OUTLINE OF BASIC ACCOUNTANCY COURSE FOR CTA STAFF ENTRANCE TEST


May 1, 2013 10:25 am

(Prepared by Office of the Auditor General) 

I. General Information

  • CTA overall Structure

  • CTA Overall Financial Management

  •      Inflow of Fund

  •      Out flows of Fund

  •      Budgetary Control System.

II. An Accountant’s Role:

  • Importance of an Accountant in CTA Offices

  • Duties and Responsibilities of Accountant

  • Qualities of an Accountant

III. What an Accountant should know?

  • Accounting Principles:

  •      Definition of Accounting.

  •      Classes of Accounts.

  •      Rules of Debit and Credit.

  •      Some Accounting Terms.

  • Accounting Concepts.

  • Accounting Conventions.

IV. Records an Accountant should maintain: ( Manual/Computer )

  • Account Books:

  •      Journal Book

  •      Cash Book ( With /Without Bank Column )

  •      General Ledger

  •      Sub- ledger

  •      Other Relevant Registers

  •           Sales Register

  •           Purchase Register

  •           Fixed Assets Register

  •           Stock Register

  •           Fixed Deposits Register

  •           Others, depending on Unit’s volume of Transactions.

  •           Telephone Register

  •           Vehicle Log Book

  • Gate ways of records:

  •      Receipt Book

  •      Sales Book

  •      Payment Voucher

  •      Contra Voucher

  •      Journal Voucher

  •      Debit/Credit Note

  • Other Important Records:

  •      Bye-law/Memorandum

  •      CTA Staff Rules & Regulations

  •      Other Relevant Rules.

V. Recording in the books of Original Entries:

  • Journal Book

  • Cash Book ( Without Bank Column)

  • Cash Book ( With Bank Column )

VI. Ledger Posting:

  • General Ledger

  • Sub-Ledgers

VII. Summarizing of Account in:

  • Receipts and Payments Account

  • Trial Balances

VIII. Financial Statements:

  • Trading and Profit and Loss Account

  • Income and Expenditure Account

  • Balance Sheet

  • Schedules and Lists

IX. Others:

  • Budgetary Control Statement

  • Bank and Other Reconciliation Statements

  • Physical Verification:

  •      Cash in Hand

  •      Stocks in Hand

  •      FDR and Securities Receipts

  •      Balance Confirmation Certificates

  • Internal Control System.

  • depreciation

  • Closing Stock Valuation

  • Adjustment /Rectification Entry

X. Some Prevailing Laws an Accountant Should Know:

  • Under CTA Rules:

  •      hr-F¾ü

  •      ཕོGÅ-fôz-zM-Vü

  •      ¾Å-hôh-hP.ü ¤±m-hôhü

  •      G®P-Dï-zM-Vü

  •      ¼ôGÅ-hPÞ¾-fh-º‚ô¼-HÛ-º²Ûm-BôP-zM-Vü

  •      GŸm-OÛG-GŸÛ-DG

Note: For further details go through any relevant book on accountancy.

Prepared by: Office of the Auditor General