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Buy a New Bihar State Nep2020 b.com first Semester book English Edition written by Dr. Ajay Shukla and published by thakur publication best book for all bihar state students Financial Accounting book The key features of a typical Financial Accounting book for the first semester of a B.Com (Bachelor of Commerce) program may include:Introduction to Accounting: The book will start with an overview of accounting principles, concepts, and the importance of accounting in business.Basic Accounting Concepts: Fundamental concepts like the accounting equation (Assets = Liabilities + Equity), business transactions, and the double-entry system will be explained.Recording Transactions: The book will cover how to record various business transactions using journal entries, including the principles of debit and credit.Ledger and Trial Balance: The concept of ledgers, general ledger accounts, subsidiary ledgers, and how they lead to the preparation of a trial balance will be explained.Adjusting Entries: Students will learn about adjusting entries that account for accruals, deferrals, and other adjustments required to accurately reflect the financial position of a business.Financial Statements: The book will discuss the preparation of financial statements such as the Income Statement (Profit and Loss Statement), Balance Sheet, and Cash Flow Statement.Inventory Valuation: Different methods of valuing inventory, such as FIFO (First-In-First-Out) and LIFO (Last-In-First-Out), will be introduced.Depreciation and Amortization: The concept of depreciation for tangible assets and amortization for intangible assets will be covered.Bank Reconciliation: Students will learn how to reconcile bank statements with the company's records to identify any discrepancies.Partnership Accounting: Basic partnership accounting principles, including the preparation of the partnership's financial statements, will be discussed.