General

Accounting
Principles
Lecture 1
 Ministry Of Labour & Employment

Employees’ Provident Fund Organisation

ENFORCEMENT OFFICER/
ACCOUNTS OFFICER

/
 Amit Saini
Enforcement/Accounts Officer
@ EPFO
• CSE Mains 2017
• Rajasthan Civil Service
Mains 2017
• SSC CGLE 2012 selected
• SSC CPO 2015 selected
Sr.
Category No. of Vacancies
No.
1. General (UR) 168
2. OBC 116
3. SC 62
4. ST 33
5. EWS 42
6. Total 421
DUTIES: Duties of Enforcement
Officer/Accounts Officer inter alia are to
• look after the work of Enforcement, Recovery,
Accounts, Administration Cash, Legal, Pension
and Computer which includes the statutory and
administrative functions like conducting inquiry
settlement of claims, general administration;
• maintenance of Cash Book/ administration;
• maintenance of Cash Book/Reconciliation of
Bank Statements; MIS returns etc.
Other Duties include:
• Enforcement,
• Recovery,
• Accounts,
• Administration Cash,
• Legal,
• Pension related functions
• Statutory and administrative functions like conducting
inquiry settlement of claims, general administration.
• Age limit is also relaxable for Employees of the
Employees’ Provident Fund Organization
• HEADQUARTERS : New Delhi. The Officers
recruited are liable to be posted any-where in
India.
• PROBATION : Two years. upto 5 years.
Enforcement Officer
Accounts Officer
Syllabus of the RT:
The syllabus of the Test broadly comprises the following topics
:-
1. General English - To evaluate candidate’s understanding of
English language & workman – like use of words.
2. Indian Freedom Struggle.
3. Current Events and Developmental Issues.
4. Indian Polity & Economy.
5. General Science & knowledge of Computer applications.
6. General Mental Ability & Quantitative Aptitude.
General Accounting Principles.
Industrial Relations & Labour Laws.
Social Security in India.
A,B,C…..
Introduction to accounting
• Business transaction
• Goods (physical)
• Purchase
• Sale
• Cash
• Credit
• Stock/ Inventory(tangible)
• Asset
• Capital
• Liability
• Expense
• Income
Asset Accounts Will Likely Have Debit Balances
Examples of asset accounts are:
• Cash
• Accounts Receivable
• Inventory
• Prepaid Expenses
• Investments
• Land
• Buildings
• Furniture and Fixtures
• Vehicles, and more
Some examples of liability accounts include:
• Accounts Payable
• Loans Payable (or Notes Payable)
• Interest Payable
• Wages Payable
• Income Taxes Payable
• Accrued Expenses Payable (or Accrued Liabilities)
• Deferred Revenues, and others
Generally, liability accounts are expected to have credit
balances and their account balances will be increased with a
credit entry. To decrease a liability account’s balance a debit
entry is needed.
• The present age is the age of trade business and
commerce.
• After Globalisation, liberalization, and privatization,
business is increasing day by day and becoming
complex also.
• An organization cannot remember all its dealing for
long. Therefore, it becomes necessary to keep a
written record of all business transactions day by day,
this lead to the development of accounting. Let us
understand the meaning of basic accounting.