
Classification of business activities - Industry and Commerce, Industry-types: primary, secondary, 
tertiary Meaning and subgroups, Commerce-trade: (types-internal, external; wholesale and retail) 
and auxiliaries to trade; (banking, insurance, transportation, warehousing, communication, and 
advertising) – meaning, Business risk-Concept 
Forms of Business organizations 
Sole Proprietorship-Concept, merits and limitations, Partnership-Concept, types, merits and 
limitation of partnership, registration of a partnership firm, partnership deed. Types of partners. 
Hindu Undivided Family Business: Concept. Cooperative Societies-Concept, merits, and 
limitations.  Company - Concept, merits and limitations; Types: Private, Public and One Person 
Company – Concept. Formation of company - stages, important documents to be used in 
formation of a company. Choice of form of business organization 
Public, Private and Global Enterprises 
Public sector and private sector enterprises – Concept. Forms of public sector enterprises: 
Departmental Undertakings, Statutory. Corporations and Government Company. Global 
Enterprises – Feature. Public private partnership – concept 
Business Services 
Business services – meaning and types. Banking: Types of bank accounts - savings, current, 
recurring, fixed deposit and multiple option deposit account. Banking services with particular 
reference to Bank Draft, Bank Overdraft, Cash credit. E-Banking meaning, Types of digital 
payments. Insurance – Principles. Types – life, health, fire and marine insurance – concept. Postal 
Service-Mail, Registered Post, parcel, Speed Post, Courier-meaning 
Emerging Modes of Business 
E-business: concept, scope and benefits 
Social Responsibility of Business and Business Ethics 
Concept of social responsibility. Case of social responsibility. Responsibility towards owners, 
investors, consumers, employees, government and community. Role of business in environment 
protection. Business Ethics - Concept and Elements. 
Finance and Trade-Sources of Business Finance 
Concept of business finance. Owners’ funds- equity shares, preferences share, retained earnings. 
Borrowed funds: debentures and bonds, loan from financial institution and commercial banks, 
public deposits, trade credit, Inter Corporate Deposits (ICD). 
Subject specific syllabus includes the concepts of NCERT/CBSE syllabus and Text Books (Classes XI & 
XII), however, the questions will be testing the depth of understanding and application of these 
concepts at the level of Post- Graduation. 
Syllabus for the post of PGT Commerce  - Accountancy & Business Studies
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Small Business and Enterprises 
Entrepreneurship Development (ED): Concept, Characteristics and Need. Process of 
Entrepreneurship Development: Start-up India Scheme, ways to fund start-up. Intellectual 
Property Rights and Entrepreneurship. Small scale enterprise as defined by MSMED Act 2006 
(Micro, Small and Medium Enterprise Development Act). Role of small business in India with 
special reference to rural areas. Government schemes and agencies for small scale industries: 
National Small Industries Corporation (NSIC) and District Industrial Centre (DIC) with special 
reference to rural, backward areas. 
Internal Trade 
Internal trade - meaning and types services rendered by a wholesaler and a retailer. Types of 
retail-trade-Itinerant and small scale fixed shops retailers. Large scale retailers-Departmental 
stores, chain stores – concept. GST (Goods and Services Tax): Concept and key-features.  
International trade: 
Concept and benefits. Export trade – Meaning and procedure. Import Trade - Meaning and 
procedure. Documents involved in International Trade; indent, letter of credit, shipping order, 
shipping bills, mate’s receipt (DA/DP). World Trade Organization (WTO) meaning and objectives. 
Nature and Significance of Management 
Management - concept, objectives, and importance. Management as Science, Art and Profession. 
Levels of Management. Management functions-planning, organizing, staffing, directing and 
controlling. Coordination- concept and importance. 
Principles of Management 
Principles of Management- concept and significance. Fayol’s principles of management. Taylor’s 
Scientific management- principles and techniques. 
Business Environment 
Business Environment- concept and importance Dimensions of Business Environment- Economic, 
Social, Technological, Political and Legal. Demonetization - concept and features. 
Planning 
Concept, importance and limitation. Planning process. Single use and standing plans. Objectives, 
Strategy, Policy, Procedure, method Rule, budget and Programme. 
Organising 
Concept and importance. Organising Process. Structure of organisation- functional and divisional 
concept. Formal and informal organisation- concept. Delegation: concept, elements and 
importance. Decentralization: concept and importance. 
Staffing 
Concept and importance of staffing. Staffing as a part of Human Resource Management concept. 
Staffing process. Recruitment process. Selection – process. Training and Development - Concept 
and importance, Methods of training - on the job and off the job - vestibule training, 
apprenticeship training and internship training. 
Directing 
Concept and importance. Elements of Directing. Motivation - concept, Maslow’s hierarchy of 
needs, Financial and non-financial incentives. Leadership - concept, styles - authoritative, 
democratic and laissez faire. Communication - concept, formal and informal communication; 
barriers to effective communication, how to overcome the barriers. 
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