Problems and Solutions in Advanced Accountancy Vol 1, 6/e

Problems and Solutions in Advanced Accountancy Vol 1, 6/e

Authors : Dr S N Maheshwari & Dr Suneel K Maheshwari

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About the Author

Dr S N Maheshwari :-
He is presently Professor Emeritus & Academic Advisor, Delhi Institute of Advanced Studies, Delhi. He is also the Chairman, Indian Society of Accounting and Management, New Delhi. During his long and varied career, he worked as Director General, Delhi Institute of Advanced Studies; Principal, Hindu College, University of Delhi; Professor and Dean, Faculty of Commerce and Business Management, Goa University; Director, Institute of Management Science and Productivity Research, New Delhi; Director (Academic), BLS Institute of Management, Mohan Nagar; Vice-Principal, Shri Ram College of Commerce, University of Delhi; and Principal, Staff Training College, New Bank of India, Chandigarh. Dr S N Maheshwari has more than five decades of experience in teaching students of BCom, BBA, MCom, MBA, CA, CS and CMA. He has authored around 150 books/monographs and participated in several national and international seminars.


Dr Suneel K Maheshwari :-
He is a PhD in Business Administration from Florida Atlantic University, USA. He also obtained his Masters in Accountancy from Miami University, Oxford, Ohio, USA. He was till recently, Professor of Accounting at Marshall University, USA. At present he is Professor of Accounting, Eberly College of Business and Information Technology, Indiana University of Pennsylvania, USA. Dr Suneel Maheshwari has also been a management consultant to many corporate-sector giants, like Holiday Inn and TCS. His research interests include Executive Compensation, Activity-based Costing, Ethical issues and interdisciplinary applications. He has more than two decades of teaching, research and industry experience. He has also authored more than 70 books/monographs and contributed over 40 articles in refereed national and international journals, besides attending/chairing several national and international conferences.
 

About the Book

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).

 

Contents

  • Section One (Accounting Principles and Processes) Basic Concepts:
    1. An Overview
    2. Journalising Transactions
    3. Ledger Posting and Trial Balance
    4. Sub-Division of Journal
    5. Negotiable Instruments
    6. Bank Reconciliation Statement
    7. Final Accounts
    8. Rectification of Errors
    9. Depreciation, Provisions and Reserves
    10. Advanced Final Accounts
    11. Sectional and Self-Balancing Systems
    12. Accounts of Non-Trading Institutions
    13. Single Entry Method.
  • Section Two (Special Accounting Problems) Consignment Accounts
    1. Joint Venture Accounts
    2. Account Current and Average Due Date
    3. Branch Accounts
    4. Departmental Accounts
    5. Hire Purchase, Lease and Instalment Purchase Systems
    6. Royalty Accounts
    7. Inventory Valuation
    8. Insurance Claims
    9. Contract Accounts
    10. Insolvency Accounts
    11. Miscellaneous Accounts.
  • Section Three (Partnership Accounts) Fundamentals
    1. Reconstitution of Partnership Firms-l
    2. Reconstitution of Partnership Firms-lI
    3. Dissolution of Partnership Firms