Financial Accounting B.Com (Honours) 1st Semester T. M. Bhagalpur University, Magadh University,Veer Kunwar Singh University, B.N. Mandal University

The present text has been planned and designed to cope with the needs of B.Com. students of various universities and to present the subject in simple language and lucid style. Salient features of the Financial Accounting book: The subject-matter has been arranged and systematized strictly according to course prescribed. In this revised edition following chapters have been thoroughly revised: Accounting Not-For-Profit (Non-Trading) Institutions) Royalties Accounts Hire-Purchase System Installment Payment System Branch Accounts Concept and Accounting of Depreciation Insolvency Accounts Dissolution of Partnership Firm-1 and 2 Piecemeal Distribution Provisions, Reserves, and Funds. In each chapter of the 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. The language and style of presentation are very simple and the subject-matter has been divided into various headings and sub-headings so as to give flow in studying this numerical subject. Both theoretical and numerical aspects of the subject have been given due importance. The numerical illustrations have been carefully graded with supporting theoretical background. At many places, explanatory notes have also been given to clarify the working of solution. Numerical illustrations and questions have been arranged in a systematic and scientific sequence from simple to complex. Illustrations and questions both have been arranged in an identical sequence so that students can easily solve the questions after understanding the illustration in the same order. In the selection of illustrations and questions priority has been given to the latest university examination papers so that students may make practice according to that standard.