Summary of the BookAdvanced Accounts (Volume – 1) is the first volume in a two volume coverage of the subject. The book is divided into 18 chapters. It proceeds from the very basics to the advanced concepts. The text begins with a chapter on the Fundamental Principles of Accounting. After this introductory chapter, the book moves on to cover specifics like Bills of Exchange, Depreciation, Joint Ventures, and Reserves and Provision.The book also goes into more topics like Accounts From Incomplete Records, Self-Balancing Ledger, Contract Accounts, Partnership Accounts and Royalties.Advanced Accounts (Volume – 1) thus provides a full coverage of the topics included in it. Clear concept explanations and exercises to test the students understanding of the theories make this book a good choice for students doingcourses in which the subject of accountancy is a vital focus of study. This book is popular among students, it is already into its 17th edition.
M.C. Shukla, S.C.Gupta, T.S. Grewal