First, let’s know about what is financial accounting and its purpose. Financial accounting is a branch of accounting. Financial reports of a business entity are prepared by gathering and summarising financial information which results from business operations. This gathering, condensing, and reporting of financial information is called financial accounting.
Financial Accounting Book For B Com 1st Year PDF
Every business entity has to provide financial reports ( that is, financial statements) every year as required by law. This covers the entire transactions and activities of an entity during a year.
This will also be useful to show an entity’s financial performance and position to the people outside the entity, particularly for investors, suppliers, customers, and creditors.
For example, if a person wants to invest some shares in a company, he can use the financial reports like the income statement to look at the performance of the business during the year. In addition to this, the financial and cash position of the business can be known by looking at the balance sheet and the cash flow statement. Comparison among the previous year’s statements can also be done to check whether the performance has been improved or not. After analyzing all these things, he can decide whether the company is good for investment or not.
|Book title||B Com 1st year financial accounting book|
|File size||Various With Files|
I can’t explain everything here because a Bachelor of Commerce is a three-year course. You may have questions like a balance sheet, income statement, cash flow statement, assets, liabilities, etc. You can find answers to all these questions by downloading the pdf through the link given below. Every basic concept has been explained simply with good examples and illustrations. So, I am sure that you will gain confidence after reading this book and score good marks in your examinations. Even after completing your course, the knowledge gained through this book will be helpful in your career.
Financial Accounting Book For B Com 1st Year PDF Download
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