Description:

The Revised Edition of this popular text is organised into 15 chapters and divided into two parts. Part I deals with conceptual clarity of accounting, discussing in detail its objectives, usage along with accounting information as well as the theory base of accounting with accounting standards. It explains the way the transactions are recorded in the main book of the business known as the journal where recording and posting is done in different ledger accounts. Trial Balance is prepared to make final accounts after rectification of errors if any and applying appropriate methodology of depreciation. Final accounts for Not for Profit entities along with inventory control are very well explained and illustrated. Part II deals with specialised accounting such as Hire Purchase with Lease Accounting and Branch Accounts with Departmental Accounts. A new chapter (Ch. 15) on Concept of Income is incorporated to address the curriculum needs in the General Accounting section.

NEW TO THIS EDITION

• A dedicated chapter on ‘Concept of Income’ is added in the General Accounting section.

• All the worked-out examples and practice problems (each exceeding 300) have been upgraded.

TARGET AUDIENCE

• B.Com (Hons.)