problems would be welcome by the students as they dread the unsolved problems the most. Problems and Solutions in Advanced Accountancy—Vol. I and II is the result of realization of the same fact. However, this book will serve its purpose the best if before referring to it the students have attempted to solve the questions on their own.

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.

Each volume maintains the same structure as the corresponding volume of the textbook. The problems have been properly graded and suitably classified in each chapter. Volume II comprises three sections. Section I deals with practical problems relating to company accounts, i.e., issue and redemption of shares & debentures, company final accounts, etc., have been elaborately discussed. Section II contains solutions to problems concerning specific companies’ accounts, viz., insurance, banking, electricity companies, etc. Section III incorporates solutions to problems concerning various tools of financial analysis, viz., ratio analysis, funds flow analysis, cash flow analysis, etc.

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 (Company Accounts) Accounting Standards
Shares and share Capital
Debentures
Company Final Accounts
Valuation of Foodwill and Shares
Acquisition of Business, Profit Prior to Incorporation and Statutory Report
Internal Reconstruction
Absorption, Amalgamation and External Reconstruction; Company Liquidation Accounts.
Section Two (Specific Companies Accounts) Insurance Companies Accounts
Banking Companies Accounts
Double Account System; Holding Companies
Hotel Companies Accounts.
Section Three (Management Accounting) Financial Statements – Analysis & Interpretation
Funds Flow Statement
Cash Flow Statement
Accounting for Price Level Changes
Miscellaneous.