Book excerpt: This book is prepared exclusively for the Foundation Level of Chartered Accountancy Examination requirement. It covers the past exam questions & detailed answers strictly as per the latest syllabus of ICAI. The Present Publication is the 8th Edition for CA-Foundation | Dec. 2023 exams. This book is authored by Dr S.K. Agrawal & CA Manmeet Kaur, with the following noteworthy features: • As per the latest syllabus of ICAI • Coverage of this book includes: o All Past Exam Questions, including § CA Foundation Solved Paper – June 2023 | Principles & Practice of Accounting o Theoretical Questions o Illustrations o Short Notes o True/False • [Marks Distribution] Chapter-wise marks distribution from May 2018 onwards Contents of this book are as follows: • Meaning & Scope of Accounting • Accounting Concepts, Principles & Conventions • Accounting Standards • Accounting Policies • Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates • Capital and Revenue Expenditure • Contingent Assets and Contingent Liabilities • Accounting Process (Journal, Ledger, Trial Balance, Cash Book, Subsidiary Books) • Bank Reconciliation Statement • Bills of Exchange • Rectification of Errors • Inventory Valuation • Depreciation • Sale on Approval Basis • Final Accounts • Consignment Accounts • Partnership • Average Due Date • Account Current • Not for Profit Organisation • Shares • Debentures • Financial Statements of Companies [Schedule III]