Guide covers hire purchase system fundamentals, explaining buyer-seller agreements where goods are obtained immediately but ownership transfers only after full payment. Includes interest calculations, advantages/disadvantages, accounting treatments in both vendor and purchaser books with practical illustrations.
Comprehensive coverage of lease accounting standards including finance and operating lease classifications, accounting treatments for lessees and lessors, present value calculations, depreciation methods, and sale-leaseback transactions. Essential for understanding AS-19 lease accounting principles.
Detailed guide on partnership dissolution covering circumstances, accounting procedures, realization accounts, capital adjustments, and settlement processes. Includes Garner vs Murray rule for insolvency cases, fixed vs fluctuating capitals, and comprehensive examples with journal entries.
Advanced hire purchase accounting covering complex scenarios, depreciation calculations, default situations, repossession procedures, and comprehensive problem-solving techniques. Builds upon basic concepts with detailed illustrations showing asset transfers, interest computations, and financial statement impacts.
Introduction to royalty accounting covering basic concepts, minimum rent, shortworking calculations, and recoupment procedures. Explains landlord-tenant relationships in mining, patent, and copyright royalties with detailed accounting treatments, journal entries, and ledger maintenance.