Description:

The Fourth Edition of this text, which is a thoroughly revised and enlarged version of Financial Accounting, 3rd ed., by the first author, gives a clear analysis of the fundamental concepts of financial accounting. Organized into 15 chapters, the book begins with a discussion on the objectives of accounting and accounting information as well as the theory base of accounting and accounting standards. Then it goes on to give a detailed discussion on various source documents and vouchers required for recording transactions. Besides, the book describes what are subsidiary books of business such as cash book and bills payable book as also the techniques of preparing trial balance, final accounts, accounts of non-trading organizations, accounts from incomplete records, consignment accounts and joint venture accounts. Finally, the book covers  hire  purchase  system,  branch  accounts,  and  dissolution  of  a  partnership  firm.

This well-organized and student-friendly book is intended as a text for undergraduate students of commerce (B.Com. Programme/B.Com. Pass) in universities across India. In addition, it would be useful for  professionals  pursuing  CA,  ICWA  and  CS  courses.

KEY FEATURES

l     Includes  300  worked-out  examples  to  illustrate  the  concepts  discussed.

l     Provides  250  unsolved  problems  in  a  graded  manner  for  the  benefit  of  students.

l     Contains  a  variety  of  end  of  chapter  questions.