Financial Accounting presents the fundamental principles and concepts of accounting. Accounting conventions which are in vogue throughout the world, have been discussed in the book. Single-entry system played a very important role in accounting, which gradually paved way for a refined form of double-entry system. This aspect has been discussed at length. Concept of trading account, profit and loss account and balance sheet have been explained with appropriate illustrations. Fundamental concepts of hire purchase, calculation of interest, and risks involved in hire purchases have been explained. Concepts of royalty, rent, lease, and preparation of accounts have been elucidated with appropriate examples. In the recent times many proprietorship and partnership firms are converting themselves into private limited companies for various reasons. The book tries to explain the process of conversion of a partnership concern into a private limited company. Care has been taken to incorporate the latest company law amendments regarding it.
1- Introduction to Financial Accounting2- Conversion of Single Entry to Double Entry3- Hire Purchase System4- Royalty Accounts5- Conversion of a Partnership Firm into a Limited Company 6- Index.
B.G. Satyaprasad :- B.G. Satyaprasad M.Com, MBA, Ph.DB.G. Satyaprasad, ‘finance guru’ as his students fondly call him, is an outstanding academician of repute who is also decorated with ‘Best Teacher’ award (2003) by the Govt. of Karnataka for the exceptional services rendered by him in the field of commerce and management education. A prolific writer who has authored over twenty-five books in the area of commerce and management. He has also guided several M.Phil and Ph.D scholars. He is guiding several educational institutions in India to achieve excellence in the quality of education. He is a consultant for accreditation and quality certifications such as NAAC, NBA, and ISO etc. He is an expert in establishing institutions for higher education. He is also known as an authority on distance learning programme. He has designed and established distance education programmes for several universities. He has served many committees of UGC and other leading universities in enhancing the quality of higher education. Currently he is serving as Director at GT Group of Institutions, Bangalore.C.S. Anantaram :- C.S. AnantaramA veteran mathematician, Head, Mathematics Academy at Tumkur, has trained thousands of students in mathematics. He has authored several books on the area of Business Mathematics, Vedic Mathematics and Quantitative Techniques. He has contributed as subject expert in designing the curriculum and content of the study material for High School level in Karnataka State. He has presented, chaired several state, national and international conferences.He has conducted several workshops and guided, trained and educated teachers to teach mathematics and quantitative techniques.K. Janardhanam :- K. JanardhanamA researcher and a seasoned academician having more than twenty-five years of experience in teaching and research in commerce and management area. Currently he is serving as a Director, Canara Bank School of Management Studies at Bangalore University. He has served the university in various capacities such as academic council, senate and syndicate member. His area of specialization is Finance and Accounting. He has guided several MPhil and PhD scholars.Vedananda Murthy :- Vedananda Murthy M.Com, EMBA, Ph.DOne of the seniormost teachers in the area of commerce having over 3 decades of experience in academics. Currently serving as a Professor of Commerce in SLN First Grade College, Bangalore.He has participated, presented research papers in many state & national level conferences.He has been awarded a Doctorate by Bangalore University in Finance for his research work on ‘Asset Liability Management of Commercial Banks’.