Advanced Accounting & Practice

Advanced Accounting & Practice Book have been published according to the latest syllabus of B.Com (Hons.) II Year of Awadhesh Pratap Singh University Rewa (APSU), Barkatullah University Bhopal, Rani Durgavati Vishwavidyalaya Jabalpur (RDVV), Vikram University Ujjain, Dr. Harisingh Gour University Sagar (DHGU)

Salient Features of the Book :

• Simple language and most Systematic order explaining each and every topic at length.
• The book adequately satisfies the standard of B.Com. (Hons.) 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 up-to-date knowledge of the subject Corporate Accounting without any exertion on his part.
• Accuracy is one of the important features of the book.

Advanced Accounting & Practice Book New Syllabus As per New Year-wise Syllabus of B.Com. (Hons.) II Year Effective From Session 2018-2019

Unit 1 Accounting of Non-Profit Organizations: Non-Profit entities-Featuresof non-profit entities – Accounting process, Preparation of summaries- Receipts and Payments Account-meaning and special features,Procedure for preparation-uses and limitations.Income and Expenditure Account – features – procedure forpreparation-preparation of Balance Sheet.

Unit 2 Value Added Accounting : Meaning, Concept and types, reporting of value added, causes of value added advantages and limitations of value added, preparation of values added statement. Meaning of Consignment, Objectives of consignment Accounting in the books of Consignor and Consignee.

Unit 3 Royalty Accounts: Minimum rent, Short workings/Redeemable dead rent, Excess Workings, Ground rent, Recoupment of short workings,Strike and lockout.Hire-Purchase and Instalment Payment Systems: Meaning and Concept of Hire-Purchase, Accounting for Hire Purchase transactions,Problems based on instalment payment system.

Unit 4 Banking and Insurance Companies-Banking Companies: Legal provisions, Accounts and Books, Final Accounts of Banking. Insurance Companies General: Various Types of insurance, Regulation of insurance business, Final accounts, Life insurance Business, Reservefor Unexpired risks.

Unit 5 Terms and Expressions of Government Finance, Basic Principles of Government Accounting in India, Government Financial Administration, Accounting Procedure of Government Expenditure.

Advanced Accounting & Practice Book Contents

1. Accounting of Not-For-Profit Organisations
2. Value Added Statement
3. Consignment Accounts
4. Royalty Accounts
5. Hire-Purchase Accounts
6. Instalment Payment System
7. Accounts of Banking Companies
8. Accounts of Insurance Companies
   ❐ Accounts of Life Insurance Companies
9. Government Accounting