Financial accounting / by S. N. Maheshwari, Suneel K. Maheshwari and Sharad Maheshwari

Includes recent examinations' questions with solutions and appendices

ACCOUNTING PRINCIPLES AND PROCESSES Meaning and scope of accounting Accounting principles basic accounting terms Journalising transactions Ledger posting and trial balance Sub-division of journal Negotiable instruments Bank reconciliation statement Matching concept Capital and revenue Final Accounts Rectification of errors Depreciation provisions and reserves Accounting concept of income Sectional and self-balancing system Accounting of non-profit making concerns Single entry system Computers and accounting SPECIAL ACCOUNTING PROBLEMS Consignment accounts Joint venture accounts Account current and Average due date Inventory valuation Hire purchase, lease and instalment purchase systems Branch accounts Departmental accounts Accounting for price level changes Insurance claims PARTNERSHIP ACCOUNTS Fundamentals Reconstitution of partnership firms: Admission Reconstitution of partnership firms: Retirement, death and amalgamation Dissolution of partnership firms