Financial Accounting – I, II
Keywords:
Financial Accounting, Scope of Accounting, Accounting Concepts and Conventions, Generally Accepted Accounting Principles, Business Entity Concept, Accounting Convention, Accounting Transaction, Double Entry Book Keeping, Journal, Ledger in Accounting, Trial Balance, Cash Book, Final Accounts of a Sole Trading Concern, Adjustments, Closing Stock, Outstanding and Prepaid item, Depreciation, Provision for Bad Debts, Discount on Debtors, Interest on Capital, Interest on Drawings, Classification of Errors, Rectification of Errors, Suspense Account, Average Due Date, Straight Line Methods, Written Down Value Method, Bank Reconciliation Statement, Single Entry System, Features of Single-Entry System, Branch Accounts, Departmental Accounting, Hire Purchase Accounting, Partnership Accounts, Partnership DissolutionSynopsis
In addition to introducing some "basic" international accounting standards, Financial Accounting-I and II covers the fundamentals of accounting. Additionally, this textbook is excellent for accounting modules in non-accountancy courses. The book follows a step-by-step approach and provides numerous practical examples to help explain concepts. Complete chapters on Suspense Accounts, Control Accounts, and Incomplete Records—topics that are not usually covered in other textbooks but present challenges for students—are also included.
Presenting this updated version of the Financial Accounting textbook to the students and instructors of the Bachelor of Management programme, which was initiated by the University of Chennai, gives me immense pleasure.
This book is written along the lines of the university's established syllabus. The book uses clear, persuasive language to convey its subject. This book offers a distinct and well-organized presentation of the subject matter. This book is suitable for students to use as a home tutor. We sincerely hope that this book will be of great assistance to the academic community and teaching staff.
We are extremely grateful to Mrs Rajani Adam of Kripa Drishti Publications, Pune for their devoted and untiring personal attention accorded by them to this publication.
