Financial Accounting [for Various Universities]

The present volume of the book has been thoroughly revised by the author with more emphasis to reinforce the theoretical principles with actual practice. For this purpose about 1,000 fully solved problems interspersed within the text. In addition more than 800 unsolved problems with answers have been graded with different levels of difficulty. While selecting the problems the author had kept in mind that the problems clearly illustrate the concepts and procedures discussed earlier. Besides, the problems included the book serve as practice exercises for preparation of universities and professional examinations. Most of the problems, that the author has included in the revised edition of the book, are from the latest examination question papers of various universities. We are confident that the addition of such a large number of practical questions would enable students acquire a clear and thorough understanding of the principles, procedures and practices of accountancy.
In the book, the authors have attempted to provide comprehensive and balanced coverage of the various accounting concepts including the framework for the preparation and presentation of financial statements. In this revised, edition, at the topics of the paper ‘Financial Accounting’ prescribed in the UGC Model curriculum have been included.
A new chapter on Indian Accounting Standard including all accounting standards issued by the council of the Institute of Chartered Accountants of India upto August 2004 has been included.