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  • Q1
    Who are the authors of this book?
    A1

    The authors of this book are M.C. Shukla, T.S. Grewal, and S.C. Gupta, all of whom are recognized authorities in the field of accounting.

  • Q2
    What are the key topics covered in this book?
    A2

    The book covers essential topics in financial accounting, including GAAP, financial statements, branch accounting, departmental accounts, consignment accounts, joint venture accounts, partnership accounts, royalty accounts, and more.

  • Q3
    Is this book aligned with the BCom curriculum at Panjab University?
    A3

    Yes, the book is meticulously crafted to align perfectly with the BCom 1st year curriculum at Panjab University.

  • Q4
    What makes this book an indispensable resource for students?
    A4

    The book includes previous years' question papers, making it an invaluable resource for exam preparation and academic success.

  • Q5
    What is the unique feature of this book?
    A5

    The book's clear and straightforward language makes complex concepts easy to understand and apply, ensuring students can master financial accounting principles with ease.

  • Q6
    Are there any previous editions of this book available?
    A6

    This is a student edition of the book, specifically designed to be affordable and accessible to all students.

  • Q7
    Can this book be used as a reference for other courses or exams?
    A7

    Yes, the book's comprehensive coverage of financial accounting principles makes it an excellent reference for other courses or exams.

  • Q8
    What is the significance of GAAP in financial accounting?
    A8

    GAAP (Generally Accepted Accounting Principles) is a set of principles that govern financial accounting practices, ensuring consistency and accuracy in financial reporting.

  • Q9
    How does this book help students understand financial statements?
    A9

    The book provides a thorough understanding of financial statements, including income statement and balance sheet, as well as their preparation and interpretation.

  • Q10
    What is the overall benefit of using this book for BCom students?
    A10

    This book provides a comprehensive foundation in financial accounting principles, making it an essential resource for achieving academic success and preparing students for a career in commerce.

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1.Introduction to Financial Accounting and GAAP: Understand the basics and the generally accepted accounting principles.

2.Financial Accounting Standards: Learn about the standards that govern financial accounting practices.

3.Financial Statements (Including Treatment of GST): Gain knowledge on preparing and interpreting financial statements, integrating GST treatment.

4.Branch Accounting: Explore the accounting processes specific to branch offices.

5.Departmental Accounts: Study the methods of maintaining accounts for various departments.

6.Consignment Accounts: Understand the accounting for goods consigned by one party to another.

7.Joint Venture Accounts: Learn the intricacies of accounting for joint ventures.

8.Partnership Accounts: Delve into the processes involved in maintaining partnership accounts.

9.Royalty Accounts: Gain insights into accounting for royalties.

10.Previous Years' Question Papers: Access a valuable resource for exam preparation with previous years' question papers.

Discover a book that serves as the cornerstone for aspiring financial accountants—"Principles of Financial Accounting". Meticulously crafted by esteemed authors M.C. Shukla, T.S. Grewal, and S.C. Gupta, this textbook aligns perfectly with the curriculum for BCom 1st year, 1st semester at Panjab University, Chandigarh. Published by the revered S Chand Publishing, this comprehensive guide is tailored to meet the needs of undergraduate commerce students, ensuring a solid foundation in financial accounting principles.

Expertise: The authors, M.C. Shukla, T.S. Grewal, and S.C. Gupta, are recognized authorities in the field of accounting. Their combined expertise and pedagogical approach make this book an unparalleled academic resource.

Affordable Learning: As a low-priced student paperback edition, the book ensures that quality education is accessible to all. Its affordability does not compromise the depth and breadth of information it provides, making it an essential tool for every BCom student.

Language and Clarity: Written in English, the book aims to cater to a broad spectrum of students. The language is clear and straightforward, making complex concepts easy to understand and apply.

Expert Authorship: Gain insights from reputed authors M.C. Shukla, T.S. Grewal, and S.C. Gupta, who bring their vast experience and expertise to the table, ensuring a rich learning resource.

Comprehensive Coverage: This book thoroughly delves into the fundamentals of financial accounting, aligning perfectly with the syllabus for BCom 1st year, semester 1.

Student-Friendly: Presented in a clear and concise manner, the content is designed to be easily understandable, catering to the learning needs of undergraduate commerce students.


1.Introduction to Financial Accounting and GAAP: Understand the basics and the generally accepted accounting principles.

2.Financial Accounting Standards: Learn about the standards that govern financial accounting practices.

3.Financial Statements (Including Treatment of GST): Gain knowledge on preparing and interpreting financial statements, integrating GST treatment.

4.Branch Accounting: Explore the accounting processes specific to branch offices.

5.Departmental Accounts: Study the methods of maintaining accounts for various departments.

6.Consignment Accounts: Understand the accounting for goods consigned by one party to another.

7.Joint Venture Accounts: Learn the intricacies of accounting for joint ventures.

8.Partnership Accounts: Delve into the processes involved in maintaining partnership accounts.

9.Royalty Accounts: Gain insights into accounting for royalties.

10.Previous Years' Question Papers: Access a valuable resource for exam preparation with previous years' question papers.

Have Doubts Regarding This Product ? Ask Your Question

  • Q1
    Who are the authors of this book?
    A1

    The authors of this book are M.C. Shukla, T.S. Grewal, and S.C. Gupta, all of whom are recognized authorities in the field of accounting.

  • Q2
    What are the key topics covered in this book?
    A2

    The book covers essential topics in financial accounting, including GAAP, financial statements, branch accounting, departmental accounts, consignment accounts, joint venture accounts, partnership accounts, royalty accounts, and more.

  • Q3
    Is this book aligned with the BCom curriculum at Panjab University?
    A3

    Yes, the book is meticulously crafted to align perfectly with the BCom 1st year curriculum at Panjab University.

  • Q4
    What makes this book an indispensable resource for students?
    A4

    The book includes previous years' question papers, making it an invaluable resource for exam preparation and academic success.

  • Q5
    What is the unique feature of this book?
    A5

    The book's clear and straightforward language makes complex concepts easy to understand and apply, ensuring students can master financial accounting principles with ease.

  • Q6
    Are there any previous editions of this book available?
    A6

    This is a student edition of the book, specifically designed to be affordable and accessible to all students.

  • Q7
    Can this book be used as a reference for other courses or exams?
    A7

    Yes, the book's comprehensive coverage of financial accounting principles makes it an excellent reference for other courses or exams.

  • Q8
    What is the significance of GAAP in financial accounting?
    A8

    GAAP (Generally Accepted Accounting Principles) is a set of principles that govern financial accounting practices, ensuring consistency and accuracy in financial reporting.

  • Q9
    How does this book help students understand financial statements?
    A9

    The book provides a thorough understanding of financial statements, including income statement and balance sheet, as well as their preparation and interpretation.

  • Q10
    What is the overall benefit of using this book for BCom students?
    A10

    This book provides a comprehensive foundation in financial accounting principles, making it an essential resource for achieving academic success and preparing students for a career in commerce.

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