Financial Accounting For BBA

This compact and student-friendly book presents the fundamental concepts of accounting. It brilliantly combines two areas of accounting—financial accounting and corporate accounting. While the initial and middle chapters give a clear analysis of financial accounting, the remaining chapters provide a succinct account of corporate accounting. The chapters on financial accounting discuss in detail the concepts of accounting and accounting standards, the process and technique of accounting, source documents and vouchers for recording of transactions. Besides, they deal with the rules of debit and credit, and journal entry and preparation of trial balance as well as errors and their rectification. Finally, these chapters cover the concept and causes of depreciation and methods of recording and providing depreciation, the adjustment required to prepare the final accounts of a trader including the accounting concepts of income and its measurements, and the meaning, objectives and methods of valuation of inventories.

Preface

1. Meaning and Objectives of Accounting and Accounting Information

2. Theory Base of Accounting and Accounting Standards

3. Accounting Process

4. Source Documents and Vouchers for Recording of Transactions

5. Subsidiary Books of Business

6. Trial Balance and Errors and Their Rectification

7. Depreciation: Reserves and Provisions

8. Final Accounts of Trading Concerns

9. Accounting Concept of Income

10. Inventory Control

11. Issue of Shares: Forfeiture and Reissue of Forfeited Shares

12. Issue and Redemption of Preference Shares and Bonus

13. Purchase of a Business

14. Profits Prior to Incorporation

15. Loan Capital: Issue of Debentures

16. Redemption of Debentures

17. Final Accounts

Index