Financial Accounting

Financial Accounting- II Book For B.Com (Hons.) Semester II of Banaras Hindu University (BHU)

Accountancy is mostly regarded as a difficult subject but the reader of this book will realize 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.

The most important salient feature of the revised edition of the book is that all Chapters have been thoroughly revised and updated on the basis of the Companies Act, 2013.

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.

This book adequately satisfies the standard of undergraduate students. 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 sufficient 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, knowledge of the subject in a very short period of time and without any exertion on his part.

Care has been taken to present the study material in a logical sequence to facilitate easy understanding by the students. Small illustrations have been incorporated in each chapter to explain the concepts/principles dealt with in the chapter.

Financial Accounting- II Syllabus For B.Com (Hons.) Semester II of Banaras Hindu University (BHU)

BCH 122: Financial Accounting – II

Unit-I: Bills of Exchange and Bank Reconciliation Statement.

Unit-II: Concept of Company, Statutory Account Books, Types of Shares, Structure of Share Capital, Issue; Forfeiture and re-issue of Shares, Redemption of Preference Shares.

Unit-III: Meaning of Debenture, Kinds of Debentures, Issue of Debentures, Methods of Redemption of Debenture.

Unit-IV: Acquisition of Business by a Company: Profit or Loss Prior to Incorporation, Issue of Bonus Shares and Right Shares.

Unit-V: Final Accounts of Companies as per the provisions of the Companies Act, 2013, Divisible Profits, Appropriation of Profit.

Financial Accounting- II Book Contents

1. Bank Reconciliation Statement
2. Bills of Exchange
3. Acquisition of Business
4. Issue, Forfeiture, Reissue, and Buy-Back of Shares
5. Issue and Redemption of Preference Shares
6. Issue and Redemption of Debentures
7. Profit or Loss Prior or Post to Incorporation
8. Disposal of Profits (Dividend and Bonus Shares)
9. Final Accounts of Company