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.
1.Introduction to Accounting 2.Generally Accepted Accounting Principles 3.Accounting Standards 4.Accounting Policies Accounting Equations 5.Journalizing, Posting and Balancing 6.Subsidiary Books I: Cash Book 7.Subsidiary Books II: Other Books 8.Financial Statements 9.Financial Statements of Not-for-Profit Organization 10.Depreciation, Provisions and Reserves 11.Valuation of Inventory 12.Accounting for Partnership: Dissolution of a Firm 13.Partnership: Insolvency, Piecemeal Distribution, Sale of a 14.Firm, and Amalgamation of Firms 15.Accounts from Incomplete Records 16.Accounting for Hire Purchase 17.Accounting for Branches 18.Use of Computers in Accounting