Description
Taxmann Accounting (Accounts) CRACKER 13th Edition by S.K. Agrawal and Manmeet Kaur
This book is tailor-made for CA Foundation aspirants, specifically covering Paper 1: Accounting (Accounts) under the New Syllabus. It compiles past examination questions (including the January 2025 Exam), answers, additional practice questions, RTPs (Revision Test Papers), and MTPs (Mock Test Papers), along with a chapter-wise analysis of marks distribution. The objective is to impart conceptual clarity, enable swift revision, and foster thorough practice, ensuring students can confidently tackle the exam.
The Present Publication is the 13th Edition for the CA-Foundation | New Syllabus | May/Sept. 2025 Exams. This book is authored by Dr S.K. Agrawal & CA. Manmeet Kaur, with the following noteworthy features:
[Exhaustive Coverage of Past Exam Questions] Includes memory-based questions and answers from previous CA Foundation examinations, encompassing up to the latest January 2025 exam
[Additional Important Questions] Presents carefully curated questions on crucial and frequently tested topics, strengthening students' preparation for upcoming exams
[Coverage of RTPs & MTPs] Integrates recent questions from the Revision Test Papers and Mock Test Papers issued by ICAI, ensuring alignment with official exam standards
[Chapter-wise Sub-topics & Marks Distribution] Provides a detailed breakdown of marks allocated to each sub-topic in past exams, helping students spot high-priority areas
[Chapter-wise Mapping with ICAI Study Material] Offers direct correlation between the book's chapters and ICAI modules, facilitating quick cross-referencing for deeper study
[Focused on Conceptual Clarity & Quick Revision] As a 'CRACKER’-style resource, this book emphasises clarity and brevity, making it perfect for last-minute revisions without compromising on conceptual depth
The coverage of the book is as follows:
Meaning & Scope of Accounting
Fundamentals and introductory definitions, laying the groundwork for advanced topics
Accounting Concepts, Principles & Conventions
Core accounting assumptions and conventions essential for accurate financial reporting
Accounting Standards
Overview of essential standards, highlighting their application in day-to-day accounting
Accounting Policies
Explains the framework within which entities select and implement various accounting methods
Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates
Delves into how different valuation principles and estimates affect financial statements
Capital and Revenue Expenditure
Differentiates between capital outlays and revenue expenses, ensuring correct classification
Contingent Assets and Contingent Liabilities
Covers the recognition, measurement, and disclosure of possible future financial events
Accounting Process (Journal, Ledger, Trial Balance, Cash Book, Subsidiary Books)
Step-by-step guidance on maintaining primary books of accounts
Bank Reconciliation Statement
Techniques to reconcile bank balances and rectify discrepancies
Bills of Exchange
Understanding trade bills, accommodation bills, and related accounting treatments
Rectification of Errors
Identification and correction of errors for accurate financial statements
Inventory Valuation
Methods of stock valuation and their influence on profitability
Depreciation
Calculation and accounting treatment of depreciation on various assets
Final Accounts
Preparation of trading, profit & loss, and balance sheet with adjustments
Partnership
Admission, retirement, death, goodwill calculation, and dissolution
Accounting from Incomplete Records (Newly Added Chapter)
Handling financial data when full records are not maintained
Not-for-Profit Organisation
Unique aspects of accounting for clubs, societies, and charitable institutions
Shares
Accounting for share capital, including issue at par and premium, and pro-rata allotment
Debentures
Issue, redemption, and related disclosures
Financial Statement of Companies (Schedule III)
Standards for preparing and presenting corporate financial statements
Accounting for Bonus Issue & Right Issue (Newly Added Chapter)
Treatment of additional share issuance and implications on share capital
Redemption of Preference Shares (Newly Added Chapter)
Procedures and impact on the company's capital structure
Redemption of Debentures (Newly Added Chapter)
Methods and accounting entries for redeeming debenture liabilities
The structure of the book is as follows:
Unit-wise Division – Each unit focuses on a specific segment of Accounting, promoting clarity and cohesiveness
Chapter Overview & Learning Objectives – Each chapter begins with an outline of the topic's significance and the competencies students will acquire
Past Examination Questions
Memory-based Questions – Adapts real exam scenarios to familiarise students with question patterns and difficulty levels
Practice Questions – Additional problems to reinforce learning and encourage problem-solving skills
Chapter-wise Marks Distribution & Comparison – Chart-based insights on past exam trends to help students prioritise study areas
Answer Presentation Tips & Framework – Offers strategies for structured, concise answers, ensuring clarity and coherence—valuable for theoretical and practical questions alike
Quick Revision Notes – Summaries at the end of each chapter highlight crucial points, aiding in rapid review before exams