Accountancy is mostly regarded as a difficult subject but the reader of this book will realize that it is not so, because it has been written in simple language and in most systematic order explaining each and every point at length. Special Features of the Book Many developments have taken place in Accounting Philosophy and International Accounting Standard. An effort has been made to incorporate all such developments in this book.

After going through the theory, illustrations and questions of this book, one can easily solve questions of university examinations. A candidate can solve Accountancy questions only when he has confidence and such confidence can be acquired only on the basis of real knowledge of this subject. For this purpose, suitable illustrations have been given to explain various theories, principles, rules, and procedures. Selection of practical illustrations and questions in each chapter and placing them in a systematic order is so reasonable, logical, orderly and scientific that even an ordinary student can acquire real, complete, thorough, latest and up-to-date knowledge of this subject in a very short period of time and without any exertion on his part.

Financial Accounting Syllabus For B.Com. I Year of Kumaun University

Unit I: Meaning and Scope of Accounting, Accounting Principles, Accounting equation, Accounting conventions, and Postulates.

Unit II: Goodwill and admission of a new partner, Retirement and death of a partner, Dissolution of partnership.

Unit III : Hire Purchase and Installment Payment System.

Unit IV: Royalty Accounts, Insolvency Accounts.

Unit V: Departmental and Branch Accounting.

Financial Accounting Book Contents

1. Meaning and Scope of Accounting
2. Basic Concepts, Principles, Postulates, and Conventions of Accounting
3. Double Entry System of Accounting
4. Hire-Purchase System
5. Installment Payment System
6. Royalty Accounts
7. Insolvency Accounts
8. Departmental Accounts
9. Branch Accounts
10. Partnership Accounts (Preliminary and Final Accounts)
11. Partnership Accounts: Admission of a New Partner [Concept of Goodwill (as Per AS-10)]
12. Partnership Accounts: Retirement of a Partner (Concept of Goodwill)
13. Partnership Accounts: Death of A Partner (Including Joint Life Policy)
14. Dissolution of Partnership Firm – 1
15. Dissolution of Partnership Firm – 2 (With Insolvency of Partner)
16. Piecemeal Distribution

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