It is a matter of great pleasure to present this new edition of the book on Accountancy and Financial Management – I to the students and professors of First Year Bachelor of Commerce, University of Mumbai. This book is written on lines of syllabus instituted by the Mumbai University. The book presents the subject matter in a simple and convincing language.
We owe a great many thanks to a great many people who helped and supported us during the writing of this book which includes Principals, Professors and Students of B.Com. Section.
The syllabus contains a list of the topics covered in each chapter which will avoid the controversies regarding the exact scope of the syllabus. The text follows the term-wise, chapter-topic pattern as prescribed in the syllabus. We have preferred to give the text of the section and rules as it is and thereafter added the comments with the intention of explaining the subject to the students in a simplified language. While making an attempt to explain in a simplified language, any mistake of interpretation might have crept in.
This book is an unique presentation of subject matter in an orderly manner. This is a student-friendly book and tutor at home. We hope the teaching faculty and the student community will find this book of great use. We welcome constructive suggestions for improvement.
Contents :
1. Accounting Standards Issued by ICAI and Inventory Valuation
2. Final Accounts
3. Departmental Final Accounts
4. Accounting for Hire Purchase
