Financial Accounting [for Guru Ghasidas University, Bilaspur]

Salient Features Of The Financial Accounting Book :

• Chapters on (i) Depreciation and (ii) Provision, Reserve and Funds have been revised on the basis of Companies Act, 2013.
• The book is thoroughly revised with a view to making it more student-friendly.
• The subject has been presented on ‘Teach yourself’ technique without assuming any prior knowledge of the subject.
• In each chapter of the Financial Accounting 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.
• Chapters of Hire-Purchase System and Partnership Accounts have been thoroughly revised and new material and numerical illustrations have also been incorporated. A new chapter on Piecemeal Distribution in Dissolution of Partnership has been included.
• In the chapters of Partnership Accounts provisions of Accounting Standard-10 have been applied in Accounting for Goodwill.
• Theoretical text has been supplemented with numerous illustrations.
• The Book contains more than 500 solved problems and an equal number of unsolved exercises with correct answers and Hints to solutions wherever necessary.