Problems & Solutions In Advanced Accountancy Volume-I

Problems & Solutions In Advanced Accountancy Volume-I by S. N. Maheshwari, S. K. Maheshwari

---

Book Summary:

Any book on solved problems would be welcome by the students as they dread the unsolved problems the most. Problems and Solutions in Advanced Accountancy—Vol. I and II is the result of realization of the same fact. However, this book will serve its purpose the best if before referring to it the students have attempted to solve the questions on their own.

The book has been designed specially to serve as a complementary set to the textbook Advanced Accountancy—Vol. I and II, authored by the same team as Dr S N Maheshwari and Dr S K Maheshwari. It contains detailed solutions to all the practical problems given at the end of each chapter in Advanced Accountancy, as also solutions to the problems set at the recent university and professional examinations. Special feature of the book is that the problems have been properly graded.

The book maintains the same structure as the corresponding textbook. Thus, the Volume I comprises three sections. Section I deals with problems relating to Accounting Principles and Processes, from journalisation to preparation of final accounts of a firm. Section II deals with the problems relating to Special Business Transactions, viz., consignments, joint ventures, hire purchase, lease, insurance claims, etc. Section III provides solutions to accounting problems of Partnerships, viz., admission, retirement, dissolution and piecemeal distribution. Volume II, also containing three sections, deals with general problems relating to Company Accounts, Specific Company Accounts and Management Accounting.

The book will serve as a useful guide to students preparing for B.Com., M.Com., BBA, MBA and other professional examinations conducted by institutions like the Institute of Chartered Accountants of India (ICAI), the Indian Institute of Bankers (IIB), the Institute of Company Secretaries of India (ICSI), and the Institute of Cost and Works Accountants of India (ICWAI).

Audience of the Book :

This book Useful for B.Com., M.Com., BBA, MBA and other professional examinations.

Table of Contents:

1. Section One (Accounting Principles and Processes) Basic Concepts:

a. An Overview

b. Journalising Transactions

c. Ledger Posting and Trial Balance

d. Sub-Division of Journal

e. Negotiable Instruments

f. Bank Reconciliation Statement

g. Final Accounts

h. Rectification of Errors

i. Depreciation, Provisions and Reserves

j. Advanced Final Accounts

k. Sectional and Self-Balancing Systems

l. Accounts of Non-Trading Institutions

m. Single Entry Method.

2. Section Two (Special Accounting Problems) Consignment Accounts

n. Joint Venture Accounts

o. Account Current and Average Due Date

p. Branch Accounts

q. Departmental Accounts

r. Hire Purchase, Lease and Instalment Purchase Systems

s. Royalty Accounts

t. Inventory Valuation

u. Insurance Claims

v. Contract Accounts

w. Insolvency Accounts

x. Miscellaneous Accounts.

3. Section Three (Partnership Accounts) Fundamentals

y1. Reconstitution of Partnership Firms-l

y2. Reconstitution of Partnership Firms-lI

z. Dissolution of Partnership Firms