This second edition would act as a one-stop solution for an in-depth study of accountancy as required to crack the CA-Common Proficiency Test (CPT). The book, divided into nine parts, provides comprehensive descriptions of the concepts, processes, and methods of accounting that are applicable for different business situations. The content of the book has been presented in a simplified manner and comprises of add-on features like study tips and examination keys to stimulate the interest of readers and help them to grasp the matter easily.
Table of Content
Part 1: Accounting—An Introduction
Unit 1.1 Meaning and Scope of Accounting
Unit 1.2 Accounting Concepts, Principles and Conventions
Unit 1.3 Accounting Standards
Unit 1.4 Accounting Policies
Unit 1.5 Accounting as a Measurement Discipline, Valuation Principles, Accounting Estimates
Part 2: Accounting Process
Unit 2.1 Journal Entries
Unit 2.2 Ledgers
Unit 2.3 Trial Balance
Unit 2.4 Subsidiary Books
Unit 2.5 Cash Book
Unit 2.6 Capital and Revenue Expenditure
Unit 2.7 Contingent Asset and Contingent Liability
Unit 2.8 Rectification of Errors
Part 3: Bank Reconciliation Statement (BRS)
Part 4: Valuation of Inventories
Part 5: Depreciation Accounting
Part 6: Final Accounts
Part 7 Accounting for Special Transactions
Unit 7.1 Accounting for Consignment Transactions
Unit 7.2 Accounting for Joint Ventures
Unit 7.3 Bills of Exchange and Promissory Notes
Unit 7.4 Goods Sent on Approval
Part 8 Partnership Accounts
Unit 8.1 Introduction to Partnership Accounts
Unit 8.2 Treatment of Goodwill
Unit 8.3 Admission of a Partner
Unit 8.4 Retirement of a Partner
Unit 8.5 Death of a Partner
Part 9 Company Accounts
Unit 9.1 Introduction to Company Accounts
Unit 9.2 Issue, Forfeiture and Reissue of Shares
Unit 9.3 Redemption of Preference Shares
Unit 9.4 Issue of Debentures