Financial Accounting

Financial Accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report or financial statements such as an income statement or a balance sheet.

In This Subject Followin  Topics are included.

[1] Piecemeal Distribution of  cash Among Partners [2] Transaction of Share Capital [3] Profit Prior to Incorporation of a Company. [4] Accounts of Business purchase [5] Final Accounts of Company As per 2013 Act