Dive into the world of financial accounting with "Spectrum Principle of Financial Accounting (Including GST)." This essential textbook, written by renowned authors Sanjeev Sharma, Sukh Raj Singh, Bala Khanna, and Rinkey Priya Bali, is tailored for BCom 1st-year students attending Panjab University, Chandigarh. Published by Sharma Publications, it serves as a comprehensive guide, meticulously covering the fundamental principles and practices of financial accounting while incorporating the latest GST regulations.
Key Features:
Comprehensive Coverage: The book details Generally Accepted Accounting Principles (GAAP) along with accounting concepts and conventions, ensuring a strong foundational understanding.
Financial Accounting Standards and IFRS: Students will gain insights into the global standards of financial reporting, crucial for both academic and professional success.
GST-Based Accounting System: A special section dedicated to the introduction of the GST-based accounting system, providing up-to-date knowledge on this critical aspect of Indian taxation.
Financial Statements: Detailed exploration of financial statements for sole proprietors and partnership firms, both with and without adjustments, to clarify varied accounting scenarios.
Real-World Applications: From accounting for branches, departments, consignments, and joint ventures to the dissolution of partnership firms and royalty accounts, the book offers practical knowledge applicable in real-world situations.
Supplementary Sections:
Introduction to Accounting Software and Tally: A primer on modern accounting tools, making students industry-ready.
Practical Accounting Work Using Tally Software: Step-by-step guides to practical accounting tasks using Tally software, reinforcing theoretical knowledge through hands-on practice.
