Basics of Accounting for By CA G. Sekar Applicable for May/November 2022 Exam

Description

Accounting Syllabus for Foundation Course (New Scheme), of the Institute of Chartered Accountants of India, covers a specified sct of topics fl-om the basics of accounting, i_e. Journal, Ledger, Trial Balance, etc. to issues in Partnership Accounts, Company Accounts, Special Transactions, etc. The basic knowledge acquired in this subject at the CA Foundation level is the starting point for the entire course and profession of Chartered Accountancy. Keeping this in mind, every topic has been dealt in detail and explained in an easy manner for the beginners I students at the Foundation Course

This New Edition of Basics of Accounting comes with the following special features

• Comprehensive Coverage of all the concepts, in detail, with adequate illustrations.
• Diagrams and Charts for better understanding of principles and concepts.
• Step by Step Solution for Practical Problems and Illustrations with detailed explanations.
• Possible Question Types incorporated in each Chapter to aid exam preparation.
• Chapter Overview at the beginning of each Chapter, for easy navigation of topics.
• Self-Study Perspective to ensure effective learning and easy grasp of subject knowledge

With a complete coverage of all that is relevant and required for the examination, any sincere follower of this Book will be able to comfortably clear the exams with distinction

Contents

1. Meaning and Seope of Accounting
2. Accounting Process

• Journal
• Ledger
• Trial Balance
• Subsidiary Books
• Cash Book
• Capital vs Revenue
• Contingent Assets & Liabilities

3. Rectification of Errors
4. Bank Reconciliation Statement
5. Inventories
6. Depreciation
7. Accounting for Special Transactions

• Consignment
• Joint Ventures
• Sale on Approval or Return
• Bills of Exchange
• Average Due Date
• Account Current

8. Financial Statement – Final Accounts of Sole Proprietorship Entities
9. Accounting for Partnership Firms
10. Accounting for Not for Profit & Educational Organisations
11. Accounting for Companies
12. Financial ratio Analysis