“ANALYSIS OF THE ACCOUNTING PROCESS”

ROUGH DRAFT SUBMITTED IN THE PARTIAL FULFILLMENT OF THE COURSE

TITLED-

PRINCIPLE OF ACCOUNTING AND AUDITS

SUBMITTED TO- SUBMITTED BY-

Mr. ASHOK KUMAR SHARMA NAME: ARIDAMAN RAGHUVANSHI

TEACHER ASSOCIATE COURSE: B.B.A, L.L.B (Hons.)

ROLL NO- 2013

SEMESTER- 2nd

CHANAKYA NATIONAL LAW UNIVERSITY

NYAYA NAGAR, MITHAPUR, PATNA-800001

1
INTRODUCTION

Accounting is the systematic and comprehensive recording of financial transactions pertaining to

a business. Accounting also refers to the process of summarizing, analyzing and reporting these
transactions to oversight agencies, regulators and tax collection entities.

Accounting cycle refers to the specific tasks involved in completing an accounting process. The
length of an accounting cycle can be monthly, quarterly, half-yearly, or annually. It may vary
from organization to organization but the process remains the same.it includes the following
steps

AIMS AND OBJECTIVES:

The researcher aims to fulfill below objectives through this project:

 The main aim of this project is the analysis of accounting process

 To study the importance of accounting process for business organization.

HYPOTHESIS

2
‘Hypothesis’ is derived from two words: ‘hypo’ means ‘under’, and ‘thesis’ means an ‘idea’ or
‘thought’. Hence, hypothesis means an ‘idea’ underlying a statement or a proposition.

The Hypothesis for this project is.

TENTATIVE CHAPTERIZATION

1) Introduction
2) Books of Original Entry
a) Journal
b) Cash Book
3) Ledger
4) Trial Balance
5) Errors and their Ratification
6) Financial Statement
a) Income Statement
b) Trading Account
c) Profit and Loss Account
d) Balance Sheet
7) Analysis of the Whole Process
8) Conclusion and Suggestion

RESEARCH METHODOLOGY

The researcher will be relying on Doctrinal method of research to complete the project

SOURCES OF DATA:

3
The researcher used secondary sources of data to complete the rough draft.

1) Secondary sources include all the websites on

BIBLIOGRAPHY

The researcher has consulted following sources to complete the rough proposal:

SECONDARY SOURCES:

1) WEBSITES:
 https://www.investopedia.com/terms/a/accounting.asp
 http://www.netmba.com/accounting/fin/process/
 https://www.tutorialspoint.com/accounting_basics/accounting_process.ht
m

2) BOOKS:

 Accountancy by D K Goel
 Introduction to Accountancy by T S Grewal
 Financial Accounting by V K Goel

4
5