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Year: 2,011
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City: New Delhi
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Pages: 1,119
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Pages In File: 1,119
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Language: English
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Topic: 2
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Identifier: 9780070700703,0070700702
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Org File Size: 97,236,715
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Extension: pdf
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Toc: Cover Contents Chapter 1 Meaning and Scope of Accountancy Introduction Meaning of Accounting Activities under Accounting Objectives of Accounting Book-Keeping Subfi elds of Accounting Users of Accounting Information Relationship of Accounting with Other Disciplines Limitations of Accounting Role of Accountants in the Society Exercises Answers Chapter 2 Accounting Concepts, Principles and Conventions Introduction Business Entity Going Concern Concept Money Objectivity Dual Aspect Concept Periodicity Concept Accrual Concept Matching Concept Revenue Recognition Principle Conservatism Consistency Materiality Qualitative Characteristics of Financial Statements Exercises Answers Chapter 3 Accounting Standards—Concepts, Objectives and Benefi ts Introduction Defi nition Objects Concept of Accounting Standards Overview of Accounting Standards in India Exercises Answers Chapter 4 Accounting Policies Meaning Essentials for Accounting Policy Exercises Answers Chapter 5 Accounting as a Measurement Discipline Introduction Exercises Answers Chapter 6 Basic Accounting Procedures—Journal Entries Introduction Double-entry System Account Journal Advantages of Double-entry System Classifi cation of Accounts Golden rules of Accounting Exercises Answers Chapter 7 Ledgers Introduction Defi nitions Posting Balancing of an Account Exercises Answers Chapter 8 Trial Balance Introduction Defi nitions Exercises Answers Chapter 9 Subsidiary Books Subsidiary Book Subsidiary Books and their Advantages Purchase Book Sales Book Sales Return Book Purchase Return Book Bills Receivable Book Bills Payable Book Journal Exercises Answers Chapter 10 Cash Books Introduction Cash Book Non-Imprest System of Petty Cash Exercises Answers Chapter 11 Capital and Revenue Expenditures and Receipts Introduction Exercises Answers Chapter 12 Contingent Assets and Contingent Liabilities Introduction Contingent Assets Liability Provisions Contingent Liabilities Exercises Answers Chapter 13 Rectifi cation of Error Introduction Stages of Error in Accounting Process and Types of Errors Purpose of Rectifi cation When Errors are Rectifi ed Steps to Locate Errors Criteria for Rectifi cation Application of Rectifi cation on Criteria Detailed Explanation of Types of Errors and its Rectifi cation Exercises Answers Chapter 14 Bank Reconciliation Statement Introduction Bank Passbook Bank Reconciliation Statement Summary Exercises Answers Chapter 15 Inventories Inventory Basis of Inventory Valuation Inventory Record System Periodic Inventory System: Cost Allocation Periodic Inventory System Perpetual Inventory System: Cost Allocation Non-Historical C