NTRCA college written syllabus

3 
 
 
 
 
 
 
o classify income and 
understand the heads of 
income. 
 
o understand income year 
and assessment year for 
tax assessment. 
 
o define different types of 
assessee and their 
residential status . 
 
o compute income tax for 
individuals. 
 
o analyze the basics of 
VAT in Bangladesh and 
calculate VAT. 
 
Part-C 
 
Unit 6: Taxation 
 
• Income, class ification of i ncome, heads of 
income 
 
• Income year, assessment year, exceptions of 
assessment year 
 
• Assessees, Classification of assesse e, 
Residential status 
 
• Investment tax credit, Tax rebate, Tax relief 
 
• Assessment procedure of income tax for 
individuals. 
 
• Value Added Tax (VAT) : Definition, 
importance of VAT , Who will pay VAT , 
books of accounts to be maintained for VAT, 
computation of VAT. 
 
10 marks. 
 
Answer any 
one 
question 
out of two. 
 
10×1=10 
 
 
 
 
o distinguish between 
financial, managerial, 
and cost accounting 
 
o describe cost, expense, 
loss 
 
o identify three basic cost 
elements involved in the 
manufacture of a 
product 
 
o segregate costs  with 
cost classification 
 
o prepare a schedule of 
cost of goods 
manufactured and sold 
 
o prepare store ledger  
account for materials 
issued to production and 
for ending materials 
inventory. 
Part-D 
 
Unit 7 & Unit 8: Cost Accounting 
 
• Define: Cost, expense, loss 
 
• Objectives of Cost accounting 
 
• Financial Accounting Vs Cost Accounting 
 
• Methods and techniques of cost accounting 
 
• Elements of cost 
 
• Classification of cost 
 
• Preparation of Cost sheet 
 
• Accounting for Materials: Methods of 
valuing materials issues (LIFO, FIFO, 
Average), Economic Order Quantity(EOQ) 
 
• Accounting for Labor: Different methods 
of payment of wages. 
 
• Accounting for Overhead: Allocation of 
20 marks. 
 
Answer any 
two 
questions 
out of 
three. 
 
10×2=20