Grewals Accountancy (For CA Foundation)

The book has been primarily designed for the students of C.A. Foundation course for the subject Principles and Practice of Accounting. It has been revised and remodelled according to the newly introduced C.A. Foundation course and hence the subject matter has been thoroughly revised, enlarged and updated. Since, paper is subjective in nature, graded illustrations have been provided in each chapter to aid understanding. At the end of chapter, unsolved questions and objective type questions have been provided to test and strengthen student’s understanding of the concepts.

While designing the contents of the book, the authors have also considered the requirement of those students who have had not opted for Accountancy as one of the subjects in their Intermediate or Higher Secondary Examinations. Therefore, authors have ensured to explain the fundamentals and basics of the subject with the help of simple step-by-step examples before taking up practical problems of advanced nature.

1. Close to 350 illustrations have been provided throughout the text

2. Over 200 numerical problems and close to 150 theoretical questions have been provided for practice

3. 600+ objective type questions have been provided to test  understanding of the concepts

4. Chapter on ‘Accounting Standards and Accounting Policies’ has been updated

5. New format of Profit and Loss Account and Balance Sheet of the Companies (Schedule III to the Companies Act, 2013) has been incorporated

1. Accounting Theory and Philosophy

2. Accounting Standards and Accounting Policies

3. Rules of Accounting and the Journal

4. Ledger

5. Cash Book

6. Subsidiary Books

7. Trial Balance and Rectification of Errors

8. Capital and Revenue (Expenditure and Receipts)

9. Depreciation Accounting

10. Final Accounts

11. Inventory Valuation

12. Accounting for Bills of Exchange

13. Bank Reconciliation Statement

14. Issue and Forfeiture of Shares

15. Issue of Debentures

16. Financial Statements of Companies (Statement of Profit and Loss and Balance Sheet as per Schedule III to the Companies Act, 2013)

17. Financial Statements of Not-for-Profit Organizations

18. Royalty Accounts

19. Accounting for Joint Venture

20. Accounting for Consignments

21. Partnership–I Fundamentals (Including LLPs), Valuation of Goodwill and Final Accounts

22. Partnership–II Admission of a Partner

23. Partnership–III Retirement and Death of a Partner

24. Average Due Date and Account Current

25. Sale of Goods on Approval or Return Basis

26. Contingent Assets and Contingent Liabilities

27. Basic Accounting Ratios (Profitability, Solvency, Liquidity and Turnover)