Book Keeping And Basic Account (For B.Com, BBA, BBM And BMS) by Vandna Misra, Amit Mishra
The act of accounting in terms of keeping records of monetary activities is as old as the origin of money. It has also evolved over a period of time to suit the needs of different forms of business organizations and mandatory regulatory disclosure. It is an integral part of business activities and serves the purpose of recording business transactions. As a medium of communication, accounting conveys information regarding business activities to its different users. Therefore, it is very much pertinent for individuals associated with the field of business in general and professionals associated with the field of accounting and finance in particular to have understanding of financial accounting.
Realizing the significance of this course, the book has been designed for the beginners in the field of accounting to provide comprehensive coverage of book keeping and basic accounting principles, techniques and practices. This book is intended to build the foundation for learners who are planning to develop their understanding of financial accounting. For this purpose, the text has been developed in a very logical and clear manner. To discuss various facets of financial accounting, the entire book has been divided into eleven chapters. The book begins with the overview of financial accounting in Chapter 1, explains double entry system of accounting and technicalities of recording, posting and summarizing transactions in Chapter 2, describes rectification of errors, preparation of bank reconciliation statement, bills of exchange and promissory notes in Chapter 3, 4 and 5 respectively, elaborates valuation of stock in Chapter 6, accounting treatment of depreciation, reserves & provisions in Chapter 7, preparation of final accounts along with adjustment entries in Chapter 8, issue of shares in Chapter 9, issue & redemption of debentures in Chapter 10 and redemption of preference shares in Chapter 11.
Each chapter starts with the learning objectives, describes the subject matter in a lucid and clear manner, illustrates the concept through numerical problems wherever required and offers exercises for self evaluation.
Audience of the Book :
This book Useful for Commerce And Management
Table of Contents:
1. Introduction to Book Keeping & Accounting
2. Double Entry System
3. Rectification of Errors
4. Bank Reconciliation Statement
5. Bill of Exchange and Promissory Note
6. Valuation of Stocks
7. Depreciation, Reserve & Provision
8. Preparation of Final Accounts
9. Issue of Shares
10. Redemption of Preference Shares
11. Issue and Redemption of Debentures