ADVANCED ACCOUNTANCY - VOLUME 1

ABOUT THE BOOK

Over the years Advanced Accountancy has emerged as the definitive and comprehensive textbook on accountancy as it completely meets the requirements of students preparing for B.Com., M.Com., MBA, and Professional examinations conducted by different institutions, such as the Institute of Chartered Accountants of India (ICAI), the Indian Institute of Bankers (IIB), the Institute of Company Secretaries of India (ICSI), and the Institute of Cost & Works Accountants of India (ICWAI).

SALIENT FEATURES

Properly graded, practical problems with answers
Questions from recent examinations of renowned universities
Objective type questions
Alternative solutions to practical problems within the text


NEW IN THE TENTH EDITION

Issue of Accounting Standards up to AS: 32
Formulation of Accounting Standards both at the national and international levels and guidelines for their implementation
Latest questions and problems from professional examinations of institutes like ICAI, ICWAI, and ICSI
Updated text in almost all chapters.


THE NEW REVISED EDITION INCORPORATES

Basic features of 32 accounting standards issued by the Institute of Chartered Accountants of India.
Updation and convergence of Indian Accounting Standards with International Financial Reporting Standards.
Strengthening and updating of the text material in the light of new accounting standards.
Latest questions and problems from examinations conducted by different professional bodies and Universities.


CONTENTS

Accounting Principles and Processes
Meaning and Scope of Accounting
Accounting Principles
Journalising Transactions
Ledger Posting and Trial Balance
Sub-Division of Journal
Negotiable Instruments
Bank Reconciliation Statement
Matching Concept
Capital and Revenue
Final Accounts
Rectification of Errors
Accounting Concept of Income
Depreciation Provisions and Reserves
Advanced Final Accounts
Sectional and Self-Balancing Systems
Accounts of Non-Profit Making Organisations
Single Entry System
Special Business Accounting
Consignment Accounts
Joint Venture Accounts
Account Current and Average Due Date
Inventory Valuation
Hire Purchase, Lease, and Instalment Purchase Systems
Branch Accounts
Departmental Accounts
Royalty Accounts
Insurance Claims
Contract Accounts
Insolvency Accounts
Introduction to Government Accounting
Miscellaneous Accounts
Partnership Accounts
Fundamentals
Reconstitution of Partnership Firms - I (Admission)
Reconstitution of Partnership Firms - II (Retirement, Death and Amalgamation)
Dissolution of Partnership Firms
Appendices


About The Author

Dr S N Maheshwari is presently Director General, Delhi Institute of Advanced Studies, Delhi. He is also the Chairman, Indian Society of Accounting and Management, New Delhi. During his long and varied experience, he has worked as Principal, Hindu College, University of Delhi; Professor and Dean, Faculty of Commerce and Business Management, Goa University; Director, Institute of Management Science and Productivity Research, New Delhi; Director (Academics), BLS Institute of Management, Mohan Nagar; Vice-Principal, Shri Ram College of Commerce, University of Delhi; and Principal, Staff Training College, New Bank of India, Chandigarh. Dr S N Maheshwari has around five decades of experience in teaching students of B.Com, BBA, M.Com., CA, CS and ICWA. He has authored about a hundred books/monographs and has participated in several national and international seminars.

Sharad K Maheshwari is a highly qualified Business Executive with an experience of around 15 years at senior management positions. He is an accomplished Chartered Accountant, Cost Accountant and a Company Secretary. Sharad Maheshwari is a Fellow Member of the Institute of Chartered Accountants of India, Associate Member of the Institute of Cost and Works Accountants of India and Associate Member of the Institute of Companies Secretaries of India. Sharad is currently the Fi