ICOM 2nd Year students can now download the Key Book to Fundamental Principles of Accounting for I.Com Part II in PDF format. Published by Kitab Markaz Faisalabad and authored by Ch. Muhammad Hanif and Ch. Ijaz Ahmed, this key book provides fully solved exercises and problems for all 9 chapters of the Principles of Accounting course.
This key book is specifically designed as a companion to the Principles of Accounting textbook for I.Com Part II. Students can use it to check their solutions, understand accounting methods, and prepare thoroughly for Punjab Board annual exams.
Book Overview
- Class: 12th Class (2nd Year / I.Com Part II)
- Subject: Principles of Accounting (Key Book)
- Category: ICOM
- Authors: Ch. Muhammad Hanif, Ch. Ijaz Ahmed
- Publisher: Kitab Markaz, Faisalabad
- Type: Solved Key Book
- Total Chapters: 9
- Format: PDF (Free Download)
Chapter List
Chapter 1: Single Entry System
Solved exercises on single entry bookkeeping, converting single entry to double entry, finding missing figures, and preparing statements of affairs.
Chapter 2: Accounts of Non-Trading Concerns
Solved problems on receipts and payments accounts, income and expenditure accounts, and balance sheets for non-profit organizations such as clubs and societies.
Chapter 3: Consignment Accounts
Fully solved consignment accounting problems covering consignor and consignee accounts, loading, abnormal loss, and closing stock valuation.
Chapter 4: Partnership Accounts (I)
Solved exercises on partnership fundamentals, profit and loss appropriation accounts, partners capital and current accounts.
Chapter 5: Partnership Accounts (II)
Solved problems on admission of a new partner, goodwill treatment, revaluation of assets and liabilities, and revised capital calculations.
Chapter 6: Partnership Accounts (III)
Solved exercises on retirement and death of a partner, settlement of dues, and preparation of accounts after retirement.
Chapter 7: Partnership Accounts (IV)
Solved problems on dissolution of partnership, realization account, and settlement of liabilities and distribution of remaining assets.
Chapter 8: Joint Stock Company Accounts
Solved exercises on issue of shares, debentures, company final accounts, profit and loss account, and balance sheet preparation for joint stock companies.
Chapter 9: Depreciation Accounts
Solved problems on straight line method, diminishing balance method, depreciation fund method, and asset disposal accounts.
Download Principles of Accounting Key Book PDF
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⬇ Download PDFWho Should Read This
This key book is for ICOM 2nd Year students studying Principles of Accounting for I.Com Part II under Punjab Board. It is especially useful for students who want to verify their exercise solutions, understand accounting problem-solving approaches, and prepare thoroughly for annual board exams. Students who find Partnership Accounts, Company Accounts, or Consignment Accounts challenging will find this key book very helpful.
Applicable Boards
This key book follows the Punjab Board Principles of Accounting syllabus for I.Com Part II. Students from Federal Board and other provincial boards with a similar Accounting curriculum may also find it useful.
FAQs
What is this Principles of Accounting Key Book for?
This is the solved key book for Principles of Accounting I.Com Part II (ICOM 2nd Year). It provides complete solutions for all 9 chapters including Single Entry System, Non-Trading Concerns, Consignment, Partnership, Company Accounts, and Depreciation.
Which chapters are covered in this key book?
The key book covers all 9 chapters: Single Entry System, Accounts of Non-Trading Concerns, Consignment Accounts, Partnership Accounts I to IV, Joint Stock Company Accounts, and Depreciation Accounts.
Can I use this key book without the main textbook?
This key book is best used alongside the main Principles of Accounting textbook for I.Com Part II to check and understand exercise solutions.
Is Partnership Accounts covered in detail?
Yes, Partnership Accounts is covered across 4 chapters (Chapters 4 to 7) covering formation, admission, retirement, death, and dissolution of partnership with fully solved problems.
Is this key book useful for board exam preparation?
Yes, working through the solved exercises helps students understand accounting methods and prepare for Punjab Board annual exams for I.Com Part II.