This book develops conceptual understanding of the fundamentals of financial accounting which play a crucial role in laying the foundation of commerce and accountancy courses in general and CPT in particular. Dexterously organized to suit the requirements of CPT aspirants, the text presents a step by step analysis of the basic concepts of accountancy in a comprehensive but in an easy-to-grasp manner. The text begins with discussing the meaning and scope of accounting and moves on by elaborating on different accounting standards, policies and the procedures followed in accounting. It also discusses ledger, trial balance, cash book and bills of exchange or promissory notes in the subsequent chapters. Apart from discussing the various types of accounts, such as partnership accounts and company accounts, this text explains debentures and inventories in a simple and lucid style. Specifically meant for the prospective examinees of the Common Proficiency Test (CPT), conducted by the Institute of Chartered Accountants of India (ICAI), this text should also prove valuable to undergraduate students of commerce and management. SALIENT FEATURES Provides bird’s eye view in each chapter for a quick understanding of the concept Includes keywords and summary at the end of each chapter Incorporates Multiple Choice Questions with their answers useful for CPT Provides model test papers, objective type questions and subject in nutshell in Appendices.

Accounting Is One Of The Core Sections At The Common Proficiency Test Of The Institute Of Chartered Accountants Of India (Icai). For The Benefit Of The Beginners The Text Has Been Kept So Simple That It Does Not Presuppose Any Prior Knowledge Of The Subject And Makes Learning A Painless Exercise. Since The Cpt Consists Mainly Of Objective Type Questions And Problems, More Such Questions Have Been Added In The Second Edition, Apart From Updating The Text With The Latest In The Subject. Also, A New Chapter Has Been Added On Basic Accounting Terms To Make Basics Clear. The Book Will Also Serve As A Refreshing Guide For Business Executives.

In A Simple Style, This Book Presents A Systematic Account Of The Various Principles, Methods And Techniques Of Modern Accountancy. The Book Completely Covers The New Syllabus (November 2001) Prescribed By The Institute Of Chartered Accountants Of India.Important Features * Based On New Syllabus Of C.A. Professional Education Course-I. * Explains The Various Accounting Principles And Concepts In A Simple Language And Illustrates Them With Suitable Examples. * Important Terms And Standards Highlighted Throughout The Book. * Includes Several Solved Question Papers Of Previous C.A. Entrance And C.A. Foundation Examinations. * Also Includes Objective And Descriptive Questions With Answers At The End Of Each Chapter.This Book Would Serve As A Comprehensive Text For C.A. Candidates, Icwa (Inter) Candidates As Well As B. Com. Students Would Also Find It Extremely Useful.

This Book is Primarily Meant for those who are appearing for MCQ Type Exam in Accountancy Basics.

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 as per the new updates in the syllabus and is applicable for the students appearing for CA Foundation Examination November 2019 and onwards. The book provides conceptual knowledge and understanding of various principles and systems of accounting and their practical application in different sets of business transactions.