In this edition, we have incorporated various suggestions provided by the students and the subject experts from all over the country.
After teaching financial accounting to various professional, undergraduate and postgraduate classes for the past three decades, we are convinced that there isa need for a book with balanced text and problems. Multiple-choice questions have been included at the end of each chapter to help Students test conceptual clarity. In addition, scores of unsolved problems have been provided, with guide to answers.
Intended primarily as a text for the undergraduate students of commerce, this book gives a comprehensive and indepth analysis of the concepts and principles underlying financial accounting. It also introduces the student to the tools and techniques essential for tackling real-life problems.
The text discusses in detail final accounts, branch accounting, hire-purchase and instalment sales, partnership accounts, stock valuations, as well as other company accounts. The book would be of considerable help to the readers in preparing financial statements and would equip them with the necessary knowledge in understanding the financial performance and the financial position of an organization and communicate these to its stakeholders.
Besides students of commerce, those appearing for various professional examinations such as CA and ICWA foundation courses should find this student-friendly and accessible book extremely useful.