Accountancy

This book is primarily based on Modern Approach of Accounting and Mandatory Accounting Standards issued by ICAI. The present syllabus is divided into two following parts :
1. Part A : Accounting for Not-For Profit Organisation and Partnership Firm.(60 marks)
2. Part B : Company Accounts and Financial Statement Analysis (40 marks)
OR
Part C : Computerized Accounting System (40 marks)
This book contains only Part A and Part B, and designed according to the syllabus taking into the needs of students and pattern of the syllabus as well as questions.

Main Attractions of the Book :

• (1) Adequate numbers of questions are given at the end of each chapter : (i) Long Answer, (ii) Short Answer, (iii) Very Short Answer, (iv) Practical Questions, and (v) Objective Questions.
• (2) Each example is presented in a very simple, logical and systematic sequence i.e., from simple to harder level with proper working notes, tutorial notes and clarification.
• (3) Practical questions are strictly based on the sequence of examples by giving a table, “Solved Examples and Practical Questions” at the end of each chapter.
• (4) Class-tested and well-graded materials are given by giving weightage of each topic, according to the marks/periods allotted by the syllabus.
• (5) Application of Accounting Standard-10 regarding treatment of goodwill in partnership firm.
• (6) Presentation of Cash Flow Statement as per Accounting Standard-3.
• (7) Incorporation of SEBI Guidelines and relevant provisions of the Indian Companies Act, 1956 as amended up to date in Corporate Accounting (Issue of shares and debentures, forfeiture and re-issue of shares, and Redemption of debentures).
• (8) Inclusion of Fund Accounting and Non-Fund Accounting.
• (9) Inclusion of CBSE, NCERT, Jharkhand Academic Council.

Accounting is both a science and an art. Accounting, as a science, has its own assumptions, concepts, principles and standards, whereas an art, it has practical applications of the established rules; on the basis of which justifiable and applicable decisions are taken by the business concern. With this approach towards an attempt has been made in this book.