Taxmann's Basic Financial Accounting (UGCF | 2 Vols.) – Most updated & amended student-oriented book, with numerous solved illustrations plus working notes & B.Com. past question papers
About this ebook
This book aims to fulfil the requirement of students of undergraduate courses in commerce and management, particularly the following:
• B.Com. Sem (I) Core Paper BC: DSC 1.3 based on the Undergraduate Curriculum Framework (UGCF) by the University of Delhi
• Non-Collegiate Women's Education Board (NCWEB)
• School of Open Learning (University of Delhi)
• Undergraduate Commerce & Management Courses at various Central Universities throughout India
The Present Publication is the 9th Edition, authored by Bhushan Kumar Goyal, with the following noteworthy features:
• [Highlights of the Ninth Edition] are as follows:
o [Most Amended & Updated]
o [New Illustrations] has been added to this book
o [B.Com. Past Question Papers] for the years 2021 & 2022 have been added to this book
• [Comprehensive Presentation of Theory, Procedure & Practice] of accounting
• [Student-Oriented Book] This book has been developed keeping in mind the following factors:
o Interaction of the author/teacher with their students in the classroom
o Shaped by the author/teacher's experience of teaching the subject matter at different levels for more than 43 years
o Reactions and responses of students have also been incorporated at different places in the book
• [Simple Language & Systematic Manner] of the presentation of the subject matter with special emphasis on those points which students generally find difficult
• [Solved Illustrations & Working Notes] have been incorporated throughout this book to make the understanding of the concepts easy
• [Practical Assignments & Latest Questions Papers] have been given in Vol. II of the book
• [Multiple True/False Type Questions] have been incorporated into the book
The contents of the book are as follows:
• Volume I
o Accounting System
o Capital and Revenue Expenditures and Receipts
o Events Occurring after the Balance Sheet Date
o Extraordinary Items, Prior Period Items, Accounting Estimate, Accounting Policies and Fair Value
o Provisions, Contingent Liability and Contingent Assets
o Financial Accounting Principles
o Introduction to Accounting Standards and Ind-AS
o Accounting Process: Journal and Ledger
o Accounting Process: Subsidiary Books, Ledger and Trial-Balance
o Accounting for Goods and Services Tax
o Measurement of Business Income and Revenue Recognition
o Accounting for Property, Plant, Equipment and Depreciation
o Accounting for Intangible Assets
o Inventory Valuation
o Financial Statements of Non-Corporate Business Entities
o Financial Statements for Not-For-Profit Organisations
o Accounting for Inland Branches
o Departmental Accounting
o Lease Accounting
o Computerised Accounting System
• Volume II
o Objective Questions with Answers
o Accounting Process: Journal and Ledger
o Accounting Process: Subsidiary Books, Ledger and Trial-Balance
o Accounting for Property, Plant, Equipment and Depreciation
o Accounting for Intangible Assets
o Inventory Valuation
o Financial Statements of Non-Corporate Business Entities
o Financial Statements for Not-For-Profit Organisations
o Accounting for Inland Branches
o Departmental Accounting
o Lease Accounting
o Computerised Accounting System
o B.Com. CBCS: 2021
o B.Com. CBCS: 2022
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About the author
Bhushan Kumar Goyal is an Associate Professor at Shri Ram College of Commerce, University of Delhi. He did his B.Com (H) and M.Com from Shri Ram College of Commerce. After that, he completed his LL.B from the University of Delhi.Â
He has been teaching Accounting for more than 39 years at Shri Ram College of Commerce. He has been visiting faculty at the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India.Â
He has also authored books, namely:Â
• Financial Accounting
• Financial Accounting & Auditing
• Basic Financial Accounting
• Basic Corporate Accounting
• Problem and Solutions in Financial Accounting
• Business Laws
