• Write cash books and other day books, journals, ledger, etc.
• Prepare trading and profit and loss account.
DETAILS OF ACTIVITIES (CLASS IX – X)
Class IX
1.
2.
3.
4.
Explanation of the terms used in Business
• Business, Transactions, Goods
• Purchases, sales, purchase returns and sales returns
• Stock, Assets, Liabilities, Capital
• Debtors, creditors
• Account-Current A/c, Savings A/c
Maintenance of Cash book
• Types of transactions recorded
• Initial documents used as source
• Recording of discounts
• Balancing the cash book
Handling petty cash
• Purpose and utility
• Impress system
• Petty cash payments
• Making entries in petty cash book
• Balancing the petty cash book
Transactions related to purchase
• General procedure for the purchase of goods
• Requisition
• Purchase Order
• Record the goods in the goods received book and stock
register.
• Trade discount
• Recording the credit purchase in the purchase day book.
• Payments made
103