Advanced Accounting

• Advanced Accountancy is mostly regarded as a difficult subject but the reader of this book will realise 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. Some of the special features of this book are :
• Accounting Philosophy: 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.
• Chapters of ‘Accounting for Non-Profit Organization’, ‘Dissolution of Partnership Firm’ have been thoroughly revised and a new chapter ‘Piecemeal Distribution’ has been included.
• Chapter of ‘Insolvency Accounts’ has been revised on the basis of the Insolvency and Bankruptcy Code, 2016.
• In each chapter of the book final accounts have been closed on 31st March only and the final accounts pertaining to companies have been prepared in accordance with Schedule III of the Companies Act, 2013.
• University Examinations : This book adequately satisfies the standard of M.Com. Courses. 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, 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.

Advanced Accounting Syllabus M.Com Semester-I of Awadhesh Pratap Singh University Rewa (APSU), Barkatullah University Bhopal, Rani Durgavati Vishwavidyalaya Jabalpur (RDVV), Vikram University Ujjain, Dr Harisingh Gour University Sagar (DHGU), Jiwaji University Gwalior

Unit-I: Final Accounts (Advanced with adjustment).

Unit-II: Bank Reconciliation Statement, Rectification of Errors.Accounting for Non-Profit Organisation.

Unit-III: Accounting from Incomplete Record, Accounting for Insurance Claim.

Unit-IV: Investment Account, Voyage Account, Insolvency Account.

Univ-V: Dissolution of Partnership Firm including Sales of Firm and Amalgamation.

Advanced Accounting Book Contents 

1. Adjustments Entries
2. Final Accounts (Manufacturing Account, Trading account, Profit & Loss Account and Balance Sheet)
3. Bank Reconciliation Statement
4. Rectification of Errors
5. Accounting for Non-Profit Organisations
6. Accounts from Incomplete Records
7. Accounting for Insurance Claims
8. Investments Accounts
9. Voyage Accounts
10. Insolvency Accounts
11. Dissolution of Partnership Firm-1
12. Dissolution of Partnership Firm-2
13. Piecemeal Distribution
14. Amalgamation of Firms
15. Sale of Partnership Firm