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  • Which Books Should Be Referred To While Preparing For Commerce And Accountancy As An Optional Subject In The Civil Services Mains?
    Posted on February 5th, 2020 in Strategy
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    Which Books Should Be Referred To While Preparing For Commerce And Accountancy As An Optional Subject In The Civil Services Mains?

    সিভিল সার্ভিসেস মেনসে একটি  বিষয় হিসাবে বাণিজ্য এবং হিসাবরক্ষণের জন্য প্রস্তুতির সময় কোন বইয়ের উল্লেখ করা উচিত?

    Which Books Should Be Referred To While Preparing For Commerce And Accountancy As An Optional Subject In The Civil Services Mains?

    West Bengal Civil Service (Executive), popularly known as W.B.C.S.(Exe), is the civil service of West Bengal. For the W.B.C.S. (Exe) and other comparative posts, Public Service Commission of West Bengal arranges competitive examinations in three phases every year. These phases are Preliminary, Main and Interview.If a W.B.C.S. aspirant has commerce as their degree, it is the right subject to choose as their optional subject for W.B.C.S. Exam. The syllabus of Commerce optional syllabus matches coordinates well with the degree syllabus for both Paper I and Paper II. W.B.C.S. Commerce Paper 1 is full of Practical Problems and the Paper II of commerce optional subject is totally theoretical. It approached with practice and thorough understanding one can easily score good marks.Continue Reading Which Books Should Be Referred To While Preparing For Commerce And Accountancy As An Optional Subject In The Civil Services Mains?

    Study approach for Commerce and Accountancy

    Strategy For Paper – 1: There will definitely be some unpredictable and unexpected questions which need to be smarty avoided in choice. For compulsory questions don’t beat around the bush if answer is not known. Invest the time in known questions & numerical types which will get you easy marks. Even if 40-50 marks questions are unanswered then also around 140 is achievable easily.

    Strategy For Paper – 2: Remember for the compulsory questions the strategy will be the same as for Paper 1. Choice making here is more important as you will have a little knowledge of every question shall be there. After choosing careful reading of question is needed, before writing & while writing so that you do not miss any important point.

    How to write answers in Commerce and Accountancy paper?

    Introduction should be there and can be either indirect through some lines or quotes or direct with general explanation followed by exact definition. Thereafter topic need to be explained in short followed by establishing links with other chapters and focusing on the question again.

    Diagrams can be used effectively. Ending of answers should always be visionary or positive with example if needed or with some lines. There should be mixed use of paragraphs and points. Examples should be quoted wherever possible but refrain from using one enterprise again & again in many different questions.

    Books for Commerce optional Paper I

    • Accounting Corporate Accounting – Naseem Ahmed
    • Accounting Standards- D. S. Rawat
    • Auditing Students’ Guide to Auditing- Aruna Jha
    • Income Tax book by- V.K. Singhania or Girish Ahuja
    • Cost Accounting; Theory & Problems- Maheshwari & Mittal
    • Financial Management
    • Taxation- Income Tax, Service Tax & VAT
    • Financial Management; Text and Problems- Khan and Jain
    • Financial Markets & Institutions
    • Indian Financial System- M.Y. Khan
    • Financial Institutions & Markets- L.M. Bhole

    Books for Commerce optional Paper II

    • Human Resource Management- C.B. Gupta
    • Industrial Relations- T.N. Chabra and R.K. Suri
    • Dynamics of Industrial Relations- C.B. Mamoria and Satish Mamoria
    • Human Resource Management- K. Aswathappa
    • Organisation Theory and Behaviour- B.P. Singha and T.N. Chabra
    • Organization Behaviour- L.M. Prasad

    Here is syllabus:

    COMMERCE & ACCOUNTANCY :

    Paper – I :

    Financial Accounting: Accounting as a Financial Information System, Basic Concepts & Conventions, Accounting Standards, Final Accounts of Profit-seeking and Non-profit seeking organisations.

    Page 27 of 55

    Corporate Accounting: Issue, Forfeiture & Re-issue of Shares, Redemption of Preference Shares & Debentures, Buy-back of Shares, Company Final Accounts, Reconstruction of Companies, Preparation of Consolidated Balance Sheet.

    Cost & Management Accounting: Cost Concepts, Terms & Classification of Costs, Elements of Cost, Accounting for Material, Employee Cost and Overhead, Job costing, Process costing, Activity-based costing, Marginal Costing – CVP Analysis & Decision Making, Standard Costing, Budgetary Control, Funds flow & Cash Flow Statement, Accounting Ratios.

    Taxation:

    a) Income Tax – Definitions, Residential Status & Incidence of Tax of Individual, Computation of Total Income of an individual (various heads of income and deduction from Gross Total Income), Set off & Carry Forward.

    b) Indirect Tax

    i) WB VAT Act, 2003: Basic concepts, features, determination of tax payable, registration of dealer.

    ii) Central Sales Tax, 1956: Definition, incidence and levy of tax, exemption and exclusion, determination of turn over and tax payable, registration of dealer.

    Paper – II :

    Indian Financial System – Role of finance in an economy, components (instruments, markets, etc.), role of financial intermediaries, structure of Indian financial system, role of RBI, Commercial Banks and other Financial Institutions(LICI,UTI, SIDBI, SFCs, NABARD)

    Money Market – structure of Indian money market, discount houses, call money market, recent trends of Indian money market

    Capital Market – primary and secondary market, functionaries of stock-exchanges, concept of DMAT, role of SEBI.

    Business Laws

    i) Indian Contract Act, 1872 – Offer & Acceptance, Consideration, capacity of parties, free consent, void & voidable agreements, discharge of contracts.

    ii) Consumer Protection Act, 1986 – Rights of consumers; definition of consumer, manufacturer, complaints, unfair trade practices; composition and jurisdiction of District Forum, State Commission and National Commission.

    iii) Companies Act, 1956 – Types of companies, Memorandum and Articles of Association, Prospectus, Promotion and Incorporation of Companies, Directors, Company Meeting, Winding up.

    iv) Industrial Disputes Act, 1947 – Nature, Causes, and settlement of industrial disputes, workers’ participation in management and collective bargaining.

    Auditing – Auditing procedures and techniques; internal control and internal audit; company audit – divisible profit, dividend and depreciation; Audit of Bank, Insurance and NGOs; Audit Report.

    Organisation Behaviour – Nature and Concept of Organisation; organisation structure; modern concepts of organisation theory; Leadership – theories and styles; Motivation – concept & theories; Quality of Work Life – meaning and impact.

     

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