About Book:

             Commerce Education in Madras University has Undergone drastic changes during the last decade. In the revised syllabus of 2004-05, a lot of ‘Pruning’ was done to the syllabus of different commerce related courses and the resultant ‘Cohesion’ and ‘Fusion’ were a welcome development.

The current ‘Choice Based Credit Systems’ (CBCS) are almost in the same vein but, Question Paper Pattern is changed in such a way that more importance is given to Shorter Questions.

The Current edition covers the syllabus of commerce and other related degree courses like B.Com(general), B.Com(A.F), B.Com(CS), B.Com(B.M), B.Sc(ISM), B.B.A., B.C.A.(Allied), B.Sc(Maths allied).

The current edition is used as an opportunity to revise the chapters on Admission of a partner (Chapter 15) and Retirement & Death of a partner (Chapter 16) in the light of As 10-“Accounting for fixed assets”. This standard was issued by the Institute of Chartered Accountants of India as a mandatory standard, applicable to all business enterprises & must be followed by all commercial firms.

The standard affects treatment of GoodWill on Admission & Retirement or Death of Partner and all the illustrations & exercises are completely recaste in chapters 15 and 16 as per the standard