This book is a University Grants Commission (‘UGC’) recommended, comprehensive & authentic textbook.

This book aims to fulfil the requirement of the following students of undergraduate courses in commerce and management:

• B.Com. Semester IV, Paper BC 4.2 [Three Years (6-Semester)] under Choice Based Credit System Programme (CBCS)
• Non-Collegiate Women’s Education Board (NCWEB)
• School of Open Learning (SOL) of University of Delhi
• Various Central Universities throughout India

The Present Publication is the 8^th Edition, authored by Bhushan Kumar Goyal, with the following noteworthy features:

• This book is divided into two volumes:
  • [Volume I – Text & Illustrations]
    • Accounting Treatment as per Companies Act, 2013, and Accounting Standards
    • Prescribed format of Balance Sheet in questions as well as solutions
  • [Volume II – Assignments] incorporating the following:
    • Theory Questions with Answers
    • Practical Questions
    • Previous Year Questions Papers
• [Thoroughly Revised] as per the following:
  • Theory and accounting treatment has been revised as per Accounting Standards – 4 (Revised)
  • Companies (Amendment) Act, 2017
  • Ministry of Corporate Affairs Notification dated 11^th October, 2018
  • Companies (Amendment) Act, 2021
• [Simple, Systematic and Comprehensive Explanation] of the concept and theories underlying Basic Corporate Accounting
• [Financial Statements] have been prepared as per the following:
  • Schedule III of the Companies Act, 2013
  • Revised Accounting Standard 4
• [Comprehensive Coverage of Accounting Treatment] has been provided, so that it becomes easy to solve practical problems
• [Illustrations for Better Understanding] have been given in each chapter
• [Careful Selection of Illustrations] to cover all aspects of the topics
• [Illustrations & Practical Questions] cover the questions asked in the university examinations and professional courses
• [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 author/teacher experience of more than 39 years
  • Reaction and responses of students have also been incorporated at different places in the book

Contents of this book are as follows:

• Volume I
  • Introduction
  • Issue, Forfeiture and Reissue of Shares
  • Issue of Rights and Bonus Shares
  • Employee Stock Option Plan
  • Redemption of Preference Shares
  • Buy-Back of Shares
  • Issue and Redemption of Debentures
  • Financial Statements of Companies
  • Cash Flow Statement
  • Amalgamation
  • Internal Reconstruction
  • Accounts of Holding/Parent Companies
• Volume II
  • Theory Questions
  • Accounting for Share Capital
  • Employee Stock Option Plan
  • Redemption of Preference Shares
  • Buy-Back of Shares
  • Issue and Redemption of Debentures
  • Financial Statement of Companies
  • Cash Flow Statement
  • Amalgamation
  • Internal Reconstruction
  • Banking Companies
  • Accounts of Holding Companies
  • Question Papers, including
    • B.Com. CBCS SEM-IV (May 2022)