This book adequately satisfies the standard of undergraduate students. After going through the theory, illustrations and questions of this book, one can easily solve questions of university examinations.

Acquisition of thorough knowledge of Accountancy : 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 sufficient 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, knowledge of the subject in a very short period of time and without any exertion on his part.

Care has been taken to present the study material in a logical sequence to facilitate easy understanding by the students. Small illustrations have been incorporated in each chapter to explain the concepts/principles dealt with in the chapter.

Advanced Accounting Syllabus For B.Com IInd Year of National P.G. College, Lucknow

• Unit I : Accounting Concepts : Accounting Concepts, Conventions, Postulates and Accounting Standards,
  IFRS : Meaning and Scope.
• Unit II : Branch Accounts : Branch Accounts—Wholly Dependent Branch, Wholesale Systems, Independent Branch Corporation, Insurance Claims : Loss of stock and Loss of profit.
• Unit III : Royalty Accounts : Royalty Accounts—Royalty in connection with mines and copyright royalty.
  Hire purchase : Accounting Records in the book of Hire Purchase and Vender and Installment Payment System. (Simple problems)
• Unit IV : Insolvancy Accounts : Meaning, Circumstances of Insolvancy, Proceedure of
  Declaring Insolvancy, Preparation of Statement of Affairs and Deficiency Account.
  Voyage Accounts : Meaning and Preparation of Voyage Accounts.

Contents

1. Accounting Principles, Concepts, And Conventions
2. Accounting Standards In India [Including International Financial Reporting Standards (IFRS)]
3. Adjustment Entries
4. Final Accounts (Manufacturing Account, Trading Account, Profit & Loss Account, And Balance Sheet)
5. Insolvency Accounts
6. Branch Accounts
7. Departmental Accounts
8. Hire-Purchase System
9. Instalment Payment System
10. Royalty Accounts
11. Voyage Accounts
12. Computation of Insurance Claims

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Salient Features of the revised edition of the Book:

• Accuracy is one of the important features of the book.
• Chapter of Consolidated Balance Sheet of Holding Companies has been thoroughly revised and new material has been incorporated.
• The unique salient feature of this revised edition is the revision of the chapter Liquidation of Companies on the basis of the Insolvency and Bankruptcy Code, 2016. Several new illustrations and questions based on the Insolvency and Bankruptcy Code, 2016 have been incorporated  in the chapter.
• Simple language and most Systematic order explaining each and every topic at length.
• Provisions of the Companies Act, 2013 which have direct or indirect relation with various topics of the book have been incorporated. Entire book has been modified as per the Companies Act, 2013.
• Chapters on Accounts of Insurance Companies and Accounts of Banking Companies have been thoroughly revised and enlarged.
• Advanced Accounting adequately satisfies the standard of B.Com. examination since the Illustrations and Questions of this book have been selected from Examination Papers of various Universities.
• 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 and uptodate knowledge of the subject Advanced Accounting without any exertion on his part.

Advanced Accounting Book Contents

1. Issue, Forfeiture, Reissue and Buy-Back of Shares
2. Issue and Redemption of Preference Shares
3. Issue and Redemption of Debentures
4. Final Accounts of Company
5. Accounting For Amalgamation of Companies (As Per AS-14)
6. Reconstruction of Companies
7. Consolidated Balance Sheet of Holding Companies (With A.S.-21)
8. Liquidation of Companies (including Insolvency and Bankruptcy Code, 2016)
9. Valuation of Goodwill
10. Valuation of Shares
11. Computation of Managerial Remuneration
12. Disposal of Profits (Dividend and Bonus Shares)
13. Profit or Loss Prior or Post to Incorporation
14. Double Account System including Electricity Supply Companies
15. Accounts of Banking Companies
16. Accounts of Insurance Companies
    ❐ Accounts of Life Insurance Company
17. Underwriting of Shares and Debentures
18. Absorption
19. Purchase of Business
20. Accounting for Price Level Changes (Inflation Accounting)
21. Investment Accounts
22. Voyage Accounts
23. Royalty Accounts

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