This book provides a thorough analysis & new insights on basic accounting and interpretation in simple language.

This book is specially prepared for non-commerce background students pursuing MBA or equivalent courses.

The Present Publication is the Reprint 2022 Edition, authored by CA (Dr.) K.M. Bansal & Dr. Ritu Gupta, with the following noteworthy features:

• [Simple, Systematic & Comprehensive Explanation] The subject matter is presented in a simple, systematic method along with a comprehensive explanation
• [Student-Oriented Book] This book has been developed keeping in mind the following factors:
  • Interaction of the author/teacher with their students in the classroom
  • Shaped by the authors’/teachers’ experience of teaching the subject matter at different levels
  • Reactions and responses of students have also been incorporated at different places in the book
• [Learning Objectives] that describes the issues that are examined in each chapter
• [Theory Supplemented by Illustrative Problems] are given in this book
• [Graded Illustrations] are provided at the end of each chapter
• [True and False Questions] are also given, covering the entire chapter
• [Preparation of Final Accounts of Company as per Ind-AS] based on the following:
  • Formats given in Division II to Schedule III of the Companies Act 2013
  • MCA Notification regarding amendment in Schedule III of the Companies Act 2013 has been duly incorporated

Contents of this book are as follows:

• Introduction to Accounting
• Basic Accounting Terms
• Theory Base of Accounting
• Double Entry System
• Accounting Equation
• Journal
• Ledger
• Trial Balance
• Final Accounts (without adjustments)
• Final Accounts (with adjustments)
• Depreciation
• Final Accounts of Companies