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📖 Description
The present volume of the book has been thoroughly revised with more emphasis to reinforce the theoretical principles with actual practice and a new chapter on 'Piecemeal Distribution' has been added. Salient Features of Financial Accounting Book: The most important feature of the book is that following Accounting Standards issued by The Institute of Chartered Accountants of India (ICAI), New Delhi have been incorporated in the book: AS-1: Disclosure of Accounting Principles AS-9: Revenue Recognition Besides the latest position of the Accounting Standards and International Financial Reporting Standards (IFRS) has been included in the revised edition of the book.