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Download PDF by Rama Gopal, CA. C: Accounting for Managers

By Rama Gopal, CA. C

ISBN-10: 8122426123

ISBN-13: 9788122426120

Scholars from various backgrounds like Engineering, Pharmacy, Arts and organic Sciences subscribe to a multidisciplinary direction like MBA. Many such scholars haven't any past publicity to fundamentals of Accounting and hesitate to learn the initial books in studying the basics. current syllabus of many universities presupposes that the scholars, already, comprehend the basics of accounting and starts off with the coaching of monetary statements. such a lot scholars continue being affected by accounting, hoping to go someway. Many scholars proportion their perspectives, even after passing, as their suggestions aren't transparent, and fear for the following semester, as they're to stand the complicated topic ``Financial Management`` within the subsequent semester.

This e-book begins with basics. Emphasis is to transparent recommendations in uncomplicated language. the purpose is additionally to satisfy the aspirations of non-commerce scholars besides to people who couldn't research in English medium, past. This e-book will profit the weakest of the vulnerable and might even be a excitement for all scholars, who additionally desire to arrange for the interviews, as `Interviews questions about Finance` is a tailpiece on the finish of every chapter.

Unique positive aspects of this Book
Starting from Fundamentals.
Targeted for Non-Commerce scholars and Graduates in Engineering, Arts, arithmetic, Pharmacy and Sciences.
Interview questions about Finance.
Single Book-Suggested solutions and Textbook-Covering overall UGC Syllabus.
Added good points as consistent with New trend of Exams-True or fake, choose up correct selection.

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Current assets are not affected by this concept. However, cost concept is largely becoming irrelevant due to continued inflationary tendencies. This is the growing reason for inflation accounting. 6. Accounting Period Concept According to the ‘Going Concern Concept’, every business would exist for a longer duration. That longer duration is divided into appropriate segments or periods for studying the results shown by the business for each period. After each period, it is necessary to ‘stop’ and ‘see back’ how things have been going.

Someone, either owner or outsider, has a claim against the assets of the business. So, the total value of the assets is equal to the total value of capital and liabilities. 50,000 If the business has acquired an asset, the source could be any one of the following: (a) New asset is in place of an asset given up; or (b) Liability has been created for its acquisition; or (c) There has been profit to purchase; or (d) The proprietor has contributed more capital to finance. Similarly, if there is an increase in liability, there must have been an increase in assets.

5. Amount owed to outsiders (excluding the proprietor) is called ‘Capital’. 6. Comparison of capital between two periods is an indication whether the business is profitable or not, if there is no introduction of capital or withdrawal in the form of drawings during the period of comparison. 7. Trade discount is allowed only on cash sales and not on credit sales. Accounting for Managers 20 8. Cash discount and trade discount are not allowed, simultaneously, in one transaction. 9. Total assets minus capital is equal to liabilities.

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Accounting for Managers by Rama Gopal, CA. C

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