Basic Accounting  (English, Paperback, Sofat Rajni)

Basic Accounting is the second edition of the exhaustive textbook designed for students of BCA, BBA and MBA.

Summary Of The Book

Basic Accounting is a comprehensive reference book that explains the basic principles and techniques associated with accounting. Designed for undergraduate students of business administration and computer applications, the book comprises all the relevant topics that are required for students to prepare well. 

Basic Accounting is a concise text that explores the double entry system in detail. The students will learn the rules of writing journal and ledger entries and how to prepare final accounts. The authors elaborate on the management accounting process in detail. Moreover, it includes explanations on sources of finance and share capital. It further discusses the importance and functioning of a computerized accounting system.

The second edition of Basic Accounting includes three additional chapters covering other crucial accounting topics that were not incorporated in the first edition. These are depreciation, provisions and reserves, bank reconciliation statement, and rectification of errors. Also, the second chapter has been enlarged to include International Financial Reporting Standards. Some of the chapters in the book include Trial Balance, Cash Book, Journal, Accounting Equation, Final Accounts With Adjustment, Company Accounts Share Capital, and Sub-Divisions of Journal.

The authors have ensured to present the book in such a manner that students who did not study accounting at school level can also easily comprehend this subject. They have provided ample illustrations to give thorough explanations on the fundamental concepts. Another salient feature of this book is that it facilitates understanding through diagrammatic presentation of the theory and uses tables, diagrams and flowcharts to do so.

Basic Accounting consists of numerous solved examples to help students easily understand the concepts explained here. At the end of each chapter, objective type questions along with short answer and essay type questions are integrated. Also, practical problems with hints enhance the problem-solving skills of the students. At the end of the book, the authors have included model question papers so that the students can get a real feel of the examination.

About The Authors

Rajni Sofat is an award-winning academic who works at Guru Nanak Institute of Management and Technology as an assistant professor. With over fourteen years of teaching experience, she has written numerous research papers for leading journals, conferences and seminars. She has been honored with the Rashtriya Gaurav Award and the Certificate of Excellence for contributions in the field of academics.

Preeti Hiro works at GNIMT, Punjab, as a lecturer. She has been in the teaching industry for over seven years now. She has published her works in seminars, conferences and reputed journals.