Texts on Financial Accounting have much in common; but differences run deep. The present text has been class-tested for more than twenty years. Rich in pedagogy and written in an easy-to-understand manner, this book adopts a fresh and novel approach to the study of accounting keeping in view the specific requirements of the students appearing in the B.Com. examination of the Indian universities and other professional examinations.
Contents Introduction to Accounting Generally Accepted Accounting Principles Accounting Standards Accounting Policies Accounting Equations Journalizing, Posting and Balancing Subsidiary Books I: Cash Book Subsidiary Books II: Other Books Financial Statements Financial Statements of Not-for-Profit Organization Depreciation, Provisions and Reserves Valuation of Inventory Accounting for Partnership: Dissolution of a Firm Partnership: Insolvency, Piecemeal Distribution, Sale of a Firm, and Amalgamation of Firms Accounts from Incomplete Records Accounting for Hire Purchase Accounting for Branches Use of Computers in Accounting
Salient Features 1000 practical questions 500 explanatory illustrations 500 solved problems along with necessary working notes and alternative solutions (if any) 300 theoretical questions 100 exhibits to acquaint students with various accounting treatments and formats 300 true or false questions with answers Illustrations B.Com examination problems Professional examination problems Multiple-choice questions