The book has been designed specially to serve as a complementary set to the textbook Advanced Accountancy—Vol. I and II, authored by the same team as Dr S N Maheshwari and Dr S K Maheshwari. It contains detailed solutions to all the practical problems given at the end of each chapter in Advanced Accountancy, as also solutions to the problems set at the recent university and professional examinations. Special feature of the book is that the problems have been properly graded.

The book maintains the same structure as the corresponding textbook. Thus, the Volume I comprises three sections. Section I deals with problems relating to Accounting Principles and Processes, from journalisation to preparation of final accounts of a firm. Section II deals with the problems relating to Special Business Transactions, viz., consignments, joint ventures, hire purchase, lease, insurance claims, etc. Section III provides solutions to accounting problems of Partnerships, viz., admission, retirement, dissolution and piecemeal distribution. Volume II, also containing three sections, deals with general problems relating to Company Accounts, Specific Company Accounts and Management Accounting.

The book will serve as a useful guide to students preparing for B.Com., M.Com., BBA, MBA and other professional examinations conducted by institutions like the Institute of Chartered Accountants of India (ICAI), the Indian Institute of Bankers (IIB), the Institute of Company Secretaries of India (ICSI), and the Institute of Cost and Works Accountants of India (ICWAI).

Section One (Accounting Principles and Processes) Basic Concepts:
An Overview
Journalising Transactions
Ledger Posting and Trial Balance
Sub-Division of Journal
Negotiable Instruments
Bank Reconciliation Statement
Final Accounts
Rectification of Errors
Depreciation, Provisions and Reserves
Advanced Final Accounts
Sectional and Self-Balancing Systems
Accounts of Non-Trading Institutions
Single Entry Method.
Section Two (Special Accounting Problems) Consignment Accounts
Joint Venture Accounts
Account Current and Average Due Date
Branch Accounts
Departmental Accounts
Hire Purchase, Lease and Instalment Purchase Systems
Royalty Accounts
Inventory Valuation
Insurance Claims
Contract Accounts
Insolvency Accounts
Miscellaneous Accounts.
Section Three (Partnership Accounts) Fundamentals
Reconstitution of Partnership Firms-l
Reconstitution of Partnership Firms-lI
Dissolution of Partnership Firms