Principles and Practice of Accounting (Accounts) (Study Material)

This book aims to build up the student's knowledge base & lay the foundation for their professional education. It endeavours to provide a good command of the basics, such as Accounting Concepts & Conventions, Capital & Revenue Items, etc.

This book is prepared exclusively for the Foundation Level of Chartered Accountancy Examination requirement. It covers the entire revised, new syllabus as per ICAI.

The Present Publication is the 4^th Edition for CA-Foundation | New Syllabus | June 2023 exams. This book is authored by CA D.G. Sharma & Dr. S.K. Agrawal, with the following noteworthy features:

• As per the latest syllabus of the ICAI
• [Lucid Discussions in a Simple Language] for theoretical concepts is provided for a comprehensive understanding
• [Numerous Illustrations] have been incorporated into the book
• [Detailed Working Notes & Practice Questions] along with Hints & Answers have been provided in the book
• Coverage of this book includes:
  • Solved Paper: December 2021: Principles & Practice of Accounting
  • Solved Paper: June 2022: Principles & Practice of Accounting
  • Solved Paper: December 2022: Principles & Practice of Accounting

Contents of this book are as follows:

• Theoretical Framework – Meaning & Scope of Accounting
• Theoretical Framework – Accounting Concepts, Principles & Conventions
• Theoretical Framework – Capital and Revenue Expenditure
• Theoretical Framework – Contingent Assets and Contingent Liabilities
• Theoretical Framework – Accounting Policies
• Theoretical Framework – Accounting Standards – Concepts, Objective, Benefits
• Theoretical Framework – Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates
• Accounting Process (Journal, Ledger, Trial Balance, Cash Book, Subsidiary Books)
• Bank Reconciliation Statement
• Bills of Exchange
• Rectification of Errors
• Depreciation
• Final Accounts
• Inventory Valuation
• Sale of Goods on Approval or Return Basis
• Consignment Accounts
• Average Due Date
• Account Current
• Not-for-Profit Organisation
• Partnership
• Company Accounts – Shares
• Company Accounts – Debentures