Specialised Accounting

The book has been thoroughly revised 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 authors had kept in mind that the problems clearly illustrate the concepts and procedures discussed earlier. Besides, the problems included in the book serve as practice exercises for the preparation for universities and professional examinations. Most of the problems, that the authors have 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 to acquire a clear and thorough understanding of the principles, procedures, and practices of accountancy.

The revised edition of this book has all topics of the new syllabus.

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.

Unit I: Introduction: Shares, Stock, Reserve Capital, and Capital Reserve. Book Building—Meaning, advantages, and process. Sweat equity shares, Surrender of Shares—Distinction between Surrender of Shares and Forfeiture of Shares.

Unit II: Acquisition of business—For a new set of books is opened and for the Existing set of books is continued.

Unit III: Depreciation, Reserves, and Provisions. Depreciation—Meaning, Definitions, Causes, Objectives, and different methods. Accounting of Depreciation under, Fixed Balance Method, and Diminishing Balance Method with changes in Method of Depreciation, Annuity Method, Depreciation Fund Method, and Insurance Policy Method. Reserves and Provisions.

Unit IV: Accounting of Banking Companies—Preparation of P/L A/c and Balance Sheet, Accounting for Rebate on Bill discounted, Interest on Doubtful debts and customer’s accounts.

Unit V: Accounting for Insurance Companies—Preparation of (Annual Accounts) Revenue Accounts, Profit and Loss Accounts, and Balance Sheet.

1. Issue of Shares
2. Redemption of Preference Shares
3. Acquisition of Business
4. Depreciation
5. Provisions and Reserves
6. Accounts of Banking Companies
7. Accounts of Insurance Companies

• Book Building