Sultan Chand | Advanced Accountancy - Vol. I | M.P. Gupta, B.M. Agrawal |

The objective of the textbook is basic treatment of main principles of Financial Accounting. The standard set for the book is complete clarity for beginners and such simplicity of exposition to make the text practically the best one. The present book aims to meet in full measure the requirement of students preparing for various commerce courses opting Financial Accounting in Indian Universities and Professional Courses. The latest syllabus of various professional courses like CA, CMA, CS, BBA, MBA, etc. is covered in the book. Syllabus of B.Com., M.Com. of various Indian Universities (Unified and CBCS) have been taken into consideration.
Thirty-Eight Chapters may be broadly grouped in following heads:

• Basic Subject of Accounting is discussed in Chapter 1 to 10. Main are on Theoretical framework, Rules of Accounting, Journal, Ledger, Subsidiary Books, Cash Book, etc.
• Determination of Operating Income which covers (Chapter 11 to 15) – Depreciation, Inventory Valuation, Final Accounts of Sole Proprietor, Consignment, Joint Venture, etc.
• Finalisation of Accounts (Chapter 16 to 25) which includes Financial Statement of Non-trading Organisation, Self-balancing and Sectional Balancing, Insolvency Accounts, Royalty Accounts, Hire Purchase, Branch and Departmental Accounts, Agriculture Accounting, Voyage Accounts, etc.
• Special Transactions of Accounting (Chapter 26 to 33) covering Insurance Claims, Packaging and Containers, Lease Accounting, Inflation Accounting, Single Entry System, Contract Accounts; etc.
• Partnership Accounts (Chapter 34 to 38) deals with various aspects of partnership like, Admission and Retirement of Partner, Dissolution, Absorption and Sale to a Company.

Salient Features

• Comprehensive coverage of all topics of Financial Accounting dealt within 38 Chapters.
• Most authentic and elaborate presentation of the subject matter in a simple and lucid style with a very large number of examples and illustrations (about 900).
• At the beginning of each chapter, Outline of Chapter is given. Important Aspects of the Chapters are given at the end of each chapter.
• In each chapter Objective and Multiple Choice Questions are given in large number.
• The book also contains GST Accounting as Appendix of Chapter 2.
• At the end of each chapter, Assignments containing nearly 200 theoretical and 400 numerical questions are also given for practice and revision.
• Most comprehensive and detailed treatise of Financial Accounting covering more than 1,700 pages.
• The book covers latest changes and amendments in the law. It is based on Accounting Standards (AS) and Indian Accounting Standard (Ind. AS).