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Q1

Who are the authors of this book?

A1

The authors of this book are Dr Sanjeev Sharma of whom are recognized authorities in the field of accounting.
Q2

What are the key topics covered in this book?

A2

The book covers essential topics in financial accounting, including GAAP, financial statements, branch accounting, departmental accounts, consignment accounts, joint venture accounts, partnership accounts, royalty accounts, and more.
Q3

Is this book aligned with the BCom curriculum at Panjab University?

A3

Yes, the book is meticulously crafted to align perfectly with the BCom 1st year curriculum at Panjab University.
Q4

What makes this book an indispensable resource for students?

A4

The book includes previous years' question papers, making it an invaluable resource for exam preparation and academic success.
Q5

What is the unique feature of this book?

A5

The book's clear and straightforward language makes complex concepts easy to understand and apply, ensuring students can master financial accounting principles with ease.
Q6

Are there any previous editions of this book available?

A6

This is a student edition of the book, specifically designed to be affordable and accessible to all students.
Q7

Can this book be used as a reference for other courses or exams?

A7

Yes, the book's comprehensive coverage of financial accounting principles makes it an excellent reference for other courses or exams.
Q8

What is the significance of GAAP in financial accounting?

A8

GAAP (Generally Accepted Accounting Principles) is a set of principles that govern financial accounting practices, ensuring consistency and accuracy in financial reporting.
Q9

How does this book help students understand financial statements?

A9

The book provides a thorough understanding of financial statements, including income statement and balance sheet, as well as their preparation and interpretation.
Q10

What is the overall benefit of using this book for BCom students?

A10

This book provides a comprehensive foundation in financial accounting principles, making it an essential resource for achieving academic success and preparing students for a career in commerce.

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