Taxmann's financial accounting / by Ashok Sehgal and Deepak Sehgal

Includes appendix

Accounting-an information system Accounting-the language of business Theoretical framework of accounting Theory base of accounting-Gap Theory base of accounting-conceptual framework Theory base of accounting-financial accounting standards Practical framework of accounting Accounting mechanics Business income measurements Revenue recognition Capital and revenue expenditures and receipts Business income measurement Depreciation, reserves and provisions Inventory valuation Financial statement drafting Financial statements of non-corporate profit making entities Financial statement of Not-for-Profit organizations and professional firms Accounting for specialised transactions/situations Accounting for branches Accounting for hire purchase and installment payment transactions Leases Accounting for dissolution of partnership firms Accounting information in technology age Computerised accounting