Advanced Accountancy Vol-I Financial Accounting

Book Details

• Publisher: Sultan Chand & Sons
• ISBN: 9788195407132
• Edition: 1st Edition
• Language: English
• Weight: 0.00g
• Title Code: 1241
• Author: Gupta MP, Agarwal BM

About the Book
The 1st Edition of Financial Accounting by Gupta MP and Agarwal BM, published by Sultan Chand & Sons, provides a thorough and comprehensive treatment of the main principles of financial accounting. Designed for beginners, the book offers complete clarity and simplicity, making it an ideal resource for students new to the subject.

The book caters to students preparing for various commerce courses at Indian universities, covering the latest syllabi for professional courses such as CA, CMA, CS, BBA, MBA, and more. It also incorporates the syllabi for B.Com. and M.Com. under both the Unified and CBCS systems.

The book consists of 38 chapters, which are broadly grouped into the following sections:

• Basic Subject of Accounting (Chapters 1–10): Includes the theoretical framework, rules of accounting, journal, ledger, subsidiary books, and cash book.
• Determination of Operating Income (Chapters 11–15): Covers topics like depreciation, inventory valuation, final accounts of sole proprietors, consignment, and joint venture.
• Finalization of Accounts (Chapters 16–25): Includes financial statements for non-trading organizations, self-balancing and sectional balancing, insolvency accounts, royalty accounts, hire purchase, and more.
• Special Transactions of Accounting (Chapters 26–33): Discusses insurance claims, packaging and containers, lease accounting, inflation accounting, single entry system, contract accounts, etc.
• Partnership Accounts (Chapters 34–38): Covers topics like admission and retirement of partners, dissolution, absorption, and sale to a company.

Salient Features

• Comprehensive coverage of all topics in Financial Accounting across 38 chapters.
• Authentically and elaborately presented in a simple and lucid style with over 900 examples and illustrations.
• Chapter outlines at the beginning of each chapter and important aspects provided at the end.
• Numerous Objective and Multiple Choice Questions at the end of each chapter.
• Includes GST Accounting in an appendix in Chapter 2.
• Provides nearly 200 theoretical and 400 numerical assignments for practice and revision.
• More than 1,700 pages of comprehensive and detailed content.
• Covers the latest changes in the law, based on Accounting Standards (AS) and Indian Accounting Standards (Ind. AS).