FINANCIAL ACCOUNTING II

Financial Accounting II has been designed to provide readers with a structured and comprehensive understanding of financial accountancy. The book aims to strengthen various areas of Financial Accounting while incorporating the latest accounting standards and norms. It has been carefully developed in accordance with the National Education Policy (NEP) 2020 and the Credit and Curriculum Framework, ensuring alignment with the updated syllabi of various universities and institutions. In addition, the book serves as a valuable resource for students preparing for professional courses such as CA, CMA, CS, and MBA. The book opens with a discussion on accounting for consignment business, followed by an exploration of accounting for responsibility centers, with particular emphasis on departmental accounting. The subsequent chapter deals with asset-related special transactions, specifically the hire purchase system. Branch accounting, another important aspect of responsibility center accounting, is addressed in Chapter Four. Chapters Five and Six focus on the computation of insurance claims for loss of stock and loss of profit, respectively. The final section of the book provides an in-depth discussion on partnership accounting, covering topics such as retirement-cum-admission of a partner and the dissolution of partnership firms, including piecemeal distribution. Written in a crisp and easy-to-understand style, the book also incorporates a large number of worked-out graded illustrations to questions set at B. Com and professional examinations such as CA, CMA and CS, thereby making it ideal for self-study.

Rights:  World Rights